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
Ray Of Light [21]
3 years ago
12

The managers of Rug Emporium, a large rug store, decide to have a sale. The store manager works with the advertising department

to make the public aware of the sale, with department managers to schedule enough salespeople to handle the increased customer traffic, and with merchandise buyers to ensure that enough rugs are available to meet expected consumer demand. What does this scenario best describe?
Business
1 answer:
BartSMP [9]3 years ago
6 0

Answer:

This scenario best describes a Sales Promotion

Explanation:

Sales promotion is a strategy that involves reducing the price of products to clear out inventories, attract traffic, and to lift sales temporarily.

It could also be used as  a medium to introduce a new product,

Same applies when a large rug store, decide to have a sale.

To achieve the aim of sales promotion, the store manager works with the advertising department to make the public aware of the sale.

A proactive manager also makes provision for enough salespeople to handle the increased customer traffic, and ensure that the manufacturers of the product is able to meet expected consumer demand.

You might be interested in
What is a consumer in business
Nastasia [14]

Answer:

Consumers are defined as individuals or businesses that consume or use goods and services.

Explanation:

6 0
3 years ago
Read 2 more answers
Basic characteristic of free market system
Fittoniya [83]
One of the most important things is called  a free enterprise economy
7 0
3 years ago
Which of the following accounts will give you the LEAST access to your money?
AnnyKZ [126]
I would need to see the following accounts inorder to fully help.
3 0
3 years ago
Read 2 more answers
g Robert Hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summe
Mariana [72]

Answer:

The correct answer is $6934.48.

Explanation:

According to the scenario, the given data are as follows:

Time period ( 41 - 64 years) (n)= 24 years

Rate of interest (r) = 8%

Future value (FV) = $500,000

Annual deposit amount = P

So, we can calculate the annual deposit amount by using following formula:

FV = P × (1+r) × [{ (1+r)^n - 1} ÷ r]

By putting the value, we get

$500,000 = P × ( 1 + 0.08) [{ (1+0.08)^24 - 1} ÷ 0.08]

$500,000 = P × ( 1.08) [{ (1.08)^24 - 1} ÷ 0.08]

$500,000 = P × ( 1.08) [{ 6.34118073724 - 1} ÷ 0.08]

$500,000 = P (72.1035)

P = $500,000 ÷ 72.1035

P = 6934.48

8 0
3 years ago
Needham Pharmaceuticals has a profit margin of 3% and an equity multiplier of 2.0. Its sales are $110 million and it has total a
mafiozo [28]

Answer:

ROE is 0.1571 or 15.71%

Explanation:

The ROE or return on equity is a measure of a business's profitability in relation to its equity. The Dupont equation breaks down the ROE into three components which are used to calculate the ROE. The formula fro ROE under dupont equation analysis is,

ROE = Net Profit/Sales  *  Sales/Total Assets  *  Total Assets/Total Equity

  • The part of Net Profit/Sales is also known as profit margin.
  • The part of Sales/Total Assets  is also known as Assets Turnover
  • The part of Total Assets/Total equity is also known as equity multiplier

ROE = 0.03  *  110/42  *  2

ROE = 0.1571428571 rounded off to 0.1571

8 0
3 years ago
Other questions:
  • As an exporter, Horizon Trading wants to be paid before a consignment is shipped. Correspondingly, its importer in Italy, Friggo
    11·1 answer
  • I ADDED 50 EXTRA POINTS!!!
    6·1 answer
  • ________________ is a general term used to describe the systems of businesses and organizations that arrange for the financing a
    6·1 answer
  • A _____ plan relies on a predetermined formula to distribute a share of the company's profits to eligible employees.
    10·1 answer
  • Solstice Company determines on October 1 that it cannot collect $60,000 of its accounts receivable from its customer, P. Moore.
    12·1 answer
  • How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?
    5·1 answer
  • Technical analysts consider the stock market to be strong when volume _________ in a rising market and _________ during a declin
    12·1 answer
  • Assume that the 4K and OLED television sets industry is perfectly competitive. Suppose a producer develops a successful innovati
    5·1 answer
  • Solutions to the moral hazard problem include Select one: a. low net worth b. greater reliance on equity contracts and less on d
    8·1 answer
  • What are the main form through which foreign capital flows in malaysia?Discuss the evolution of the various form across the last
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!