1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paha777 [63]
3 years ago
12

Using the consumer products classification system, which of the following is true of the marketing mix factors for a convenience

product?
a. It is generally high priced.
b.The seller's image is very important.
c. It has a long distribution channel.
d. Its number of sales outlets tends to be very few.
Business
1 answer:
Elza [17]3 years ago
4 0

Answer:

The correct answer is C

Explanation:

Consumer products classification system is a system or a model which is presented in the most of the principles of marketing in the product mix. This model simplifies the consumer products into 4 categories.

So, the factor of marketing mix which will convenience product is the one which has the long channel of distribution, as it will help in reaching the product to the buyer.

You might be interested in
Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions.
Naily [24]

Answer:

Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable 23,600

Cash 22,892

Dr Merchandise inventory 708

(Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

Dr Sales discount 708

Cr Account receivable 23,600

Explanation:

Preparation of the Journal entry for Buyer

May 11 Dr Merchandise inventory 25,000

Cr Account payable 25,000

Dr Merchandise inventory 410

Cr Cash 410

May 12 Dr Account payable 1400

Cr Merchandise inventory 1400

May 20 Dr Account payable (25,000-1400) 23,600

Cash (23,600*97%) 22,892

Dr Merchandise inventory 708

(23,600*3%)

Preparation of Journal entry (Seller)

May 11 Dr Account receivable 25,000

Cr Sales revenue 25,000

Dr Cost of goods sold 16,750

Cr Merchandise inventory 16,750

May 12 Dr Sales return and allowance 1400

Cr Account receivable 1400

Dr Merchandise inventory 938

Cr Cost of goods sold 938

May 20 Dr Cash 22,892

[(25,000-14000)*97%]

Dr Sales discount 708

[(25,000-14000)*3%]

Cr Account receivable 23,600

8 0
3 years ago
How does email marketing help companies nurture customers?
Lapatulllka [165]

Answer:Email helps with a lot of things , emails can help companies keep track of things such as documentary , reciepts,checks and more.

Explanation:

8 0
3 years ago
Megamart, a retailer of consumer goods, provides the following information on two of its departments (each considered an investm
Effectus [21]

Answer:

Investment Center     Sales             Income           Average

Invested Assets

Electronics             45,000,000    3,420,000      18,000,000  

Sporting goods      25,200,000    2,520,000      14,000,000

Profit Margin

Profit Margin= Net Income / Sales

- Electronics = 3,420,000 / 45,000,000  = 7.60%  

- Sporting Goods  = 2,520,000 / 25,200,000 = 10.00%

From this, sporting goods generate the most income per dollar of sale.

Investment Turnover

Investment Turnover = Sale / Average Assets

- Electronics = 45,000,000 / 18,000,000 = 2.5

- Sporting Goods = 25,200,000 / 14,000,000 = 1.8

From this, Electronics is most efficient in driving sale per dollar of investment.

6 0
3 years ago
if your credit card is $10,275 and you pay the full balance before the bill is due, how much will you pay in interest
liubo4ka [24]
$0 hope that helps!!!!!
8 0
3 years ago
Read 2 more answers
Nergui buys only specialized mountain bikes because he believes they are the best product available. He will not buy any parts o
OlgaM077 [116]
Nergui is displaying brand loyalty
5 0
3 years ago
Other questions:
  • Joe must pay liabilities of 1,000 due one year from now and another 2,000 due three years from now. There are two available inve
    11·1 answer
  • Jacinda quit her job as a blackjack dealer where she made​ $42,000 per year to start her own florist business. Her business expe
    9·1 answer
  • During March, Patt, Inc. purchases and uses 8,800 pounds of materials costing $35,640 to make 4,000 tiles. Patt's standard mater
    13·1 answer
  • The headline of a news story is the most important part because it
    7·2 answers
  • An industry is considered to be global to the extent that its industry position in one country is dependent upon the industry po
    15·1 answer
  • Which business type pays double tax to the government
    14·1 answer
  • Molly has generated general business credits over the years that have not been utilized. The amounts generated and not utilized
    10·1 answer
  • what appears to be the main reason for the success of amish businesses when compared to other u.s. businesses?
    14·1 answer
  • Do you know the Travis Bruns sales rep for Crown Lift Services case study
    8·1 answer
  • the securities and exchange commission supported the practice of insider trading on the stock market.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!