Answer:
An organisation statement on how it will achieve its purpose in the environment in which it conducts business.
Explanation:
A mission statement can be defined as a statement which explains the reasons for an organisation existence, it also explains what a business aims to achieve at a long-run.
All organisations have their different mission statements which clearly defines the purpose of the business. It is used to create a form of direction and also motivation to the various employees of the organisation.
Mission statements serves as a guide that enables the organisation to achieve their objectives and goals, It also helps in the planning of future aspirations.
Answer:
The answer is
Introduction stage Maturity stage
Product Gatorade Crest
Price Rusk Airwalk
Promotion Listerine Sony
Place Merck Domino's
Explanation:
Introduction stage Maturity stage
Product Gatorade Crest
Price Rusk Airwalk
Promotion Listerine Sony
Place Merck Domino's
A marketing mix is a combination of factors that can be controlled by a company to influence its existing customers and potential customers to buy its products.
The above chart explains the marketing mix of the companies and its stages in product, price, promotion and place.
Answer:
Option (A) is correct.
Explanation:
The average fixed cost is determined by dividing the total fixed cost by number of units produced.
Given that,
Fixed cost = $24
The average fixed cost of producing 3 units of output is:
= Total Fixed cost ÷ Number of units produced
= $24 ÷ 3
= 8
Therefore, the average fixed cost of producing 3 units of output is $8.00.
Answer:
$11,760
Explanation:
The sales less the variable cost gives the contribution margin. The contribution margin less the fixed cost gives the net operating income/profit.
Without the new offer
Profit = 5000($29 - $15) - $20,900
= $70,000 - $20,900
= $49,100
For the new order a variable selling cost of $2 per unit would be eliminated, the contribution of the order will be
= 1680($20 - $15 + $2)
= 1680 * $7
= $11,760
This is the differential effect on profit.
<span>The nominal group technique which is a group process involving problem identification, solution generation, and decision making. Its uses are in groups of many sizes, who want to make their decision quickly, as by a vote, but want everyone's opinions taken into account</span>
