Answer:
In the competitive-parity method of setting an advertising budget, the budget is set based on <u>competitors’ advertising activities and costs for setting advertising budget.</u>
Explanation:
In competitive Parity Method,competition is one of the powerful factors affecting marketing strategy and performance.
This is evident during board meeting presentation by marketing and advertising strategists. The give the information gathered from research about other competitive firms budget because they know that competitive factor is given more importance in deciding advertising budget.
For instance, if their close competitors spend 4.5% of net sales on their advertising budget, the company will plan to spend, more or less.
That is the information that the budgeting committee enters on the budgeting plan for the period in view.
Here, there is a general belief that “competitors or leaders are always right.” thereby making decisions about budgeting competition driven.
This method considers the competitors’ advertising activities and costs for setting advertising budget. The advertising budget is fixed on the basis of advertising strategy adopted by the competitors.
Answer: Capitalism
Explanation: Capitalism can be defined as that free market economic system in which most of the industries in the economy are controlled by the private owners rather than the state.
This type of market structure is usually followed by most of the western countries of the world in which most of the necessities like electricity and water supply, transportation like railways are controlled by private entities.
Answer:
$237,121.76
Explanation:
Compounding is the computation of the future value of a present amount while the opposite of compounding which is the determination of a present value of a future amount is discounting. the relationship between present and future value is given as
Fv = Pv (1 + r)^n
where
Fv = future value
Pv = Present value
n = time
r = rate
Fv = 217000(1 + 0.03) ^3
= $237,121.76
The worth of the home purchased 3 year ago now is $237,121.76
Answer and Explanation:
In simple words, empathy refers to the capability to understand and share the feelings for another person. It contains a long way fro building trust and develops a positive relationship.
Now just take an example suppose a person help the client so he would represent the empathy by speaking in soft spoken language so that the confidence and the trust in the company products could be seen. Also it does not permit the person to fulfill the customer demand as per the company policies.
Answer:
Dividens paid in 2015: $85.000
Explanation:
TOTAL ASSETS 972.500
TOTAL LIABILITIES 450.000
Common Stock $ 370.000
Retained Earnings $ 152.500
TOTAL EQUITY $ 522.500
Retained Earnings Report
Opening retained earnings $ 0
Add: Net Income $ 237.500
Subtotal $ 237.500
Less: Dividens -$ 85.000
Total $ 152.500
