Rent-to-buy (RTB) rents medical equipment to its customers offering them the option of converting rentals into eventual purchases. The company is looking to understand better its X-ray machine rental operations. Here are some measures of their current operations. For X-ray machines, RTB signs 100 new leases every month. Each lease lasts a period of 3 months. Customers return the X-ray machine to RTB upon the completion of 3 months. In addition to those in circulation (i. e., X-ray machines that are currently with customers), RTB holds about 150 X-ray machines in storage. 1. On average, how many X-ray machines does RTB own?
2. Some of RTB’s customers purchase their X-ray machines at the end of their lease. On average, RTB sells 220 X-ray machines every month to end-of-lease customers. RTB immediately replaces them by purchasing new units. On average, how long does RTB own a machine?

marketing strategies should be established before marketing objectives are decided. t/f

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Describe a real or made-up but possible example of a situation where an employee faces a conflict of interest. explain at least two things the company could do to make sure the employee won't be tempted into unethical behavior by that conflict of interest. (3.0 points)