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3 years ago

Which responsibility belongs to the marketing function

Business

1 answer:

boyakko [2]3 years ago

4 0

Answer:

Marketing deals with the existing and the potential market segments of a business essential and are responsible for the product, pricing, placing the product in the market and in the mildest of the consumer and promotion of the product.

Moreover, Markering is responsible for provide the upto date information of the consumers and to identify new trends and opportunities in the market as well.

Explanation:

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Suppose that Ford issues a coupon bonds at a price of $1,000, which is the same as the bond's par value. Assume the bond has a c

uysha [10]

Answer:

YTM approximated 4.08%

Explanation:

If the price of the bond changes to 1,060

we will need to calcualte the YTM

we could do it with an approxmation method like this:

$YTM = \frac{C + \frac{F-P}{n }}{\frac{F+P}{2}}$

Cuopon payment =1,000 x 4.5% = 45

Face value = 1,000

Purchase value= 1,060

n= 20 years

quotient 4.0776699%

It will yield approximately 4.08%

3 0

3 years ago

Which of the following correctly describes an example of a secondary competitor?

Inga [223]

Entrepreneurship Unit 4 quiz:

1) ….life cycle of a product? It helps set expectations about

2) ….three to five years? True

3) ….not necessarily new or unique? The product has a change in production, such as being eco-friendly

4) ….run at a loss in the beginning. True

5) Efficiently managing the purchasing cycle…. Unused inventory takes away from a business’s profits

6) ….definition of marketing? All methods of reaching and attracting potential customers

7) If a business has only one owner… False

8) Why are luxury brands…? Their brands are built more on being unique than being a good deal

9) ….well-established customer base…. False

10) The executive summary is a particularly important… reasons except: It details where the funding for the business will come from

11) ….an example of a secondary competitor? A coffee shop that sells pastries would be a secondary competitor for a bakery that sells pastries, among other products

12) ….offers the best return on investment….? A coupon that cost $200 to print that increases sales during the period it is valid by $500 and a 10 percent increase in returning customers

13) A business plan is helpful…? It helps a business set future goals

14) Why is price not always the most…? All of the above

15) Understanding the target market will…. True

6 0

3 years ago

Read 2 more answers

In the welding operations of a bicycle manufacturer, a bike frame has a flow time of about 13.6 hours. The time in the welding o

Oksana_A [137]

Answer:

Exact flow time in hours

13.64416 hours

% value added flow time = 0.3236

Explanation:

Hours to start = 3

Set up = 3 hours

Time spent cutting = 2 minutes

Time through cutting = 1 hour

Transfer = 3 hours

Time waiting for welding machine = 1 hour

Time for set up = 1 hour

Time waiting for pieces of batch = 0.6 hours

Time at welding machine = 0.65 minutes

Time to transfer to next department = 1 hour

To get the exact flow time we convert the minutes to hour

2 minutes to hour = 2/60 = 0.03333

0.65 minutes to hour = 0.65/60 = 0.01083

We sum up all of these hours

3+3+0.03333+1+3+1+1+0.6+0.01083+1 = 13.64416 hours

13.64416 is the exact flow time in hours.

Value added percentage of flow time

13.64416-13.6

= 0.04416

Percentage = 0.04416/13.64416*100

= 0.003236x100

= 0.3236%

4 0

3 years ago

PLEASE HELP! Question: Give an example of a Trademark in Business.

Ilia_Sergeevich [38]

Any word, name, symbol, or device; any combination thereof adopted and used by a manufacturer or merchant to identify his goods and distinguish them from those manufactured or sold by others

6 0

3 years ago

When a firm shifts from transactional selling to a value-added and relationship approach, a number of changes have to take place

Verdich [7]

Answer:

When a firm shifts from transactional to value-added and relationship approach of selling the following changes takes place in the way the salesperson approaches he customer and their job:

Whilst the objective the transactional approach is to make a sale, the relational approach is to build trust. When a customer trusts their sales person, it means they hold the sales person to put their interests first or at least take care of their interests whilst taking care of their too.
The relational approach is more focused on retaining existing customers than making new ones. This is the obverse of a transactional relationship. It is said that it costs about 5 times extra to get a new client than what it takes to keep one. Thus the smart company focuses on honing this skill until they are better off for it.
in a transactional approach, the nature of the relationship is relatively short, whilst it is stronger and longer in a relational approach. A Relational approach to selling can sometimes occur in the grey line between personal and official relationships.
In a relationship-based approach to selling, the firm focuses on adding value in the primary areas of concern for the client as well as other areas. For example, a client - the CEO of a start-up requires recruitment, onboarding, and standard operating procedure as services from a HR firm. As a relational HR person, the best way to proceed would be to give him exactly what he wants and stil go ahead to add more value in other areas by giving templates of letter of appointment to the client.

Cheers!

3 0

3 years ago