Vocabulary is important because ( my opinion) using betters words instead of saying something in a more simplistic way, shows you have more knowledge on what your talking about and just makes you seem smarter in general.
Promotion is a activity that supports or provides active encouragement for the furtherance of a cause, venture, or aim
Promoting is very important in marketing because it allows whatever product or information you are trying to get out expands across to different platforms and audiences.
Answer:
focus strategy
Explanation:
Focus strategy: The term "focus strategy" is defined as one of the distinct marketing strategies in which a particular company or organization "concentrates" associated resources on expanding or entering in a very narrow or small industry or market segment. A focus strategy is generally being implemented where the company or the organization knows its associated segments and therefore consists of different products to purposefully satisfy its relevant needs.
In the question above, Renee Farm is most likely using a focus strategy.
Answer:
The Fixed-Order-Quantity method depends on when to order a fixed amount. The order will be placed when the inventory level reaches the reorder point. E.g. a new order is placed every time inventory level is below 100 units.
The Fixed-Order-Interval works differently, since the inventory level is checked every certain amount of time, and an order is made when the level is below an specific reorder point. E.g. inventory is checked every 2 weeks.
The main difference between both systems is that FOQ continuously checks the inventory level, while FOI checks the inventory level following a schedule. The FOQ should result in a more stable inventory level and number of orders.
The FOI requires a larger safety stock because the risk of selling more than expected always exists. E.g. you check inventory every 2 weeks, and you last checked a Tuesday. If suddenly a client places a large order on Wednesday, you are at risk of a stockout for 13 days.
Companies outsource to save costs or improve the value of their goods. There are several options when deciding whether to outsource a business' operations or production.
The use of outsourcing has increased as a way for businesses to cut expenses and concentrate on what they do best. A business precise known as outsourcing involves a corporation hiring a third party to carry out duties, manage operations, or offer services on their behalf.
Reduce and manage operating expenses. Enhance the company's focus. liberate internal resources for fresh endeavors. Increase output for some time-consuming tasks for which the organization may lack the resources.
The finest examples of outsourcing include website creation, office and warehouse cleaning, and advertising.
To learn more about outsourcing
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Answer:
The correct answer is option a.
Explanation:
In a competitive market, there is no limitation on entry and exit, entry and exit are free. The firms in a perfectly competitive market are price takers. They have a horizontal line demand curve which also represents average revenue and marginal revenue.
The firms will enter the market in the long run if the price or marginal revenue is greater than average total cost. The firms will be maximizing their profits if the average total cost is equal to marginal revenue and price.
The firms will exit the industry if price and marginal revenue fall below the average total cost.
