Answer:
The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.
Explanation:
Answer:
Prioritized list
Explanation:
Step 3 of the decision-making process is to identify alternatives or options. Therefore, finding many options so that the individual cannot make any wrong decision during the time of choosing the right option. If the person identifies the various options, he or she can choose the most optimal list. In that case, testing, or brainstorming activity cannot help to proceed with alternatives. Prioritizing the list will be helpful to approach in 3rd step to find the best possible options. Therefore, option D is the answer.
Answer: The change will be $400 billion.
Explanation: The marginal propensity to consume (MPC) is used to explain that increase in consumption is as a result of increase in income.
To calculate how much the equilibrium real GDP will change:
STEP1: CALCULATE THE MULTIPLIERS
multipliers = 1 ÷ (1 - MPC)
Where MPC = 0.
Therefore;
Multipliers = 1 ÷ (1 - 0.5) = 1 ÷ 0.5
Multipliers = 2
STEP 2: CALCULATE HOW MUCH THE EQUILIBRIUM REAL GDP WILL CHANGE;
Multipliers × change in consumption spending
2 × $200 billion = $400 billion
Equilibrium real GDP will change with $400 billion
Answer:
Instructions are below.
Explanation:
Giving the following information:
Selling price= $90
Unitary variable cost= $36
Fixed costs= $135,000
First, we need to calculate the contribution margin per unit.
Contribution margin= selling price - unitary variable cost
Contribution margin= 90 - 36= $54
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 135,000 / 54
Break-even point in units= 2,500 units
Answer:
parametric estimating
Explanation:
parametric estimating - it is referred to as a technique that is induced to calculate the exact cost and duration for any project. It defined the relationship between the variables (published data) needed to estimate the cost and duration. it determined the total number of units that need to be required and unit cost for a particular project. The main application of this technique is seen in filed like engineering, life science, etc.
