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LuckyWell [14K]
3 years ago
11

The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men

with the ability to maintain their facial hair using a traditional razor or an electric razor. The marketing manager estimates that Gillette has a strong level of loyalty and brand name appeal and will garner 20% of the overall market. This amount is known as the
asked _______. In addition, the marketing manager believes the total sales for the category will be $30 million annually for razors and razor blades for men. This is known as the ______________.
A) ​company sales potential; market potential.
B) ​market share; category sale.
C) ​industry share; company forecast.
D) ​demand; supply.
Business
1 answer:
dusya [7]3 years ago
6 0

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.  

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

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Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
irga5000 [103]

The equilibrium point in a competitive market exists at the point of optimal market efficiency.

<h3>What is competitive market?</h3>

A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory,  A perfect market also understood as an atomistic market, is determined  by several idealizing requirements, collectively anointed perfect competition or atomistic competition.

No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.

To learn more about competitive market refer to:

brainly.com/question/8753703

#SPJ4

7 0
2 years ago
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th
MAXImum [283]

Answer:

$14,506

Explanation:

Calculation to determine what the total materials handling cost allocated to the wall mirrors is closest to:

First step is to calculate Material handling cost per labor hour

Material handling cost per labor hour = $16,754.50 / [(12,900 * 9) + (1,500 * 12)]

Material handling cost per labor hour =$16,754.50/(116,100+18,000)

Material handling cost per labor hour = $16,754.50/134,100

Material handling cost per labor hour =0.124940

Now let calculate the Materials handling cost allocated to wall mirrors

Materials handling cost allocated to wall mirrors = 12,900 *9*0.124940

Materials handling cost allocated to wall mirrors = $14,506

Therefore the total materials handling cost allocated to the wall mirrors is closest to:$14,506

8 0
3 years ago
If a speech consists of a story or series of short stories, which pattern of organization is the speaker using
Liono4ka [1.6K]
The pattern that is being referred to above is called the NARRATIVE PATTERN. If a speech contains a story or a series of short stories in it, and only includes a vivid imagery, the setting, plot and characters, then this would fall in the narrative pattern. Narrative means to narrate or to tell something according to the other of when it happened.
6 0
3 years ago
Throughout the course of your life, you have converted some of your cash on hand to certificates of deposit and bonds. You also
Serjik [45]

Answer:

intangible property

Explanation:

Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics.

Other intangible property include patents, software, licenses, copyrights and trademarks. All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.

4 0
3 years ago
Tyrell Company issued callable bonds with a par value of $36,000. The call option requires Tyrell to pay a call premium of $500
Natalka [10]

Answer and Explanation:

The Journal entry is shown below:-

1. Bond Payable Dr, $36,000

Loss on retirement of bond Dr, $8,000

     To Cash $36,500

     To Discount on bond payable $7,500

(Being early retirement of bond is recorded)

For recording the early retirement of bond we debited the Bond Payable as it decreasing the liability and Loss on retirement of bond as it is a loss and we credited the cash as it decreases and Discount on bond payable as it is a balancing figure.

2. Bond Payable Dr, $36,000  

Premium on bond payable Dr, $1,000

     To Cash $36,500

     To Gain on retirement of bond $500

(Being early retirement of bond is recorded)

For recording the early retirement of bond we simply debited as it decreasing the liability and we credited the Gain on retirement of bond as it is a income.

5 0
3 years ago
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