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Sati [7]
3 years ago
7

Stephen is preparing his pitch for a bank representative that will be considering him for a business loan. He lists the resumes

and credentials of chefs who are working in the restaurant’s kitchen. This is an example of what marketing principle (from the 7 Ps)?
Business
1 answer:
Bas_tet [7]3 years ago
6 0

Answer:

People

Explanation:

Probably the most important P of the services marketing mix is people. Services rely on the customer experience and the company's employees are the ones that make the difference. E.g. a restaurant can provide the most delicious food, but if the waiter is rude and treats customers very badly, the whole experience will be negative. Until artificial intelligence replaces us, people will be the cornerstone of the service industry.

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More info needed. (See Explanation):

Explanation: Needed more info to be solveable.

8 0
3 years ago
Do you agree or disagree with the following statements
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Answer:

a. The demand curve facing a monopolistic competitor in a market where all producers charge different prices becomes less elastic when it engages in international trade - Disagree

This statement is not true. If a monopolistic competitor engages in international trade, it will meet more competition, meaning that the audience (demand) that it has is more sensitive to prices, because they have more options available.

b. According to the gravity equation, countries closer to each other trade more - Agree

The gravity equation tells us that the volume of international trade is correlated with geographical proximity and economic size. That is to say, the closer and larger two economies are, the more international trade they engage with each other.

c. The only gain from trade in monopolistic competition in trade is lower prices - Disagree

Gains are the most important in lower prices, but there are also gains in competitiveness and quality.

d. The closer to 1 the index of intra industry trade is, the greater the difference between exports and imports of the same goods. - Disagree

An index of intra industry trade of 1 indicates that the country imports and exports roughly the same amount for a particular type of goods (the goods that belong to that industry). Hence, the statement is not true.

5 0
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C.51.63%

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Therefore the gross profit percentage is

51.63%

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