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Vikentia [17]
3 years ago
15

The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha

nging offerings that have value for customers, clients, partners, and society at large. a. self-dealing b. investing c. marketing
Business
1 answer:
lubasha [3.4K]3 years ago
7 0

Answer:

Marketing

Explanation:

There are various explanations for the term Marketing. It is essentially a group of activities aimed at creating a valuable customer relationship. Unlike traditional approaches which planned their activities based on what the customers would buy, the Marketing approach takes decisions based on wht the customer wants/needs. It places customer at the center and all the activities revolve around them.

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6 0
3 years ago
Leichter Auto​ Parts, a​ family-owned auto parts​ store, began January with $ 10,500 cash. Management forecasts that collections
valkas [14]

Answer:

                                      Northeast Auto​Parts's

                                           Cash Budget

                                                             January               February

Cash inflows:                                        

  • Customers' credits                       $11,000              $15,200
  • Business note                             <u>  $8,500</u>              <u>               </u>

Total cash inflows                                $19.500              $15,200

Cash outflows:

  • Inventory purchases                   ($15,600)            ($14,800)
  • selling and adm. expenses       <u>  ($2,900) </u>           <u> ($2,900) </u>

Total cash outflows                             ($18,500)            ($17,700)

Monthly cash flow                                 $1,000               ($2,500)

Initial cash balance                               <u>$10,500</u>             <u>$11,500</u>

Ending cash balance                            $11,500              $9,000

Required bank loan                              <u>        $0 </u>             <u> $1,000 </u>

Total                                                       $11,500             $10,000

Explanation:

January 1, beginning cash $10,500

cash collections from customers' credits:

  • January $11,000
  • February $15,200
  • also a business note for $8,500 in January

estimated cash outflows:

  • January $15,600
  • February $14,800
  • S&A expenses $2,900 each month

Bank's minimum balance $10,000

loans in multiples of $1,000

8 0
3 years ago
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