The Chinese restaurant failed to realize the importance of "word-of-mouth marketing."
<h3>What is word-of-mouth marketing?</h3>
Whenever a consumer's interest inside a company's service or product is reflected in their regular conversations, this is referred to as word-of-mouth marketing (also WOM marketing). Basically, it is free promotion brought on by consumer experiences, which are typically above and beyond their expectations.
Some key features regarding word-of-mouth marketing are-
- Word-of-mouth marketing occurs when customers recommend a business's goods or services to their friends, relatives, and other people they value highly.
- WOM marketing is among the most effective kinds of advertising since 88% of consumers prefer suggestions from their friends than those in traditional media.
- By exceeding customer expectations with a product, delivering first-rate customer service, and providing consumers with insider knowledge, businesses can promote WOM marketing.
- The finest word-of-mouth marketing methods, according to Word of Mouth Marketing Association (WOMMA), are sincere, credible, sociable, repeatable, measurable, and respectful.
To know more about the word-of-mouth marketing, here
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Answer:
the covariance between the security's return and the market return divided by the variance of the market's returns
Explanation:
The market risk, beta of the security would be equivalent to the
Beta = Cov(rm, rs) ÷ Var(rm)
Rm denotes market return
rs denotes security return
Cov denotes covariance
Var denotes variance
Hence, the second option is correct
And, the rest of the options are wrong
Answer:
True
Explanation:
If the total output of the economy does not change and the change in the money supply directly affected the changes in the price level, then the increase in the money supply will simply increase the inflation rate. For example, if the economy produced 100 units at $1 per unit, and the total money supply increases by 5%, the price of the units will increase to $1.05, but the total output will still be 100 units. The only thing that changed was a decrease in the relative value of the currency due to an increase in the inflation rate.
Answer: Objective Measures.
Explanation:
Objective Measures is a method of measuring outcome by accessing it based on a certain standards it must reach and this type of performance measure is not subject to the feelings of the person evaluating performance. Justin as the sales manager is applying objective measures when evaluating sales, profits, orders and ratio of sales.
Answer:
<h2>How to record a credit sale:</h2>
The General Journal or Sales Journal (a subsidiary journal) if the volume of credit sales is on the high side can be used.
i) Using the General Journal:
Date Description Debit Credit
xxx Accounts Receivable (Marjorie Customer) $$$
Sales Revenue $$$
To record the sale of goods on credit, terms n/30.
ii) Alternatively, the Sales Journal is used:
Date Description Amount
xxx Marjorie Customer $$$
other customers $$$
Total (Accounts Receivable) $$$
Explanation:
The General Journal is an all-purpose journal, which can be used to initiate the recording of business transactions. It shows the accounts to be debited and the ones to be credited in the General Ledger.
The use of a subsidiary journal, e.g. a Sales Journal, helps to summarize the particular type of transaction for a period before the total is posted to the control account in the general ledger and the individual customer accounts in the Subsidiary Ledger.
