Connection
Marketing communication connects your small business to your customers. Whether it’s communicating through an informational newsletter or through a social media forum where you exchange ideas, communication vehicles keep you in contact with consumers. This helps you build your business, establish a sense of trust and familiarity, and encourage repeat and referral business.
Input
You can solicit feedback from your customers through marketing communication tools such as surveys, questionnaires and focus groups. Asking for customer input makes consumers feel invested in your business, because you’re demonstrating to them that their opinion matters. The input you receive can help you improve services, differentiate product lines and better serve your customer’s needs.
Answer: Contribution margin is 1,650
Explanation:
Contribution margin is calculated with the Net sales minus de Variable cost.
Considering that the sales price per sandwich is 5.25 and the quantity sold was 600 sandwiches the Net sale amount is 3,150.
To calculate the variable cost you use the variable cost per sandwich and the quantity sold, the total variable cost is 1,500.
The contribution margin resulted in 1,650 (3,150 minus 1,500), with this amount the fixed cost per month could be covered.
Answer:
Antitrust laws
Explanation:
Antitrust laws or competition laws are statutes developed by the U.S. government in order to protect consumers from predatory business practices. They ensure that fair competition exists in an open-market economy.
Answer:
b. 3.70 percent
Explanation:
Expected rate of return of a stock, given probabilities, is calculated by summing up the product of probability of each state occurring by the expected return of the stock should that happen.
Expected rate of return = SUM (probability *return)
Boom;(probability* return) = (0.15* 0.10) = 0.015 or 1.5%
Normal ;(probability* return) = (0.70* 0.04) = 0.028 or 2.8%
Recession ; (probability* return) = (0.15* -0.04) = -0.006 or -0.6%
Next, sum up the expected return for each state of the economy to find the expected rate of return on this stock;
= 1.5% + 2.8% -0.6%
= 3.7%
Therefore, the correct answer is choice B.
Answer:
Explanation:
Beginning work in process inventory $25,400
Add: Costs added to production during the month $297,000
Total cost to be accounted for $322,400
So in the department's cost reconciliation report for August, the total cost to be accounted for would be $322,400