Answer:
Ensure that customers can find the firm when they search for information on products and services.
Explanation:
Inbound marketing involves attracting customers to a business's products and services by improved customer service and building trust.
Various channels that can be used for inbound marketing are social media, content marketing, search engine optimisation, and branding.
Outbound marketing on the other hand involves pushing out of various products an services to customers via various channels.
Steps in inbound marketing are:
Define the customer
Understanding customer purchase cycles
Establish potential customer
Build loyalty
Use customer relationship management (CRM)
Content management
Answer:
Results are below.
Explanation:
Giving the following information:
<u>The flexible budget is adapting the standard costs to the actual quantity.</u>
<u>Fabricating Department:</u>
Depreciation= $2,300
Standard hourly rate= 2,300/640= $3.594
The department completed 600 hours of production.
Actual budget:
Depreciation= 2,300
Direct labor= 3.594*600= 2,156.4
Total cost= $4,456.4
<u>Grinding Department:</u>
Property tax= $30,000
Standard hourly rate= 55,200/2,400= $23
The department completed 2,900 hours of production.
Actual budget:
Property tax= $30,000
Direct labor= 23*2,900= 66,700
Total cost= $96,700
Answer: The correct answer is "financial intermediary".
Explanation: In this case, Monfax is an example of a <u>financial intermediary.</u>
A financial intermediary is one that helps finance transactions or also the one that insures those interested against any risk associated with the purchase and sale of goods. Some examples are: banks, insurance companies, credit companies, etc.
Answer:
The correct answer is Employees benefit from feedback that occurs so often they know what will be said in their annual review.
Explanation:
A good performance management system works to improve the overall execution of the organization by managing compliance of its teams and individuals. In this way, ensure that the ambitions and general objectives of the organization are met. An effective performance management system can play a crucial role in the overall management of an organization for the following reasons:
- Ensure that employees understand the importance of their contribution to the overall ambitions and objectives of the organization.
- Ensure that each employee understands what is expected of him, as well as determining whether employees possess the skills and support required to meet such expectations.
- Ensure adequate alignment or link objectives and facilitate effective communication throughout the organization.
- Facilitate a cordial and harmonious relationship between the employee and the line manager based on trust and empowerment.
Answer:
$370.69
Explanation:
Given the following :
Capacity (n) = 430
Cost incurred by airline per flight = $4000 + $60 per passengers
If ticket price = T ; (430 - 0.58T) are expected to book.
Determine the ticket price, T, that will maximize the airline's profit.
Profit = Revenue earned - cost incurred
Revenue earned = capacity * price = nT
Cost incurred = $4000 + $60n
Profit = nT - (4000 + 60n)
If ticket price = T ; (430 - 0.58T) are expected to book. Then n = (430 - 0.58T)
Profit = (430 - 0.58T)T - ($4000 + 60(430 - 0.58T))
Profit = 430T - 0.58T^2 - ($4000 + 25800 - 34.8)
Profit = 430T - 0.58T^2 - 4000 - 25800 + 34.8
Profit (P) = - 0.58T^2 + 430T −29834.8
Taking the first derivative of P
P' = 2(-0.58T) + 430
P' = - 1.16T + 430
Hence solve for price (T) when P' = 0
0 = - 1.16T + 430
1.16T = 430
T = 430 / 1.16
T = 370.68965
Price = $370.69