That is called a team, because a team requires 2 or more people working together BECAUSE they want to achieve a common goal or purpose TOGETHER. The SpongeBob Movie is also a good source for more information. ;-)
Answer:
Debit Insurance expense $665
Credit Prepaid Insurance $665
Being entries to recognize insurance expense incurred between July and December, 2018
Explanation:
When an amount is prepaid for insurance expense to be incurred at a later date, the entries required are
Debit Prepaid insurance account
Credit Cash account
When the expense is incurred, the entries then required will be
Debit Insurance expense
Credit Prepaid Insurance
Since the $2,580 paid was for a two-year insurance policy with coverage beginning on July 1, 2018, at at December 31, 2018, the expense would have been incurred for 6 months out of the 24 months (2 years) paid for. This expense amounts to
= 6/24 × $2,580
= $665
Hence the adjustment required
Debit Insurance expense $665
Credit Prepaid Insurance $665
Being entries to recognize insurance expense incurred between July and December, 2018
Answer:
Experience.
Explanation:
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets so as to produce a desired response.
Generally, a marketing mix is made up of the four (4) Ps;
1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.
2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.
3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.
4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.
A service organization can be defined as an assembly of people who are saddled with the responsibility of providing customer-oriented services rather than just making profit.
In Walt Disney's Magic Kingdom, customers can visit a fairy kingdom, a pirate ship, or even a haunted house. Thus, Disney is marketing an experience because they comprises of both a tangible and an intangible quality.
The consumer decision process denotes the first<span> process used by consumers when they decide what to buy during buying goods or services. It includes several elements: r</span>ecognition, <span>information search, evaluation of alternatives, purchase
and post purchase behavior.
</span>In the consumer decision making process, journey innovation extends customer interactions to new sources of value, such as related products or partnered businesses.It brings <span>new services, for both the customer and the brand.</span>
Investments can lead to more demand for goods. Investment means an increase in capital spending and is a component of Aggregate Demand (AD), if there is an increase in investment it will help to boost AD and therefore economic growth.