Answer:
Consumer pull caused a company to change its practises.
Explanation:
Consumer pull marketing is when a company devices several means to get customers to buy its products. The aim is to increase product demand, win and retain customer loyalty. Unlike consumer push which is a method used to dispose already existing products by bringing them to consumers ; consumer pull attract buyers to its product.
Generally, most companies uses several advertising mode like word of mouth referrals, placement of a product in a strategic place, sales promotion, blogs etc to stimulate the demand for their products since they know customers are looking for products that would meet or suit their need but needed to be attracted to the solution offered by the company.
Morever, the cost expended on consumer pull marketing is way higher before it becomes a brand and household name among consumers. As in the case above, the celebrities have influence on consumers demand for the products even though they have interest in purchasing them hence result to fall in market share.
Example of consumer pull marketing is children wares. Companies would get the wares advertised through various channels such that children and parents becomes attracted to them. Once they are attracted, demand for these wares will increase and retailers would also want to stock up their shops with these wares.
The whole process of the above example is called consumer pull because the company has been able to get customers to buy its products.
Answer:
comparative advantage
Explanation:
Comparative advantage in finance is crucial for production because it helps nation to manufacture their goods with low opportunity cost compare to their co- partner in that production line.
Production which is an essential aspect in economics is a process of turning raw materials into finished goods are very crucial in each nation of the world and for economic process to be completed.
It should be noted that When nations increase production in their area of comparative advantage and trade with each other, both sides can benefit from it.
Answer:
See below
Explanation:
Material cost
$156,000
Add:
Variable conversion cost used
$78,000
Add:
Fixed manufacturing cost
$702,000
Total manufacturing cost
$936,000
Unit product cost
= Total manufacturing cost / Units produced
= $936,000/7,800
= $120
Ending inventory in unit produced
= Units produced - Units sold
= 7,800 - 5,500
= 2,300 units
Ending inventory under absorption costing
= 2,300 units × $120
= $276,000
Answer:
It will be sold at $1,186.71
Explanation:
We will calculate the present value of the cuopon payment and the maturity at the new market rate of 7%
<u>The coupon payment will be calcualte as the PV of ordinary annuity</u>
C $50 (1,000 x 10%/2 as there are 2 payment per year)
time 16 (8 years x 2 payment per year)
rate 0.035 (7% rate / 2 payment per year)
PV $604.7058
<u>The maturity will be calculate as the PV of a lump sum</u>
Maturity 1,000.00
time 8 years
rate 0.07
PV 582.01
<u>The market price will be the sum of both:</u>
PV cuopon $604.7058
PV maturity $582.0091
Total $1,186.7149