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Valentin [98]
3 years ago
7

Which of the following statements is true of direct marketing? Direct marketers can target only large groups of customers whose

demographic features have not been determined. Online direct marketing results in higher cost-per-contact for the company when compared to traditional mass marketing strategies. Direct marketing is immediate, interactive, and gives consumers a lot of control in making purchases. For buyers, direct marketing is an inconvenient and lengthy process. Direct marketers offer a limited selection of products and services to customers.
Business
1 answer:
Lady bird [3.3K]3 years ago
6 0

Answer:

The correct answer is: Direct marketing offers sellers a low-cost alternative for reaching their markets.

Explanation:

Direct marketing generally consists of creating direct connections or links with potential consumers in order to cultivate as long-lasting business relationships as possible. Achieve a closeness of constant loyalty with them.

Sellers or direct sales consultants often communicate with customers interactively, that is, one by one. With the help of detailed databases, they adapt their offers and marketing communications to the needs of narrowly defined segments or even individual buyers.

The first sellers or direct sales consultants (such as catalog sales companies, direct mail and telemarketers), collected customer names and sold items mainly by mail and telephone. Today, direct marketing has undergone an impressive transformation driven by rapid advances in database technologies and new marketing media, especially the internet.

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Blossom Company began operations in 2020 and determined its ending inventory at cost and at LCNRV at December 31, 2020, and Dece
Nat2105 [25]

Explanation:

The journal entries are as follows

On December 31, 2020

Cost of goods sold $24,650

      To Allowance for reduction in inventory to NRV $24,650

(Being the cost of goods sold is recorded)

It is computed below:

= $379,880 - $355,230

= $24,650

On December 31, 2021

Allowance for reduction in inventory to NRV $3,640

             To Cost of goods sold $3,640

(Being the allowance for reduction is recorded)

It is computed below:

= $24,650 - ($445,440 - $424,430)

= $24,650 - $21,010

= $3,640

6 0
3 years ago
Consider the following information pertaining to OldWest's inventory:
kipiarov [429]

Answer:

$2,664

Explanation:

Generally Acceptable Accounting Principles requires that the closing inventory should be valued at lower of cost and Net realizable value.

Product     Quantity    Total Cost     Total Net Realizable Value

Revolvers      13           $126              $155

Spurs             22          $32               $27

Hats               9            $58               $48

Choosing Which one is lower for each product

Product     Quantity    Rate        Total Value

Revolvers      13           $126              $1,638

Spurs             22          $27               $ 594

Hats               9            $48               $432

Total Closing Inventory Value = $1,638 + $594 + $432 = $2664

4 0
3 years ago
Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $4.1 million. The patent will b
Artemon [7]

Answer:

the patent amortization expense for the year 2021 is $231,000

Explanation:

The computation of the patent amortization is shown below:

= (Acquired value of the patent - ending value) ÷ legal life

= ($4,800,000 - $180,000) ÷ 20 years

= $231,000

We simply applied the above formula so that the correct value could come

Hence, the patent amortization expense for the year 2021 is $231,000

7 0
3 years ago
Marlin Corporation reported pretax book income of $1,003,000. During the current year, the net reserve for warranties increased
Maksim231197 [3]

Answer:

Explanation:

pretax book income 1,003,000

warranties increased 25,600

depreciation exceeded tax depreciation 100,300

dividends received deduction -15,300

Net amount $1,113,600

Taxable amount is $1,113,600

In order to find income tax expense or benefit, multiply the taxable amount by tax rate.

7 0
3 years ago
Read 2 more answers
How did woodrow wilson try to regulate the economy? wilson attacked foreign goods and erected trade barriers against them. wilso
WITCHER [35]

The Correct Option :<u> Wilson </u><u>attacked foreign goods</u><u> </u><u>and erected trade barriers against them.</u>

<h3>How did Woodrow Wilson regulate the economy?</h3>

Woodrow Wilson claimed his place within the Progressive movement with his economic reform package, "the New Freedom." This agenda, which passed congress at the end of 1913, included tariff, banking, and labor reforms and introduced the income tax.

Wilson's most important proposal was the prevention of future wars by means of a new international organization, a league of nations, open to membership by all democratic states.

This new world body would be in charge of disarmament and the dismantling of colonial possessions.

<h3>Who was Thomas Woodrow Wilson ?</h3>

Thomas Woodrow Wilson was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of Princeton University and as the governor of New Jersey before winning the 1912 presidential election.

Therefore, we can conclude that the correct option is : <u>Wilson </u><u>attacked foreign goods</u><u> </u><u>and erected trade barriers against them. </u>

Learn more about Woodrow Wilson on:

brainly.com/question/13626382

#SPJ4

8 0
2 years ago
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