An operations strategy is a long-range plan for the design and use of resources in support of the business strategy.
A company is defined as an organization or company engaged in commercial, industrial, or professional activities. A business can be either a commercial enterprise or a non-profit organization. Legal forms range from limited liability companies to sole proprietors, corporations, and partnerships.
Business is the activity of making a living or making money by manufacturing or buying and selling products (such as goods or services). It is also a “commercial activity or enterprise”. Enterprises he improves the quality of life in two ways. First, we provide quality goods and services to people who need them for their enjoyment, comfort and health. Second, businesses provide people with employment opportunities through which they generate income and improve their quality of life.
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If fixed costs are $400,000 and the unit contribution margin is $20, how many units must be sold in order to realize an operating income of $250,000?
a. 45,000
b. 32,500
c. 7,500
d. 20,000
In order to generate an operational profit of $250,000 with $400,000 in fixed expenditures and a unit contribution margin of $20, 32,500 units must be sold.
$400,000 / $20 = 20,000 units for break-even, which is calculated as fixed costs minus contribution margin. Break-even plus desired income equals ($400,000 + $250,000) / $20 = 32,500. Contribution margin equals (fixed costs + desired operating income).
What kinds of expenses are examples?
The full cost of a commodity or service is known as an expenditure. For instance, a business might invest $10 million in a piece of machinery that it expects to last only five years. This would be seen as a $10 million capital expense.
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The cocoa exchange relationship with its cocoa farmers, in partnership with the care organization, is most closely related to which social responsibility requirement?
The Cocoa Exchange's relationship with its cocoa farmers, in partnership with the CARE organization, is most closely related to this social responsibility requirement: A. ethics, principles, and values.
What is CSR?CSR is abbreviation for corporate social responsibility and it can be defined as an organization's (company's) obligation to act in a manner that benefits and adds significant value to the society and the people, usually as it conduct its business operations.
The Cocoa Exchange partnered with the CARE organization in order to improve the social welfare conditions for cocoa farmers in developing countries, while not leaving out the women.
In this context, we can reasonably infer and logically deduce that the Cocoa Exchange's relationship with its cocoa farmers, in partnership with the CARE organization, is most closely related to this social responsibility requirement ethics, principles, and values.
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Complete Question:
The Cocoa Exchange's relationship with its cocoa farmers, in partnership with the CARE organization, is most closely related to which social responsibility requirement? Multiple Choice
ethics, principles, and values
financial viability
compliance with legal and regulatory requirements
philanthropic activities
None of these answers are correct.
The process of analyzing the tasks necessary for the production of a product or service is called ______.
The correct answer is work flow design.
To offer team members and stakeholders a high-level overview of each activity involved in a certain process, workflow design entails mapping out all activities and processes in a visual manner.
How does one develop a workflow design?Step 1- How to Create an online workflow:
Step 2- Decide on your resources.
Step 3- Make a list of the tasks that must be completed.
Step 4- Determine who is in charge of each task and assign duties.
Step 5- Make a workflow diagram to see the procedure in action.
Step 6- Try out the process you designed.
Step 7- Introduce the new workflow to your staff.
Step 8- Launch the updated workflow.
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Which term refers to the accountability of marketing dollars spent on marketing activities?
Accountable Marketing is the term which refers to the accountability of marketing dollars spent on marketing activities
Accountable Marketing is essential to Marketing accountability because of the following reasons;
Besides being able to justify spending and enable us to run the Marketing organization more effectively and efficiently, knowing what is and isn't working helps Marketing achieve greater influence and serve in a more strategic role.
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A d-snp member loses his eligbility due to a change or loss of medicaid status. what cost sharing is he responsible for while in teh grace period?
A DSNP member loses his eligibility due to a change or loss of Medicaid status. He is responsible for All, such as premiums, deductibles, copayments, and coinsurance.
What is DSNP?Coordinating their healthcare with both Medicare and Medicaid services can be challenging for the millions of Americans who are dual-eligible for healthcare benefits. As a result, Medicare Advantage offers Special Needs Plans, which give you a practical option to coordinate your medical needs under a single plan. Dual-eligible Special Needs Plans, or SNPs, are a category of Special Needs Plans that permit enrollment by those with dual eligibility.
For beneficiaries who have both Medicare and Medicaid coverage, there are specialty Medicare Advantage plans known as DSNPs. Health Maintenance Organization (HMO) or PPO plans are the two categories that most DSNPs fall under (Preferred Provider Organization plans).
In some jurisdictions, but not all, DSNPs are accessible through specific private insurance providers. Federal law mandates that these plans offer all of Original Medicare Part A's (hospital insurance) and Part B's (medical insurance) benefits. Individual states, however, have jurisdiction over what extra benefits providers may offer as part of the DSNP.
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What are components of the network effect in social media engagement? (choose every correct answer.)
The components of the network effect in social media engagement are
Social media are used by marketers and customers to share many kinds of information.Social media can be an important component of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.Option D is correct All of the above
This is further explained below.
What is social media?Generally, The term "social media" refers to a group of interactive technologies that, via the use of online communities and networks, make it easier for people to create and share information, ideas, hobbies, and other kinds of expression.
The term "information" is used to refer to anything in the abstract that has the capacity to inform.
When broken down to its most elemental components, information refers to the decoding of what may be seen.
In conclusion, The multiplicative effect of having individuals exchange information with others with whom they are connected through social media.
The lightning-fast rate at which information may be disseminated via social media.
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CQ
What are the components of the network effect in social media engagement? (choose every correct answer.)
Social media are used by marketers and customers to share many kinds of information.Social media can be important components of an integrated marketing communications strategy.Social media facilitate interpersonal interactions.All of the aboveA dynamic in which states compete to attract business by lowering taxes and regulations is called a:________
A dynamic in which states compete to attract business by lowering taxes and regulations is called a race to the bottom.
What is lowering taxes?Reduced income tax rates increase consumer spending power and thus increase total demand, which can increase economic growth and possibly inflation. Reduced income taxes may increase labour supply-side incentives, which would increase productivity.
Tax rate reductions help the economy expand because they improve the benefits of saving, earning, and investing after taxes. Through the effects of substitution, these increased after-tax returns encourage additional work effort, saving, and investment.
Thus, it is race to the bottom.
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When your direct reports are presenting a plan or issue to you, how do you know if the underlying assumptions are the correct ones? what actions do you take to validate assumptions or data?
The simple guideline for testing assumptions is: If all else is equal and A is more severe than B, test A first. The second component is the likelihood of an assumption being correct. Many people find it strange that hypotheses with a smaller chance of being true should be examined first.
Why do we test assumptions?The acceptance tests of the analysis you have chosen allow you to determine whether you can draw the correct conclusions from the results of your analysis. You can think of assumptions as requirements that you must meet before you can perform your analysis.
What are the 3 assumptions that apply to the test?This type of test makes the following assumptions about the data:
Independence: The observations of one sample are independent of the observations of the other sample. Normality: Both samples are approximately normally distributed.Homogeneity of variance: The two samples have approximately the same variance.What are the assumptions in the data analysis?The general data assumptions are: random sampling, independence, normality, equal variance, stability, and that your measurement system is accurate and precise.
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A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights on consumer needs. this is an example of ________.
A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights into consumer needs. this is an example of ethnographic research. Thus the correct option is C.
What is Consumer?A consumer is referred to as an end user of any product. He is the person who utilized or consumes the goods. For example, when parents purchase baby food, they will be considered customers, not consumers the consumer is a kid.
Ethnographic research involves the investigation of the behavior and thinking patterns of an individual in society while making a purchase. In this case, a trained observer was sent to gain deeper insights into consumer needs and reflect on the features of the research.
Therefore, option C is appropriate.
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The incomplete question is
A company sent a trained observer to watch and interact with consumers in their natural environments in order to gain deeper insights on consumer needs. This is an example of ________.
a) viral marketing
b) survey research
c) ethnographic research
d) experimental research
e) niche marketing
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
The cash flow or coins equivalent that the organization gets or offers out by using the way of charge(s) to lenders is called coins float. cash go with the flow analysis is frequently used to examine the liquidity role of the organization.
Cash flow is a measurement of the quantity of coins that comes into and out of your business in a particular time frame. when you have fantastic coins go with the flow, you've got greater coins entering your commercial enterprise than you've got leaving it—so you will pay your payments and cover different fees.
Upload your internet earnings and depreciation, then subtract your capital expenditure and change in operating capital. loose coins drift = net income + Depreciation/Amortization – alternate in working Capital – Capital Expenditure.
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Burger king's satisfries are most likely marketed to which type of customer market?
Burger king's satisfies are most likely marketed to consumer type of customer market.
What are consumer markets?A consumer market is known to be defined as a kind of market when people purchase products or services for their own specific use, as seen to buying it to sell to others.
Note that Consumer markets is made up primarily of products that individuals use as part of their daily lives
Therefore, Burger king's satisfies are most likely marketed to consumer type of customer market.
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The functions of organizing, staffing, planning, and controlling are most closely associated with:_______.
Managers are most closely connected with the organizing, staffing, planning, and controlling functions.
Who Are the Managers?
We frequently judge managers based on where they are located within an organization. This reveals a little about their function and the nature of their duties. The following graphic highlights historical and modern organizational perspectives on managerial positions (Ghoshal & Barlett, 1999). In the modern view, top managers support and serve other managers and employees (through a process called empowerment), just as the organization ultimately exists to serve its customers and clients, in contrast to the traditional, hierarchical relationship between layers of management and managers and employees.
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Money illusion occurs when:___.
a. the value of moneydisappears.
b. we disregard inflation adjustments for dollar values.
c. the rate of inflation decreases.
d. falling relative prices make consumers feel richer.
The correct answer is b. we disregard inflation adjustments for dollar values.
According to the money illusion theory, people frequently see their wealth and income in nominal dollars rather than understanding its true value, which is adjusted for inflation.
Does money illusion persist throughout time?Money illusion, according to monetarist economists like Milton Friedman, often only happens in the short run, when there is a delay before consumers realize that prices have gone up. A rise in the money supply may temporarily boost actual output because there is a short-term money illusion.
As causes of money illusion, economists point to things like a lack of financial literacy and the pricing rigidity present in many commodities and services.
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How many chargers must be produced and sold if you wish to make a profit of $51760? round up to the nearest whole number.
In order to make a profit of $45389, 7879 charges must be sold. $45389, 7879 is the nearest whole number.
What is Profit/Income function?
The consumption function, often known as the Keynesian consumption function, is a mathematical expression expressing the functional connection between total consumption and gross domestic product. John Maynard Keynes, a British economist, introduced it and said it could be used to monitor and foresee total aggregate consumption spending. The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit. It is equivalent to total income less total expenses, which includes both direct and indirect expenses.
Cost function equals 50500+2.48x
(fixed cost + variable cost).
Income function = 14.65x
Revenue function minus cost function equals profit.
Profit function equals (50500 + 2.48x) / 14.65.
Profit function equals
14.65 x 50500 - 2.48 x,
or 12.17 x 50500.
If x is now 5500,
Profit thus equals
12.17 x 5000 – 5000 = 16435.
Given that profit is 45389, this means that
45389 = 12.17 x 50500 (45389 + 50500) / 12.17
equals 7879.
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Incorrect Question
Companies who hire lobbyists to influence legislation affecting their industries are said to be taking __________ action to affect the publics and forces in their marketing environment.
Companies who hire lobbyists to influence legislation affecting their industries are said to be taking AGGRESSIVE action to affect the publics and forces in their marketing environment.
What is Marketing environment?
The marketing environment is a confluence of internal and external variables that affects a company's capacity to build relationships with and provide for its clients.An organization's marketing environment is made up of both internal and external factors.The internal and external environments of the company make up the marketing environment. While the firm has some control over the internal environment, it has little to no influence over the external environment.The job environment, as well as the general environment and marketing environment. The immediate actors involved in acquiring, distributing, and promoting the offering are included in the task environment.To know more about Marketing environment visit:
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Nielsen gathers consumer insights through a variety of ways, including consumer tracking and panels. which type of research is nielsen engaged in during these examples?
The type of data that Nielsen gathers means that the research that is gathered is online marketing research.
What research does Nielsen gather?The use of consumer tracking and panels having online because consumer panels are located online on websites and social media.
This means that the way that Nielsen goes about gathering its data is by copying online marketing research which calls for the usage of consumer discussions on panels online.
Options for this question include:
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In the product markets of the circular flow model, businesses provide goods and services to the ____________ sector in exchange for consumption spending (or revenues).
In the product markets of the circular flow model, businesses provide goods and services to the household sector in exchange for consumption spending (or revenues).
The circular flow model shows the interaction between two groups of economic decision-makers—households and businesses—and two sorts of economic markets—the marketplace for resources and also the marketplace for goods and services.
In economics, a circular flow model may be a diagram that's accustomed to represent the monetary revenues transactions in an economy. There are two flows present within the model including flow of physical things (goods or labor) and flow of cash (what pays for physical things).
Thus, there aren't any taxes, savings, or investments that are related to other sectors. Four sector model studies the circular flow in an open economy which comprises the household sector, business, government sector, and foreign sector. It is defined because the flow of payments and receipts for goods, services, and factor services between the households and therefore the firm sectors of the economy.
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Which statistical tool is most useful when selecting an allocation base for cost pools?
Correlation is the statistical tool is most useful when selecting an allocation base for cost pools.
Correlation, in the finance and investment industries, is the statistic that helps in measures the degree to which two securities move in relation with each other. Correlations are usually used in advanced portfolio management, computed as the correlation or coefficient, which has a value that must fall between -1.0 and +1.0. Correlation is the statistic that measures the degree to which two variables move with relation to each other. Correlation is closely tied to be in diversification, the concept that have certain types of risk can be mitigated by investing in assets that are not correlated.
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In the hospital's notes to financial statements, total assets of hospital-related organizations required to be disclosed amount to?
The hospital's Financial Statements include notes that list the $20,000 total assets of hospital-related organizations that are required to be disclosed.
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A similar but distinct set of financial statements is used by nonprofit organizations. Financial information is used by investors and financial analysts to assess a company's performance and forecast where the stock price will go in the future.
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Within the relevant range of activity, _____costs remain constant in total. multiple choice question.
a. variable
b. fixed
c. both fixed and variable
d. neither fixed nor variable
Within the relevant range of activity, fixed costs remain constant in total. multiple choice question.
What is fixed costs?The phrase "fixed cost" describes a cost that stays the same regardless of how many products or services are produced or sold. Fixed costs are outlays that a corporation must cover regardless of any particular business operations.
As a result, fixed costs are typically indirect because they don't affect how a company produces any goods or services. In general, businesses might have either fixed expenses or variable costs, which add up to their overall costs. Shutdown points are generally used to cut back on fixed costs.
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Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the _____ of the car-manufacturing firm.
If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the Factors of production of the car-manufacturing firm.
What is Factors of production?
Factors of production can be defined as factors, inputs or resources that contributed to the production of goods and services.
Labor, land , capital as well as entrepreneurship play a major role when it comes to production of goods and service as they are the factors that contributed to the production of goods and services which in turn means that they are essential.
Therefore If Niall is an assembly-line worker in a car-manufacturing firm in detroit. assembly-line workers like niall constitute the Factors of production of the car-manufacturing firm.
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Consider the demand for chewing gum where the demand is perfectly elastic and the supply curve is upward sloping. A decrease in supply will result in?
Considering the demand for chewing gum where the demand is perfectly elastic and the supply curve is upward sloping. A decrease in supply will result in no change in the price of chewing gum.
A price, in general, is the amount of money or other types of recompense that one party offers to another in exchange for the provision of goods or services.
A different term is used to refer to the cost of production in various settings.
If the object is referred to as a "good" in the context of a business transaction, the term "price" refers to the amount of money paid for it.
Finally, consider the chewing gum market, where the demand curve slopes upward and is entirely elastic, whereas the supply curve slopes downward.
The price of chewing gum will not change as a direct result of a decrease in available supply.
Hence, there will be no change in price.
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According to "scientific view of risk", most of the public’s view of risk is ___________ than risk experts.
Answer: different
Explanation:different, not more irrational
The risk that a company may not effectively manage its business and might impair its ability to earn profits is known as?
The risk that a company may not effectively manage its business and might impair its ability to earn profits is known as Business risk. Business risk is the possibility that a company or organization will experience lower profits or fail. Anything that jeopardizes a business' ability to achieve its financial goals is considered a business risk. Business risk can result from the interaction of numerous factors.
Managing Business RiskA company's exposure to risk could ultimately result in decreased sales, revenues, and financial losses. Every day, businesses encounter risks related to doing business in the sector or industry in which they operate.
Although each element that hinders a corporation from operating efficiently or from accomplishing its financial objectives constitutes a business risk, it might be useful to classify them when creating a risk management strategy. Obviously, no strategy can completely eliminate risk, but with careful planning, businesses may identify hazards and take the required action. The two main types of business risks are internal risks and external risks.
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Generally, the payment of an accelerated death benefit is _______ to a recipient if the benefit payment is qualified.
The correct answer is Tax free.
An Accelerated Death Benefit (ADB) enables the holder of a life insurance policy to obtain a portion of the death benefit from the insurer before passing away. The policyholder must typically have a terminal illness with a life expectancy of two years or fewer.
How are benefits for hastened death paid?A lump amount may be provided as part of some hastened death benefits. With a benefit for a terminal disease, this happens more frequently. Payments for chronic illnesses are more frequently made. According to Schelhaas, some accelerated death benefit riders are simple because they pay a specific portion of the death benefit.
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When conducting business in a market of comparative advantage, trading partners will realize:_____.
When conducting business in a market of comparative advantage, trading partners will realize "economies of scale."
What is Comparative advantage?
The ability of an economy to produce a certain good or service at a lower opportunity cost than its trading competitors is known as comparative advantage. The idea of comparative advantage shows how trade may be advantageous for individuals, nations, or companies. Comparative advantage in international trade refers to the goods that a nation can produce faster or cheaper than other nations. Even while this typically illustrates the advantages of trade, a number of modern economists now admit that relying solely on comparative advantages may lead to resource exploitation and depletion in a country.
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What is not a characteristic of good marketing?
a) benefiting the firm
b) benefiting customers
c) benefiting the competition
d) benefiting society
Option c) benefiting the competition is not a characteristic of good marketing.
What is marketing?The term "marketing" refers to the actions a company takes to promote the purchase or sale of a good or service. Marketing activities like sales and advertising are included in the delivery of goods to customers or other businesses. Affiliates will occasionally handle advertising for a company.
Employees in a company's marketing and promotion divisions aim to attract the attention of key target audiences through advertising. Promotions are aimed at specific demographics and may include celebrity endorsements, memorable slogans or taglines, eye-catching packaging or graphic designs, and general media exposure.
Product, price, place, and promotion make up the marketing "Four Ps." The Four Ps together make up the crucial mixture a business needs to market a good or service. In the 1950s, Neil Borden popularized the Four Ps and the marketing mix concepts.
An incredibly wide range of tactics makes up the marketing discipline. The strategies listed below might work better for some businesses than others as the industry is constantly changing.
Thus, benefiting the competition is a foul trait of marketing.
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Suppose a typical worker in india can produce 32 units of product in an eight-hour day, while a typical worker in bangladesh can produce 30 units of product in a 10-hour day. we can conclude that:_________
India probably has a higher standard of living than Bangladesh.
Where do people who work in community health work?Whether they operate in an urban, rural, or mixed community, community health professionals frequently reside in the areas they serve. When resources are scarce or there is a lack of access to high-quality healthcare, there is often a greater need for CHWs in disadvantaged and marginalized populations.
The workplaces that community health workers actually work in are diverse as well. The BLS reports that the most typical areas of employment are individual and family services, governmental organizations, and religious or civic groups. A community health worker (CHW) acts as a bridge between the community and the health care, governmental, and social service systems.
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When a team leader persuades team members to double-check the results of a survey, he is using his __________ to persuade others to follow his orders.
The process of creating a cohesive team—a group of people structured to work together to realize their purpose and goals—from a collection of individuals who each contribute to the team is known as team building.
What is team building?The word "team building" refers to a variety of activities, frequently requiring cooperative work, that are designed to improve social relationships and clarify responsibilities within teams. It differs from team training, which is created by a group of business managers, OD/learning (internal or external), and an HR Business Partner (if the position exists) to increase productivity rather than interpersonal relationships.
Small ocean-going rafts have been constructed by these teams as part of a team-building activity.
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In the context of ascertaining a marketing research problem, the iceberg principle states that _____.
The iceberg concept suggests that when identifying a marketing research issue, managers are typically only aware of a small percentage of the true issue, which is typically merely a visible symptom of a larger underlying issue.
The iceberg principle is what?American author Ernest Hemingway popularized the iceberg theory, often known as the idea of omission, as a writing strategy. Hemingway had to limit his newspaper reporting as a rookie journalist to the most recent events, with little context or interpretation.
He continued to compose short stories in the same basic manner, emphasizing surface details without addressing underlying themes directly. Hemingway thought that a story's greater significance should emerge indirectly rather than immediately clear.
Content marketing and the Iceberg Principle
The core of content marketing is producing, disseminating, and distributing material for an internet audience. The target audience is chosen with care by the content marketer.
What is happening behind the scenes is just as crucial to content marketers as what the material is explicitly saying. Actually, what's happening underneath might be far more significant. The Iceberg Principle is extremely important in content marketing.
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