1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
How do investment banks differ from commercial? banks? ?(mark all that? apply.)?
jenyasd209 [6]
Investment banks help companies to purchase, sell and make investments using bonds while commercial banks are concerned on managing deposits on both savings and checking account.

Investment banks aid companies on bringing their investments on public offers; commercial banks are focused on providing security for the clienteles money.

Investment banks have some degree of freedom in choosing their own strategies while commercial banks have more risks because they are open to public transactions. 
4 0
3 years ago
Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect
r-ruslan [8.4K]

Answer:

                                                 VPI Co.

            Cashflow statement for the year ended December 31

                                                                               $

Operating activities                                            

Net income                                                         59,000

Add Depreciation                                                 7600

Less gain from sale of machinery                      (2900)

Increase in Inventory                                          (8,600)

Increase in accounts payable                              3,300

Decrease in accounts  receivable                      <u>  6,600</u>

Cash flow from Operating activities                  65,000

Investing activities

Cash received from sale of  machinery              11,300

Financing activities

Cash paid for dividends                                      (4,600)

Net cashflow                                                        71,700

Cash balance at prior year-end                       <u> </u><u>43,600</u>

Cash balance at current year-end                  <u> 114,300</u>

Explanation:

The indirect method of cashflow statements starts with the cashflows from the operating activities to Financing and then investing activities.

An increase in an asset other than cash is a decrease in cash and vice versa. An increase in a liability is an increase in cash and vice versa. We add or subtract none cash items like depreciation, gain on asset disposal etc.

7 0
2 years ago
You must estimate the intrinsic value of Lowell Technologies’ stock. The end-of-year free cash flow (FCF1) is expected to be $30
Hunter-Best [27]

Answer:

Firm's estimated intrinsic value per share of common stock = $40.00

Explanation:

Intrinsic value:

Intrinsic value is a way of describing the perceived or true value of an asset.

Formula:

Intrinsic value = free cash flow / required rate - growth rate

As the end-of-year free cash flow (FCF1) = $30  and it is expected to grow at a constant rate of 5.0% a year thereafter.

so FCF2 = 30 (1 + 5%)

FCF2 = 31.5

Value at year 1 = FCF2 / required rate - growth rate

Therefore by putting the values in the above formula, we get

Value at year 1 = 31.5 / 0.08 - 0.05

Value at year 1 = 31.5 / 0.03

Value at year 1 = 1,050

As the company’s WACC is 8.0%, so

Value today = 30 / (1 + 0.08)1 + 1,050 / (1 + 0.08)1

Value today = $1,000 million

As stated in the question it has $200 million of long-term debt, and there are 20.0 million shares of common stock outstanding.

Intrinsic value = (1,000 - 200) / 20

Intrinsic value = $40.00

8 0
3 years ago
Agri-Cor sells farm equipment throughout the euro zone. The company has noticed that some customers travel to countries where eq
sergejj [24]

Answer:

These statements are correct:

  • It makes it easier to compare prices across Europe - the Euro is the common curriency across 19 countries, but prices in those countries are far from being the same. For example, Germany is a lot more expensive than Greece (although a lot wealthier too), and Greek people can easily find out that the same product in Germany costs more euros than in Greece.
  • It makes Europe an optimal currency area - in the Eurozone, economic efficiency is now higher because resources can be allocated across different countries thanks to the fact that prices can be compared in the region.

3 0
2 years ago
A food truck operator originally produced hamburgers and hotdogs. To serve the tastes of their various customers, the hot dog ve
tensa zangetsu [6.8K]

Answer:

The correct answer is (b) Dis-economies of scope

Explanation:

Solution

Dis-economics of scope : This refers to a situation when the average cost of production is greater from the shared production of services than the average costs from the preceding  independent production of the services.

The vendor here in this case is experiencing Dis-economics of scope.

5 0
3 years ago
Other questions:
  • Before starting a business, an entrepreneur should consider the following sacrifices: a. Professional b. Financial c. Personal d
    9·1 answer
  • Explain how consumer tastes and preference changes demand for a product
    13·1 answer
  • Jackie's Creamery sells​ fudge, caramels, and popcorn to consumers in the local community. The manager at the creamery sold 12 c
    14·1 answer
  • If you find yourself part of a team at work , what is the best way to behave during a team meeting ?
    6·2 answers
  • Bad Brad's BBQ had cash flows for the year as follows ($ in millions): CASH RECEIVED FROM: Customers $ 3,100 Interest on investm
    12·1 answer
  • Samir is a self-employed marketing consultant. He had no income from January through March 2020. His April through December 2020
    14·1 answer
  • Standard Product Cost, Direct Materials Variance
    11·1 answer
  • Under the temporal method, income statement items that relate to newly recognized assets and liabilities generally are remeasure
    14·1 answer
  • Brendan buys a used car in April 2020 from his neighbor for $20,000. After one month, he loses his job and decides to sell the c
    7·1 answer
  • The management, creation, and study of money, investments, and other financial instruments is known as
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!