I think the answer would be false. Marketing does not primarily consists of only advertising a product or service. It involves with the buying and selling of a product or a service. It would include advertising, selling of the products and the delivery of these products to the consumers. It should be able to coordinate the 4P's in marketing namely the product, the price, the place and the promotional strategy. So, it is not mainly advertising a product or a service.
Answer:
a. Define the basic business functions that you need the software to be able to perform.
Explanation:
The main function of a business needs to be determined so that business strategy can be formulated. The office manager has made an agreement to spend up to $1000 on the new software. It is now required to determine the basic functions which are needed in the new software for business functioning.
According to the four-level pyramid model, we have the following
1) Executive information systems.
2) Decision support systems.
3) Management information systems.
4) Transaction processing systems.
Having said that, An executive information system (EIS) is a decision support system (DSS) used to support senior executives in the decision-making process. It does this by presenting easy access to important data needed for strategic decisions about a company. EIS is also known as Executive support system (ESS)and it usually features graphical displays on an easy-to-use interface.
Executive support systems can be utilized in different types of companies to control and monitor business operations as well as to identify possibilities and problems. One of the major characteristics of EIS is that it is mainly used by senior executives.
Therefore, based on the above analysis, the C.E.O, Mr. Matthew, will make use of the EXECUTIVE INFORMATION SYSTEM to make strategic decisions.
Answer:
$2
Explanation:
Given that
The fixed cost = $100
Cost on wool if 10 sweater are made in a month = $15
Cost on wool if 11 sweater are made in a month = $17
Since it involves no other cost
So, the marginal cost of the eleventh sweater is
= Cost on wool when 11 sweater made in one month - Cost on wool when 10 sweater made in one month
= $17 - $15
= $2
Answer:
D)5,000; 7,000
Explanation:
Public is holding 2000 econs and banks reserves are 300 econs. It is mentioned that reserve requirement is 10%.
So total bank deposits must be 3000. Money supply in the economy is (3000 + 2000 = 5000)
When the reserve ratio is 0.1, that means the money multiplier is 10.
If there is an additional inflow of currency because of printing 200 econs by central bank then because of multiplier effect it will be 2000 econs.
Money supply from earlier 5000 econs will become 7000 econs.
Option D is correct.
