Some of the major functions of marketing are-
<u>1. Promotion</u>
Promoting fosters emblem cognizance even as educating target audiences on a brand's services or products. It emphasizes introducing ability consumers on your emblem. This function of advertising varies in form, and advertising experts tailor every form to relate to a specific product, brand or target market.
<u>2. Selling</u>
Selling is a feature of advertising and marketing that comprises communicating with capacity customers and pursuing income leads. it's critical for advertising and marketing experts to pursue income leads with subtlety, which facilitates them construct relationships with capacity clients. As verbal exchange with a potential client progresses, a hit marketers can also introduce their product and solution questions customers can also have.
<u>3. Product management</u>
Product control consists of the improvement, design and improvement of products or services. The role of a marketing in product management is to make certain that a completed product meets consumer desires.
<u>4. Pricing</u>
Establishing a fee for a product contains several factors of fee and value. preferably, entrepreneurs find a price between clients' perceptions of a product's cost and the real cost of manufacturing it.
<u>5. Marketing information management</u>
You can optimize your advertising and marketing techniques when you attention on facts and statistics. it is vital to gather and keep statistics, inclusive of client options and demographics. frequently, this records without delay relates in your target market for your products and services.
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Answer:
C.Clarify the situation, and ask specific questions about the overseas company's cultural and ethical practices. Also, ask what your company policies are regarding intercultural ethics.
Explanation:
In doing business with foreign cultures one needs to know the expected way transactions are conducted in the country.
A senior executive told you on conference call that you should increase expense amount because when you travel abroad for a trip you will give $5,000 each to top executives of a large account.
In your locale it may be considered bribery, but in the foreign country it may be rude not to give a gift when doing business.
So you need to clarify what acceptable ethical practices are with the foreign company.
Answer:
Answer is a) debit, actual
Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead
Explanation:
Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes
Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.
<em>The Manufacturing Overhead Account will have the following entries:</em>
Transfer to work in Progress figure - credit (with applied overheads)
Bank - debit (actual overhead)
Balancing figure or shortfall - debit (over-applied)
Answer:
True
Explanation:
Space brokers can be considered a primitive type of advertising agent. Space brokers bought space in newspapers in bulk, and therefore received a discount. They assumed the risk of not being able to sell the spaces and lose money while the newspapers benefited from sure sales. When the space brokers sold the space to their clients, they could charge them the normal newspaper rate (without discount) and they would still make money. This is similar to modern day advertising agencies that collect fees from media companies for placing ads.
