Answer:
Marketing strategy.
Explanation:
Marketing strategy is a process of using the marketing mix to satisfy and attract consumer to make a profit for the organization, define as a set of objectives, policies, rules that guide over a time for marketing effort of the firm.
Is a long-term course of action designed to optimize allocation of the scarce resources at the disposal of a firm in delivering superior customer experiences and promote the interests of other stakeholders.
Steps of Marketing Strategy:
• Understand the customer
• Analyze the market
• Analyze the competitors
• Research and Distributions
• Defining the Marketing Mix
• Financial Analysis
• Review & Implementation
Answer:
Misstatement is referred to as errors in the presentation of financial information that could lead to wrong decision by the users
Explanation:
Occurrence : Issuing of dummy invoices for sales that did not occur
Completeness: Sales invoice were not fully recorded due to omission or misplacement
Authorization: Sales are not approved by the responsible manager. No authorized signature
Accuracy : Casting of sales figure on the register is not correct.
Cutoff : Sales are not recorded in the proper accounting period. January sales being recorded in the previous year account.
Classification : Grants being wrongly recorded as revenue
Presentation : Exaggerated revenue.
Answer:
d. Percentage change in welfare resulting from a 1% change in the crop’s price.
Explanation:
(Net benefit ratio is the ratio of benefits to costs. So, it can be interpreted as percentage change in welfare resulting from 1% change in crop's price)
Answer:
II. Prevention costs are costs that are incurred to prevent the sale and production of defective units.
The agreement made between different companies to charge the same amount for products or to not sell the products below a fixed price is known as <u>price-fixing.</u><u />