Solve Accurate to the Cent

question 171

Essay

Solve accurate to the cent:

Understand and perform conversions between mixed numbers and improper fractions.

Calculate unit values and perform simple financial calculations.

Understand the concept and significance of brand communities and communities of practice in social media.

Identify the advantages and disadvantages of user-generated content sites, RSS feeds, and curation sites.

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Definitions:

Vertical Integration

A strategy where a company expands its business operations into different steps on the same production path, such as when a manufacturer owns its supplier and/or distributor.

Acquiring Suppliers

The process of taking over or purchasing suppliers to control the supply chain, reduce costs, or secure resources.

Distributors

Entities involved in the supply chain that purchase products from manufacturers and sell them to retailers or directly to consumers.

Diversification

A strategy of investing in a variety of assets to reduce exposure to any single asset or risk.