Answer:
Big M
Explanation:
The Big M Marketing is creating value for specific people. creating value here means understanding the peoples needs and motivations and using it to create a product to deliver to the people.
Budweiser is been advertised as the king of beers in america. this symbol has demonstrated its marketing strategy at identifying the peoples needs and thereby creating a value for it customers through its brand.
<span>Brand awareness facilitates decision-making and is especially important for which type of consumer goods: public goods.
Public goods are non-excludable items so there is fair game for anyone and everyone in the market for an item to make this purchase. Because this items are everywhere, there is normally a decent amount of competing brands with the same product though packaging, quality and quantity can differentiate. Brand awareness helps the consumer know which brand to purchase when there are dozens to choose from. </span>
Answer:
recorded on March 31, 2021.
Explanation:
As we know that if there is an accural basis so the revenue is recognized and recorded when it is earned here the receipt of cash is not material for recording the revenue
Since in the given situation, the date of completion of the contract is considered for recording date of revenue as per the accrual basis
So March 31, 2021 should be considered
Answer:
that he should reduce his prices. Yachts are luxury goods and therefore exhibit a high price elasticity of demand. Thus, reducing prices would increase revenue.
Explanation:
Luxury goods usually have a high elasticity of demand when compared with necessity goods which are highly inelastic.
An elastic demand means that a change in price would have a considerable impact on quantity demanded.
Therefore, if the price of the yachts which is a luxury good with high elasticity is reduced, demand for yachts would increase and revenue would increase.
