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1 year ago

What are the three basic categories of consumer goods? Briefly explain each and clearly differentiate among them.

Business

1 answer:

inysia [295]1 year ago

7 0

The three main types of consumer goods are:

durable goods
nondurable goods
services.

Marketing can be regarded as the activity as well as set of institutions, which helps in the establishment of communicating between consumers and manufacturer.

The four basic ideas that combine to represent marketing are:

product
price
place
promotion

The relationship between marketing and the economy is that economy can impact marketers so as to push their products to consumers.

<h3>What is marketing?</h3>

Marketing can be regarded as the activity as well as set of institutions, which helps in the establishment of communicating, as well as delivering of value for customers.

Learn more about consumer goods at:

brainly.com/question/380037

#SPJ1

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Bengal Co. provides the following...Bengal Co. provides the following sales forecast for the next three months: JulyAugustSeptem

svetoff [14.1K]

Answer:

8,955 units

Explanation:

Given that,

Sales in July = 9,500

Sales in August = 10,200

Sales in September = 6,050

Ending finished goods inventory = 30% of the next month's sale

Budgeted production units for August:

= Sales + Closing inventory - Opening inventory

= Sales + (30% of September sales) - (30% of August sales)

= 10,200 + (0.3 × 6,050) - (0.3 × 10,200)

= 10,200 + 1,815 - $3,060

= 8,955 units

7 0

2 years ago

Item 1Item 1 Thomas invests $109 in an account that pays 6 percent simple interest. How much money will Thomas have at the end o

olga nikolaevna [1]

Answer:

Total amount at the end of 4 years = $135.16

Explanation:

A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.

The formula to calculate interest under simple interest method is,

Interest = Principal * Annual Rate * Time in years

Total Interest earned = 109 * 6% * 4

Total interest earned = 26.16

Total amount at the end of 4 years = Principal + Interest

Total amount at the end of 4 years = 109 + 26.16

Total amount at the end of 4 years = $135.16

5 0

2 years ago

During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liabili

bonufazy [111]

Answer:

(1) accrue salaries expense

Debit [e.] Salaries Expense

Credit [g.] Salaries Payable

--------------------

(2) adjust the Unearned Services Revenue account to recognize earned revenue

Debit [a.] Unearned Services Revenue

Credit [f.] Services Revenue

--------------------

(3) record services revenue for which cash will be received the following period.

Debit [b.] Accounts Receivable

credit [f.] Services Revenue

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2 years ago

Shelby is looking to purchase a new car. She knows from her marketing class, that she should research the different models she i

MaRussiya [10]

Answer:

This example shows that one of the reasons to study marketing is that it is a part of everyday life.

Explanation:

Marketing can be defined as the process through which products reach from concept to the customers. It involves the process of studying, observing and understanding the market. Market research is done to understand the needs of consumers.

There are a number of reasons it is beneficial to study marketing. For instance,

We often come across marketing in daily life.
Marketing graduates get a good salary.
There is always a demand for marketing experts.
It is a diverse career choice and provides jobs in a number of fields.

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2 years ago

in a revenue management system, forecasting, allocation, overbooking, and pricing must work in unison if the objective is to:

sineoko [7]

In a revenue management system; the forecasting, allocation, overbooking, and pricing must work in unison if the objective is to maximize the revenue generated by a perishable asset.

<h3>What is a revenue management system?</h3>

Basically, a revenue management system refers to a system that analyzes the combination of competitor rates, historical rates, market dynamics and inventory levels to predict demand and provide rate recommendations. A very good revenue management system will always automate the entire process and generate rates that can maximize revenue and profitability.

One of the example of use of Revenue Management is employed in the businesses of Hotel Management and the Airline Industry. The primary source of most revenue for hotels is found in their room rates and the revenue generated from the bookings is a simple multiplication of price and volume booked.