After the segmenting and defining their target markets, the next step that the retailers should take into consideration is the type of goods that they are going to sell. This answers the question, "What?" For example, being located near the schools, their target market are the students and they should also consider what type of goods are the students mostly in need of.
Answer:
C
Explanation:
They sell shares at a price to investors. They then use these funds to help grow their business and in turn pay dividends to shareholders
Answer:
110,000 units
Explanation:
<u>Calculation of the equivalent units of production for materials in June</u>
Beginning work in process 20,000
Units started and completed (90,000-10,000) 80,000
Ending work in process <u>10,000</u>
Equivalent units of production for materials for June <u>110,000</u> units
Answer:
Yes
Explanation:
Pricing plays an essential role for a product and organisation. At a very basic level, an organisation exists to make profit. A price must cover the cost of a good sold.
Pricing also plays a role in the perception of a product (marketing mix). For example, an Apple product is not cheap because of some perceived value of the product.
Another reason why pricing is integral is in times of competition, it may be worthwhile to use price to take market share from competitors.
Answer:
It will take approximately 55 years
Explanation:
<em>The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years</em>
FV = PV × (1+r)^(n)
FV= 50,000, PV = 4,000, n-?, r- 5%
50,000 = 4,000 × (1.05)^n
divide both sides by 4000
12.5 = 1.05^n
n= log 12.5/log 1.05
n = 51.8
The number of years = 51.8 + 3 years
=54.767
Approximately 55 years
It will take 55 years
