Because marketing strategy helps you stay in sync with your customer base, develop the right products for them, and determine how you communicate information about those products.
It's miles, in brief, an action taken to deliver attention to a business's services; they may be physical items on the market or services provided. not unusual examples of advertising at work encompass television advertisements, billboards on the side of the road, and magazine advertisements.
The significance of marketing for your enterprise is that it makes the clients aware of your products or services, engages them, and helps them make the shopping choice. Moreover, an advertising plan, part of your marketing strategy helps in developing and keeping demand, relevance, popularity, opposition, etc.
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Answer:
Profit leverage effect. The explanation of this question is given below in explanation section.
Explanation:
<u>Profit leverage effect</u> holds that $1 in cost savings increases pretax profits by $1, while a $1 increase in sales increases pretax profits by only $1 multiplied by the pretax profit margin.
The profit leverage effect is about reducing operating expenses that is more efficient than increasing sales. It is situated at the start of the production process of a service or product, the procurement stage is in an excellent position to reduce overall costs, especially in the short term. This is why companies often resort to reducing headcount when they run into financial difficulties. Reducing operating costs is the fastest way to produce a short-term impact on the bottom line. A dollar saved in purchasing almost always has a greater impact on profit than a dollar increase in sales. However, it is remember that, only a small portion of each sales dollar makes it to the bottom line. The rest is spent on the costs of doing business—e.g., cost of administrative, goods sold, logistics, and marketing costs. These costs must be deducted from each sales dollar to determine its contribution to operating profit (it is also known as, earnings before interest and taxes). By contrast, every dollar you save through purchasing goes straight to operating profit.
Consumers complaints would most likely result in
"<span>
a modification of the sales presentation".</span>
Sales
Orientation is an approach in business which is
focused on profit by concentrating on influence of individuals to purchase to
the items as opposed to understanding the client needs. Stress is laid on
publicizing and enhancing the capacities of the sales force. The item and the production
limit go before the client.
Answer:
1. (e) Salary
2. (a) Cost
3. (f) Net pay
4. (b) Employee benefits
5. (d) Rewards
6. (c) Deduction
7 . (g) occupation
Explanation:
Salary refers to the consideration paid periodically for the services received from an employee.
Cost refers to the price which is incurred or paid to own, possess, manufacture or attain something.
Net pay refers to the gross pay less tax deductions and provident fund contribution, which the employee actually receives or in hand, take home salary.
Employee benefits refer to staff welfare schemes, the provident fund contribution by the employer, employee health insurance and retirement benefits.
Rewards refer to incentives and commission which are paid in addition to the salary, as a means for employee motivation and to appreciate employee's good performance.
A deduction refers to tax deductions and other contribution deductions which are subtracted from the salary. For e.g the amount deducted for the conveyance provided to employees by the employer.
Occupation refers to an activity or work which generates income and serves as a means of earning a living.
Answer:
Suppose real GDP is $14 trillion and potential real GDP is $14.4 trillion. An increase in government purchases of $400 billion would cause real GDP to ___equal_____ potential real GDP (assuming a constant price level).
Explanation:
The real Gross Domestic Product (GDP) is the inflation-adjusted estimate of all output produced by the US economy in the current year. On the other hand, the potential real GDP of the United States is the estimate of the inflation-adjusted output that the US economy would produce in the coming period, using its capital and labor resources.