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Lesechka [4]
3 years ago
5

A local art gallery keeps information on its customers regarding their preferences forcertain artists as well as the style of ar

t that interests them. The gallery uses thisinformation to inform the customers when new products arrive from their favoriteartists and targets them with special promotions. In this way, the gallery is using_______ to build loyalty among its customers.
a)Value co-creation
b)Customer relationship management
c)Transactional marketing
d)B2B marketing
e)The supply chain
Business
1 answer:
notsponge [240]3 years ago
4 0

Answer:

A - Value co - creation

Explanation:

Value co - creation is a strategy that promotes and encourages active involvement from the customer to create on-demand and made-to-order products. with this strategy,  consumers get exactly what they want and are involved in making it happen. So the Art gallery using such information is clearly using a value - co creation strategy to build loyalty among its customer.

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Consider the following data on the factor endowments of two countries, A and B: Labor Force (millions of workers) 45 20Capital S
Alexus [3.1K]

Answer:

a. Country A

b. Country B

c. Country A

Explanation:

Given

For Country A

Labor force = 45 million = 45000000

Capital Stock = 15 thousand= 15000

For Country B

Labor Force = 20 million = 20000000

Capital Stock = 10 thousand = 10000

a. Which country is relatively capital abundant

A country is capital abundant if its endowment of capital relative to other factors is large compared to other countries.

We calculate the capital/labor ratio for each country.

For A, Ratio = 45000000÷15000 = 3000

For B, Ratio = 20000000÷10000= 2000

The Ratio of country A is greater than B.

So, A is capital redundant.

b. Which country is relatively labor abundant

A country is labour abundant if its endowment of labour relative to other factors is large compared to other countries.

We calculate the labor/capital ratio for each country

For A, Ratio = 15000÷45000000 = 0.000333

For B, Ratio = 10000÷20000000 = 0.0005

The Ratio of country B js greater than A

So, B is capital redundant.

c. Suppose that good S is capital intensive relative to good T. Which country will have comparative advantage in the production of S?

Heckscher–Ohlin theorem in the two-factor case, it states: "A capital-abundant country will export the capital-intensive good, while the labor-abundant country will export the labor-intensive good"

So, if product S is capital intensive relative to T then country A will have more advantage in production of product T to aid their exportation.

4 0
3 years ago
Read 2 more answers
The standard rate of pay is $20 per direct labor hour. If the actual direct labor payroll was $117,600 for 6,000 direct labor ho
White raven [17]

Answer:

The variance is: $ 0.50 per direct labor hour.

Explanation:

Actual payroll = $117,000/6000h = $19.50 per hour

So, if we compare this value with the standard rate of pay ($20 per direct labor hour) The variance is: $20.00 - $ 19.50 = $0.50 per hour

5 0
3 years ago
You're on a social media team for a outdoors brand called Appalachia. They've decided to revitalize their Pinterest account and
Lapatulllka [165]

Inbound marketing is the process of coordinating and facilitating potential customers to find a particular company.

An outdoor brand called Appalachia can revitalize its Pinterest account and engage its customers on the platform by streamlining content creation:

  • Inbound marketing emphasizes building enduring and dependable relationships with your customers and attracting newer customers in an organic way.
  • Inbound marketing works according to three principles: attract, engage, and delight.
  • The company and its social media team would not only involve themselves in revitalizing their Pinterest account by making it more appealing and attractive to potential customers.
  • It should be equally invested in engaging with the customers through the process of content creation.
  • This could mean presenting insights into ways in which the customer chooses to buy from the company and prioritizes the particular company over other options.
  • Product promotions are one way in which, using multimedia channels coupled with regular posting on the platform, customers can be attracted and engaged with.
  • Content creation tools like trends, hashtags, social media marketing, and streamlined posts can be utilized for this objective.

Therefore, inbound marketing can greatly benefit from a streamlined content creation process that attracts and engages a sustained customer base of a company.

Learn more about content creation here: brainly.com/question/26476622

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3 0
2 years ago
Garnett Co. shipped inventory on consignment to Hart Co. that originally cost $50,000. Hart paid $1,200 for advertising that was
Yuki888 [10]

Answer:

The answer is: Garnett Co.'s net income is $7,600

Explanation:

To determine the net income we must first calculate the cost of goods sold and the commissions paid:

  • COGS = $50,000 x 40% = $20,000
  • Commissions = $32,000 x 10% = $3,200

Now we can elaborate the following income statement for Garnett Co.

Total sales                     $32,000

COGS                             ($20,000)

Commissions                 ($3,200)

<u>Advertising expense     ($1,200)    </u>

Net income                    $7,600

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the toyota production system identified which of the following types of waste to be eliminated? multiple choice product defects.
creativ13 [48]

the Toyota production system identified product defects types of waste to be eliminated.

The manufacturing process used by Toyota Motor Corporation to produce its vehicles is frequently referred to as a "lean manufacturing system" or a "Just-in-Time (JIT) system," and it is now well known and extensively researched.

The Toyota Production System (TPS) was developed based on two ideas: "jidoka" (loosely translated as "automation with a human touch"), whereby when a problem arises, the machinery immediately stops, preventing the production of defective goods; and the "Just-in-Time" idea, whereby each process only produces what is required for the subsequent process in a continuous flow.

For Toyota, jidoka signifies that anytime an irregularity happens, a machine must stop in a safe manner.

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brainly.com/question/9734162

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4 0
1 year ago
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