Assess organizational resources and evaluate risks and opportunities, It is this step in the marketing planning process that best corresponds to the articulation of a 10% increase in sales.
The marketing planning process is a methodical strategy for achieving marketing objectives. The marketing planning process includes the following steps: scenario analysis, goal-setting, strategy formulation, action programme development, implementation, control, review, and assessment. All of the managerial tasks of the company are coordinated with the aid of marketing planning process. In order to accomplish the general aims and goals of the company, it not only assists in coordinating the work of its own department but also in coordinating the managerial operations of every other department. Market penetration strategy, market development strategy, product development strategy, and diversification strategy are the four different types of the marketing planning processes.
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Answer: $6,814
Explanation:
Given that,
Initial price of chewing gum = $58
New price of chewing gum = $69
Initial price of cigarette = $39
New price of cigarette = $191
As per the budget equation,
Income with Initial price = Initial Price of chewing gum × quantity of chewing gum + Initial Price of cigarette × quantity of cigarette
= $58 × 76 + $69 × 49
= $4,408 + $3,381
= $7,789
Income with New price = New Price of chewing gum × quantity of chewing gum + New Price of cigarette × quantity of cigarette
= $69 × 76 + $191 × 49
= $5,244 + $9,359
= $14,603
Rise in income required = Income with New price - Income with Initial price
= $14,603 - $7,789
= $6,814
So, there is a need to rise the income by $6,814 and to become $14,603 to maintain the similar level of consumption.
Answer:
The present value the expected costs of the new security and data management system is $-75,062.5
Explanation:
Kindly check attached picture for explanation