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3 years ago

Defining a business in terms of goods and services rather than in terms of the benefits customers seek is called _____.

1 answer:

6 0

Marketing Myopia is the term for when a company does business in terms of goods and services instead of focusing on the benefits consumers are looking for. These companies are focused on the bottom line. It is considered a short-sighted view by most experts and often causes the companies in question to be unable to quickly adjust when there are changes in their particular markets.

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Armando Company produces and sells mattresses. It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses

Nat2105 [25]

Answer:

Sales= $3,000,000

Explanation:

Giving the following information:

It expects to sell 10,000 mattresses in the current year and had 1,000 mattresses in finished goods inventory at the end of the previous year. Armando would like to complete operations in the current year with at least 1,250 completed mattresses in inventory. There is no ending work-in-process inventory. The mattresses sell for $300 each.

Production:

Sales= 10,000

Ending inventory= 1,250

Beginning inventory= (1,000)

Total= 10,250

Sales= 10,000*300= $3,000,000

5 0

3 years ago

If the price of product x rises, then the resulting decline in the amount purchased will:_____.

MissTica

If the price of product x rises, then the resulting decline in the amount purchased will increase the marginal utility of this good.

The difference in overall utility that results from consuming one extra unit of a good is known as marginal utility. Economists utilize the idea of marginal utility to estimate the quantity of a good that consumers will buy.

When the overall utility is increased by the consumption of an additional item, positive marginal utility occurs. On the other side, negative marginal utility arises when the overall utility is reduced by the consumption of one extra unit. Progressive taxation are frequently defended using the law of diminishing marginal utility.

Negative, zero, or positive marginal utility are all possible.

Hence, option B is the correct answer

To learn more about marginal utility here,

brainly.com/question/15561406

#SPJ4

4 0

2 years ago

In general, education is correlated to income

liq [111]

Answer:

positively.

Explanation:

The correlation between education and income is positive a more educated person will always have a better income than one that is not. But along the statistical distribution of this correlation there are people that deviate for the curve (standar deviation) and even though they are educated they do not earn as much money to others that have the same level of education.

3 0

3 years ago

Read 2 more answers

What must you know in order to serve alcohol responsibly and legally in all situations?

jonny [76]

a. know your product, know your customers, and know how to say "no"

4 0

1 year ago

In the short run, with predetermined prices, when output is greater than planned aggregate expenditures:

katen-ka-za [31]

Answer:

The decrease in production, is the right answer.

Explanation:

The decrease in production because if the output is more than planned aggregate expenditure then the equilibrium point will be at a lower point. Thus, in order to reach the equilibrium level, the production has to decrease. Moreover, if the output is lower than the planned aggregate expenditure then the production should be increased to reach the equilibrium point.

5 0

3 years ago