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1 year ago

Why is it important as a consumer to recognize and understand marketing techniques and strategies?.

1 answer:

8 0

Because marketing strategy helps you stay in sync with your customer base, develop the right products for them, and determine how you communicate information about those products.

It's miles, in brief, an action taken to deliver attention to a business's services; they may be physical items on the market or services provided. not unusual examples of advertising at work encompass television advertisements, billboards on the side of the road, and magazine advertisements.

The significance of marketing for your enterprise is that it makes the clients aware of your products or services, engages them, and helps them make the shopping choice. Moreover, an advertising plan, part of your marketing strategy helps in developing and keeping demand, relevance, popularity, opposition, etc.

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You might be interested in

Imagine that you are the manager of valley skateboard shop. the accountant for the business has delivered the news that sales ar

Gekata [30.6K]

Answer:

what I think is that it should decrease by 50%

Explanation:

why do I think that I think that because every one needs a discount

8 0

3 years ago

Sheffield Corp. has equipment with a carrying amount of $2500000. The expected future net cash flows from the equipment are $254

ololo11 [35]

Answer:

No impairment loss would be reported

Explanation:

The computation is shown below;

Impairment loss = carrying value - recoverable amount

Where,

The recoverable amount would be the higher amount of fair market value and value in use

So the recoverable amount would be $2,545,000

Now the impairment loss is

= $2,500,000 - $2,545,000

= -$45,000

Since the impairment loss comes in negative so no impairment would be recorded

7 0

2 years ago

Pat Jones is a college student who is planning some networking opportunities for the current l semester. Pat wanted to look

DaniilM [7]

Answer:

1. I feel like Pat's new strategy isn't ethical. Pat doesn't pay for the suits; he just buys them and then returns them. Pat benefits, but the store he gets the suits from doesn't. In fact, they are harmed from this transaction because they are unable to have the suit for others to buy while Pat has it. There could be consequences with this strategy. For example, the suit might be damaged, and Pat won't be able to return it. Another problem is that others might find out about Pat's strategy, and they might view them as unprofessional. This is a problem for Pat since the reason Pat wore those suits was to look professional.

2. The stores are harmed from this transaction. They are unable to sell the suits to other buyers. The stores lose potential customers, so the stores lose potential money.

3. The companies should record that Pat had bought the suit only to return it the next day, so that they can act accordingly when Pat or someone else comes back to "buy" a suit.

Explanation:

7 0

2 years ago

Metropolis National Bank is holding 2% of its deposits as excess reserves. Assume that no banks in the economy want to maintain

iris [78.8K]

Answer:

Increase in money supply = $200,000

Explanation:

Note: The given question is incomplete, missing part is as follow:

Metropolis National Bank

Balance sheet

Assets Liabilities

Reserves $60,000 Deposits $500,000

<u> Loans $440,000 </u>

Computation:

Excess reserve hold = 2% × Deposits

Excess reserve hold = 2% × $500,000

Excess reserve hold = $10,000

Required reserve = Reserves - Excess reserve hold

Required reserve = $60,000 - $10,000

Required reserve = $50,000

So,

Required reserve ratio = [$50,000 / $500,000]100 = 10%

Multiplier(K) = 1 / Required reserve ratio

Multiplier(K) = 1 / 10%

Multiplier(K) = 10

Total Money = Person deposit + Excess reserve hold

Total Money = $10,000 + $10,000

Total Money = $20,000

Increase in money supply = Total Money × Multiplier(K)

Increase in money supply = $20,000<u> </u> × 10

Increase in money supply = $200,000

7 0

2 years ago

Which of these is not a cost of quality?

ollegr [7]

The correct option is (c). Design cost is not a cost of quality.

Design-to-Cost (DTC), one of several cost management strategies, denotes a methodical strategy for limiting the expenses associated with product development and manufacture. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.

As a component of cost management strategies, design-to-cost refers to a methodical strategy for reducing the costs associated with product development and manufacturing. The fundamental tenet is that expenses are hard to avoid once they are "built into the product," even from the first concept judgments on.

Learn more about design-to-cost here

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8 0

2 years ago