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3 years ago

When implementing the marketing concept, which of the following is the first step in this process?

Business

1 answer:

Inessa05 [86]3 years ago

5 0

The correct answer would be option B, Determine the needs of the customer.

When implementing the marketing concept, Determining the needs of the customer is the first step in this process.

Explanation:

A marketing concept is basically a philosophy. This philosophy emphasizes on analyzing the needs and demands of the customers and then developing plans and making decisions to fulfill and satisfy those needs and demands of the customers.

According to this concept, it is better to satisfy the customers' needs according to the their demands, rather than engaging in competition with other companies in the market and putting the customers at the second place.

If a company is able to understand the customers' needs, it will be better able to satisfy their demands and will generate happy and loyal customers.

Learn more about Marketing Concept at:

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A collaborative selling environment makes the sales pitch more challenging for salespeople.

Lapatulllka [165]

Answer: True

Explanation:

Collaborative selling has to do with the collaboration and interaction between the customers and the salespersons.

A collaborative selling environment makes the sales pitch more challenging for salespeople. Working together in this case requires patience and problem solving skilss and this ultimately leads to more success, enhance customers satisfaction and also leads to achievement of organizational goals.

6 0

3 years ago

A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and co

babunello [35]

Based on the probability distributions of the funds and the correlation, the following is true:

Investment proportions would be 33% Equity and 67% debt.
Standard deviation would be 21.16%.

<h3>What would be the Investment proportions?</h3>

The expected return can be found as:

= (Return on stock x Weight of stock) + (Return on debt x Weight of debt)

As we already have the return as 12%, we can solve the formula for weights :

12% = (16% x Weight of equity ) + (10% x Weight of debt)

12% = (16% x W of equity ) + (10% x (1 - W of equity))

12% = 0.16W + 10% - 0.1W

2% = 0.06W

W = 2% / 0.06

= 33%

Equity is 33% so Debt is 67%.

<h3>What would be the standard deviation?</h3>

= √(Weight of stock ² x Standard deviation of stock ² + Weight of debt ² x Standard deviation of debt² + 2 x standard deviation of stock x standard deviation of debt x Correlation x weight of stock x weight of debt )

= √(33%² x 34% ² + 67%² x 25%² + 2 x 34% x 25% x 0.11 x 0.33 x 0.67)

= 21.16%

Find out more on portfolio standard deviation at brainly.com/question/20722208.

8 0

2 years ago

When economists and policymakers refer to the Fed's dual mandate, they are referring to:

miss Akunina [59]

Answer:

A) price stability and maximum employment.

Explanation:

When Congress enacted the Federal Reserve Act in 1913, they stated the FED's mandates:

promote maximum employment
promote stable price

The FED's main objective is to conduct monetary policy in order to stabilize the economy and promote economic growth.

By stabilizing the economy the FED will lower inflation rate, therefore stabilizing prices. When the FED promotes economic growth, the unemployment rate should decrease, hopefully reaching a full employment.

5 0

4 years ago

Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 27,000 units.

harkovskaia [24]

Answer:

Walker Company

a. Merchandise Purchases Budget for the months of July, August, and September:

July August September

Sales units 210,000 290,000 290,000

Ending inventory 43,500 43,500 27,000

Goods available 253,500 333,500 317,000

Beginning inventory 31,500 43,500 43,500

Purchases 222,000 290,000 273,500

b. The ratio of ending inventory to the next month's sales = 15% (Ending Inventory/Sales next month * 100)

c. The units budgeted for sale in October = 180,000 units.

Explanation:

a) Data and Calculations:

September ending inventory = 27,000 units

Ending inventory always equal to 15% of budgeted sales for the following month.

Sales (Units) Purchases (Units)

July 210,000 222,000

August 290,000 290,000

September 290,000 273,500

October 180,000

July August September October

Sales units 210,000 290,000 290,000 180,000

Ending inventory 43,500 43,500 27,000

Goods available 253,500 333,500 317,000

Beginning inventory 31,500 43,500 43,500 27,000

Purchases 222,000 290,000 273,500

6 0

3 years ago

A patient who contributes to causing harm is guilty of what kind of negligence ?

Luden [163]

The answer is<u> "self negligence".</u>

Self-neglect infers the failure or reluctance to take care of one's close to home needs or cleanliness. It might show in various courses, for example, not taking care of one's nourishment, cleanliness, apparel, or acting suitably to think about restorative conditions. Self-neglect can happen because of dementia, brain harm, or psychological disorders like despondency or psychotic issue. A few people who experience the ill effects of self-neglect may take part in undesirable practices, for example, substance utilize or misuse, tobacco utilize, promiscuity, or unseemly utilization of doctor prescribed meds. The rundown of conditions related with self-disregard is extremely expansive, and treatment choices rely on the exact reason for self-neglect.

6 0

3 years ago