Answer:
c. Marketing concept
Explanation:
Marketing concept -
It is the strategy adopted by the organisation , in order to meet the demands of the consumers , tackle the competition , increase the profit margin and increase sale , is referred to as the marketing concept .
Hence , the marketing department of the organisation , tries to focus on the consumers , in order to beat the upcoming competition.
Hence , the given information of the question,
The correct option is c. Marketing concept .
Answer: (C) Marketing information system
Explanation:
The marketing information system is one of the important tool that helps the managers in an organization for making various types of desc ions regarding the development and the promotion of the product.
The marketing information system is basically define as the structure of the method in an organization that helps in the analysis of the data and then represent the information more efficiently.
The information related to the marketing is formally analyzed , stored and also distributed according to the requirement in an organization.
Therefore, Option (C) is correct.
Answer:
E. statistical quality control.
Explanation:
Shewhart has contributed his great services towards Quality control through valuable research and its results, lectures and by publishing highly informative books. He also worked as a fellow member in American Statistical Association and International Statistical Institute.
Therefore, Walter Shewhart is listed among the important people of operations management because of his contributions to statistical quality control.
<u>Explanation:</u>
In the given case it is valid contract as there is time, promise, benefit and obligation to do thing. But verbal contracts are difficult to prove. Stan and Byron have a verbal contract which is a promise for 10 days and the contract has exchange of goods for $600. Offer is made by Byron but the acceptance is not yet given by Stan.
Here only the offer is made and it is not yet accepted by Byron. here Stan has revoked the offer through letter so the revoke has been communicated to the other party through letter. So in this case there is no breach of contract as the contract was clearly revoked by Stan through his letter.
Answer:
Bad debts expenses shall be $ 850
Explanation:
The balance in the bad debts expense account shall be the aggregate of the amounts written off and the estimated uncollectible accounts based on ageing at the year end.
Amount written off during the year $ 650
Estimated uncollectible account provided at year end <u>$ 200</u>
Total Bad Debts expenses $ 850
