What is your total industry wide sales volume? In Dollars? In Units?

3m is a master of the __________ pricing strategy. according to a 3m manager, "we hit fast, price high, and get the heck out whe

Alex777 [14]

E

I hope this helps and have a wonderful day filled with joy!!

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5 0

3 years ago

Classify the following cash flows as either operating, investing, or financing activities assume indirect method.1. Received cas

liq [111]

Answer and Explanation:

The classification is as follows

1. Investing activities : Since there is cash received from the sale of equipment so the same is to be shown in the investing activities in a positive amount

2. Investing activities : Since there is cash paid for buy the long term investment so the same is to be shown in the investing activities in a negative amount

3. Financing activities : Since the cash is received so the same is to be shown in the financing activities in a positive amount

4. Financing activities : Since the issuance of preferred stock is there so the same is to be shown in the financing activities in a positive amount

5. Financing activities : Since the cash is paid so the same is to be shown in the financing activities in a negative amount

6. Operating activities : Since the cash is received so the same is to be shown in the operating activities in the direct method as a positive amount

7. Operating activities : Since the inventories are purchased so the same is to be shown in the operating activities in the direct method as a negative amount

8. Operating activities : Since the cash is paid so the same is to be shown in the operating activities in the direct method as a negative amount

9. Operating activities : Since the cash is paid so the same is to be shown in the operating activities in the direct method as a negative amount

10. Investing activities : Since the investment is sold so the same is to be shown in the investing activities in a positive amount

4 0

2 years ago

A merchandiser returned inventory worth $1,400 that was purchased on account. Under the periodic inventory system, the joumal

cestrela7 [59]

Answer:

a debit to Accounts Payable for $1,400 and a $1,400 credit to Purchase Returns allowances

Explanation:

Periodic inventory system is one that updates information on inventory on a periodic basis. This is opposite of perpetual inventory system that requires update of inventory system at all times.

In the scenario the merchandiser bought the goods on account. That means he did not pay cash but rather bought on credit.

On purchasing the items accounts payable will be credited thereby increasing the account balance.

Since the items are being returned a debit will be applied to accounts payable resulting in a decrease in the account balance.

A credit will now be posted to purchase returns allowances to show that products have been returned by a buyer

4 0

2 years ago

Over time, technological advance increases consumers' incomes and reduces the price of smartphones. Each of these forces increas

viva [34]

Answer: The correct option is C. One, zero.

Explanation:

When income elasticity is greater than one, it indicates that the quantity demanded is greater than the rise in income.

As quantity demanded increases, it will lead to a decrease in price to the extent that the percentage change in price will outweigh the percentage change in quantity demanded, meaning that the price elasticity is greater than zero.

When these two elasticities are combined, the resulting effect will be an increase in the level of consumer spending on smartphones.

7 0

3 years ago

What are the three stages at which advertising evaluation occurs, and what do marketers evaluate at each stage? What are the dif

krek1111 [17]

Answer:

There are 3 phases of advertising: Awareness (audience building), Consideration (lead generation and obtaining authority), and Conversion (nurture and sales). Advertising has a history going back millennia. In fact, the origins of advertising go back to ancient times or even earlier, right to the stone age. From rock carvings and papyrus to the radio and T.V. and the latest addition of online advertising, the journey of advertising has been a most metamorphic one.

1. Pre-test and Post Test: Pre-test implies testing advertising message before it is sent to specific media.

2. Communication and Sales Effect Test.

3. Laboratory and Field Test.

4. Experimental and Survey Test.

5. Message and Media Effect Test.

Inquiry tests: It is controlled experiment conducted in the field. In inquiry test, the number of consumer inquiries produced by an advertising copy or the medium is considered as to the measure of its communication effectiveness.

Copy testing often evaluates ad based on demographics and certain changes in the ad are made with respect to its demographics. Memory tests (recall/recognition), direct response tests, persuasion tests, continuous measurement tests, psychological response tests are some of the quantitative methods of copy testing.

(My Answer^)

Explanation:

(Plato Example Answer) : Advertising evaluation can occur at three different stages: during ad in preparation, after the ad launches in the market, and while the ad campaign is running in the market.

During the first stage before the ad’s launch, marketers use pre-testing methods to evaluate an ad’s effectiveness. They help a company identify and correct flaws in its ad copy through trials or surveys. Randomly selected consumers view the ad. Based on the data gathered from their responses, the company will make changes in the ad copy or select one ad from among different ad alternatives. Various aspects of an ad copy, such as colors, message, language, design, etc., might change or gain further approval based on the results of these tests. Pre-testing methods include consumer jury methods such as an order of merit test or paired comparison test, advertising concept test, direct mail test, and in-home projection test.

During the post-testing stage after the ad’s market launch, marketers use post-testing methods to measure ad effectiveness. These tests help in gauging the immediate effect that the ad campaign has had on consumers and determine whether the ad has succeeded in achieving its goals. Post-testing methods also make use of randomly selected samples of respondents from the market. The methods include a rating scale test, day-after recall test, portfolio test, and association test.

The ad campaign is continuing its market run. During this stage, marketers use concurrent testing methods to evaluate ad effectiveness. If properly implemented, the tests can help the company to adapt an ad campaign to make it more effective. Concurrent testing methods also help advertisers to decide which expenses to curtail. These methods depend on observing consumers’ reactions to the ad and thus determining how consumers perceive the ad. Concurrent testing methods include telephone surveys, interview tests, and passers-by count tests.

If I were an advertiser, I would spend money on pre-testing methods because they would help me to make critical changes in an ad’s content before it goes out in the market. These methods of measuring ad effectiveness are more proactive. For instance, an advertising concept test can help in gathering consumer responses regarding various aspects of an advertisement. I would make sure that the sample selected for these tests is large enough so that it would leave little room for uncertainty regarding the ad’s effectiveness. In addition, I would use more than one method to measure the effectiveness of my ad campaign.

4 0

2 years ago