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Flura [38]
4 years ago
9

Which do you think creates more of a challenge for marketers, multiculturalism or multigenerationalism? EXPLAIN

Business
1 answer:
Harlamova29_29 [7]4 years ago
3 0

Multiculturalism is when there are several different cultural or ethnic groups within society. These people differ on culture, race and ethnicities so their values and way of life are unique to their culture.  Multigenerationalism is when there are several different age groups (generations) present within society. I think it is more of a challenge for marketers to market with many different cultures living within society because cultures usually have larger differences over generations. With generations, customs do change and there are differences but they are still of the same nationality and race so the social norms are much more similar.  When there are larger differences it is hard to market and reach all of the potential consumers.

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What money management skills?
VLD [36.1K]

Answer:

Money management skills are the abilities to control your spending and money and be able to prepare for the future.

Explanation:

by preparing for the future, I mean saving up your money while still using enough so you have food and clothes and other necessities. and by being able to control it, I mean not spending your money on useless things like a box chicken or fancy luxurious scissors.

5 0
3 years ago
Tinsel Co.’s balances in allowance for credit losses were $70,000 at the beginning of the current year and $55,000 at year end.
nevsk [136]

Answer:

$50,000

Explanation:

Since Tinsel Co.’s balances in allowance for credit losses were $70,000 at the beginning of the current year and $55,000 at year end.

If during the year, receivables of $35,000 were written off as uncollectible, the amount that Tinsel should report as credit loss expense at year end is $50,000 and this is derived by

Opening balance .................................... 70,000

Add: Receivables written off .............. .35,000

less: Closing balance .............................<u>(55,000)</u>

= Amount of credit loss for the year - <u>50,000</u>

<u />

7 0
3 years ago
Read 2 more answers
A price ceiling will have NO immediate effect if: a. it is set above the equilibrium price. b. the equilibrium price is above th
ioda

Answer:

A. Set above equilibrium price

Explanation:

A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.

If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.

Option A is correct because... (please refer attached diagram):

When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.

4 0
4 years ago
Why is cost price important in price determination?​
wlad13 [49]

Answer:

The cost price is the price you buy a product for. You need to compare the cost price to the selling price to know whether you got a profit or loss (did you make money or did you not).

If you don't know the cost price, you don't know whether you have a profit or loss. Of course everyone wants a profit (make money) so to determine a selling price the cost price is important.

6 0
3 years ago
Read 2 more answers
The percentage-of-completion method is used primarily for short-term contracts. A.recognizes revenue and gross profit each perio
maxonik [38]

Answer:

A.recognizes revenue and gross profit each period based upon progress.

Explanation:

The percentage of completion approach is an accounting technique used to recognize revenue in ongoing projects. Revenue from long term contracts is calculated based on the percentage of work completed in a period. This method is applied when payments are assured, and the percentage of work done can be estimated with some degree of accuracy.

The percentage of completion is mostly used in construction industries, but the concept can be used in many projects.  The method compares the revenues and expenses of a project against the percentage of work completed in the financial period. The percentage of completion method contrasts with the completed contract method that recognizes income upon completion of a project.

8 0
3 years ago
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