When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids the extra costs of developing and producing additional versions of the product.
For better understanding, lets explain the term
- Market segmentation is simply known as the act of gathering or aggregating known buyers into groups that have common needs and will respond almost the same to a marketing action.
- Organization that makes only a single product or service do try to avoids any extra costs that may arise because they want to focus on just one thing
From the above, we can therefore say that the answer When an organization produces only a single product or service and attempts to sell it to two or more market segments. It avoids tahe extra costs of developing and producing additional versions of the product.
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Answer and Explanation:
The journal entry is shown below:
1. Organization expense Dr $58,500
To cash $58,500
(Being organization expense is recorded)
Here organization expense is debited as it increased the expenses and credited the cash as it decreased the assets. Also the assets and expenses contains normal debit balance
2. No entry is required as the amortization is recorded for only intangible assets
Answer:
It is a sales promotion.
Explanation:
Sales promotion tool is used because of following factors:
a) It improve the sales for short term as it gives another reason to buy the product.
b) It is targeted toward brand switcher.
c) It encourage occasional buyer to make more purchases.
d) Increase new customer and brand loyalty.
e) Provide benefits to existing customer.
Koffee is also using sales promotion tool to get benefit in sales and Brand development.
Answer: $0.79.
Explanation:
Given that,
Tendered bill = $5
Bill charged = $4.21
Therefore,
The change due is calculated by subtracting bill charged from tendered bill.
Change due = Tendered bill - Bill charged
= $5 - $4.21
= $0.79
Hence, change in dollars would be $0.79.
