Answer:
Businesses whether large or small are set up to make profits by satisfying customers' needs and a marketing plan helps achieve this goal.
Creating a marketing plan should therefore not depend on the size or age of the business.
Explanation:
Every business, whether large or small, has marketing goals and needs a marketing plan to help determine how it will use its available resources to best reach its customers.
With a marketing plan, a business can <em>identify its target market and competitors, determine how it wants to position its products to compete, and set marketing goals</em> that can be monitored and achieved.
Generally, <u>a marketing plan helps a business reduce costs and increase sales, thereby increasing profits. This is a major goal of organizations, whether large or small</u>.
Answer:
total expenditure would increase
Explanation:
the demand for ground beef is inelastic.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.
As a result of the disease, the supply of ground beef would fall. this would lead to a hike in the price of ground beef. But since demand for ground beef is inelastic, the the fall in demand would be less than the rise in price, so total expenditures would rise.
Answer: $30
Explanation:
Given that,
Average variable cost (AVC) = $25
Average fixed cost (AFC) = $5
Marginal cost (MC) = $30
Average total cost (ATC) = Average fixed cost (AFC) + Average variable cost (AVC)
= $5 + $25
= $30
Therefore, average total cost is the sum of average fixed cost and average variable cost. Alternatively, average total cost is calculated by dividing total cost to units of output produced.
Answer:
5.89%
Explanation:
The computation of the yield to maturity could be find out by determining by applying the RATE formula i.e. to be shown in the attachment
Provided that,
Present value = $955.25
Future value or Face value = $1,000
PMT = 1,000 × 5.5% ÷ 2 = $27.50
NPER = 19 years × 2 = 38 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula , the YTM is
= 2.9473% × 2
= 5.89%
Answer:
(B). Develop products that the company can sell, based on customer needs.
Explanation:
When <u>customer needs arise in the market</u>, organizations become aware of these needs through market research and customer feedback, and then try to <u>meet these needs by developing new products.</u>
The need for new products is what is known as Market-pull.
