How do price changes affect equilibrium? (Gradpoint)

You heard somebody say, Marketing is just sales and advertising" Discuss the accuracy of this statement

Serga [27]

Answer:

Marketing is much more than just sales and advertising.

Explanation:

Marketing is when an individual or a firm develop the interest of a client or an intending customer to the product one sells or services one render. It makes use of research, distribution, sales promotion etc .

Before an individual or a business venture goes into marketing, it must make thorough research on who his potential buyers are, how can he convince them to buy the products.

The distribution channel must also be considered, like getting the goods

directly to the buyers or involving middle men. There is also sales promotion when considering marketing. Sales promotion includes all activities aimed at promoting immediate sales like raffle draws, offering gifs after purchase etc.

The basic aim of marketing is to sell, acquire customers and retain them while employing marketing concepts and mix(using place, price, promotion and product).

3 0

3 years ago

The following events apply to Gulf Seafood for the 2018 fiscal year: The company started when it acquired $60,000 cash by issuin

Arte-miy333 [17]

Answer:

depreciation per year: 9,000

operating income: 41,000

Explanation:

Q: Adjusted the records to reflect the use of the cooktop.

Under straight-line the company will recognize the same amount of depreciation over the course of the assets life. At year-end the company will adjsut for the loss in value for the asset generated for the past of time.

$\frac{cost - salvage \: \:value}{useful \:\: life}$

$\frac{40,000- 4,000}{4}$

depreciation per year: 9,000

operating income:

revenues 72,000

salaries expense: (25,000)

depreciation per year: (9,000)

total 41,000

6 0

2 years ago

Cave Hardware's forecasted sales for April, May, June, and July are $150,000, $250,000, $100,000, and $290,000, respectively. Sa

dmitriy555 [2]

Answer:

$160,000

Explanation:

The computation of budgeted cash payments in June is shown below:-

For computing the budgeted cash payments in June first we need to find out the may credit sales and June cash sales.

May credit Sales = May = $250,000 × 40% × 100%

= $100,000

and

June cash sales = $100,000 × 60%

= $60,000

Cash collection budgeted June = May credit Sales + June cash sales

= $100,000 + $60,000

= $160,000

5 0

3 years ago

In the context of mobile marketing, ________ are released by businesses to help consumers access more information about their co

Irina-Kira [14]

Answer: Applications (Apps)

Explanation: In mobile marketing companies introduce the use of applications which involves either or both of web apps and mobile apps.

Customers can easily gain access to information about the company on their app and can also interact with the company through their app.

Some purchase can also be made on some companies apps.

7 0

3 years ago

Financial Statement Analysis, specifically Ratio Analysis is often performed by managers, investors, and creditors. What is the

IceJOKER [234]

Answer:

The primary goals of managers, investors, and creditors when evaluating ratios are:

1. Managers use ratio analysis to evaluate their performance, understand financial results and trends, and determine the strengths and weaknesses of different strategies and initiatives.

2. Investors perform ratio analysis of the financial statements of companies in order to evaluate the financial health of the companies and estimate likely future performances. By performing ratio analysis, investors can determine how a company receives financing, uses resources, settles maturing debt obligations, and generate profits.

3. On the part of creditors, they are always interested in knowing if a company is overtrading, uses debt resources efficiently, is credit-worthy, and has the ability to repay.

Explanation:

Ratio analysis reveals important insights about a company's profitability, liquidity, operational efficiency, and overall solvency. Ratio analysis shows a company's performance in important indices over time. It can also be used as a tool to compare one company with another, especially if they are in the same industry or economic sector. Various stakeholders, including managers, creditors, investors, and employees, use ratio analysis to understand the company's value creation ability.

7 0

2 years ago