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stellarik [79]
3 years ago
12

You have been hired as a marketing director for Terraineous, a hiking apparel and footwear company. Your most urgent problem is

that sales of its newest product, a hiking boot, are failing to meet projections. In analyzing the situation, you learn that the company is falling short in customer service; no one has been designated to answer buyers' questions about how to clean and care for the boot.When you meet with the CEO, you want to pinpoint exactly which variable of the marketing mix is at the root of this problem. What should you tell her?
Business
1 answer:
Sphinxa [80]3 years ago
5 0

Answer:

The answer is: People variable

Explanation:

In a traditional 4 Ps marketing mix (price, product, place & promotion), customer services is not dealt with appropriately. A more modern approach, called the 7 Ps of Service Marketing adds the process, people and physical evidence variables.

People variable refers to the task individuals perform to support the product. They include service providers, customer service, marketers, etc.

This more modern approach (proposed in 1981) is mostly used for selling services, but has gained importance with more modern and technical products.

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How is the unemployment rate calculated?
nasty-shy [4]

Answer:

hi, tge answer is C - Number of Unemployed Persons / Labor Force.

7 0
3 years ago
All of the following are anticipated effects of a proposed project. Which of these should be considered when computing the cash
Evgesh-ka [11]

Answer: Operating cash flow, net working capital recovery, salvage values

Explanation:

The anticipated effects of a proposed project that should be considered when computing the cash flow for the final year of the project include the operating cash flow, net working capital recovery, and the salvage values.

It should be noted that the operating cash flows which consist of the net income and the non cash expenses with the salvage value and the redemption of working capital are all included during the computation of the cash flow for the final year of the project.

3 0
3 years ago
On January 1, 2017, Sage Co. enters into a contract to sell a customer a wiring base and shelving unit that sits on the base in
slavikrds [6]

Answer:

<u>January 1, 2017</u>

Debit: Accounts Receivable $2800

Credit: Deferred Revenue[Wiring Base] - $1120

Credit: Deferred Revenue[Shelving Unit] - $1680

Narration: Contract Detail and invoicing of the client.

<u>February 5, 2017</u>

Debit Deferred Revenue[Wiring Base] - $1120

Credit Revenue Account - [Wiring Base] - $1120

Narration: Revenue recognition of Wiring Base delivered to customer

<u>February 25, 2017</u>

Debit Deferred Revenue[Shelving Unit]- $1680

Credit Revenue Account - [Shelving Unit] - $1680

Narration: Revenue recognition of Shelf delivered to customer

<u>February 25, 2017</u>

Debit: Bank - $2800

Credit: Accounts Receivable - $2800

Narration: Payment received in settlement of contract fully delivered

Explanation:

The question is an example of a Performance Contract.

A Performance Contract is an agreement with a customer by a vendor to discharge a service or provide goods that are distinct from each other. The accounting for this obligations will therefore be recorded and recognized separately.

It is also important to note that the services or goods must be separately identifiable and the customer must be able to derive from each goods on individually or jointly.

The rule is to

  1. Recognize the contract and invoice amount with the customer as Deferred Income.
  2. Identify the distinct obligations and services to be provided.
  3. Identify the transaction amount for each service or good.
  4. As each obligation is met, the revenue is finally recognized and transferred from Deferred income.
3 0
3 years ago
Seven business functions that may be found in your supermarket
just olya [345]

A seven business functions that can be found in the supermarket can namely be the following; human resources, marketing, advertising, sales, computing, accounting and purchasing as they are important for a business to be kept going that is why they are named as business functions.

7 0
3 years ago
The economy enters a recession. Employment falls by 4%, and the number of hours per week worked by each employed worker falls by
ziro4ka [17]

Answer:

Size of labor force = 1,996 workers

Number of unemployed workers = 172

Unemployment rate = 8.62%

Total output per week = 686,462.4 units

Labor productivity per hour = 9.65 units

Labor productivity per worker in a week = 376.35 units

Explanation:

Assuming the following missing information:

Number of workers = 2,000

Employed workers - 1,900

Hours worked per week = 40 hours

Output per labor hour = 10 units

During the recession:

Size of labor force = 2,000 - 2,000(0.2%) = 1,996 workers

Number of employed workers = 96% x 1,900 = 1,824

Number of unemployed workers = 1,996 - 1,824 = 172

Unemployment rate = (1,996 - 1,872) / 1,996 x 100 = 8.62%

Total output per week

= Number of workers x Hours worked x Output per labor hour

= 1,824 x 40(97.5%) x 10[100% - 1.4%(2.5)]

= 1,824 x 39 x 9.65

= 686,462.4 units

Labor productivity per hour = 686,462.4 / (1,824 x 39) = 9.65 units

Labor productivity per worker = 686,462.4 / 1,824 = 376.35 units

6 0
4 years ago
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