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3 years ago

To have an effective marketing exchange process, you must make sure it involves a customer, a provider, a product, and a:

Business

1 answer:

Travka [436]3 years ago

7 0

Answer:

Transaction

Explanation:

Marketing exchange process refers to a process wherein two or more individuals buy or sell a good. Exchange refers to the consideration which is paid in return for the product i.e money.

For any exchange to take place it is essential that the good is transacted.

Customer would be the one who requires the product or the ones who create a want.

A Provider is the one who satisfies a want or say the one who makes the product available.

Product is the bundle of utilities or attributes which satisfies a want.

Transaction is effected when the buyer gets the product and the seller gets paid for the product.

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A production facility employs 10 workers on the day shift, 8 workers on the swing shift, and 6 workers on the graveyard shift. A

prisoha [69]

Answer:

The answer is below

Explanation:

A What is the probability that all 4 selected workers will be the day shift?

B What is the probability that all 4 selected workers will be the same shift?

C What is the probability that at least two different shifts will be represented among the selected workers.

The total number of workers = 10 + 8 + 6 = 24

The probability that all 4 selected workers will be the day shift is given as:

$P_a=\frac{C(10,4)}{C(24,4)}= \frac{210}{10626}=0.0198$

$C(n,r)=\frac{n!}{(n-r)!r!}$

B) The probability that all 4 selected workers will be the same shift ( $P_B$ ) = probability that all 4 selected workers will be the day shift + probability that all 4 selected workers will be the swing shift + probability that all 4 selected workers will be the graveyard shift.

Hence:

$P_B=\frac{C(10,4)}{C(24,4)}+\frac{C(8,4)}{C(24,4)}+\frac{C(6,4)}{C(24,4)}=0.0198+0.0066+0.0014=0.0278$

C) The probability that at least two different shifts will be represented among the selected workers ( $P_C$ )= 1 - the probability that all 4 selected workers will be the same shift( $P_B$ )

$P_C=1-P_B\\\\P_C=1-0.0278\\\\P_C=0.972$

7 0

2 years ago

About 13 to 16 guests out of every 100 are purposefully out to scam us and get something for free.

antoniya [11.8K]

Answer:

True

Explanation:

2% out of 100 guest purposefully scam.

3 0

3 years ago

Read 2 more answers

When the allowance method is used to account for uncollectible accounts, Bad Debts Expense is debited when A. a customer’s accou

MaRussiya [10]

Answer:

Option D. management estimates the amount of uncollectibles

Explanation:

When the company estimates the bad debts, reflects it in the balance sheet through a Debit entry in the Bad Debt Expenses againts the asset account Allowance for Doubtful Accounts as a Credit.

When the bad debt are confirm as uncollectible the loss is reflected in the Account Receivable as a Credit with the correspondent debit entry in the Allowance for Doubtful Accounts.

7 0

2 years ago

Suppose that when the average college student's income is $10,000 per year, the annual quantity demanded of Patty's Pizza is 50

kvasek [131]

Answer:

Explanation:

Pizza quantity Change = 60-50 = 10

Income change = $12000 - $10000 = $2000

Mid point of Quantity of Pizza = (50+60)/2 = 55

Mid point of income = ($12000 + $10000)/2 = $11000

Income elasticity = 10*11,000/2000*55 = 110,000/110,000=1

Pizza is a unit elastic normal good, because percentage change in income = % change in pizza quantity

7 0

2 years ago

"Based on historical figures, how much would you LOSE by putting your money in a savings account compared to investing in the st

Mama L [17]

Answer:

4.5% annual interest.

Explanation:

Assuming that we are talking about a specific Savings Account then we can say that the average APY on a savings account such as HSBC savings is 2.5% per year. On the other hand, the stock market has an average APY of 7% annually. Therefore, in order to find how much you would lose by putting your money in a savings account, we would need to subtract the savings account APY from the stock market APY.

7% - 2.5% = 4.5%

We can see that what you would lose in opportunity cost is 4.5% annual interest.

6 0

3 years ago