Answer: B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
Explanation:
The options for the question are:
A) research and validate marketing opportunity, identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
B) identify business needs, segment total market, profile target customer segment, research and validate marketing opportunity
C) profile target customer segment, identify business needs, segment total market, research and validate marketing opportunity
Market targeting simply has to do with selecting target market from whole market and it should be noted that target market are the people that company or organization wants to satisfy.
In the scenario above, the first thing is to identify business needs. Every successful company has to identify its business needs. After then, market segmentation takes place and this is when potential customers are being divided into segments or groups as a result of the features they possess like location and interests.
After then, the target customer segment are being profiled. This is done in order to know more about the customers and to also tailor the products towards the requirements of the segments. Lastly, the marketing opportunity is being researced and validated.
4. An entrepreneur makes a part used in the auto industry that he sells for $2.65 each Yearly sales of
this part have been 20,400 a year for the last three years. The customer has cut production and has
reduced its purchase of these parts by 35 percent. How much yearly revenue will the entrepreneur
lose as a result?
Answer:
$18,921
Explanation:
The price per part is $2.65.
yearly sales have been 20,400 units.
Production has been cut by 35%; the entrepreneur will sell less than 20,400 units.
new sales volume will 20,400- (35% of 20,400)
=20,400 units- 7,140 units
=13, 260 units
Sales will decrease by 7,140 units. in Monetary value, the reduction will be
=7140units x $2.65
=$18,921
Revenue lost = $18,921
Materials derived from natural resources clearly defines which of the following?
A.Processed goods
B.Raw goods
C.Finished goods
D.Intangible goods
Answer:
B.Raw goods
Explanation:
Natural resources are useful materials extracted from the earth for use in the production of other goods. The extracted materials are refined into final products or used as raw materials to make other goods. For example, gold and oil are extracted and refined into marketable products. Water and wood are raw materials used in producing paper.
Natural resources come from nature. They are extracted raw and processed into other products or used as raw materials to produce other goods.
A.J. And April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA counselor's warnings about the importance of having balanced experience, that is, marketing, finance, and personnel experience in the computer-store business because
Answer: about two out of three small firms close within five years of their founding
Explanation:
According to a research that was done, it was found that out of three small firms, two close within the first five years they were established.
The reasons that were said to have caused this failure were funding challenges, faulty business model, inadequate management team and marketing initiatives that were unsuccessful.
Therefore, small business owners sgoutd try as much as possible to curtail risks that could possibly lead to the downfall of the business and also make sure the consumers are willing to purchase the product at the price given and that the product satisfies their needs.
An increase in the price of peanut butter will:
a. Cause the demand curve for jelly to shift to the left.
b. Cause the demand curve for jelly to shift to the right.
Oc. Cause the demand curve for peanut butter to shift to the right.
Od. Cause the demand curve for peanut butter to shift to the left.
Answer:
a. Cause the demand curve for jelly to shift to the left.
Explanation:
Peanut butter and jelly are complementary goods. These are products manufactured and sold independently but used together. Complimentary goods give higher utility to customers when used in conjunction.
Complementary goods have a joint demand. If the demand for one product increases, demand for the other good also rises. An increase in the price of butter results in a reduction in its demand. The demand for butter will experience movement along the demand curve.
Jelly will also experience reduced demand as a result of a decline in the demand for peanut butter. Because the reduced demand for jelly is for reasons other than a price change, the demand curve for jelly shifts to the left.
If there is an increase in the price of peanut butter, this will b. Cause the demand curve for jelly to shift to the right.
Relationship between Peanut butter and jelly. They are known as complementary goods. They are used together so price changes to either will affect the other as well.With the price of peanut butter increasing, less people will want to buy it. Those people who don't want to buy it will also not want to buy jelly which would lead to the demand curve for jelly shifting left.
In conclusion, option B is correct.
Find out more about complementary goods at https://brainly.com/question/1354329.
Cupola awning corporation introduced a new line of commercial awnings in 2018 that carry a two-year warranty against manufacturer's defects. Based on their experience with previous product introductions, warranty costs are expected to approximate 3% of sales. Sales and actual warranty expenditures for the first year of selling the product were:
Answer and Explanation:
1. Yes, this situation represents a loss contingency.
The occurrence of warranty liability is probable and the amount can be reasonably estimated so it represents a contingent liability.
2.
a. Accounts receivable Dr, $5,780,000
To Sales $5,780,000
(Being the sales is recorded)
b. Warranty expense Dr, $173,400 (5,780,000 × 3%)
To Estimated warranty liability $173,400
(Being the warranty expense is recorded)
c. Estimated warranty liability Dr, $38,500
To Cash, wages payable, parts and supplies, etc. $38,500
(Being cash paid is recorded)
3 .Liability = $173,400 - $38,500
= $134,900
Prepare a net worth statement for Ben Lingo based on this information: He owns a car worth $2,000, but owes $1,500 on it at the bank. Ben has $150 in his savings and $82 in his checking account. His personal property inventory totals $1,200, and he also owes $80 to his credit union.
Answer:
Ben Lingo's Net Worth Statement:
Assets:
Cash $82
Savings $150
Car $2,000
Inventory $1,200
Total Assets = $3,432
Liabilities:
Car loan $1,500
Credit Union loan $80
Total Liabilities = $1,580
Net Worth = Total Assets - Total Liabilities
= $3,432 - $1,580
= $1,852
Job satisfaction can be lost for all of the following reasons EXCEPT:
a.
Lack of opportunities for promotion
b.
Bickering with co-workers
c.
Being recognized for a job well done
d.
Having little or no say in decisions that affect you
Answer:
Being recognized for a job well done
Explanation:
The cost of a postsecondary education increases with the length of time involved in the program. O True or False NEXT QUESTION O ASK FOR HELP
Answer:
true
Explanation:
In order to improve the cash flow of the company, neal emerald decided to postpone depositing all employment taxes a few months ago. he told his sales manager, " i’ll pay up before the irs catches up with me." what risks does emerald face by not upholding his responsibility for the collection and payment of employment taxes? is this ethical if he indeed does pay before he gets caught? why or why not?
The correct answer to this open question is the following.
No, it is not ethical.
The risks that Emerald faces by not upholding his responsibility for the collection and payment of employment taxes is that, first of all, this is not correct. He has an obligation, a moral and a fiscal obligation to report on time the employment taxes. That is why his actions are not ethical although he indeed does pay before he gets caught. That decision could be a business decision to buy some time and trying t fix other problems, but a true leader does not need to cover things with wrongdoings. What can of example is he showing to his employees?
Later on, on another occasion, he won't have the moral authority to demand ethical behavior from his employees. He is not setting an example.
In two or three sentences, explain why real GDP per capita does not reflect the actual distribution of wealth.
Answer:
Real GDP per capita shows the level of output in a country divided equally by the number of people living in a country. But, in reality, output may not be distributed equally among everyone in the country.
Explanation:
One of the roles of the US government is to ensure that the country is financially stable. Which of the following is the term for the government’s power to spend and tax? Select one: a. Fiscal policy b. National debt c. Expansionary policy d. Contractionary policy
Answer:
Fiscal policy
Explanation:
Fiscal policy refers to the actions of governments of adjusting taxation and spending to influence economic direction. The governments aim at maintaining stable prices and steady economic growth. Though several agencies, the state monitors economic indicators and adjusts its spending and taxation accordingly.
The fiscal policy combines with monetary policy to achieve the desired effects. In times of recessions, fiscal policy is used to stimulate economic growth.
Question 7
1 pts
The Cracked Pot Potteryware company decided to sell its coffee mugs
in the local espresso shops. What type of marketing decision was this?
A. price
B. place
C. promotion
D. product
Answer:
D product
Explanation:
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What does the term “smalling up” mean, according to white? What ways have you or people you know had to “small up”? If you haven’t, what ways could you?
Instead of buying what she would normally buy White purchased a smaller item and would save money over time to eventually make a higher purchase. I normally buy starbucks but now I make coffee at home and save that money to buy a car.
As the term “smalling up” mean, according to white to make the amount as the way that they spend their money.
What are white people?Greco-Roman archaeology and other historical or historical texts occasionally refer to inhabitants as "White" in relation to their skin tone, predating this idea, but these cultures had no concept of a White or pan-European race. In the latter seventeenth century, the phrase "White race" or "White people," which refers to their pale complexion among several other physical traits, reached the major European languages.
White mentions "smalling up," which is steering clear of things you don't need to save money, and "bridgework," which entails accepting employment that may under your skill level or pay grade. White made a smaller expenditure than she would have ordinarily done in order to save money for a larger one in the future.
Learn more about white people, here
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Why is it critical to get the price "right" on a new product?
Answer:
Since the product is new, the consumers wouldn't have any method to compare the price with the ones that created by other companies. This created a situation that make the consumers doubt whether they make a correct economic decisions if they purchase the product.
This is why it's important to get the price 'right'.
The company need to ensure that the price represent more value for Consumers compared to the money that they have to sacrifice to obtain it.
When people are injured in a car accident, they need an auto insurance representative to help them
A.file a claim
B.prepare a lawsuit
C.arrange for physical therapy
D.find a policy
Answer:
im pretty sure its A. file a claim
Explanation:
Facial expressions aid in all of the following EXCEPT?
O Setting the tone of the conversation
O Providing feedback
O Providing clues of audience comprehension
Breaking through the stress in the room
Answer:
Breaking through the stress in the room
John Jacobson entered into a contract with Spring Water Drilling, Corp to drill and install a spring well system that would produce a specified quantity of water each month. After the system was installed, it was unable to meet the water volume production level specified in the contract. Jacobson has initiated a lawsuit against Spring Water. Would this dispute be resolved using the Uniform Commercial Code?
Answer:
UCC rules apply for transactions involving goods, banking and loans. It does not include real estate transactions, employment transactions nor service transactions.
In this case, Jacobson engaged in a contract with Spring Water and that contract involved the performance of a drilling and installation service. The key aspect here is that Spring Water is not selling a spring well, it is drilling one.
Services are not covered by UCC rules, therefore, this dispute cannot be resolved using the UCC.
What should you bring to an interview? When should you arrive at the interview? How should you act at the interview?
Answer:Arrive at the interview about 30 minutes before hand just in case you go in early or if they have to push it back. At an interview just act like yourself, don't try and be someone your not just to wow the person. And what to bring to an interview? well your paperwork if they gave you any, your phone if you need to put something in your calendar right then and there or add someone's number.
Explanation:
who knows where you cant get your mom to stop yelling
Answer:you cant my parents do the same
Explanation:
theres no help
Answer:
if u mom yells at you for a certain (for example if she yells at u for not cleaning up then u should maybe clean so she wouldn't have to yell at u for that reason)
Explanation:
tutor can be inexpensive or possibly free t or f
Answer:
T true on e2020
Explanation:
Answer:
True
Explanation:
I took the test and got a 100%
If scientists discover that eating bacon reduces cholesterol levels:
a. The demand for bacon will increase.
b. The demand for bacon will decrease.
c. There will be fewer pounds of bacon consumed.
d. There will be no effect on the consumption of bacon.
Answer:
a. The demand for bacon will increase.
Explanation:
Scientists and other experts are known to influence customer perceptions of consumer products. Many customers make buying decisions based on expert opinions and reviews, which can greatly impact sales.
If scientists say that eating bacon reduced cholesterol, consumers' perceptions of bacon will change. Since this is positive or desired news, customers will increase bacon consumption. Bacon will attract many new customers, which will lead to an increase in its demand.
Evaluate this topic idea:
“Teachers gave 18.5% more homework in 2007 than in 2005.”
a.
The topic is satisfactory
c.
The topic is too narrow
b.
The topic is too broad
d.
This is a thesis statement
Answer:
C. The topic is too narrow
hope this helps! :)
An academic evaluation of the topic, “Teachers gave 18.5% more homework in 2007 than in 2005” shows that d. This is a thesis statement.
What is a thesis statement vs a narrow topic?A narrow topic lacks breadth, making it impossible for a meaningful discussion of the topic.
A topic should have some breadth, with the thesis statement narrowing it down to a manageable length.
A thesis statement states the author's position on the topic.
Thus, an evaluation of the topic, “Teachers gave 18.5% more homework in 2007 than in 2005” shows that d. This is a thesis statement.
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who likes this hair style ii think imma get it?
Requires a medical diagnosis
People with hyperopia must squint to see nearby objects. Reading, writing, computer work or drawing for long periods of time may cause eye strain and headache.
Why do you think the graphic designer might have a hard time seeing eye to eye with a copywriter. Help me please!!
Answer:
A graphic designer focuses on the visual marketing of yhings/services. A copywriter sales with the power of words
ps: you should look up Dan Lok copywriting.
You are a consultant helping to turn around a factory that hasn't adapted to modern manufacturing standards. They receive several truckloads of raw materials each day, which are recorded by hand in a logbook kept at the loading dock. Each of the salesmen keeps a running tally of orders and files them in the sales office. The deliveries are made once a truck is filled. What aspects of this factory can be significantly improved by introducing an EPR (enterprise resource planning) system?
environmental management
sales and revenue
human resource management
equipment maintenance
Answer:
use of modern technology
Explanation:
to make work and tallying
easy
Answer:Sales and revenue
Explanation:
This is standard business marketing
Cameron's job is to look over the every department in the company to
make sure the company is running effectively. What is Cameron's career?
Chief Financial Officer
O Chief Executive Officer
Chief Execution Officer
O Chief Focal Officer
Answer:
O Chief Executive Officer
Explanation:
The chief executive officer, commonly abbreviated as CEO, is the most senior officer in a company or an organization. The CEO is responsible for creating and implementing the organization's strategic goals. He or she plans, incorporates, and steers all business units and departments in the desired direction.
The CEO is responsible for the overall prosperity of the company. He or she is tasked with making top-level managerial decisions on behalf of the organization.
The amount of a market that a producer controls is called market share. How is market share related to pure competition?
Answer:
pure competition ids defined as a market structure with many fully informed buyers and sellers in an identical producer and ease of entry. if there were more market shares, there would be more competition.
Explanation:
yo my old account got disable so i'm on this account plz help me get back up to the top
What are the opportunities of an entrepreneur
Using open body language helps send which kind of message?
Positive
Negative
Aggressive
Passive
Explanation:
positive there you goo
Answer:
Positive
Explanation:
Body language is a mix of gestures, postures and expressions. Use it to improve your communication with others. This also helps seem more engaged