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gavmur [86]
4 years ago
11

"All else held constant" is a major problem facing all methods of estimating the demand for business products. Compare and contr

ast how the marketing and economic approaches deal with this problem. Please use examples.
Business
1 answer:
pshichka [43]4 years ago
3 0

Answer:

In Economics, the phrase "All esle held constant" is also sometimes written in Latin "Ceteris Paribus". In Economics, this assumption is fundamental to the whole academic discipline since Economics is based on economic models that make a series of assumptions in order to reach partial conditions.

So in Economics, the reasoning is always in the manner of "all else held constant".

In Marketing, what is always done is to estimate demand for a product, and then, apply a marketing strategy in order to try to not only meet demand, but sell even more. This is because the main goal of Marketing is to satisfy customers beyond their expectations.

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Hugo Munsterberg believed that psychologists can contribute to industry by devising management strategies to influence employees to follow management's interests.
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3 years ago
After using market research to identify the target audience for his advertising campaign, jorge will next use this information t
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D. Set explicit and measurable objectives for the campaign.

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Weber Company purchases $52,200 of raw materials on account, and it incurs $62,200 of factory labor costs. Supporting records sh
netineya [11]

Answer:

This problem requires us to pass journal entry to assign overhead to the Assembly and Finishing Departments.

We know that overhead is allocated on estimation basis through applied overhead account. The basis of assignment is given in the question. The overhead will be assigne/recorded in relevant department work in process cost account. The journal entry is given below.

Debit Assembly WIP Account                         $ 70,720

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3 0
3 years ago
Unions contribute to a. cyclical unemployment. b. frictional unemployment. c. structural unemployment. d. seasonal unemployment.
sveticcg [70]

Answer:

The correct answer is d. c. structural unemployment.

Explanation:

Structural unemployment is due to the fact that the number of existing jobs is insufficient to give employment to everyone who wants a worker (active population).

When a union raises wages above the equilibrium level, it increases the supply of employment and reduces demand. This generates unemployment.

• Internal workers benefit from  high salaries earned in negotiation  collective

• External workers have difficulties in  find a job or have to accept a job in a non-union company.

4 0
3 years ago
Management anticipates fixed costs of $72,500 and variable costs equal to 40% of sales. What will pretax income equal if sales a
satela [25.4K]

Answer:

Pretax income= $122,500

Explanation:

Giving the following information:

Fixed costs= $72,500

Variable costs equal to 40% of sales.

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Pretax income= contribution margin - fixed costs

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Pretax income= $122,500

8 0
3 years ago
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