A promotion's capability that is used to enable customers know about the new products or brands that a firm offers is: to inform.
<h3>What is Promotion in Marketing?</h3>
Promotion in marketing can be described as a marketing communication tool that is employed as a strategy in order to inform a target audience about the relative benefits that they could derive from a good, service, or brand.
In nature, promotion is mostly persuasive. It attempts to let customers know more about a new product that is offered in the market by a firm by informing them.
Thus, we can state that a promotion's capability that is used to enable customers know about the new products or brands that a firm offers is the ability: to inform.
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Answer:
Explanation:
The meaning of terms is shown below:
Direct material: The material which is directly related to the production process of the product is known as direct material
Direct labor: The labor who are engaged in production process of the product plus their wages is known as the direct labor
Manufacturing overhead: All the indirect cost related to manufacturing is known as manufacturing overhead i.e depreciation on factory equipment, the salary of supervisor etc
The categorization is given below:
a. Windshield - direct materials
b. Engine - direct materials
c. Wages of assembly line worker - direct labor
d. Depreciation of factory machinery - manufacturing overhead
e. Factory Machinery lubricants - manufacturing overhead
f. Tires - direct materials
g. Steering wheel - direct materials
h. Salary of painting supervisor - manufacturing overhead
Answer:
Option D. The lender is concerned with the loan applicant's need of financial assistance.
Explanation:
The reason is that the lender wants to know where the money the borrower will spend in order to have surety that the money will invested somewhere which will generate value above the amount of interest the person owes to the bank. If a person wants a loan of $500 from you because he wants to use that money in gambling then I am 100% sure if you are a wise person then you will not lend your friend $500. Bank is interested in following questions:
What is your credit number?
What is your Income?
For what purpose you require a loan?
Answer:
If the U.S. government decided to regulate the prices of airline tickets to keep them from falling when the economy is weak, there would tend to be a <u>SUPPLY SURPLUS</u> of airline tickets in the market and this would likely <u>DECREASE</u> the profits of U.S. airlines.
Explanation:
In order to regulate the prices of airline tickets, the government will most likely impose a binding price floor, which means setting up a minimum price. The problem is that since the price floor is above the equilibrium price, then the quantity supplied will increase (as price is higher) but the quantity demanded will decrease (since the price is too high).
A price floor always results in a loss of economic efficiency resulting in a deadweight loss that hurts both suppliers and consumers. Suppliers will offer more services increasing their costs, while consumers will stop flying.
Answer:
When there is a tax or other restrictions imposed by the government on the manufacturer of cigarette then this will increase the cost of production of cigarette and fall in the consumption of cigarettes. Thus, as a result the supply of cigarettes decreases and demand for cigarette also decreases. This will lead to shift the demand curve and supply curve leftwards. This shift decreases the equilibrium quantity of cigarettes but effect on equilibrium price is ambiguous because it will be depend upon the magnitude of the shift of demand and supply curve.