Greater resource prices increases the costs of production, thereby, reducing the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.
Costs of Production
All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.
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After data has been collected, researchers sometimes find patterns that are unexpected, but nonetheless surprising and exciting. these types of patterns are known as:_____.
The answer is Serendipitous.
After data has been collected, researchers sometimes find unexpected but surprising and exciting patterns. These types of patterns are known as Serendipitous. Serendipitous patterns are happy and surprising patterns that seemingly occur due to opportunity and often occur when we are searching for something else. They give pleasure when it occurs in our everyday lives and has been reliable for many innovations and meaningful advancements in science and technology. Such types of events are also referred to as Serendipity.
Serendipity in research is often discovering the unpredictable, which, when identified, cheerfully alters the course of the research for good. It is often unrecognized what is discovered. It may appear strange to refer to opportunity when conferring science. Scientific research apparently functions in a very systematic, straightforward, and regulated way, with no space for a chance in any scope of the investigation. In fact, possibility plays an essential role in science and technology and has been accountable for some significant findings in history. In science, though, chance doesn't have quite the exact meaning as it accomplishes in day-to-day life.
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If revenues equal $100,000 and expenses equal $120,000, then net income (loss) must equal ______.
Based on the revenues and the expenses, the net loss to the company will be -$20,000.
What is the net loss?The net income (loss) is found by the formula:
= Revenues - Expenses
In this case, the revenues are less than the expenses so this will be a net loss.
This net loss is found as:
= 100,000 - 120,000
= -$20,000
In conclusion, the net loss is -$20,000.
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Home hoarding realty is advertising to the public that their managing broker has been in the business 37 years and has sold over 1,250 homes. this is an example of?
The correct answer is institutional advertising.
Institutional advertising is defined as promotional efforts meant to enhance a brand's reputation, create a favorable perception of a brand, or motivate consumers to support a particular brand or institution.
What kinds of advertisements are used in institutions?Radio, television, print, and internet media are the most popular forms of institutional advertising because they allow businesses to communicate their message through discourse. Non-conventional media is also included in public spaces.
What is the objective of institutional advertising?Institutional advertising works to improve a company's reputation as a whole rather than just one particular item or service. The company also works to promote its concepts and values, as well as its goal and vision.
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Globalization resulted in a decrease in non-u. S. Firms’ investment across national borders. True or false?.
The given statement is (false) .
Globalization ,actually increase the investments around the world and also in the US Systems. As businesses operate globally and increase their international investment out of a shared interest and the necessity to remain globally competitive, globalization and international investments are intertwined and feed into one another.
As a result of these behaviours, nations' cultures become more similar over time, and their economies become more interconnected and more susceptible to the same problems.
Globalization is an economical concept or process by which people and it’s goods can easily cross international borders and make people more connectable, which also helps in building a nation’s economy.
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2.1 Answer questions on the business opportunity and related factors Develop a research instrument that can be used to assess customers' buying behaviour for any product of your choice.
Consumer market research employs two research methods: Qualitative and Quantitative.
1. Qualitative Consumer Research
Focus Groups: As the name implies, focus groups are small groups of highly validated subject experts who gather to analyze a product or service.
One-on-one Interview is a more conversational method in which the researcher asks open-ended questions to the respondents in order to collect data.
Text analysis is a qualitative research method in which researchers analyze social life by decoding words and images from available documents.
2.Quantitative consumer research is all about statistics and numbers. A savvy consumer who makes frequent purchases can attest to how consumer-centric businesses have evolved in recent years.
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Iana has grown dramatically and now oversees five __________ that parcel out ip addresses to large isps and major corporations.
IANA has grown dramatically and now oversees five Internet Corporations for Assigned Names and Numbers (ICANNs) that parcel out IP addresses to large ISPs and major corporations.
What is IANA?The Internet Assigned Numbers Authority (IANA) is an organization that sets standards for various online based essential services such as IP address allocation and root zone management.
Since being established by the United States, they have grown to be more global and this is evidenced by the fact they now oversee five Internet Corporations for Assigned Names and Numbers (ICANNs).
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The iterative process of consensus building involves _____ and _____. (choose 2)
The iterative process of consensus building involves trial and error style cycles.
The primary approach to problem-solving is trial and error. It is characterized by numerous, diverse attempts that are made repeatedly until success—or until the practitioner gives up—comes to pass.
The iterative approach is typically used by business development and marketing research professionals to handle design issues, enhance corporate strategy, maximize product features, or fast respond to market changes. The technique is adaptable to a wide range of industries and uses.
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A retailer that allowed its employees to handle a customer complaint without having to ask for permission or direction from management would have:______.
A retailer that allowed its employees to handle a customer complaint without having to ask for permission or direction from management would have: empowered its employees to help customers.
Who is a retailer?A retailer can be defined as someone that buy goods directly from the wholesaler and sell the goods to consumer or end user.
A retailer can tend to empowered their employee or workers to assist customers by telling them to handle customer complaint without the employee having to ask for permission from management before handling their customers complaint.
Therefore retailers can empowered its employees to help customers.
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Even though Mike is a great basketball player, he tries with just half effort on drills during practice. This is an example of
Owasting talent
getting distracted
allowing others to set goals
Even though Mike is a great basketball player, he tries with just half effort on drills during practice. This is an example of wasting talent.
How old is basketball as a game?
Basketball is built into the cloth of Springfield college. the game was invented by way of Springfield college trainer and graduate pupil James Naismith in 1891, and has grown into the global athletic phenomenon we understand it to be today.
What are basketball gamers known as?
Definitions of basketball participant. an athlete who performs basketball. synonyms: basketeer, cager.
What's the basic talents of basketball?
Capturing, dribbling, defending, rebounding, and passing are a few of the most enormous capabilities in the sport of basketball. Aside from these basketball-precise competencies, agility, acrobatic capacity, velocity, and staying power are all treasured property in the game.
How lengthy is a basketball sport?
NBA: countrywide Basketball affiliation (NBA) video games consist of 4 twelve-minute quarters, for a complete sport duration of forty-eight mins. however, the sport clock stops all through that forty-eight-minute length for numerous reasons, including fouls, halftime, and time-outs.
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Much of your workplace communication will occur during in-person or online meetings. if you're leading a meeting, you can help to make sure it's productive by?
Much of your workplace communication will occur during in-person or online meetings. If you're leading a meeting, you can help to make sure it's productive by preparing carefully .
Face-to-face communication: what is it?When two or more people are present for each other's interactions, face-to-face engagement and conversation takes place. This conversation might occur in person or online.
Face-to-face conversations frequently result in more effective communication than written or audio-only ones. This is because seeing one another makes it easier for us to read body language and nonverbal signs. Additionally, since a lot of communication takes place nonverbally, being able to see one another improves our understanding of one another.
Effective team members understand that face-to-face interaction strengthens their bonds with their leaders.
For instance, you are aware that it is best to speak with an employee face-to-face when you need to have a difficult talk.
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Over the past year, how often did monroe manufacturing sell and replace its inventory?
The inventory turnover for Monroe Manufacturing is 21.86
How do we determine the frequency of inventory turnover?
Inventory turnover, the number of times Monroe Manufacturing sells and replenishes its inventory can be determined using the formula below:
inventory turnover=annual sales/ inventory
annual sales= $400,000
total current assets=cash+ accounts receivable+inventory
total current assets=$61,000
cash=$27,450
accounts receivable=$15,250
inventory=unknown(assume it is x)
$61,000=$27,450+$15,250+x
x=$61,000-$27,450-$15,250
x=$18,300
inventory turnover=$400,000/$18,300
inventory turnover=21.86x
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Full question?
Monroe Manufacturing has a quick ratio of 2.00x, $27,450 in cash, $15,250 in accounts receivable, some inventory, total current assets of $61,000, and total current liabilities of $21,350. The company reported annual sales of $400,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
InventoryUsing this formula
Inventory=Annual sales/[Total current assets-(Total current liabilities× Quick ratio)]
Let plug in the formula
Inventory=$800,000/[$77,500 - ($27,125 x 2)]
Inventory=$800,000/[$77,500 -$54,250]
Inventory=$800,000/$23,250
Inventory=34.408x
Inventory=34.41x
Therefore If the company reported annual sales of $800,000 in the most recent annual report. how often Monroe Manufacturing will sell and replace its inventory is: 34.41x.
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The complete question is:
Monroe Manufacturing has a quick ratio of 2.00x, $34,875 in cash, $19,375 in accounts receivable, some inventory, total current assets of $77,500, and total current liabilities of $27,125. The company reported annual sales of $800,000 in the most recent annual report.
Over the past year, how often did Monroe Manufacturing sell and replace its inventory?
2.86x
37.85x
34.41x
8.01x
Which is the most effective professional leadership and management strategy nurses implement to improve safety and quality of patient-centered care?
The most effective professional leadership and management strategy which nurses implement to improve safety and quality of patient-centered care is: 3. Delegation.
What is leadership?Leadership can be defined as a strategic process that involves the act of motivating, encouraging and inspiring a group of people (followers or employees) that are under you to become innovative, create positive changes that fosters growth and development and significantly enhance the success of your business firm or company in the future.
The types of leadership style.Basically, there are five (5) main types of leadership style and these include:
Authoritarian leadership.Participative leadership.Transactional leadership.Transformational leadership.Delegative leadership.What is a delegative leadership style?A delegative leadership style is also referred to as laissez-faire leadership and it typically involves a leader assigning roles, tasks or decision-making responsibility to a highly qualified and competent subordinate.
In this context, we can reasonably infer and logically deduce that the most effective professional leadership and management strategy which nurses implement to facilitate safety and high quality of patient-centered care is delegation.
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Complete Question:
Which is the most effective professional leadership and management strategy nurses implement to improve safety and quality of patient-centered care?
1 Autonomy
2 Guidance
3 Delegation
4. Accountability
The ______ form of managment holds that there are no universal management theories
The contingency approach is a form of management holds that there are no universal management theories.
Contingency approach to management tells that there is no single textbook rule to manage an organization or universal management theories.The contingency approach is also known as situational approach. In every business organization the best approach will be contingent upon internal and external needs of that organization.
Moreover, the Contingency Management theory tells that if leaders have good relationships with employees they will be able to exert more influence.
Contingency Management theory tells that organizations are open systems that need careful management to satisfy and balance internal needs and to adapt to environmental circumstances. Furthermore, there is no best way of organizing. The appropriate form depends on the task or environment within which the organization is operating. Therefore Contingency Management theory claims that there is no best way to organize a corporation, to lead a company, or to make decisions.
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Maralee has been approached by j. fox entertainment to perform an audit of her theatre company. maralee has never audited a theatre company before. maralee can:________
In the case above, Maralee can accept the engagement if she can be able to have the needed knowledge before the end of the given engagement.
What is an audit defined as?Auditing is known to be a term that connote a kind of on-site verification work that entails inspection as well as examination.
Note that it is often seen as the act or a from of quality system that helps to make sure that company or organization are in compliance to the needed requirements.
Since an audit is said to be "independent testing of financial information of any firm, one can say that In the case above, Maralee can accept the engagement if she can be able to have the needed knowledge before the end of the given engagement.
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Ow the people are selected, trained, and managed determines to a large extent how ________ an organization will be.
How the people are selected, trained, and managed determines to a large extent and how successful an organization will be.
Human resource management (HRM)Human resource management (HRM) is the process of finding, selecting, deploying, and overseeing people for a business. Human resources, or HRM, is another name for it (HR). The HR department of a corporation or organization is typically in charge of formulating, implementing, and monitoring the regulations governing workers and the interaction between the company and its employees. In order to collectively refer to all of the individuals who work for the business, the phrase "human resources" was initially used in the early 1900s and then became increasingly popular in the 1960s.
HRM, or human resource management, is the management of personnel with a focus on them as a company's assets.
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When a negative real shock hits the economy, in the absence of any monetary intervention?
When a negative real shock hits the economy, without monetary intervention, both inflation and real growth will decline.
Inflation can be defined as an increase in prices, which can be translated as a decrease in purchasing power over time. The rate of decline in people's purchasing power can be reflected in the increase in the average price of a selected basket of goods and services over a period of time. An increase in price, which is often expressed as a percentage, means that one unit of currency is effectively buying less than it did in the previous period. Inflation can be contrasted with deflation, which occurs when prices fall and people's purchasing power increases.
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If there are unemployed resources, then we are producing at a point inside the production possibilities frontier. True or false?.
True, If there are unemployed resources then we are producing at a point inside the production possibility frontier.
Underemployment or underutilization of resources is represented by a point inside the frontier. The frontier indicates the maximum productivity feasible given the resources at our disposal, thus if we are not using those resources, we are not generating as much as we could. As a result, we are currently producing at a point inside the frontier of production possibility.
For eg: - If an economy could produce 6 kg wheat and 6 kg rice, it might produce only 4 kg wheat and 4 kg rice. In this scenario, resources in the economy would not be completely utilized, or to put it another way, they would be underutilized.
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If the fed is following expansionary monetary policy, the fed funds rate will be _____.
The Fed should engage in expansionary monetary policy, and the federal funds rate will be 1%.
More about expansionary monetary policy:
Short-term interest rates are lowered or the money supply is increased more quickly than usual as a result of expansionary monetary policy. It is implemented by central banks and accomplished through interest rate setting, reserve requirements, and open market activities.
Although expansionary monetary policy is a well-liked instrument for controlling the business cycle's low-growth phases, it also carries some hazards. Macroeconomic, microeconomic, and political economics concerns are among these dangers.
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If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high?.
No, If a firm has a lot of net cash flow, does that mean the firm’s balance sheet cash account must be high.
What does net cash flow tell you?
Net cash flow is the gain or loss in money over a time period (after all debts have been paid). A company is said to have positive cash flow if, after paying all of its operational expenses, it still has cash left over.What increases a firm's cash balance?
Companies can boost their cash flow through increasing revenue, collecting past-due bills, controlling expenses, and engaging in financing and investing operations.
What is the difference between net cash flow and cash balance?
The cash balance difference between two successive time periods is the net cash flow when utilizing a balance sheet. The net cash flow from operating, investing, and financing transactions is calculated by adding up all of the revenues and outlays for a certain time period and showing it on the cash flow statement.Learn more about net cash flow
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When using ________, a consumer exerts little effort in making a purchase decision. group of answer choices
When using habitual decision making , a consumer exerts little effort in making a purchase decision.
What is consumer exerts?
There are five fundamental steps in the decision-making process for consumers. Consumers use this technique to weigh their options before making a purchase. Problem identification, information search, alternative assessment, buy decision, and post-purchase evaluation are the five steps. Consumer motivation is an underlying condition that propels individuals to recognise and purchase goods and services that satisfy both conscious and unconscious needs and desires. When such wants are met, people may be inspired to make additional purchases or look for different products and services to better meet those needs.
Therefore,
When using habitual decision making , a consumer exerts little effort in making a purchase decision.
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Under armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a ________ strategy.
Under Armour's recent expansion into the digital personal health and fitness tracking market through acquisitions of three fitness app companies is a Diversification strategy.
The process of diversification involves investing in a range of various assets. Diversification tries to lower an investment portfolio's overall risk without lowering its potential returns.Concentric diversification is the creation of new goods and services that are interchangeable with those you presently market. For instance, an orange juice company introduces a brand-new "smooth" orange juice beverage alongside their flagship orange juice "with chunks."What three benefits does diversity offer?Diversification lowers risks, evens out returns, and enhances portfolio performance over the long run.To Learn more about diversification, Click the links.
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Due to federal supremacy, if a state law is inconsistent with a federal law, the federal law would __________ the state law.
Because of federal supremacy, if a state law conflicts with a federal statute, the federal law will take precedence / preemption
Preemption
The Supremacy Clause of the Constitution declares that the "Constitution and the laws of the United States...shall be the supreme law of the land...regardless of anything in the constitutions or laws of any State to the contrary." This clause is where the preemption idea stems from. As a result, any federal law—including a rule of a federal agency—trumps any incongruous state law.
Both stated and implied preemption are possible. When Congress decides to expressly preempt state law, the courts' only task is to determine whether the state statute under issue is one that the federal law is meant to preempt.
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Mission statements should be defined in terms of satisfying basic customer needs. In other words, they should be __________.
Mission statements should be defined in terms of satisfying basic customer needs. In other words, they should be market oriented.
What is mission statement?
A mission statement is characterized as an action-based declaration of an organization's goal and its approach to serving customers. This can occasionally include an explanation of the business, what it does, and its goals. A brief overview of your company's goals is contained in your mission statement.
A mission statement should place more emphasis on meeting customer demands than on the product. Although products and technologies eventually become old, fundamental market demands might not. A firm is defined by its market-oriented mission statement in terms of meeting fundamental customer needs.
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Fast bean sells coffee to fred to brew and drink at home. this is an example of business-to-______ marketing.
a. vendor
b. business
c. consumer
d. producer
Fast bean sells coffee to fred to brew and drink at home. this is an example of business-to-consumer marketing.
What is business-to-consumer marketing ?The process of selling items and services directly between a business and consumers who are the end-users of its products or services is referred to as business-to-consumer (B2C).
The majority of businesses that sell directly to consumers are classified as B2C.
B2C became extremely popular during the late 1990s dotcom boom, when it was mostly used to refer to online retailers who offered items and services to consumers via the internet.
Business-to-consumer refers to the process of businesses selling products and services directly to consumers, without the need of a middleman.
B2C refers to online sellers who sell products and services to customers via the internet.
Online B2C posed a threat to traditional retailers, who benefitted from adding a markup to the price.
However, companies such as Amazon, eBay, and Priceline have thrived, eventually becoming industry disruptors.
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If the government places a $2 tax per bag of potato chips on the producers, what would the consumers of potato chips observe?.
Answer:the price of potato chips would rise by some amount
Explanation:
Answer:
higher prices
Explanation:
because the producers would essentially sell potato chips for 2 dollars more to make up for the tax money lost
Which task is performed by an isp when it takes a block of addresses, subnets the block into multiple subnets, and then passes out the smaller individual subnets to customers?
Classless Inter-Domain Routing (CIDR) task is performed by an isp when it takes a block of addresses, subnets the block into multiple subnets, and then passes out the smaller individual subnets to customers
This is further explained below.
What is Classless Inter-Domain Routing (CIDR) task?Generally, An Internet service provider (ISP) is said to have completed a Classless Inter-Domain Routing (CIDR) job when it took a block of addresses, subnetted the block into many subnets, and then distributed the smaller individual subnets to its clients.
In conclusion, Supernetting, sometimes referred to as CIDR (Classless Inter-Domain Routing), is a technique for allocating Internet Protocol (IP) addresses that increases address distribution efficiency and replaces the prior system based on Class A, Class B, and Class C networks.
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Entrepreneurs are considered the driving force in an economy because they are? the greatest number of people in an economy. provide most of the labor. own a great deal of land. start new businesses.
Entrepreneurs are viewed as the driving force in the economy since they start new businesses.
An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. Entrepreneurship is the practice of starting new business. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods. Entrepreneurs are essential to any economy because they have the knowledge and drive to foresee requirements and sell viable new ideas. Entrepreneurship that succeeds in assuming the risks involved in founding a firm is rewarded with money, notoriety, and chances for future growth.
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If a store runs a sale on a product to clear out its stock, we can conclude that:____.
If a store runs a sale on a product to clear out its stock, we can conclude that there was a surplus of the product in the store.
When a product's supply and demand diverge, or when a small number of buyers are willing to pay more than the vast majority of buyers, there is a surplus. In theory, there should be neither a surplus nor a deficit of a good when it is sold for a fixed price that everyone is willing to pay.
Product surplus is the region that is above the supply level and below the equilibrium price.
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West company has $200 cash, $1,200 land, $600 liabilities and $800 stockholders' equity. west has earned profits every year since its inception. based on this information, ______.
Based on this information, West may be forced to sell its land in order to pay its debt.
What are debts and assets?Liabilities are future benefits that would have to be sacrificed in the future by an entity to other entities as a result of past transactions.
An asset is a resource that is owned by a business that can be used to create economic value of the economic actor. Cash is an example of a liquid asset. Land is an illiquid asset.
Stockholders equity is the difference between assets and liabilities. Even though, assets is greater than liabilities, the liquid asset is less than liability. Thus, the business might have to sell its land to pay the debt.
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International business differs from domestic business in that a firm operating across borders must deal with the forces associated with which three kinds of environments?
International business differs from domestic business in that a firm operating across borders must deal with the forces associated with which three kinds of environments domestic, foreign, and international.
What is an example of an external force that can affect a company's environment?
The elements outside of a company's control that have an impact on operations and success are known as external effects. Government laws, economic downturns, population demography, and technology are a few examples.Which environment refers to all the uncontrollable forces originating outside the home country that surround and influence the firm?
The uncontrollable variables that surround and have an impact on the life and development of the firm make up the global environment. The article defines the international environment as all external, uncontrollable influences that surround and have an impact on the firm.Learn more about company's environment
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