Answer:
<u>True.</u>
Explanation:
The concept of marketing can be defined as a set of strategic tools used for the development of an organization through the variables product, price, place and promotion.
Therefore marketing is used by both for-profit and non-profit companies as its primary purpose is to help the organization develop and achieve positive results.
In non-profit companies, Social Marketing is practiced, an expanding concept in the world, whose objectives are to attract sufficient resources and convert them into products and services that can be distributed to the consumer public for the non-profit institution to be successful.
Answer:
If the several companies in the tobacco industry produce similar products but have very different marginal costs: they are more likely to engage in tacit collusion than firms with similar costs.
Explanation:
Tacit collusion occurs when firms silently agree on a strategy that will benefit them both either by cutting cost or increasing patronage.
If the several companies in the tobacco industry produce similar products but have very different marginal costs, some firms might decide to collude tacitly by lowering their prices therefore controlling a larger potion of the addressable market.
The reason this action is taken silently is because express collusion will attract legal sanctions that will be supported by firms within the industry that did not collude.
The service Revenue will be:
1. Cash for service performed in 2021 -------------------------- $13,500
2. Bill sent to clients for service performed in 2021--------- $4,100
TOTAL------------------------------------------------------------------------$17,600
The $5,100 received was for the service done in 2020 and this will be decrease the account receivables on the balance sheet while the $2,100 received for work to be done in 2022 will be recorded as an unearned revenue because the service has not been rendered.
The space between the official rate and the broader fee modifications over the path of the business cycle. greater specifically, for the duration of the gap is probable to the exertions marketplace is beneath strain.
Legit trade price refers back to the alternate fee determined by way of country-wide government or to the rate decided inside the legally sanctioned exchange marketplace. it's far calculated as an annual average primarily based on month-to-month averages (neighborhood currency devices relative to the U.S. dollar).
The official rate refers to the exchange charge determined via national authorities or to the fee decided within the legally sanctioned trade market. it is calculated as an annual common based totally on monthly averages (nearby forex units relative to the U.S. greenback).
Official rate: The legitimate exchange rate is the price of change announced by using a country's foreign exchange administration. typically used by countries with strict foreign exchange controls. market fee: The marketplace alternate price refers to the actual alternate charge for trading foreign exchange inside the loose market.
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