<span>Three reasons a price-based system works more efficiently than central planning are flexibility, a larger selection of goods, and resources are used entirely.
</span><span>Price based systems are more efficient because the demand from a product determines its price. Only enough product is produces that the market demands. Excess surpluses are not generated in a price based system.</span>
Marketing and advertising strategies seek to impact the largest number of subjects with the lowest amount of cost, thus maximizing profits by expanding the customer base, for this purpose various strategies are developed, including referral plans, which they consist of converting the current customers of our product into advertising agents of this product, seeking to convince them to receive recommendations from potential customers or that they themselves refer our product or service to one of their relatives, all in exchange for some kind of bonus or incentive, with which it is possible to impact in multiple social circles with a much lower cost than a media advertising campaign
Answer
This is a marketing strategy called referral plan
Answer:
The period of payback of the project is 2.30 years. Therefore, the correct answer is C
Explanation:
We will computing the Cumulative Cash Flow from Year 0 to Year 3
Cumulative Cash Flow Year 0 = Cash Flow of Year 0
= -$1,150
Cumulative Cash Flow of Year 1 = Cash Flow of Year 1 + Cash Flow of Year 0
= $500 + (-$1,150)
= -$650
Cumulative Cash Flow of Year 2 = Cash Flow of Year 2 + Cumulative Cash Flow Cash Flow of Year 1
= $500 + (-$650)
= -$150
Cumulative Cash Flow of Year 3 = Cash Flow of Year 3 + Cumulative Cash Flow Cash Flow of Year 2
= $500 + (-$150)
= $350
Now, Computing the Pay back period with the formula:
Pay back period = 2 + (Cumulative Cash Flow of year 2 / Cash flow of year 3)
= 2 + (-$150/ $500)
= 2 + 0.3
= 2.3 years
Answer:
Using familiar words, occasional contractions, and pronouns such as you and I.
Explanation:
This is the best strategy in order to create a conversational but professional tone in letters, e-mail messages, instant messages and memos. This strategy suggests the use of familiar words. This will give a personal, relaxed tone to your texts. Moreover, it suggests the use of occasional contractions. Contractions are useful when it comes to making a text less formal and more intimate. Finally, using pronouns such as "you" and "I" gives a tone of closeness, while remaining professional.
