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schepotkina [342]
3 years ago
11

Why is marketing important to an organization? Describe key benefits to implementing a marketing concept, and explain how employ

ees in at least two other roles participate in marketing. For example, how does the accounting department participate?
Business
1 answer:
abruzzese [7]3 years ago
5 0

Answer: Marketing plays an important role in establishing relationships between customers and the organizations offering to the market. ... The marketing function is also tasked with the branding of the organization, participation in publicity activities, advertising and customer interaction through feedback collection.

The Marketing Department plays a vital role in promoting the business and mission of an organization. ... It is the Marketing Department's job to reach out to prospects, customers, investors and/or the community while creating an overarching image that represents your company in a positive light.

The marketing concept is based on the “right” principle. The marketing concept is the use of marketing data to focus on the needs and wants of customers in order to develop marketing strategies that not only satisfy the needs of the customers but also accomplish the goals of the organization.

The roles of the employee in the marketing departments are:

1. Oversees the marketing department

2. provides direction and feedback on major projects.

The accounting departments oversee the cash flow of the company also helps in terms of budgeting.

Explanation:

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How long will it take for a $4000 investment to grow to $6000 at an annual rate of 15%, compounded monthly? Assume that no withd
Inessa05 [86]

Answer:

It will take 2.72 years and 32.64 months.

Explanation:

Future value is the sum of principal amount and compounded interest amount invested on a specific rate for a specific period of time.

Use following formula to calculate the time period.

FV = PV x ( 1+ r )^n

FV = Future value = $6,000

PV = Present Value =  $4,000

r = rate of interest = 15% yearly = 15% / 12 = 1.25%

n = time period = ?

$6,000 = $4,000 x ( 1 + 1.25% )^n

$6,000 = $4,000 x ( 1.0125 )^n

$6,000 / $4,000 = ( 1.0125 )^n

1.5 = ( 1.0125 )^n

Log 1.5 = n log 1.0125

n = Log 1.5 / log 1.0125

n = 32.64 months

n = 2.72 years

6 0
3 years ago
The outstanding capital stock of Coronado Corporation consists of 1,900 shares of $100 par value, 9% preferred, and 5,400 shares
ella [17]

Answer:

preferred stock dividends = 1,900 x $100 x 9% = $17,100

common stocks = 5,400 stocks

a) distribution of dividends:

preferred stocks = $17,100

common stocks = $70,400

b) distribution of dividends:

preferred stocks = $17,100 x 3 = $51,300

common stocks = $36,200

c) distribution of dividends:

preferred stocks = $51,300 + (1,900/7,300 x $19,100) = $56,271

common stocks = $17,100 + (5,400/7,300 x $19,100) = $29,429

5 0
3 years ago
Derrick was feeling drained after working for several hours on a demanding task that required intense concentration. Derrick the
Marizza181 [45]

Answer: The power of positive energy and motivation

Explanation: A positive energy can be defined as the group of characteristics that a individual desires in himself or herself like enthusiasm, optimism etc.

Motivation can be defined as the method by which an individual can be made to feel positive and be made to achieve his or her goal effectively .

.

In the given case Daisy indirectly made Derrick feel motivated by bringing positive energy through her encouraging conversation with him.

8 0
3 years ago
A track dozer cost $165,500 to purchase. Fuel, oil, grease, and minor maintenance are estimated to cost $35.00 per operating hou
STatiana [176]

Answer:

It will charge 54.22 per hour to obtain a yield of 7.3% on the track dozer.

Explanation:

purchase cost 165,500

repair costing 26,000 at year 4

annual cost: 1,800 x 35 = 63,000

salvage value at end of useful life:

21% of purchase cost :

21% of 165,500 = 34,755

We will calculate the present value of the salvage value and the overhaul, to know how much does the company need to generate per year:

165,000 + pv of overhaul + pv of salvage value  = present value of the cash inflow

<u>pv of the overhaul</u>

\frac{overhaul}{(1 + rate)^{time} } = PV

overhaul: 26,000

time   4

rate 0.073

\frac{26000}{(1 + 0.073)^{4} } = PV

PV  $19,614.3744

<u>Then, the PV of the salvage value:</u>

\frac{salvage}{(1 + rate)^{time} } = PV

salvage 34,755

time 6

rate 0.073

\frac{34755}{(1 + 0.073)^{6} } = PV

PV  $22,772.9326

165,500 + 19,614.3744-22,772.9326 = 163,341.4418

The present value of the contribution per hour at 7.3% discount rate should equal this amount

So we will set up the formula for the cuota of an annuity:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV  $163,341.44

time 6

rate 0.073

-34586.3538411519 \div \frac{1-(1+0.073)^{-6} }{0.073} = PV\\

C 34,586.35

The contribution per year should be 34,586.35

each hour contribution should be: 34,586.35/1,800 = 19.2146

After the operating cost it should net 19.2146

hourly rate - 35 = 19.2146

hourly rate = 19.2146 + 35 = 54.2146 = 54.22

3 0
3 years ago
Which of the following is the best example of a law
IceJOKER [234]
The best example of a law is D
5 0
2 years ago
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