Product life cycle is important for a business to focus on the introduction stage then the growth stage because the products to gain distribution as the product is initially new in the market. The quality of product is not assured and the price of the product will also determine as low or high.
Explanation:
- The cost is going to be on a higher side.
- The sales will be slow since there is no awareness of the product.
- There might be little or no competition in the market.
- You make very little money of the product sold.
- Customer are to prompted to take initiate into the product.
- Demand has to be created.
- Marketing cost at the highest level because of recognition.
- Profit is received from product is very minimal.
- First impression is the last impression that impression is created
- In the introduction of the product.
Answer:
Walmart
Explanation:
The serviescape of a business includes the business appereance, layout, structure, signage, and equipment.
Walmart is a retail superstore that specializes in cheap consumer goods. The layout of the Walmart, is accordingly, spacious in order to accommodate as many products as possible.
The colors blue, yellow and white dominate the sings in the store, because those are the colors of the corporate brand. In the ailes, prices are written with very large fonts so that any customer can easily read them. This has to do with the fact that Walmart has established itself as a cheap option.
The greeters at Walmart are part of the corporate culture, but also a means to prevent shoplifting.
Groups of related business activities such as the acquisition of merchandise and payment of vendors are called transaction cycles.
A transaction cycle is an interlocking set of business transactions. Most of those transactions may be aggregated into a comparatively small number of transaction cycles associated with the sale of products, payments to suppliers, payments to employees, and payments to lenders.
A transaction cycle is a set of accounting transaction that happens in a very normal sequence as an example a sales transaction is followed by shipping transaction, a billing transaction, and a cash receipts transaction.
Therefore, there are four transaction cycles which are the following:- Financial cycle, expenditure cycle, revenue cycle, conversion cycle.
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Answer:
The correct answer is letter "C": An ethnocentric.
Explanation:
An ethnocentric company is the type of organization that promotes the culture of its own culture among employees and focuses on providing local workers with the best opportunities possible so they can be competitive. These firms have a nationalistic approach and have the main goal of contributing to their country's development.
<span>Henry Company should record the rent expense on August 2. Although the check was prepared on July 25 and mailed on July 27, it should not be recorded until the check is actually cashed.</span>
