Answer:
The options for this question are the following:
A. payoff matrix.
B. mission statement.
C. tactical plan.
D. organization chart.
The correct answer is B. Mission statement.
Explanation:
A good mission statement is a useful tool for well-managed businesses. It is the "why" of business strategy.
A mission statement defines the objectives of what a company does by:
Your clients
The employees
Their owners
Some of the best mission statements also extend to include the fourth and fifth dimensions: what the company does for its community and for the world.
In terms of marketing, a mission statement is a brief paragraph that describes what your business does and why it exists. If that sounds like useless marketing that could be labeled as a long list of the most important things to do, you're not alone.
The reality is that many mission statements are ineffective. Usually, they are the ones written in minutes with very little thought from their creators.
Answer:
The recommended actions for success in informational interviews are;
1. Dress neatly and arrive on time
2. Let him/her talk about himself briefly
3. Ask elaborate questions about the career
Explanation:
An informational interview can be defined as a brief conversation with a pioneer in a professional career that you consider pursuing. They can be considered as a short summary of what that particular profession entails and how to succeed in that particular field. Informational interviews are form a very integral part of a networking plan, especially if you want to consider those specific careers. The following actions can be taken towards a successful informational interview;
1. Dress neatly and arrive on time
This gives the impression that you take the interview seriously and that you are responsible. Always remember first impressions matter
2. Create a personal relationship
Most people are always excited about talking about themselves especially if they know that someone else thinks that their career choice is interesting. This gives the interviewee a kind of personal space to talk about their personal choices. This helps relieve tension and makes him/her open up more which creates a personal relationship.
3. Ask elaborate questions about the career
This is the point where one needs to ask challenging questions that has been thoroughly researched so that you sound interested and committed towards the career path. The interviewee will feel respected.
Answer:
$78,000
Explanation:
The computation of interest at year end is shown below:-
Interest at year end = Cash contribution + Income of partnership + Share of partnership liabilities - Cash from the partnership
= $50,000 + $20,000 × 50% + $60,000 × 50% - $12,000
= $90,000 + $10,000 + $30,000 - $12,000
= $78,000
Therefore for computing the partnership interest at year end we simply applied the above formula by considering all the items given in the question
Answer:
Based on what we know, Viral Marking is so successful because it creates curiosity and desire needed to generate the demand for a product or a service.
In conclusion:
Yes, viral marketing is consistently successful.
<u>A. By conducting a focus group before launching the product</u>
Pricing in the business world is very delicate. People will always tend to go for the cheapest product if they aren't loyal to a specific brand. So, when you are starting a business, it is extremely important to focus on pricing. Your prices have to be low enough for people to buy them, but high enough to break even and make a profit.
A focus group would have assisted Kalim in finding the best price for his product. By conducting this, the group would have told him exactly what they would pay for something like his product. However, the damage done is not permanent. He should now lower the prices or conduct a focus group to find out the best price for his food.
