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leonid [27]
2 years ago
4

Making recommendations, implementing them, and evaluating results take place during which step of the five-step marketing resear

ch approach?
Business
1 answer:
frozen [14]2 years ago
3 0

Making recommendations, implementing them, and evaluating results take place during step 5 (Target marketing actions) of the marketing research approach.

Market research, often known as marketing research, refers to a variety of strategies used to gather data and comprehend a company's target market. Companies make use of this data to create better products, enhance user experience, and create marketing strategies that generate quality leads and increase conversion rates.

Target Marketing Action (Step 5 of Marketing research approach)

The moment has come to present your research and make a decision. Create your inbound marketing initiatives and strategy now. Test your conclusions, then go forward. The main lesson to be learned from this is that even if this cycle of study is completed, more has to be done.

Your study is never finished since the issues, the marketplace, and the trends are ever-evolving. The patterns you identified in your investigation are changing. Regularly reviewing your statistics will help you identify areas for improvement. Your marketing efforts and business will be more effective the more you understand about your buyer profiles, industry, and organization.

Although there are many more processes in the marketing research process than these five essential ones, these will get you started.

To learn more about marketing research

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4 years ago
The following information is available for Robstown Corporation for 20Y8: Inventories January 1 December 31 Materials $351,000 $
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Answer:

                            Robstown Corporation

                Statement of Cost of Goods Manufactured

                  For the Year Ended December 31, 20Y8

Work in process inventory, January 1, 20Y8                               $625,200

Direct materials:    

Materials inventory, January 1, 20Y8    $351,000  

Purchases                                                $658,200

Cost of materials available for use     $1,009,200

Materials inventory, Dec 31, 20Y8        <u>($435,800)</u>  

Cost of direct materials used in              $573,400   $573,400

production  

Direct labor                                                                  $669,000  

Factory overhead

Depreciation expense-factory                 $55,880

equipment  

Heat, light, and power-factory                 $22,060  

Indirect labor                                             $76,000  

Miscellaneous costs-factory                    $9,200

Property taxes-factory                              $18,300

Rent expense-factory                               $32,500  

Supplies-factory                                        $16,000  

Total factory overhead                                                <u>$229,940 </u>

Total manufacturing costs                                                             <u> $1,472,340</u>

incurred in 20Y8

Total manufacturing costs                                                            $2,097,540

Work in process inventory, December 31, 20Y8                         <u>($590,400)</u>

Cost of goods manufactured                                                       <u>$1,507,140</u>

                                      Robstown Corporation

                                         Income Statement

                         For the Year Ended December 31, 20Y8

Sales                                                                                           $3,011,000

Cost of goods sold:

Finished goods inventory, Jan 1, 20Y8              $607,400  

Cost of goods manufactured                              $1,507,140  

Cost of finished goods available for sale        $2,114,540

Finished goods inventory, Dec. 31, 20Y8          ($571,000)  

Cost of Goods Sold                                                                      <u>$1,543,540</u>

Gross Profits                                                                                 $1,467,460

Operating expenses:

<u><em>Administrative expenses:</em></u>

Depreciation expense-office equipment     $43,560  

Office salaries expense                                 $183,300  

Property taxes-office building                       <u>$31,200</u>   $258,060

<u><em>Selling expenses:</em></u>

Sales salaries expense                                  $417,000  

Advertising expense                                     <u>$296,600</u> <u>$713,600</u>

Total operating expenses                                                                <u>$971,660</u>

Net income                                                                                        <u>$495,800 </u>

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3 years ago
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