All categories

3 years ago

What is the first step for marketers in implementing the marketing concept?

Business

1 answer:

Svet_ta [14]3 years ago

3 0

Answer:

The answer is: You need to identify your market.- Who are your potential customers and what unsatisfied need do they have in common?

Explanation:

A marketing concept can be defined as: The idea/concept/philosophy that your business is going to follow in order to satisfy their customers' needs while reaching their business's goals.

The first thing you need to do is identify your target market, i.e. Who are your potential customers and what unsatisfied need do they have in common?

You might be interested in

When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to

Natali [406]

The nation’s deficit rose greatly as inflation and unemployment fell was an economic concern that was related to the achievement described in the passage.

<h3>What were the economic concerns in the passage? </h3>

The passage explains that with the fall in tax revenue of the government and higher spending on employment programs, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

Learn more about economic concerns here:

brainly.com/question/10203871

4 0

2 years ago

Kylie Co. owns 67% of Jayzee Inc. On their 12/31/2017 pre-consolidation trial balances, Kylie reports $739,972 Liabilities and J

Studentka2010 [4]

Answer:

the amount that should be reported for Liabilities in Kylie's consolidated financial statements is $2,187,382

Explanation:

The computation of the amount that should be reported for Liabilities in Kylie's consolidated financial statements is shown below:

= $793,972 + $1,601,119 - $207,709

= $2,187,382

Hence, the amount that should be reported for Liabilities in Kylie's consolidated financial statements is $2,187,382

The same should be considered

4 0

3 years ago

York’s outstanding stock consists of 85,000 shares of 6.0% preferred stock with a $5 par value and also 150,000 shares of common

Nesterboy [21]

Answer:

year 1

13,900 preferred

year 2

23,500 preferred

year 3

39,100 preferred

240,900 common stock

year 4

preferred 25,500

common stock 404,500

Total:

Preferred 102,000

Common 645,400

Explanation:

85,000 x $5 par x 6% = 25,500 dividen per year

becuase the dividend is cumulative it will accumulate over time.

Also preferred stock has prefecente over common stock.

year 1 13,900 - 25,500 = 11,600 accumulated dividend for preferred stock

year 2 23,500 - 25,500 = 2000 accumulated dividend for preferred stock

year 3 280,000 - 25,500 = 254,500 dividend for previous year preferred stock

254,500 - 2000 - 11,600 = 240,900 dividends for common stock

year 4 430,000 - 25,500 = 404,500 dividends for common stock

year

7 0

3 years ago

The US inflation rate is measured by changes in the overall price of the CPI __________.

Helen [10]

The answer is B Market Basket.

6 0

3 years ago

There are three firms in an economy: A, B, and C. Firm A buys $250 worth of goods from firm B and $200 worth of goods from firm

Natalka [10]

Answer: $3,350

Explanation:

GDP is the addition of value of goods and service minus purchase of intermediate goods.

Formula to calculate value-added by each firm is shown below:

Value-added = Sales by Firm + Change in stock – purchase of raw material

Value added by firm A = $5 × 200 + 0 – ($250 + $200)

= $550

Value added by firm B = $7 × 300 + 0 – ($150 + $100)

= $1,850

Value added by firm C = $1,000 + 0 - $50

= $950

Economy's GDP = Value added by firm A + Value added by firm B + Value added by firm C

= $550 + 1,850 + 950

= $3,350

The value of GDP is $3,350

6 0

3 years ago