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Serhud [2]
3 years ago
9

Jesse is the marketing manager for a large Midwest-based producer of food products. He is in the process of developing the_____,

which takes into consideration the marketing strategies for product, price, promotion, and place.
Business
1 answer:
Blizzard [7]3 years ago
8 0

Answer:

Marketing Mix

Explanation:

Marketing mix is a combination of various components which are controlled by an organization or firm aimed at influencing a consumer's desire in purchasing their products. It is centered upon the historical 4Ps of marketing which are

1. Place

2. Promotion

3. Product, and

4. Price.

It is the method or technique used in taking or rather introducing or new product or service to the market. It is a group of tools used by businesses and marketers in selling their products and services to the buyers and final consumers.

You might be interested in
Dollar store purchases merchandise for $1,500 on terms of 2/5, n/30, fob shipping point, invoice dated november 1. 5 dollar stor
gavmur [86]

Answer:

Inventory  1500

Accounts Payable  1500

--to record purchase--  

Inventory  

Cash  

--to record payment of freights--  

Accounts Payable  200

Inventory  200

--to record returned goods--  

Accounts Payable  1300

Inventory  26

Cash  1274

--to record payment within discount--  

Inventory  90

Cash  90

--to record payment of freights--  

Accounts Receivables  1600

Sales Revenues  1600

--to record sale--  

COGS  800

Inventory  800

--to record COGS of the previous sale--    

Sales Returns  160

Accounts Receivables  160

--to record returned goods--  

Cash  1,440

Accounts Receivables  1440

--to record collection--  

Inventory  80

          COGS          80

--to record returned but, useful goods--  

Explanation:

We reduct from the balance of the account the returrned goods:

1,500 - 200 = 1,300 then we calcualte the discount of 2 = 26

net cash outlay: 1,300 - 26 = 1,274

The freight are part of the necessary cost to acquire the goods so it increase the inventory valuation

as the returned goods are still in good conditions we can returned to our nventory and decrease thecost of good sold associate with the sale.

8 0
3 years ago
Anton believes his company's overhead costs are driven (affected) by the number of machine hours because the production process
natali 33 [55]

Answer:

Allocation rate is $40

Explanation:

The overhead cost allocation rate is the overhead costs incurred divided by the appropriate overhead driver.

The driver is that factor that causes overhead to be incurred.Since the company production process is heavily automated,the driver of overhead is machine hours.

The total machine hours in this regard is 250(200 hours for Product A while it is 50 hours for product B)

Overhead allocation rate=$10,000/250=$40

5 0
3 years ago
true or false. GDP measures total expenditures on final goods and services during a given period of time
Andreas93 [3]

True.

Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a period of time, often annually GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation rates of the countries; therefore using a basis of GDP per capita at purchasing power parity (PPP) is arguably more useful when comparing differences in living standards between nations.


7 0
3 years ago
7,500.00 is invested at an APR of 4.9% compounded semi annually (twice per year). Write a numerical expression that would comput
trasher [3.6K]

Answer:

Explanation:

13 years would be a time in the future hence you use future value formula.

Future value formula is FV = PV*(1+r)^n

r = interest rate; in this case it is the semiannual rate = 0.049/2 = 0.0245 as a decimal.

pv = principal amount invested = 7,500.00

Duration of investment; in this case, number of semi-annual periods =  13*2 = 26

The expression would be ; 7500(1.0245)^26

7 0
3 years ago
Healy Corporation recorded service revenues of $200,000 in 2014, of which $80,000 were on credit and $120,000 were for cash. Mor
Luba_88 [7]

Answer:

$140,000

Explanation:

Computation of the company’s net income for 2014.

Using this formula

Net income=Revenue – Expenses

Let plug in the formula

Net income=$200,000 - $40,000+$20,000

Net income= $140,000

Therefore the company’s net income for 2014 will be $140,000

6 0
3 years ago
Read 2 more answers
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