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Irina-Kira [14]
3 years ago
8

Decision Point: Your Second Meeting: Furniture Assembling of wooden table with screwdriver Your next client is a retailer of rea

dy-to-assemble furniture. He’s sent you the following report: Easy Lifestyle Furniture Popular ready-to-assemble bedroom, living room, and office furniture. Three store locations in the state as well as online sales. Product line has been on the market for 2 years. Sales are steady, but untapped sales potential exists. Heavy marketing efforts have already taken place. Pricing is at or near market prices for competitors’ products. What should you recommend to increase sales? Select an option from the choices below and click Submit.
Business
1 answer:
drek231 [11]3 years ago
4 0

Answer:

Increase sales force need and commence prospecting

Explanation:

With scenarios like existence in market for over two years, existence of untapped potentials in the sales unit, and a great marketing opportunity that abound with moderate pricing, such furniture business only requires to immediate prospecting to potential client whose needs are in tune with their furniture products and establish a proposal. Also, the sales force should practice the lead approach in their prospecting such that every discussion with an initial prospect should generate lead to three other persons. With this process and a fair market price in a competitive market, coupled with product quality will yield the expected turnover after a projected period.

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If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by 2 percentage point
Arturiano [62]

Answer:

The given question is not complete. So, the correct and complete question is given below.

Suppose that consumer spending initially rises by $5 billion for every 1 percent rise in household wealth and that investment spending initially rises by $20 billion for every 1 percentage point fall in the real interest rate. Also assume that the economy's multiplier is 3.

a. If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by 2 percentage points, in what direction and by how much will the aggregate demand curve initially shift at each price level? b. In what direction and by how much will it eventually shift?

The solution of this question is given below in the explanation section

Explanation:

a)If household wealth falls by 5 percent because of declining house values, and the real interest rate falls by 2 percentage points, in what direction and by how much will the aggregate demand curve initially shift at each price level?

<u>Solution:</u>

Household wealth falls by 5 percent, so the consumer spending will decline by $5 billion per 1%.

Therefore, we first calculate the declining in consumption of household.

Decline in consumption=5 billion x 5% = $250 million

So,consumption in Aggregate demand falls by $250 million .

Now, we will calculate the declineing in interest rate:

Decline in Interest rate = 2% and investment speding increases by $20 billion for every 1%

Therefore, increase in investment spending = $20 billion x 2% = $400 million

Now, we will calculate the change in aggregate demand (AD)

Change in AD = change in consumption + change in investment

= 400 - 250 million = $150 million

Initially, aggregate demand curve shifts to the right by $150 million but the shift will be bigger due to the multiplier effect.

b) Given multiplier = 3

So, Real GDP changes by $150 million x 3 = $450 million

So,initially Aggregate demand curve shift to the right by $150 million but eventually shifts to the right by $450 million due to the multiplier.

7 0
3 years ago
An annuity will pay $1000 per year for 10 years, starting five years after today. What is the present value (PV) of this annuity
vodka [1.7K]

Answer:

$5,007.72

Explanation:

Present value is the sum of discounted cash flows.

Present value can be calculated using a financial calculator.

Cash flow each year from year one to five = 0

Cash flow each year from year six to fifteen = $1000

I = 7%

Present value = $5,007.72

To find the PV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

7 0
3 years ago
H&amp;R Block launched a $100 million marketing campaign to parlay the company's intimate knowledge of 20 million customers' fin
Stells [14]

Answer:

reposition

Explanation:

Reposition -

It is the method by which the status of the brand is changed in comparison to that of the other competing brands , is knows as the process of  reposition .

This process is affected by the changes occurring in the marketing mix against the change in the market , or it could be any reason which disables the objective of the brand's market .

hence , from the question , the correct term for the given information is reposition .

7 0
3 years ago
What are<br> marketing strategies best utilized for?
alex41 [277]

Answer: They are best for making your business better and making more profit out of it, here are some tips to help you

Explanation: Educate with your content.

Personalize your marketing messages.

Let data drive your creative.

Invest in original research.

Update your content.

3 0
3 years ago
A company investing borrowed funds expects to earn a return greater than the interest it will pay for the use of funds is using
Naddika [18.5K]

Answer:

Financial leverage

Explanation:

Financial leverage is defined as the use of borrowed funds to perform a business activity or investment that is expected to have higher returns than the cost of borrowing the money (interest).

When a company is looking for funds for its activities there are 3 options they can use: equity, debt, or lease.

Use of equity is the only option where no extra cost is incurred for use of funds.

When using debt or lease cost of use is incurred. The business will need to engage in an activity that will give it revenue above cost of debt.

This practice is called use of financial leverage.

3 0
3 years ago
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