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bekas [8.4K]
3 years ago
13

When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cos

t packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications.
O True O False
Business
1 answer:
Andrews [41]3 years ago
5 0

The given statement " When determining its marketing mix for a new product, a company decides to price the item in the discount category, with low-cost packaging. The company would most likely choose a minimal promotions strategy with few, if any, broad communications " is TRUE.

Explanation:

The marketing mix relates to the series of measures or strategies used by a corporation to sell a commodity or product on the marketplace.

The 4Ps represent a traditional marketing blend, including price ,product ,promotion and place.

  • Define the firm's Single Sales Proposal (USP).
  • Describe the brand target audience.
  • Define in depth the element.
  • Develop a product pricing plan.
  • Recognise the market location of the product. Specify the advertising techniques you are using for the product.
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Edwin Pritchard deposited 7,500 in a 3 - year, time - deposit account that pays simple interests at a 5.9% annual rate. What tot
NISA [10]

Answer: Edwin's deposit will earn an interest of $1327.50

We determine the simple interest on an amount deposited with the following formula:

SI = P*N*R

where

SI = Simple Interest

P = Principal or the amount deposited

N = Number of years for which the deposit is made

R = annual rate of interest on the principal

Substituting the values from the question in the formula above we get,

SI = 7500 * 3 * 0.059

SI = 1327.50

7 0
3 years ago
A 12-month insurance policy was purchased on Dec. 1 for $3,600 and the Prepaid insurance account was increased for the payment.
arsen [322]

Answer:

c.Insurance expense would be debited for $300.

Explanation:

Provided that

12 month insurance policy purchased on Dec 1 = $3,600

So, the adjusting entry on Dec 31 would be

Insurance expense A/c Dr $300

          To Prepaid Insurance $300

(Being insurance expense is recorded)

The computation is

= $3,600 ÷ 12 months

= 300

As we have to compute for 1 month so we recorded $300 insurance expense

4 0
3 years ago
Jack’s Snow Removal Company received a cash advance of $14,700 on December 1, Year 1 to provide services during the months of De
Ipatiy [6.2K]

Answer:

d. increase equity by $4,900

Explanation:

Jack Snow received $14,700 on December 1 for services to be rendered in December, January and February. It will not be recorded as income because it hasn't been earned.

Adjusting entries will be passed at the end of each month to recognise amount earned.

Since it is for 3 months, monthly amount earned = 14,700/3= $4,900

At December 31 Retained earnings will be credited for $4,900.

Retained earnings is part of owner's equity.

So equity will increase by $4,900

8 0
3 years ago
Four students from your economics class are sitting in a local restaurant discussing the market for coffee. Below are quotes fro
Nastasia [14]

Answer:

D. Tasha: "If coffee drinkers expect the price of coffee to rise next month, then current demand will go up and lead to a price increase this month."

This is the only one with incorrect economic analysis

Explanation:

A. is correct because a shortage of supply would drop the price as we can see in the Graph 1 with the supply curve.

B. is correct because if the two goods are substitues then a lower price for caffeinated soft drinks like Mountain Dew would cause the consumer demand for coffe to go down because the consumers would prefer the good with lower price, rising the demand for Mountain dow in detriment of coffe.

C. is correct as we can see in the Graph 1, the increse in the demand would generate a higher price but it would make the demand go back to D1

D. is incorrect because if coffee drinkers consume more coffee this monht the price would lower.

8 0
3 years ago
What would happen to the equilibrium price and quantity of lattés if coffee shops began using a machine that reduced the amount
UkoKoshka [18]

Answer:

.d. The equilibrium quantity would increase, and the effect on equilibrium price would be ambiguous.

Explanation:

The use of the machine would increase the supply of lattes and price falls. The supply curve would shift to the right. If scientists discover that coffees reduce heart attack, the demand for coffee would increase and price would increase. The demand curve would shift to the right.

The combined effect would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price.

I hope my answer helps you

7 0
3 years ago
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