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Viktor [21]
3 years ago
5

What are the definition and purpose of a business?

Business
1 answer:
sergiy2304 [10]3 years ago
4 0

Answer:

The answer is explained below

Explanation:

A business provides goods or services in exchange for money. A business is a commercial activity which involves the production of goods and services for others so as to make profit. For a business to make profit, they need to satisfy the need of their customer.  The goal of a business, if it wants to survive over time is to make profit by providing the necessities of its customers. Business creates job for the citizens and earn revenue for the country

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While discussing servicing an automatic transmission, Technician A says
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Technician B not all trans have drain plugs
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4 years ago
blistre company operates on a contribution margin of​ 30% and currently has fixed costs of​ $550,000. next​ year, sales are proj
Ivan

Blistre Company operates on a contribution margin of 20% and currently has fixed costs of $500,000. Next year, sales are projected to be $3,000,000. An advertising campaign is being evaluated that costs an additional $80,000. $400,000 sales increases to justify the additional​ expenditure.

An advertising campaign is a series of commercial messages that percentage a single concept and subject which make up an integrated advertising verbal exchange. An IMC is a platform in which a set of people can organization their thoughts, beliefs, and ideas into one large media base.

What is an advertising campaign?

An advertising campaign campaign is a advertising ad or a fixed of commercials centered at particular target market segments. Their fundamental goal is to increase conversions. The fulfillment of an ad marketing campaign relies upon on the choice of a channel, approach, and approaches.

Why is advertising campaign important?

Advertising campaign are essential because they are able to supply your enterprise a targeted edge when it comes to marketing and advertising. Of path, the intention is not to beat out different companies, but to find the folks who will maximum benefit out of your commercial enterprise.

What makes an advertising campaign successful?

Advertising campaign has the desired qualities of sturdy credibility, high audience attention ranges, and friendly audience reception. It capabilities open-ended communique with questions and answers approximately the product, psychological incentives to purchase, memorability, efficiency and frequency.

Learn more about advertising campaign here :- brainly.com/question/25754542

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8 0
2 years ago
Although most people want maximum attainment of every economic goal, there is the operating reality of ________________________
bixtya [17]

Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.

<h3>What is Opportunity Cost?</h3>

Opportunity cost is a concept in economics and it refers to the cost of something that has to be given up to enjoy something better. This can be for example the benefits of second best alternatives (when the first best is chosen) or alternative use of something, which is not decided on (the cost of not using land for farming and using it for building a house instead).

It is the amount or benefits an individual or organization get when they choose a particular products over another one.

The advantage could be monetary benefits.

Therefore, we can conclude that Although most people want to maximum attainment of every economic goals, there is the operating reality of opportunity cost that causes us to give up some of one thing if we want more of another.

Learn more about Opportunity Cost on:

brainly.com/question/1549591

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8 0
2 years ago
The standard deviation of a portfolio consisting of 30% of Stock X and 70% of Stock Y is:
andrew-mc [135]

Answer:

The portfolio SD is A. 20.65%

Explanation:

The standard deviation tells the total risk (both systematic and unsystematic) associated with a stock or a portfolio. The portfolio risk or the standard deviation of portfolio can be calculated using the following formula as attached in the picture below.

Using this formula, the standard deviation of the portfolio is:

SDp = √(0.3)² * (0.2)² + (0.7)² * (0.25)² + 2 * (0.3)*(0.7) * 0.4 * (0.2)*(0.25)

Portfolio SD = 0.20645 or 20.645% rounded off to 20.65%

5 0
3 years ago
All of the following statements related to recording warranty expense are true except: Multiple Choice Recording estimated warra
wel

Answer:

<em>Warranty expense should be recorded in the period when the warranty service is performed.</em>

Explanation:

When the product is sold, a product guarantee liability and warranty cost should be reported if it is possible that consumers may make claims under the warranty and the amount can be calculated.

Those two provisions are part of the Financial Accounting Standards Statement No. 5 of the FASB, Accounting for Contingencies.

5 0
4 years ago
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