Finding out what consumers need;
- To determine your consumers' demands, collect input from them at each stage of your process.
- You may discover consumer requirements in a variety of methods, such as through focus groups, monitoring to your consumers or social networking sites, or doing keyword research.
Effects of pandemic on marketing;
Epidemic has led in adjustments to promoting, marketing, commercial, and media spending, requiring businesses and kinds to rethink existing and future advertising and marketing efforts in order to maintain a steady stream of economic reward.
Pandemic has rendered people's lives and livelihoods helpless all over the world. It has also prompted a reassessment of what client care entails for vulnerable individuals and hence the potential customers that serve them. Examining customer journeys and satisfaction indicators to determine what consumers would want to have given rise to an extreme need to cope with what they have.
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Answer:
- True
- False
- True
Explanation:
Carlos is indeed a free rider as he is watching the show without incurring any costs for doing so. He is therefore benefitting from the show without paying adequately for it.
The Government cannot solve the problem by taxing everyone who watches the show because some might not be free riders and instead they would be paying more. The Government can solve it in other ways however such as by privatizing the station.
Private companies can indeed solve this problem by making people watch the commercials because the companies that pay for the commercials would then pick up the cost for Carlos.
Answer:
Job analysis
Explanation:
Many organizations carry out what is called job analysis. It entails spelling out the job functions, skills, experience and knowledge required to perform the job. It is important to analyze the skills required to perform a job because such would afford an organization to have directions in terms of matching skills with work.
Also, organizations analyze jobs to confirm that it is line with the company's current goals and objectives instead of a job that does not go in line with a company's current structure.
Answer:
The crossover point is 50 units.
Explanation:
Giving the following information:
Process A:
Fixed costs of $1000
Variable costs of $5 per unit.
Process B:
Fixed costs of $500
Variable costs of $15 per unit.
<u>First, we need to structure the total cost formula:</u>
Process A= 1,000 + 5x
Process B= 500 + 15x
x= number of units
<u>Now, we equal both formulas and isolate x:</u>
1,000 + 5x = 500 + 15x
500 = 10x
50=x
The crossover point is 50 units.
Answer:
1. Maintaining federal government checking accounts and gold.
2. Maintaining and circulating currency.
3. Being the lender of last resort for banks
Explanation:
The Federal Reserve System (the 'Fed) was created by the Federal Reserve Act, passed by Congress in 1913. The Fed began operations in 1914. It was founded by President Woodrow Wilson under the Federal Reserve Act, which was aimed at backing each banks in order to put a definitive end to the bank panics of the 1800s.
The following are functions of the Federal Reserve;
1. Maintaining federal government checking accounts and gold.
2. Maintaining and circulating currency.
3. Being the lender of last resort for banks.
<em>Additionally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America and seven (7) board of governors. </em>
