Answer: Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want
Explanation:
Market is a place where sellers meet buyers and buyers meet sellers. Sellers come to advertise what they are trading, buyers come to buy what they need or want. My company in this case study is an industrial company(that sells pumps, Industrial consumables), and most times we don't actually have a place where we go to sample our products except for exhibitions. What we do most times to sell our products is to reach out to our clients through social media, television and radio ads, going to them for presentations. It is oligopoly kind of business, meaning they are competitions and we have a few firms that dominate the market, so we have to brand ourselves very well in performance and competency to beat the competition.
Answer:
$1.01 billion
Explanation:
The computation of the amount for advertising based on projected sales is shown below:
= Advertising expense ÷ sales × projected sales in next year
= $0.8 billion ÷ $15 billion × $19 billion
= $1.01 billion
First we find out the advertise to sales ratio after than we multiplied it with the projected sales in next year in order to find out the advertising based on projected sales
Answer:
Increased visibility- real-time status or availability of any process or product
increased efficiency - reduced process time in different areas
better quality- high-quality standards of products and processes
reduced cycle time-faster execution of each process
did get it right?
Answer: decrease; decrease
Explanation:
Inflation rate is simply defined as the rate at which prices of goods and services rise over time, which therefore results in a decrease in money's purchasing value.
An increase inflation rate for the United States relative to other countries would reduce the US's current account balance, other things equal. An increase growth in the US income level relative to other countries would reduce the US's current account balance, other things equal.