There are three (3) buyers, three (3) firms, and two (2) suppliers. Any buyer’s willingness to pay for any of the three firms’ product is $20. Supplier opportunity cost are $5. Each firm can only produce one unit of a product, buyers are only interested in buying one unit at most, and suppliers can supply one unit at most. (Remember, a good way to start is to think about the number of transactions happening).1.1. What is the total value created in this industry?1.2. What is the Added Value of a supplier?1.3. What is the Added Value of a firm?1.4. What is the Added Value of a buyer?1.5. According to the value based strategy framework, what price would you expect to be charged by...: ... a supplier: price= ... a firm: price Please refer back to the information in

Presented below is a list of possible transactions. analyze the effect of the 18 transactions on the financial statement categories indicated. transactions assets liabilities owners’ equity net income 1. purchased inventory for $80,000 on account (assume perpetual system is used). 2. issued an $80,000 note payable in payment on account (see item 1 above). 3. recorded accrued interest on the note from item 2 above. 4. borrowed $100,000 from the bank by signing a 6-month, $112,000, zero-interest-bearing note. 5. recognized 4 months’ interest expense on the note from item 4 above. 6. recorded cash sales of $75,260, which includes 6% sales tax. 7. recorded wage expense of $35,000. the cash paid was $25,000; the difference was due to various amounts withheld. 8. recorded employer’s payroll taxes. 9. accrued accumulated vacation pay. 10. recorded an asset retirement obligation. 11. recorded bonuses due to employees. 12. recorded a contingent loss on a lawsuit that the company will probably lose. 13. accrued warranty expense (assume expense warranty approach). 14. paid warranty costs that were accrued in item 13 above. 15. recorded sales of product and related service-type warranties. 16. paid warranty costs under contracts from item 15 above. 17. recognized warranty revenue (see item 15 above). 18. recorded estimated liability for premium claims outstanding.

Which of the following is an example of a person’s background? a. jose enjoys drawing and painting. b. tobias works as a preschool teacher. c. jennifer grew up in beirut. d. lin wants to be an architect.

Which of the following methods is designed to determine the demographics of a particular target market? primary market research secondary market research diversity marketing differentiated marketing