All categories

2 years ago

Anything that an organization offers to satisfy consumer needs and wants, goods, and services is_______________.

Business

1 answer:

o-na [289]2 years ago

7 0

Anything that an organization offers to satisfy consumer needs and wants, goods, and services are Products.

Consumer needs drive a person to seek out and pay for a good or service that meets their wants. The necessity is what motivates the purchase decision. Sales will increase when a company becomes more adept at identifying these demands and providing goods and services that address them.

The physiological need for survival as well as sentiments of security, belonging, esteem, and self-actualization are examples of consumer needs. When choosing a product or service, consumers should consider pricing, functionality, convenience, correct information, transparency, easy communication, and other aspects. An entrepreneur or small business must take into account four primary customer needs. These include cost, the standard of living, selection, and ease.

To know more about customer needs refer to: brainly.com/question/28104499

#SPJ4

You might be interested in

A company with technical support staff in another country mostly benefits from changes to:_______.

ANEK [815]

Answer:

a. regulations.

Explanation:

A company with technical support staff in another country mostly benefits from changes to regulations because regulation and compliance requirements affects businesses particularly during the phase of startup. For example developed economies have very stringent data protection laws which could be expensive to implement but you can choose a developing country with lax data protection laws to avoid certain expenses.

4 0

4 years ago

Read 2 more answers

A firm sells two products, Regular and Ultra. For every unit of Regular the firm sells, two units of Ultra are sold. The firm's

Umnica [9.8K]

Answer:

break even rate = $31000

ultra break even point = $62000

Explanation:

given data

total fixed costs = $1,612,000

solution

WE FIND HERE FIRST contribution margin that is

contribution margin for regular per unit = $20 - $8

contribution margin = $12

and

contribution margin for ultra = $24 - $ 4

contribution margin for ultra = $20

so if 1 unit of regular is sold

2 unit of ultra will sold here

contribution margin is here

contribution margin = ( $12 × 1 )+ ( $12 × 2 )

contribution margin = $52

and

break even point at commposite rate = total fix cost ÷ contribution margin rate at commposite rate

break even rate = $\frac{1612000}{52}$

break even rate = $31000

and

ultra break even point = 31000 × 2

ultra break even point = $62000

4 0

3 years ago

Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac

ValentinkaMS [17]

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

7 0

3 years ago

the ending retained earnings balance of lambert inc. increased by $2.6 million from the beginning of the year. the company's net

S_A_V [24]

The amount of dividends Lambert Inc. declared and paid is $5.2 million.

<h3>What is dividend?</h3>

A dividend refers to the sum paid to people who invest in a company, at the end of the financial year. In other words, it is a reward paid to the shareholders for their investment in a company's equity.

We know that:

Closing retained earnings

= Opening retained earnings + net income earned - dividend paid

Then,

The ending Retained Earnings balance of Lambert Inc. increased by $2.6 million from the beginning of the year

Also, net income earned during the year is $7.8 million

Hence,

Dividend paid

= -$ 2.6 million + $7.8 million

= $5.2 million

With regards to the above, the amount of dividends Lambert Inc. declared and paid is $5.2 million.

Learn more about dividend here: brainly.com/question/13991661

#SPJ1

4 0

2 years ago

On its income statement for a recent year, American Airlines Group, Inc., the parent company of American Airlines, reported a ne

just olya [345]

Answer:

Find explanations below:

Explanation:

It must be understood that cash flow does not necessarily imply profit or loss.

A company may have been experiencing positive cash flows due selling mostly on a cash basis, whereas the price charged is lower than cost of per unit,hence it would have high amount of cash, whereas the bottom-line is nothing to write home about.

The cash paid on retirement which is $411,000 would impact financing activities as an outflow.

The $3000 unamortized discount would be deducted from net income

3 0

4 years ago