The promotional tool that stimulates consumer purchasing interest with the help of using short-term activities such as displays and trade shows is<u> sales promotion</u> programs.
<h3>What do you mean by sales promotion?</h3>
Sales promotion applications are designed to complement private selling, advertising, public relations, and different promotional efforts. Sales promotions can take vicinity within and outside of the company.
Therefore, The promotional tool that stimulates consumer purchasing interest with the help of using short-term activities such as displays and trade shows is<u> sales promotion</u> programs.
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Answer:
<em>For Year 2 and Year 1 the revenue to assets ratio is: </em>
<em>a. Year 2, 9.52; Year 1, 6.90</em>
Explanation:
<em>Year 2 Sales were equivalent to:-</em>
= 5,000,000 / (450,000 + 650,000) / 2 ]
= 9.52
<em>Year 1 Sales were equals to:-</em>
= 3,500,000 / [(565,000 + 450,000) / 2 ]
= 6,90
Answer: See explanation
Explanation:
Annuities are referred to as the loans that one would have to pay back over a period of time with a particular interest rate. It should be noted that annuities have consistent payments for the period that the loan will be paid back. An example of annuity is the car loan or the mortgage.
For a level principal loan, it should be noted that the principal payment will remain constant and won't change while there'll be a reduction in the interest rate over the period that the loan will be paid back. This means that there will be w reduction in the payments as the time progresses.
Answer:
(C) Nonrivalry and nonexcludability.
Explanation:
Nonrivalry:
This simply means that when a good is produced and consumed by the consumers, it does not lower the quantity available for other consumers. It's supply is not affected by other people's consumption.
Nonexcludability:
This means that when a good is produced, it is not possible to stop others from using or benefiting from it. The good is always available to all.
Answer:
The total fixed costs must be:
$36,000.
Explanation:
a) Data and Calculations:
Contribution margin ratio for the new product = 0.2
Target operating income = $60,000
Targeted sales volume in dollars = $480,000
Fixed costs = targeted sales volume in dollars multiplied by contribution margin ratio, minus target operating income
Fixed costs = ($480,000 * 0.2) - $60,000 = $36,000
b) The focus should be on the break-even formula for dollar sales with a target profit. When the formula is reversed, the fixed costs can be calculated as shown above.