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shepuryov [24]
3 years ago
12

Small Treasure Gifts is deciding whether to sell its products in kiosks outside subway stations or in stores at popular malls. W

hat element of the marketing mix does this decision most closely relate?
Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

Place

Explanation:

Marketing mix is the understanding of 4 important and controllable elements of marketing plan. Usually, these elements are considered as 4P which are Product, Place, Price and Promotion.

Place: To enter more effectively or in general to be successful in the market, as a supplier you should choose your segment or where to reach to your potential customers carefully and certainly. That’s why the place which is selected must be considered where the target market is.

Product: It is very important to develop your product to make the customers to have “willingness to pay”. So it has to have unique or good design, standards, quality and other important attributes. You should seek to sell the products which have big demand.

Price: There should be the reasonable price to the customers who will be able to buy your products. Sure, the price is established after the analysis of your costs (fix, variable and etc.). However, you should be careful about your rivals in the price policy. The buyers will have always power on you in this case so they can substitute your product to others.

Promotion: This element is about the process of explanation how your product will create the value on the customers. It is very necessary point on the value chain activities. If you have a better promotion than others your products will be demanded more or permanently.

You might be interested in
Listmann Corp. processes four different products that can either be sold as is or processed further. Listed below are sales and
Sloan [31]

Answer:

The product Deluxe sgould not be processed further.

Explanation:

Giving the following information:

Sales - Value without Processing - Additional Costs - Sales Value after processing

Premier: $1,350 - $900 - $2,700

Deluxe: 450 - 225 - 630

Super: 900 - 450 - 1,800

Basic: 90 - 45 - 180

We need to calculate the contribution margin of each product before and after processing.

<u>Premier:</u>

Before= 1,350

After= 2,700 - 900= $1,800

It is more profitable to continue processing.

<u>Deluxe:</u>

Before= 450

After= 630 - 225= $405

It is more profitable to sell before processing.

<u>Super:</u>

Before= 900

After= 1,800 - 450= $1,350

It is more profitable to continue processing.

<u>Basic:</u>

Before= 90

After= 180 - 45= 135

It is more profitable to continue processing.

5 0
3 years ago
Which of the following material events occurring subsequent to the December 31, Year 1, balance sheet date will not ordinarily r
Nookie1986 [14]

Answer:

<em>Acquisition of a subsidiary on January 23, Year 2. Negotiations had begun in December of Year 1.</em>

Explanation:

An entity acknowledges <em>events that occurred in the financial reports which provide data on conditions that exist at the income statement date,</em> including calculations that are inherent in the preparation of the statement.

The holding company's sale did not take place until the end of the year.

Therefore, the transaction only included disclosure of the note, not acknowledgement in the statements.

5 0
3 years ago
Haverton is studying whether to drop a product because of ongoing losses. Costs that would be relevant in this situation would i
motikmotik

Answer:

The correct answer is letter "B": avoidable fixed costs.

Explanation:

Avoidable fixed costs are expenditures that can be set aside to modify the form of a given product project is being handled. Usually, manufacturers with too many produced products can stop one of their lines which implies taking away inherent expenses such as labor and raw materials.

5 0
3 years ago
Information for Jersey Metalworks as of December 31 follows. Prepare (a) the company's schedule of cost of goods manufactured fo
liraira [26]

Answer and Explanation:

a. The Preparation of cost of goods manufactured for the year ended December 31 is prepared below:-

                            <u>Jersey Metalworks</u>

                    <u> Cost of goods manufactured </u>

                   <u>for the year ended December 31</u>

<u>Particulars                                                     Amount</u>

Direct materials

Raw materials, January 1                $32,000

Add:

Raw materials purchases               $325,000

Raw materials available                  $357,000

Less raw materials, December 31  $28,000

Direct materials used                                        $329,000

Direct labor                                                        $268,000

Factory overhead costs:

Depreciation expense-

Factory equipment                      $52,400

Factory supplies used                $12,000

Indirect labor                               $35,000

Indirect material                          $24,000

Factory insurance                       $15,500

Factory utilities                           $14,000

Factory maintenance                  $7,500

Rent expense—Factory              $50,000

Total factory overhead costs                        $210,400

Total manufacturing costs                             $807,400

Add:

Work in Process inventory, January 1           $33,780

Total cost of work in Process                        $841,180

Less work in Process inventory,

December 31                                                   $37,460

Cost of goods manufactured                     $803,720

b.The Preparation of income statement is prepared below:-

                            <u>Jersey Metalworks</u>

                    <u> Cost of goods manufactured </u>

                   <u>for the year ended December 31</u>

<u>Particulars                                                     Amount</u>

Sales                                                          $1,452,000

Less: sales discounts                                 $29,000

Net sales                                                     $1,423,000

Cost of Goods Sold

Finished goods inventory,

January 1                                  $56,970

Cost of goods manufactured  $803,720

Goods available for sale          $860,690

Less finished goods inventory,

December 31                             $62,000

Cost of Goods Sold                                         $798,690

Gross Profit                                                      $624,310

Operating expenses

Selling expenses

Sales salaries expense              $97,500

Depreciation expense - Delivery

vehicles                                      $36,200

Advertising expense                  $22,350

Rent expense-Selling space      $24,000

Total selling expenses                                     $180,050

General and administrative expenses    

Administrative salaries expense  $135,000

Depreciation expense- Office

equipment                                     $24,800

Rent expense-Office space         $24,000

Total general and administrative

expenses                                                           $183,800

Total operating expenses                                 $363,850

Income before taxes                                          $260,460

Income taxes expense                                       $91,500

Net Income                                                         $168,960

We simply applied the above format to prepare the cost of goods manufactured and the income tax

7 0
3 years ago
The auditors do not believe that certain lease obligations have been reflected in conformity with generally accepted accounting
ANEK [815]
This is  not a question.
7 0
3 years ago
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