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3 years ago

What is a tangible symbol that communicates the features, benefits, and advantages of a particular product to consumers?

Business

1 answer:

Zarrin [17]3 years ago

4 0

Answer:

A brand logo is a tangible symbol that communicates the features, benefits, and the advantages of a particular product to consumers.

Explanation:

Logo can be defined as any symbol that is said to represent any particular brand and also depicts the features of that given brand. Many companies often succeed in showing the advantages and benefits of the products in the logo. It is tangible because we can see the image and design and sometimes can touch the image as well. A well-known example of a brand logo is that of e-commerce company Amazon, which in its logo depicts that the company sells everything from A to Z with the help of an arrow below the alphabets A and Z of the word AMAZON. Therefore, the correct answer to the question is the brand logo.

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Answer:

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4 years ago

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The mission statement of the marketing department should articulate _____. the overall mission of the company the sustainability

soldier1979 [14.2K]

I believe the answer is the wants and needs of the customers.

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4 years ago

A manager receives a forecast for next year. Demand is projected to be 510 units for the first half of the year and 1,020 units

lukranit [14]

Answer:

290 units

Explanation:

The order size that will minimize the sum of ordering and carrying costs is known as the Optimum Order Quantity or Economic Order Quantity (EOQ).

At this point, the Ordering and Carrying costs will be at their minimal.

<em>Optimum Order Quantity = √2 × Annual Demand × Ordering Cost per unit ÷ Holding Cost per unit</em>

Where,

Annual Demand = 1st half + 2nd half

= 510 units + 1,020 units

= 1,530 units

Therefore

Optimum Order Quantity = √ (2 × 1,530 units × $55) ÷ $2

= 290

Conclusion

The order size that will minimize the sum of ordering and carrying costs is 290 units

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3 years ago

Leary Corporation had net credit sales during the year of $1,200,000 and cost of goods sold of $720,000. The balance in accounts

Bumek [7]

Answer:

Accounts Receivable Turnover = 8.0 Times

Explanation:

given data

net credit sales = $1,200,000

cost of goods sold = $720,000

accounts receivable beginning = $120,000

accounts receivable ending = $180,000

to find out

What was the accounts receivable turnover

solution

we get here accounts Receivable Turnover that is express as

Accounts Receivable Turnover = Net Credit Sales ÷ Average Accounts Receivable .................1

here Average Accounts Receivable is = Opening Accounts Receivable + Closing Accounts Receivable .................2

Average Accounts Receivable = $\frac{$1,20,000+$1,80,000}{2}$

Average Accounts Receivable = $1,50,000

so put value in equation 1

Accounts Receivable Turnover = $\frac{12,00,000}{1,50,000}$

Accounts Receivable Turnover = 8.0 Times

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