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Aleonysh [2.5K]
1 year ago
12

Because Brianna loves Chinese food, she was eager to check out a new Chinese restaurant. The restaurant had undertaken a large-s

cale promotional campaign, with television commercials, glossy magazine ads, and large billboards. However, when she talked to two of her friends, they told her the service was terrible and quality was poor. Based on these recommendations, Brianna decided it was not worth it to try out the restaurant. The Chinese restaurant failed to realize the importance of _______.
Business
1 answer:
Lana71 [14]1 year ago
6 0

The Chinese restaurant failed to realize the importance of "word-of-mouth marketing."

<h3>What is word-of-mouth marketing?</h3>

Whenever a consumer's interest inside a company's service or product is reflected in their regular conversations, this is referred to as word-of-mouth marketing (also WOM marketing). Basically, it is free promotion brought on by consumer experiences, which are typically above and beyond their expectations.

Some key features regarding word-of-mouth marketing are-

  • Word-of-mouth marketing occurs when customers recommend a business's goods or services to their friends, relatives, and other people they value highly.
  • WOM marketing is among the most effective kinds of advertising since 88% of consumers prefer suggestions from their friends than those in traditional media.
  • By exceeding customer expectations with a product, delivering first-rate customer service, and providing consumers with insider knowledge, businesses can promote WOM marketing.
  • The finest word-of-mouth marketing methods, according to Word of Mouth Marketing Association (WOMMA), are sincere, credible, sociable, repeatable, measurable, and respectful.

To know more about the word-of-mouth marketing, here

brainly.com/question/15472521

#SPJ4

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Which of the following is NOT associated with (or does not contribute to) business risk? Recall that business risk is affected b
Sever21 [200]

Answer:

The correct answer is letter "C": The extent to which interest rates on the firm's debt fluctuate.

Explanation:

Interest rates on debts are the amounts of money the company must pay after requesting loans or assets on credit. Interest rates are fixed and they are specified at the moment of accepting the transaction that will generate the debt in the organization. Thus, they do not represent a risk for the company.

5 0
3 years ago
MoneyMatters, a finance firm, provides support to HMD Inc. in payroll and other financial matters. Later, HMD decides to create
kolezko [41]

Answer:

vertical Intergration

Explanation:

Based on the information provided it can be said that the MoneyMatters loses its business because of the vertical integration done by HMD Inc. vertical Intergration refers to the scenario by which a company owns the supply chain that handles all of that company's tasks. Which in this scenario is what HMD Inc. decided to do by creating an in-house finance department to manage its financial matters, and thus getting rid of MoneyMatters.

4 0
3 years ago
Jiminez, Inc., had the following transactions during the month of March 2015. Prepare an income statement based on this informat
vladimir1956 [14]

Answer:

net income     4,385

Explanation:

The income statment will only include revenues and expenses account.

A revenue will be the gain realized from the business main activity or secondary like interst or rental revenues.

While expenses will be the cash erogation or losses iincurred in the business activities, their financing like interest expenses and other.

revenues       9,850

expenses     <u>  5,465   </u>

net income     4,385

The loan is not an expense. It wil lbe the interest it generated but we aren't given with that information

The dividends also aren't an expense they represent the return to the investors.

5 0
4 years ago
A large current account deficit is most likely to come about when desired investment​ _____ substantially and if desired nationa
Mars2501 [29]

Answer:

Increases; Declines

Explanation:

A current account deficit occurs when the value of imports (of goods, services and investment income) is greater than the value of exports. If the currency is overvalued, imports will be cheaper, and therefore there will be a higher quantity of imports.

6 0
3 years ago
53) In the current year, Borden Corporation had sales of $2,000,000 and cost of goods sold of $1,200,000. Borden expects returns
Brums [2.3K]

Answer: See explanation

Explanation:

The adjusting entry or entries to record the expected sales returns are:

Debit: sales return and allowance = $150,000

Credit: Sales refund payable = $150,000

The above $150,000 was gotten as:

= ($2,000,000 × 8%) - $10,000

= ($2,000,000 × 0.08) - $10,000

= $160,000 - $10,000

= $150,000

Also,

Debit: Inventory returns estimated = $90,000

Credit: Cost of goods sold = $90,000

The above $90,000 was gotten as:

= ($1,200,000 × 8%) - $6,000

= ($1,200,000 × 0.08) - $6,000

= $96,000 - $6,000

= $90,000

3 0
3 years ago
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