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3 years ago

When considering marketing's place in the economy, what is the most important role the marketing function plays?

Business

1 answer:

poizon [28]3 years ago

5 0

Answer:

B. Creating value for customers.

Explanation:

Marketing is all about building values for customers. Its about creating customer relationships which are profit generating. Any company or brand has a value proposition. It is the set of benefits the company promises to deliver to the consumer to satisfy his/her needs. Thus marketing is the bridge which connects the brand with the customers perceived value of the brand. It makes sure the customer pledges loyalty to the brand, by delivering on its promises on the value proposition. Thus, the most important role that marketing plays in the economy is Creating Value for Customers.

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On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the

slamgirl [31]

Answer:

Balance as per cash book $ 8,445

Adjustments to be recorded in cash book

Less: Bank Service Fees $ ( 310)

Add: Note receivable $ 6,600

Add: Interest earned $ 1,120

Adjusted cash balance $ 15,855

Balance as per bank statement $ 12,895

Add: Deposits in transit ( $ 74,640 - $ 71,375) $ 3,265

Less: Unpresented cheques ( $ 72515- 71270) $ (1,245)

Add: Correction of error $ 940

Adjusted bank balance $ 15,855

Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

3 0

3 years ago

What role can the private sector play in poverty alleviation?

cupoosta [38]

Through employment and engaging communities thru comprehensive business models, the private sector can play a significant role in poverty alleviation.

As it brings community members into the value chain thus making it a more sustainable relationship, this approach is makes it different from just social corporate responsibility.

4 0

3 years ago

Read 2 more answers

Select the best term to describe the following examples.

Bezzdna [24]

Answer:

The correct answer is: Emotional contagion.

Explanation:

The emotional state of an individual can be affected by the exposure to emotional expressions of others around which means that the emotional state can be transferred from one person to another even in online interactions through a process called emotional contagion.

Emotional contagion implies an individual connecting its emotions to others' moods which is likely to be reflected in both parties' behavior.

6 0

3 years ago

Make a list of things that should be considered while managing a factory or an industry

riadik2000 [5.3K]

Quality Control is Essential

Get Prototypes Sorted First

Form Positive Working Relationships

Sorting the Premises

Bankrolling the Business

Understand the Legalities

6 0

2 years ago

If the potential customers belong to the same segment, display comparable characteristics, and choose the same product qualities

sveticcg [70]

Answer: internally homogenous

Explanation:

Since the potential customers belong to the same segment, display comparable characteristics, and choose the same product qualities that are consistent with their segment, then the condition for the ideal market segment approach which should be used is the internally homogeneous.

On the other hand, if the potential customers are in different segments, have different characteristics, and choose different product qualities, then the externally homogeneous will be ideal.

internally homogenous

8 0

2 years ago