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lbvjy [14]
3 years ago
14

Which of the following best describes marketing mix? It is the blend of marketing strategies for product, price, distribution, a

nd promotion. It is the process of continually collecting information from the external marketing environment. It is the marketing objectives and the specific strategies for achieving those objectives. It is the process of dividing potential customers into groups of similar people, or segments.
Business
1 answer:
aniked [119]3 years ago
8 0

Answer:

It is the blend of marketing strategies for product, price, distribution, and promotion

Explanation:

Marketing mix describes strategies used by a company to promote its brand or product. A marketing mix is made up of Price, Product, Promotion and Place.

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Although Starbucks, Dunkin' Donuts, and McDonald's all strive to provide a good cup of coffee and pastries to their respective t
bezimeni [28]

Answer:

D) marketing strategy.

Explanation:

A marketing strategy is an action plan that a company must follow in order to achieve their marketing objectives. Generally speaking, the marketing objectives of every company should be to increase sales, market share and maximize profits. The marketing strategy should help the company use its resources in the most effective way in order to obtain the best possible results.

Marketing strategies include:

  • selecting the appropriate target market
  • preparing the marketing mix (4 Ps for products and 7 Ps for services)

7 0
3 years ago
Rachel Davis buys a $20,000 property. She puts down $1,000, with the balance to be repaid over 20 years at 12% interest. Her mon
jonny [76]

Answer:

approximate amount of interest paid $31,500

Explanation:

given data

buys property = $20,000

puts down =  $1,000

interest = 12 %

time = 20 year = 20 × 12 = 240 months

monthly payments = $209.38

solution

we get here total payment will be = $209.38 × 240 monthly

total payment = $50,251.20

so amount of interest paid on loan at maturity will be as

amount of interest paid = total payment  - buys property - puts down

amount of interest paid = $50,251.20 - $20,000 - $1,000

amount of interest paid = $31,251.20

so approximate amount of interest paid $31,500

4 0
3 years ago
A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage,
dangina [55]

Answer:

price floor, causing excess supply in the market.

Explanation:

A number of states have a minimum wage that is higher than the federal minimum. In those states that impose such a minimum wage, it is more likely that the minimum wage acts as a binding price floor, causing excess supply in the market.

A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.

Price control can be defined as standard restrictions or regulatory conditions that are typically set and enforced by the government of a country.

This ultimately implies that, price controls are used to impose the minimum and maximum prices set by the government, which are to be charged for various goods and services in the market. This minimum price that can be charged such as minimum wage is known as price floor while the maximum price that can be charged such as rent control is known as price ceiling.

6 0
3 years ago
Monica wants to sell her share of an investment to Barney for $150,000 in 6 years. If money is worth 6% compounded semiannually,
prohojiy [21]

Answer:

PV= $105,206.99

Explanation:

Giving the following information:

Future Value (FV)= $150,000

Number of periods= 6*2= 12 semesters

Interest rate= 0.06/2= 0.03

<u>To calculate the present value (PV), we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= 150,000 / (1.03^12)

PV= $105,206.99

3 0
3 years ago
Creative Images Co. offers its services to individuals desiring to improve their personal images. After the accounts have been a
Hatshy [7]

Answer:

Journal 1

Debit : Fees Earned $702,400

Credit : Income Statement  $702,400

<em>Closing off Revenue against Income Statements</em>

<em />

Journal 2

Debit : Income Statement  $574,600

Credit : Wages Expense $480,000

Credit : Rent Expense $69,000

Credit : Supplies Expense $11,000

Credit : Miscellaneous Expense $14,600

<em>Closing off Expenses against Income Statements</em>

Explanation:

The Income Statement accounts for Incomes and expenses. Therefore, close off the Income Accounts against the Income Statement as well as  Expenses Accounts.

8 0
3 years ago
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