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2 years ago

Describe the six buyer-readiness stages along with the marketing strategies used at each stage.

Business

1 answer:

ipn [44]2 years ago

3 0

Answer:

There are six buyer-readiness stages through buyer or consumer has to pass through before buying any product or services.:

Awareness: The buyer should be aware or informed about the product, which he or she is going to buy.
Knowledge: The buyer should have knowledge or skill to use the product.
Initial interest: The conusmer should have interest or curiosity to buy the product.
Preference: The buyer should have preference of buying the product before any competing product in the market, due price or quality or promotional benefits, etc.
Conviction: The consumer should have conviction that product will be suitable for hir or her´s need.
Purchase: This is a final stage that consumer should have easy access of buying the product and should be aware about promotional offer on the particular product to get more benefits.

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Baldwin Company incurred and recorded an expense for material costs that have not yet been paid as of year-end. On the balance s

Tema [17]

Answer:

It will be reported as accrued expenses (c)

Explanation:

Accrued expenses represents amount owed for either serviced that has been enjoyed or goods that have been delivered but yet to be paid for.

Income statement is prepared on accrual basis, hence, these expenses will be recognized in the current period and matched with revenues generated.

4 0

2 years ago

State Street Beverage Company issues $805,000 of 9%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and

Citrus2011 [14]

Answer:

Option (B) If the market rate of interest is 10%, the bonds will issue at a discount

Explanation:

Interest rate risk is defined as the risk changing which, interest rates will affect bond prices. When current interest rates are greater than a bond's coupon rate, the bond will be sold below its face value at a discount. When interest rates are less than the coupon rate, the bond can be sold at a premium--higher than the face value.

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2 years ago

A fully discrete whole life insurance policy paying $50,000 at the end of the year of death is issued to an individual age 36. T

DerKrebs [107]

Answer:

Our P = 17540 $

Explanation:

Amount of Insurance Policy = 50000$

premium reserve at 10th Year = 8000$

Net Premium for the policy = 900$

Annual Interest Rate = 6%

Net Premium at the age of 46 = ????

900 * 10 years = 9000$

9000 + Interest rate @ 6% = 9540$

Net Premium + Premium reserve of 10 Years = 9540 +8000 = 17540$

P = 17540 $

Note: As similar policy have interest rate @ 6%,which is paid every year,

At the age of 46, Net premium reserved amount also will be recovered.

6 0

2 years ago

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.

OverLord2011 [107]

Answer:

Present Value= $15,874.25

Explanation:

Giving the following information:

Assume the real rate of interest is 3.00% and the inflation rate is 6.00%. What is the value today of receiving 14,488.00 in 13.00 years?

<u>This is a rare case where the interest rate is negative:</u>

Interest rate= 0.03 - 0.06= -0.03

Having said this, the present value is higher than the final value:

PV= FV/ (1+i)^n

PV= 14,488/ 0.97^3= $15,874.25

6 0

3 years ago

A severe freeze has once again damaged the Florida orange crop. Explain the impact of the weather condition on the market for or

Elanso [62]

Answer:

Because the freeze has damaged the orange crop, the supply curve wil shift to the left, since suppliers now have less oranges available for sale.

This will cause the equilibrium quantity to fall, because there is less produce available, and the equilibrium price to rise, because all else being equal demand remains unaffected, and now, more consumers will scramble for a lesser amount of the good.

6 0

3 years ago