Answer:The first of two major components of developing a marketing strategy is to<u> select a target market.</u>
<u>Explanation:</u> After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.
Steps to select a target market
- Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
- Customers can be targeted on the basis of age,gender,income,occupation,educational level.
- Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
- If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
- Finally target those customers who actually need your products and services.
The main problem with this team seems to be centered around differences in the formality of structure.
Cross-functional Work Team
This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.
Problems with Cross-functional Team
There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.
Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.
Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.
Learn more on cross-functional team here: brainly.com/question/1490525
Answer:
Dr Bad debt expense 3,070
Cr Allowance for doubtful accounts 3,070
Explanation:
$99,000 in accounts receivables
4% is considered bad debt
$99,000 x 4% = $3,960
the current balance for allowance for doubtful accounts = $890 (credit)
the adjusting entry for allowance for doubtful accounts = $3,960 - $890 = $3,070
the journal entry should be:
Dr Bad debt expense 3,070
Cr Allowance for doubtful accounts 3,070
the final balance of the allowance for doubtful accounts = $3,070 + $890 = $3,960
Answer:
The correct option is D,$29.37
Explanation:
The intrinsic value of the company is the present value of the dividends plus the present value of the terminal value in year 3
present of dividends=$1.74/(1+7%)+$1.87/(1+7%)^2+$1.98/(1+7%)^3=$ 4.88
Terminal value=dividend after year /cost of capital
=$2.10/7%=$30
present value of terminal value=$30
/(1+7%)^3=$ 24.49
Note that the discount factor of year 3 is applicable to the terminal value as well.
sum of present value of dividends and terminal value=$ 24.49+$4.88=$29.37
