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Ahat [919]
2 years ago
5

Paul Solomon is the owner of Solly's, an upscale restaurant in Tampa, Florida. Each year, Paul spends about $150,000 in advertis

ing. As this year's ad budget decision must be made, Paul decides that he wants to know just how good his advertising dollars are working for him. He hires Getty Research Associates who recommend that he establish a baseline of awareness. Getty recommends a TOMA study which stands for Top-of-Mind-Awareness. TOMA studies consist of taking a probability sample of the population and asking respondents to name the first three "insert type of business here." Obviously, for Solly's, Getty would be asking respondents to name the top three restaurants in the area. The percentage of respondents that named Solly's would be a baseline measure of awareness, and future promotions could be evaluated in terms of whether or not they increased awareness. While Paul was intrigued with online surveys because they were fast and less expensive, Getty recommended a traditional telephone survey using the local Tampa directory. Getty also explained to Paul that "Plus One dialing" could be used to ensure that unlisted numbers were included. Though the directory was quite large and no electronic version was available, Getty felt they could efficiently draw the sample using a:A) simple random sampleB) judgement sampleC) stratified sampleD) cluster, area sampleE) systematic sample
Business
1 answer:
Papessa [141]2 years ago
4 0

Answer:

E. systematic sample

Explanation:

Base on the scenario been described in the question, Paul Solomon the owner of Solly's, an upscale restaurant in Tampa, Florida, wants to know how good his advertising dollars is work, he hires Getty research to do this, Getty research advised to do a TOMA study, for Getty to draw it samples, they have to use systematic sampling.

Systematic sampling is a statistical method sampling that involves the selection of elements or members from a well ordered sampling frame.

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Describe how the mobile device has become a prominent way for companies to interact with their clients. In what ways do you see
liq [111]

Answer:

Mobile device eases the process of providing and receiving feedback. If your customers have concerns or problems with what your business offers, they can let you know in a timely manner. Mobile device gives customers a convenient and accessible way to express what they feel and gives companies a chance to respond. With such platforms, businesses are able to view complaints and assure their customers that their problems will be dealt with.

Explanation: the way I see the advantage of mobile devices evolving in the next 5 years.

it will be very easy for customers to get their orders at their doorstep without going out of their comfort Zone which is also happening now but by there the service will be faster.

Easy access to desired product and services

It will make work easier for the organization and also on time delivery for the client.

8 0
2 years ago
For a given set of underlying real estate properties, the type of real estate index that is most likely to have the lowest stand
liberstina [14]

Answer:

The answer is Letter B, appraisal index

Explanation:

Because appraisal index returns are based on estimates of property values.  Estimating values tends to introduce smoothing into returns data, appraisal index returns are likely to have lower standard deviations than index returns based on repeat sales, trading prices or REIT trading price.

5 0
3 years ago
Patagonia managers look for employees who actively participate in the sport they design products for (i.e. a surfboard shaper ha
pochemuha

Answer:

job requirements or qualifications

Explanation:

Job requirements or qualifications refers to the set of skills, abilities, work experience, educational background, hobbies, etc., that the company considers are necessary for a candidate to possess in order for him/her to successfully perform the tasks related to the job opening.

In this case, Patagonia uses personal hobbies and lifestyle as part of their requirements for applying for a job, other companies might focus more on leadership skills, education, experience, but it depends on the type of product or service that the company sells.

4 0
2 years ago
XYZ Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company worked
larisa [96]

Answer:

Standard hours= 1,200 hours

Explanation:

Giving the following information:

XYZ Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product.

During October the company worked produced 300 units.

<u>First, we need to calculate the standard hour per unit:</u>

Standard hour per unit= 1,000 / 250= 4 hours per unit

Now, the standard hours allowed for 300 units:

Standard hours= standard hour per unit*number of units

Standard hours= 4*300

Standard hours= 1,200 hours

3 0
2 years ago
The analysis tool that lists products in descending order of their individual dollar contribution to the firm is:
Sonja [21]

Answer:

Product Life Cycle Analysis

Explanation:

6 0
2 years ago
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