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1 year ago

The universal functions of marketing are performed in the same way in all nations and economic systems. false true

1 answer:

6 0

The universal functions of marketing are performed in the same way in all nations and economic systems. This is false.

<h3>How to illustrate the information?</h3>

A consumer economy is driven by marketing, which promotes goods and services and focuses on people who are most likely to make purchases. More sales for a company that uses effective marketing techniques lead to expansion, the creation of jobs, increased tax revenue for governments, and eventually, general economic growth.

The seven components of marketing include distribution, market analysis, price setting, financing, product management, advertising outlets, and product-to-consumer matching.

In this case, the universal functions of marketing are performed in the same way in all nations and economic systems. This is false. It should be noted that different economic system has its own role to play in the market. The economic systems are capitalist, socialism, and mixed economy.

Learn more about marketing on:

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Jane's aunt wants a cashmere blanket to put over her legs when she watches television from her favorite chair. Jane could drive

Lunna [17]

Answer:

Explanation:

There is a trade off between time spent in travelling and engaging into some other activity.

In Economics, Opportunity cost refers to the next best alternative. It represents the foregone benefits of an activity sacrificed in return for another activity.

In the given case, Jane is willing to pay extra online than travel all the way and get the blanket at a much cheaper rate. By doing so, Jane has saved time as well as energy which would've been spent in 50 miles drive.

Consumer decision making process involves the whole process between a consumer identifying his need and ultimately making the purchase.

The given case corresponds to the influence of available time or the time constraint which affects consumer decision making process.

4 0

3 years ago

Yakov is skilled at making both bracelets and necklaces. Yakov has no preference between making bracelets or necklaces since he

weqwewe [10]

Answer:b. It shifts to the left

Explanation:

The supply will increases as price increases and vice versa. When the price increases and supply also increases the supply curves shifts to the right and when the price decreases and supply equally decreases supply curves shifts to the left.

In the above scenario since bracelet and necklace are exclusive products the sellers will be willing to supply more of necklace since the price has increased and less of bracelet since the price has fallen and the fall in price which leads to fall in supply of bracelet will shift bracelet supply curves to the left.

6 0

4 years ago

You have 40 years left until retirement and want to retire with $5 million. Your salary is paid annually, and you will receive $

Marat540 [252]

Answer:

16.67%

Explanation:

Calculation to determine what percentage of your salary must you save each year

First step is to calculate the Annual savings

Annual savings=$5 million*[(10%-3%)/(1+0.1)^40-(1+0.03)^40]

Annual savings=$5 million*0.07/(1.1^40-1.03^40)

Annual savings=$8333.88

Now let determine the percentage of the salary you must save each year

Proportion of savings=$8333.88/$50,000

Proportion of savings=0.1667*100

Proportion of savings=16.67%

Therefore the percentage of your salary that you must save each year is 16.67%

5 0

3 years ago

Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota

UkoKoshka [18]

Answer:

The correct answer is 2.39

Explanation:

TOTAL WAGES AND SALARIES = $433,000

DEPRECIATION = $160,000

OCCUPANCY = $169,000

TOTAL = $762,000

here for calculating the activity rate for activity cost pool , we will only use the given percentages of wages and salaries, depreciation and occupancy in the activity cost pool -

Amount Activity cost pool Amount allocated

Wages $433,000 20% $86,600

Depreciation $160,000 10% $16,000

Occupancy $169,000 10% $16,900

TOTAL $119,500

Cost driver machine hours 50,000

Rate per machine hour $119,500 / 50,000

2.39

Therefore the activity rate for activity cost pool is 2.39

4 0

3 years ago

When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by?

schepotkina [342]

When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.

<h3>What is Net operating income?</h3>

Net income in business and accounting is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period..

Net Operating Income, or NOI for short, exists a formula those in real estate use to quickly calculate the profitability of a particular investment. After deducting essential operational costs, NOI calculates the revenue and profitability of investment real estate property.

By deducting all annual expenses from income, the NOI formula determines how profitable a potential investment property is over the course of a single year.

After all costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses.

Net income, on the other hand, represents the profit remaining after all costs incurred in the period have been subtracted from revenue generated from sales.

Hence, When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.

To learn more about Net operating income refer to:

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4 0

2 years ago