The complete question should have been:
Promotion objectives should possess three important qualities. They should be designed for a well-defined target audience, measurable and cover a _________
Answer should be: Cover a specific period of time
Explanation: A promotion is a method businesses creates awareness for their products by giving buying incentives such as: price discounts and bonuses. Promotions normally run for a special period during which buyers can enjoy these buying incentives.
Answer:
He should check out the enterprise zones in Arizona.
Answer: Option C
Explanation: Usually the demand for the goods tends to be more elastic in long run rather than the short run. In case of oil, it is not a necessary good for the daily lives of the individuals and one can survive without it and can use alternatives.
Therefore, in the long run it is more elastic as individuals will move to the alternatives of oil if its price remains high.
Hence from the above we can conclude that the correct option is C.
Answer:
Quantitative approach of Management refers to a managerial technique that relied on rigid calculations (such as statistics or computer simulations) in order to improve the decision making.
Here are the advantages:
- The decision making process occurred a lot quicker since the managers can relied on computers to analyze all the relevant factors
- Cost benefit analysis can be more accurate since it completely disregard the personal biases of the manager.
- Results between each decisions implementation can be measures easily since it's displayed on numerical value.
Answer:
Explanation:
Before preparing the retained earning statement, First, we have to compute the ending balance of the retained earning account.
The formula to compute the retained earnings ending balance is shown below:
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
= $17,200 + $10,400 - $6,000
= $21,600
The ending balance of retained earnings is shown in the attached spreadsheet.