Price is the element of the marketing mix that corresponds to what the buyer gives up in the marketing exchange.
<h3 /><h3>What is the marketing mix?</h3>
They are the set of activities performed by marketing to promote a product or service and increase the profitability of a company. The four Ps of marketing are:
- Product
- Price
- Place
- Promotion
Therefore, the objective of the marketing mix is to increase the value of the brand and its positioning through the creation of value for the consumer.
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Answer:
Giles lives in a low humane orientation society.
Explanation:
To begin with, humane orientation is the degree which a society promotes and rewards individuals for being altruistic (not selfish), fair, generous and friendly to others in the society. Any society that posses and encourages such good traits can be said to be a high humane orientation society.
On the other hand, any society where people are selfish, unfair, not generous and unfriendly is a low humane orientation society. That is exactly the kind of society which Giles lives in.
Answer:
d. 1.0.
Explanation:
Four-firm concentration ratio is the ratio of the sales of the four largest firms in the industry relative to total industry sales. In industry B total sales is of $10 million and the top four combined have total sales of $10 million
Therefore, the four firm concentration ratio = $10 million/ $10 million = 1
Therefore correct answer is option B i.e. 1.0
Answer:
d. $80 per machine hours
Explanation:
The computation of the overhead rate is shown below:
Overhead rate = Estimated total overhead cost ÷ total machine hours
= $16,000,000 ÷ 200,000 hours
= $80 per machine hours
The overhead rate is come by dividing the estimated total overhead rate by the total machine hours
All the other information that is mentioned is not considered. Hence, ignored it
Formula for calculating GDP;
GDP = Consumption + Investment + Government spending/Expenditure + Exports - Imports
Y = C + I + G + XM
Y = 10.53 + 6.32 + 3.40 + 1.28 - 2.26
GDP = 19.27 Trillion Rupees
