Advertising is a paid form of communication, delivered through media from an identifiable source, about a service, product and Idea.
<h3>What is advertising as a form of communication?</h3>
A product or service's customers can be reached through advertising. According to the Advertising Association of the UK, advertisements are messages that are paid for by those who send them and are meant to inform or persuade individuals who receive them.
The advertising industry is made up of businesses that advertise, agencies that produce the ads, media that run the ads, and a large number of individuals who take the ads all the way to the consumer or recipient, including copy editors, visualizers, brand managers, researchers, creative minds, and designers.
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Answer:
Those local hospitality businesses can be said to be Cooperators.
Explanation:
Co-operation: <em>Cooperation is an art, which is not so easy to be mastered.</em> The primary <em>purpose </em>of the <em>cooperation </em>is to gain <em>mutual benefit.</em> Yet because not everyone can understand the true sense of forming alliances (even if some do understand), it is difficult for them to create or manage those alliances because there are several factors which affect the relationships between associates. So, to have healthy and strong cooperation there is a need to get a grasp over those influencing factors.
<em>Now</em> there are reasons to believe that what the analysis implies (that there is a close relationship between these 2 industries) is true. Although how? let's get into those reasons.
- Both industries come in the same domain that is of consumption.
- Both can do their business separately without cooperating.
- But still, if they do cooperate they can get more than they do get separately.
An example to have a close look on the relationship: Consumer A has to go to 2 different places to get these 2 different services or products, consumer B just go to the one place and get all the service as well as get the product if he desires. So, Which one would be more satisfied? Consumer B for sure.
Answer:
<u>Leadership</u>
Explanation:
Leadership strategy of an organization aligns its leadership with it's goals and objectives.
In the current context, such a strategy refers to leading the industry. The strategies mentioned being, acquisition of smaller firms, increasing marketing efforts, reducing prices, etc are all directed towards emerging as the leader of the industry.
And since, the industry being declining, acquisition of smaller firms and other similar activities shall transform the company into an industry leader.
Answer:
B) Debit work in process inventory $172,000
Credit Factory Wages Payable $172,000
Explanation:
Option A is not correct answer as the question is to record the production activities for direct labor usage instead of recording production and payment of wages. In option A, Wages payable is debited and cash is credited e.g. payment of wages is recorded and first step of recording production is missed.
Option B is the right answer as it appropriately records production activity for the month of June by debiting work in process inventory and crediting factory wages payable.
Option C is not correct answer as it is directly debiting cost of goods sold, which is debited at the time of sale of goods and goods are transferred from finished inventory to cost of goods sold.
Option D is not correct answer as it is directly crediting cash instead of recording payable. At the end of the month, production activities are recorded and payment entry is recorded at the time of payment depending on the Company policy to pay.
