1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
3 years ago
9

Club Med Inc. talks to its present and potential customers to assess their needs for its products. Then it develops products to

satisfy those needs. The firm is thus applying the ____ concept.
Business
1 answer:
spayn [35]3 years ago
7 0

Answer:

marketing concept.

Explanation:

The above is marketing concept because it involves all actions taken to draw the attention of people towards the product offered by a business. The product so offered can be a physical good such as sale of home appliances or services to be rendered. Example of marketing concept are advertising a product either in the television or radio or on bill boards.

Marketing concept makes use of data to concentrate on the desires of consumers by developing products that would suit those need and also accomplish the organization goals of satisfying their customers needs.

You might be interested in
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom
Pie

Answer:

ROI = Net operating income        x 100

         Average operating assets

ROI = $1,924,320   x 100

         $6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

7 0
3 years ago
The amount of a good that must be given up to produce another good is the concept of:
Vesna [10]
E.) Opportunity cost is the cost associated with giving up one opportunity for the benefit earned by another.
3 0
3 years ago
The combined American Marketing Association's 2004/2007 definitions of marketing used in the textbook defines marketing as______
Scilla [17]

Answer:

Option B is correct. According to the Combined American Marketing Assiciation 2004, marketing is the activity for creating, communicating, delivering, and exchanging offerings that benefit its customers, the organization, its stakeholders, and society at large.

Explanation:

This defination clearly denies the illegal activities or unethical trading by adding the phrase that it will benefit society at large not to a single entity.

6 0
3 years ago
On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease
densk [106]

Answer: $5,222,400

Explanation:

Here is the complete question:

On December 31, 2021, Harris Co. leased a machine from Catt, Inc. for a five-year period. Equal annual payments under the lease are $2,100,000 (including $100,000 annual executory costs) and are due on December 31 of each year. The first payment was made on December 31, 2021, and the second payment was made on December 31, 2022. The five lease payments are discounted at 10% over the lease term. The present value of lease payments at the inception of the lease and before the first annual payment was $8,756,727. The lease is appropriately accounted for as a finance lease by Harris. In its December 31, 2022 balance sheet, Harris should report a lease liability of

a. $6,340,000.

b. $6,240,000.

c. $5,706,000.

d. $5,222,400

In its December 31, 2022 balance sheet, Harris should report a lease liability of:

Present value of annual lease payments = $8,756,727

Less: Annual lease payment on December 31, 2021 = $2,100,000

Less: Annual lease payment on December 31, 2022 = $2,100,000

Add: Interest expense on lease liability = $665,673

Lease liability = $5,222,400

Note that the interest expense on lease liability is calculated as:

= (8756727 - 2100000) × 10%

= $6,656,727 × 0.1

= $665,672.7 = $665,673

6 0
2 years ago
A local county commissioner is under fire for utilizing an out-of-county florist owned by her daughter to purchase flower arrang
Nastasia [14]
A conflict of interest
5 0
2 years ago
Other questions:
  • Do you think trade of goods and services between countries is important?
    13·1 answer
  • Flo buys a Go! battery that, if used in a Hi-Digital music player, which can be powered only by an IntraChemico battery, may cau
    10·1 answer
  • Skidmore Music Company had the following transactions in March:
    15·1 answer
  • Suppose your employer offers you a choice between a $ 4 comma 600 bonus and 200 shares of the company stock. Whichever one you c
    15·1 answer
  • Lets talk for a brain bro
    10·1 answer
  • A government is torn between selling annual pollution allowances and setting an annual pollution tax. Unlike in the messy real w
    9·1 answer
  • There is an E. coli breakout on a cruise shio which leads to the cancellation of reservations on other cruise ships. What kind o
    8·1 answer
  • The ledger of Mai Company includes the following accounts with normal balances as of December 31: Common Stock $9,000; Dividends
    14·1 answer
  • Salespeople receive a 7% commission on all items that they sell. Their sales for one day totaled $675. What was the amount of co
    13·1 answer
  • a 1000 par value 18-year bond with annual coupons is bought to yield an annual effective rate of 5%. the amount for amortization
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!