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gladu [14]
3 years ago
7

Implementation of the marketing concept requires a firm to obtain information on what customers needs are and how those needs ar

e being met by products currently on the market.
A) True
B) False
Business
1 answer:
AVprozaik [17]3 years ago
3 0

Answer:

The answer is A) True

Explanation:

To implement the marketing concept effectively, 3 basic elements must be give the attention. they are,

  1. customer orientation;
  2. an organization to implement a customer orientation;
  3. long-range customer and societal welfare

Understanding what customer's' needs are and how those needs are being met by products currently on the market is a vital part of the process of implementation as without that particular understanding, the organization may fail to introduce their product successfully to the customers and to position it effectively in the market through branding strategies.

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Which business environment are SMEs part of? Micro, market,macro environment and why
vaieri [72.5K]

Answer:

Micro-environment factors include internal factors i.e. customers, suppliers, competitors, etc. whereas macro-environment has external factors like political, social, economic, etc.



studiousguy.com › Marketing

3 0
3 years ago
Nelson Manufacturing has the following data:Variable costs are 60% of the unit selling price.The contribution margin ratio is 40
Strike441 [17]

Answer:

The answer is C. $500,000 + .40X = X

Explanation:

$500,000 + .40X = X

Break even point = 500000 ÷ 500

= 1000 units

5 0
3 years ago
Exodus Limousine Company has $1,000 par value bonds outstanding at 17 percent interest. The bonds will mature in 40 years. Use A
deff fn [24]

Answer:

Consider the following calculation

Explanation:

Yield to maturity is not given here. So we assume that Yield to maturity is 10%.

Present value of interest payment :

PV = A*PVIFA (n= 40,i =10%)

= 170*9.7791

= 1662.45

Present value of principal payment at maturity

PV = FV*PVIF (n= 40,i =10%)

= 1000 * .0221

= 22.10

Current price of bond = 1662.45+22.10

= $ 1684.55

5 0
4 years ago
The demand for subassembly S is 8080 units in week 7. Each unit of S requires 11 unitnothing of T and 11 unitnothing of U. Each
slavikrds [6]

Answer:

Please find the detailed answer as follows:

Explanation:

Consider the table attached in the excel.

The above are the requirements of the units of material if demand of 8080 units of S has to be completed.

The requirement of units of U for maintenance is given in the second table.

As the lead time for S is two weeks the components should be ready by the fifth week.

As the lead time for components T and U both is 2 weeks their components should be ready by the third week.

Hence in the first week the required number of units of V, W, Y and Z are to be ordered as all of them are required in the third week.

The required number of units of X are to be ordered in the second week to be ready in third week.

The required units of U, Y and Z are to be ordered considering the requirement to make S plus the maintenance requirements.

Download xlsx
6 0
3 years ago
An unanticipated expense that will make it difficult to
astra-53 [7]

Answer:

A) emergency fund spending.

Explanation:

An unanticipated expense that will make it difficult to

get by day-to-day would be a candidate for emergency fund spending.

An unanticipated expense indicates a kind of expense incurred by an individual without being planned for and as such don't fit into regular budget. It could arise in an emergency situation or during hike in price of goods and services.

Examples of unanticipated expense includes; medical bills, car repairs bills, annual insurance premium etc.

3 0
3 years ago
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