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Elina [12.6K]
3 years ago
14

The YMCA in mid-town Atlanta has recently upgraded its facilities, including building a new Olympic-sized swimming pool and chil

dren's playground. All locations of the Atlanta "Y" are open from 6:00 am until 11:00 pm, 360 days a year. The children's playground is accessible for members only and is a fenced and secured area. During the weekdays, children under the age of 12 can engage in supervised activities at the playground, for no extra fee. Additionally, there are swimming classes for children of all ages, which is also covered by the monthly membership fee. The swimming pool has been very popular with the professionals who stop by for a swimming workout before or after work. Many of the YMCA locations are very busy all day; however, the midtown "Y" is busier during the early morning and early evenings. At a recent meeting, Malia Monroe, its manager, shared her concerns about getting more people into the "Y" at other times of the day. She asked for ideas from her staff about how to do this. She also said that the city of Atlanta had reduced the "Y"'s funding for the next year by 20%. This would cause a need for the "Y" to either gain additional members or charge more per member for the annual fee. Refer to Scenario 13.1. The fact that the "Y" is open from 6:00 am until 11:00 pm is most directly related to the ____ element of its marketing mix.
Business
2 answers:
Ierofanga [76]3 years ago
5 0

Answer:

place or distribution

Explanation:

YMCA provides a service to its members and the community in general. The seven Ps of services marketing mix are:

  1. Product: YMCA provides several services, ranging from children's playgrounds, swimming pool, etc.
  2. Pricing: currently YMCA charges a monthly fee and they are worried they will need to increase it.
  3. Place (or distribution): refers to the physical location of YMCA's facilities and it also refers to their working hours. They are open 360 days per year (all year around) from 6:00 a.m. to 11:00 p.m.
  4. Promotion: as an institution, the Young Men's Christian Association (YMCA) is extremely well known and really doesn't need a lot of work in promoting their activities.
  5. People: YMCA is a well recognized institution that has branches all over the world, and has developed a very strong organizational culture. Besides its song is still catchy.
  6. Process: at least for the swimming pool activities, we could consider to be a self-service activity for adults and a nursery for small children.    
  7. Physical Evidence: this item is very related to place, but it refers more to the quality of the facilities and in this case YMCA recently upgraded its swimming pool.
Katena32 [7]3 years ago
4 0

Answer:

Place

Explanation:

In the Scenario, the fact that the "Y" is open from 6:00 am until 11:00 pm is most directly related to the place element of its marketing mix.

The elements of the marketing mix, generally referred to as the 4 P's includes Product, Price, Place, and Promotion.

The scenario changing hours open for business does not relate to its price, neither has it got anything to do with promotion adverts in the newspaper or other media. It does not also imply changes in product features but means that the place where the product or service can be bought is now more available to customers.

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Most attributes and benefits in many product categories can be whittled down to a. success and failure. b. price and quality. c.
grigory [225]

Answer:

b. price and quality.

Explanation:

Most attributes and benefits in many product categories can be whittled down to price and quality.

This ultimately implies that, the two fundamental factors to consider when designing a product is its price and quality. The price of a product can be defined as the monetary value or amount of money which must be paid by a customer for the acquisition of such products. The relationship between demand and supply of goods (products) affects or influences the price of a product; if the supply of a product is short, its price would rise and vice-versa.

The quality of a product is subjective, it is a measure of excellence and being free from any defect or deficiency when producing and supplying products that meet the needs or demands of customers.

8 0
3 years ago
If the exchange rate between the u.s. dollar and japanese yen changes from $1=70 yen to $1=100 yen, then?
bulgar [2K]

<u>If the exchange rate between the U.S. dollar and </u><u>Japanese </u><u>yen changes from</u><u> $1 = 100 yen</u><u> to </u><u>$1 = 90 yen,</u><u> then: Japanese tourists to the U.S. will benefit.</u>

What happens in the foreign exchange market when a surplus of dollars exists?

  • The supply and demand of each currency must be equal in order for the foreign exchange market to be in equilibrium, as it is in every market.
  • Until equilibrium is reached, the exchange rate will change according to whether there is a surplus or shortage on the market.

What connection exists between the supply of foreign currency and the exchange rate?

  • This decreases demand for exports and reduces the amount of foreign currency available, much like how domestic goods become more expensive for foreign consumers when the foreign exchange rate declines.
  • As a result, there is a direct connection between the supply of foreign currency and the foreign exchange rate.

Learn more about foreign exchange

brainly.com/question/13717814

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8 0
2 years ago
In December 2017, Quebecor Printing received magazine subscriptions for 2018 from a customer, who paid $220 in cash. What would
sergejj [24]

Answer:

Cash                                                   Debit       $ 220

Subscriptions received in advance  Credit                     $ 220

Explanation:

The most appropriate journal entry would be by debiting cash with $ 220 since cash has been received.

The credit account would be Subscriptions received in advance since the magazines have to be delivered in 2018 and the revenue has not been earned at the time of collections. This would be classified  in the balance sheet under current liabilities.

3 0
4 years ago
On the basis of the following data, what is the estimated cost of the merchandise inventory on May 31 using the retail method?
Misha Larkins [42]

Answer: The ending inventory is $43,500

Explanation:

Cost. Retail

$ $

Beginning inventory. 125,000 166,667

Add :Purchases 235,000 313,333

-------------------- -----------------------

Cost of good available for sale 360,000 480,000

Cost to retail ratio

360,000 ÷ 480,000

= 0.75

Cost. Retail

$ $

Cost of good available for sale 360,000 480,000

Less:Sales. 230,000 250,000

360,000. 172,500

187,500

-------------------- ----------------

(417,500) 58,000

Ending inventory × 0.75 (58,000 × 0.75) = 43,500

Cost to retail ratio.

Ending inventory. $43,500

3 0
4 years ago
A one-time gift to your college will provide $25,000 in scholarship funds next year with that amount increasing by 2 percent ann
kherson [118]

Answer:

c) $714,285.71

Explanation:

The computation of the current value of this perpetual gift is shown below:

= (Scholarship fund provided next year) ÷ (discount rate - growth rate)

= ($25,000) ÷ (5.5% - 2%)

= ($25,000) ÷ (3.5%)

= $714,285.71

In order to find out the current value, we considered all the given information that are mentioned in the question

6 0
4 years ago
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