Examples of loss leader in the following topics:
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- Break-even analysis can determine the minimum amount a company needs to sell in order to cover its costs with no gains or losses.
- In economics and business, the break-even point (BEP) is when costs (or expenses) and revenues are equal: there is no net loss or gain and the business has "broken even" by earning back its costs.
- Business leaders use this information to determine whether or not they will produce and sell 200 tables per month and proceed based on that analysis.
- A break-even analysis is typically depicted by a graph showing the midpoint between profit and loss with the axes as units sold and price of goods sold.
- The point is found at the number of units where loss and sales are equal.
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- We often look to opinion leaders for help in our consumer decisions.
- As such, opinion leaders can shape how a product is viewed.
- Opinion leaders are particularly useful in marketing.
- In marketing, celebrities are often used as opinion leaders.
- Celebrities are opinion leaders for the products or services they promote.
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- While it is natural to have biases based on experience or feelings, it is important for managers and leaders to recognize them and take steps to keep them from butting their judgment.
- Prospect theory is based on the notion that people think about decisions in terms of potential gains and losses and tend to be more averse to losses than they are favorable to gains.
- The distance between the x-axis and the curve is smaller in the positive direction (i.e., for positive outcomes, or gains) than it is in the negative direction (i.e., for negative outcomes, or losses).
- This means that people's positive value of gains is less than people's negative value of losses.
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- Loyalty to the group requires individuals to avoid raising controversial issues or alternative solutions, and there is a loss of individual creativity, uniqueness, and independent thinking.
- Leaders should assign each member the role of "critical evaluator."
- Leaders should not express an opinion when assigning a task to a group.
- Leaders should absent themselves from many of the group meetings to avoid excessively influencing the outcome.
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- The loss of the charismatic Kennedy was notably shocking and upsetting to his supporters, while opposition candidates faced the awkward position of running against the policies of a slain president.
- So as not to appear disrespectful, Republican leaders called for a political moratorium during the subsequent period of mourning.
- Ironically, Johnson (then the Senate Majority Leader) had strongly opposed both the 1957 and 1960 bills and had helped to weaken them.
- Despite such a devastating loss, this was the best showing in the South for a GOP candidate since the post-civil war reconstruction era.
- Nelson Rockefeller was a the leader of the moderate wing of the Republican Party.
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- Certain leadership competencies help people become effective leaders; successful team leaders follow planning and implementation processes.
- The members of Bob's team think that he is a great team leader.
- There is often a balancing act that the leader must manage between being a leader and a member while ensuring the goal is clear and obtainable.
- The leader works with the team membership.
- Therefore, an effective team leader must be both a component to the team and also a leader to manage the team's progress.
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- The Battle of Bunker Hill, though technically a loss for the Continental Army, signified the relative strength of the colonial forces.
- On June 13, 1775, the leaders of the colonial forces besieging British-occupied Boston learned that the British generals were planning to send troops out from the city to occupy the surrounding unoccupied hills.
- The colonial forces retreated to Cambridge over Bunker Hill, suffering their most significant losses on Bunker Hill itself.
- While the result was a victory for the British, they suffered heavy losses—over two hundred were killed and eight hundred wounded.
- When news of the battle spread through the colonies, it was reported as a colonial loss as the ground had been taken by the enemy, and significant casualties were incurred.
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- Transactional leaders are concerned about the status quo, while transformational leaders are more change-oriented.
- Transactional leaders focuses on the role of supervision, organization, and group performance.
- Transactional leaders are task- and outcome-oriented.
- Transactional leaders work within existing an organizational culture, while transformational leaders emphasize new ideas and thereby "transform" organizational culture.
- Differentiate between transactional leaders and transformational leaders in a full-range approach, particularly from a behavioral perspective
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- Typically the opinion leader is held in high esteem by those who accept his or her opinions.
- In the jargon of public relations, they are called thought leaders.
- Opinion leaders, such as Stephen Colbert, often shape public opinion.
- People are inclined to follow opinion leaders because of their knowledge and experience.
- George Clooney is an example of a celebrity opinion leader.
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- In economics, deadweight loss is a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal.
- In economics, a deadweight loss (also known as excess burden or allocative inefficiency) is a loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal (resource allocation where it is impossible to make any one individual better off without making at least one individual worse off).
- Deadweight loss can generally be referenced as a loss of surplus to either the consumer, producer, or both.
- The loss of the surplus, not recouped by tax revenues, is deadweight loss.
- Deadweight loss, represented by Harberger's triangle, is the yellow triangle.