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3 years ago

The purpose of advertising is _____.

Business

2 answers:

Nostrana [21]3 years ago

7 0

The correct answer is A. To convince consumers that they can benefit from a product or service

Explanation:

Advertising refers to a type of business communication in which companies or sellers promote a certain product or service. Advertising implies using slogans, messages, vivid colors through display adds, podcast, video ads, among other to show potential consumers they should buy the product or service you are offering, usually because this is better than others or the consumers benefit from it. Additionally, in business, advertising is one of the most important elements because if a business or company cannot attract customers then sales would drop. Thus, the purpose of advertising is "to convince consumers that they can benefit from a product or service".

Elza [17]3 years ago

5 0

I'm pretty sure the answer would be choice A

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Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $270. Annual fixed co

mojhsa [17]

Answer: The break even point in dollars is $2,000,000.

We calculate the break even point (BEP) in dollars as follows:

$\mathbf{BEP = \frac{Fixed Costs}{Contribution Margin Ratio}}$

We calculate Contribution Margin ratio as :

$\mathbf{Contribution Margin Ratio = \frac{Sales - Variable Costs}{Sales}}$

$\mathbf{Contribution Margin Ratio = \frac{450 - 270}{450}} = 0.4$

Substituting the Contribution Margin Ratio in the break even point formula we get,

$\mathbf{BEP = \frac{800000}{0.4}}$

BEP = $2,000,000

7 0

4 years ago

A random sample of 160 households is selected to estimate the mean amount spent on electric service. A 95% confidence interval w

Yuri [45]

Answer:

Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.

Explanation:

A confidence interval is a range of values, derived from the sample statistics, which may include the value of an unknown population parameter.

A 95% confidence interval indicates that between 152 of 160 samples (95%) of the same population will produce confidence intervals that will contain the population parameter.

It also means that we have a 95% confidence that the average (average amount) is among the resulting amounts obtained.

Logically, option "D" is missing the final part. This would be: D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $ 15.

This is the only true option, since the test is based on a sample of only 160 households, the entire population of households cannot be included.

Hence, the correct option is:

Option D. We are 95% confident that the mean amount spent on electric service among the 160 households is between $151 and $216.

7 0

3 years ago

The senior management at Red Marble Media Inc. wants to ensure that its career development and advancement programs are effectiv

lapo4ka [179]

the myth most likely to be held by employees is
There is always room for one more person at the top,
some of other myths are
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Good subordinates make good superiors.

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3 years ago

Where is the most common workplace for people in the finance cluster?

Reika [66]

I would assume inside of an office building with cubicles.

8 0

3 years ago

Read 2 more answers

A firm produces and sells two products, Mica and Plax. The following information is available relating to setup costs (a part of

LenaWriter [7]

Answer:

The amount of set-up cost allocated to each product:

Plus = <u>$2,250 x 19 set-ups</u>

380 units

= $112.50 per unit

Max = <u>$2,250 x 37 set-ups</u>

18,500 units

= $4.50 per unit

The correct answer is D

Explanation:

In order to obtain the amount of set-up allocated to each unit of Plus and Max, there is need to multiply the set-up cost per unit by the number of set-up for each product divided by number of each unit produced.

7 0

3 years ago