Answer: 12.5 times
Explanation:
The accounts receivable turnover tells you how effective your company's collection mechanism is.
Accounts Receivable turnover = net credit sales/accounts receivables
= 8500000/600000+760000 = 12.5 times.
.Answer:
A. customer classification
Explanation:
Classification of consumers is the process of grouping customers according to shared traits. Customers in the same group will share some common characteristics that a business can use to serve them better. In customer classification, the firm seeks to identify the common traits that make customers have similar buying patterns.
The manager in the clothing brand has identified traits he can use to classify the target customers into four groups. He has applied customer classification. If he subdivides each group by specific attributes such as age, gender, or other similarities, he would be doing customer segmentation
Other than directly observing the market most companies get their market research from newspaper advertorials and trusted research vendors .
<h3>
Newspaper advertorials </h3>
An advertorial is a form of advertisement in a newspaper, magazine or a website which involves giving information about the product in the form of an article. Usually, a brand pays the publisher for such an article.
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Trusted research vendors </h3>
A market research vendor can provide insights on the best research design for your needs, based on years of experience. They may also have research panels to help you access your target audience most economically and experienced people to conduct interviews or focus groups.
Learn more about newspaper advertorials and trusted research vendors here :
brainly.com/question/15554322
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Answer:
TRUE
Explanation:
The CEO
's belief that he has placed his firm in a slow-cycle industry where <u>concerns about protecting unique competencies dominate concerns about market share,</u> is true
Basically, the CEO operates in a niche market as is reported in the scenario
<u>Niche marketing refers to competing within a narrowly defined market segment with a specialized offering.</u>
Most small businesses are generally not niche marketers; they simply have a very small share of a large segment <u>whereas niche marketers have a large market share in a small/tight segment.
</u>
Having therefore established his Niche business in a small segment where he has a large market share (otherwise it would not be a niche business), <u>the concerns will be about protecting unique competencies rather than market share</u>
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