1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ksenya-84 [330]
3 years ago
12

Probably the most critical 'premise' of the marketing concept is that the firms should focus on identifying and satisfying custo

mers' needs i.e. the customer should be 'central' to everything the firm does.
True or False?
Business
1 answer:
faust18 [17]3 years ago
3 0

The statement, "Probably the most critical 'premise' of the marketing concept is that the firms should focus on identifying and satisfying customers' needs i.e. the customer should be 'central' to everything the firm does" is true.

<u>Explanation:</u>

First of all, simply putting the customers first means a company places a customer requirements and desires above all else. Such an organisation aims to develop healthy contacts with its clients by recognising their interests and supplying its customers with either the best possible experiences.

Demand input from their consumers at any point in the project to determine the requirements of their clients.  

For example, through market research, going to listen to your clients or social media or researching keywords, you can detect customer requirements in a wide range of ways.

You might be interested in
The ________ simplifies the interaction of two groups, firms and households, and allows us to make predictions about economic be
vladimir1956 [14]

Answer:

Circular flow diagram.

Explanation:

The circular flow diagram simplifies the interaction of two groups, firms and households, and allows us to make predictions about economic behavior.

The firm sells their goods and services in the market while the household buys these goods and services.

Hence, the circular flow diagram represents the interaction between the household and firms with respect to the market.

3 0
3 years ago
Sprague Company has been operating for several years, and on December 31, 207, presented the following balance sheet.
Firdavs [7]

Answer:

A. Current Ratio= 2.63

B. Acid-Test Ratio = 1.44

C. Debt to Assets Ratio 51.16%

D. Return on assets 5.81%

Explanation:

a. Calculation forn Current Ratio

First step is to Calculate the Total Current Assets

Cash 40,000

Receivables 75,000

Inventory 95,000

Total Current Assets 210,000

Now let calculate Current Ratio

Current Ratio= Current Assets / Current Liabilities

Current Ratio=210,000/80,000

Current Ratio= 2.63

b Calculation for Acid-Test Ratio

Acid-Test Ratio=(Current Assets - Inventory) / Current Liabilities

Acid-Test Ratio =(210,000-95,000)/80,000

Acid-Test Ratio =115,000/80,000

Acid-Test Ratio = 1.44

c. Calculation for Debt to Assets Ratio

First step is to calculate total Debt

Accounts payable 80,000

Mortgage payable 140,000

Total Debt 220,000

Now let calculate the Debt to Assets Ratio

Debt to Assets Ratio= Total Debt/ Total Assets

Debt to Assets Ratio=220,000/430,000

Debt to Assets Ratio= 51.16%

d. Calculation for Return on assets

Return on assets= Net Income/ Average Assets

Return on assets=25,000/430,000

Return on assets 5.81%

4 0
3 years ago
When the economy starts expanding there is a/an __________ in the term premium and a/an ___________ in the risk premium. Group o
makkiz [27]

Answer:

Increase in premium

Decrease in the risk premium

Explanation:

Premium can be  defined as the rewards earned by investors who has decided to engage in new businesses in a risk free state while risk premium is defined as the excess reward earned above the free risk rate that is expected to earn in the course of investment.In order word , it is a form of compensation for the risk undertaken .

As economy starts expanding , one of the consequences is that the premium will increase while the development reduces related risks and risk premium reduces.

3 0
2 years ago
In the ________ model of informed consent, personal information can be collected until the consumer specifically requests that h
slava [35]

Answer:

"Opt-out " is the correct answer.

Explanation:

  • A paradigm using the implicit authorization of existing people who receive is considered as Opt-out model, consumers are considered ready to consume the communications even though they have sufficient choice to decline such.
  • This is indeed a phrase being used for the approach regarding direct sales messaging from the States.
7 0
2 years ago
A three-year annuity-immediate will be issued a year from now with annual payments of 5,000. Using the forward rates, calculate
vladimir1956 [14]

Answer:

13,152.5

Explanation:

Given the the above parameters as mentioned in the question

To calculate the PV (Present Value)

We have PV = 5000 * 1.05 * [ 1/(1.0575)² + 1/(0.625)³ + 1/(1.065)⁴]

PV = 5000 * 1.05 * (0.8942094350 + 0.8337064929 + 0.7773230908) =

=> PV = 5000 * 1.05 * 2.5052390187

= 13,152.50

Therefore, in this case, using the forward rates, the present value of this annuity a year from now is 13,152.50

6 0
3 years ago
Other questions:
  • Assuming a country's economy maintains an 8% rate of growth, young adults starting at age 20 would see the average standard of l
    8·1 answer
  • You borrow $210,000 to purchase a home. the terms of the loan call for monthly payments over 30 years at a mortgage rate of 4.50
    9·1 answer
  • Amanda Jones is a tax practitioner who is representing Sean and Diane Smith before the Wage and Investment Division of the Inter
    7·1 answer
  • The equation representing the consumption schedule for the economy is:
    14·1 answer
  • The Adams Corporation, a merchandising firm, has budgeted its activity for November according to the following information:
    12·1 answer
  • a granary allocates the cost of unprocessed wheat to the production of feed flour and starch 100000. how much of the 120000 cost
    7·1 answer
  • Claude received notice that his disability benefits had ended and that he must resume working. Is Claude entitled to a hearing?
    10·2 answers
  • IKEA has essentially changed the way people shop for furniture. Discuss the pros and cons of this strategy, especially as the co
    11·2 answers
  • Suppose that the market for painting services is perfectly competitive. Painting companies are identical; their long-run cost fu
    6·1 answer
  • One current answer to the historical struggle within management to balance the things of production and the humanity of producti
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!