Rounding off statistics helps the audience remember them better. There are many things that should be done when talking about statisics and going over them but out of the above choices, the most correct is making sure that the audience remembres and understands the statsitics. Statistics will not be remember by many when they are a long series of numbers even if they are as exact as it can be,
A free market is where the prices of good ands service are detirmined by the open market and consumers, in which the laws and forces of supply and demand are controlled by government or any other authority.
Answer: marketing plan
Explanation: In simple words, marketing plan refers to the plan that outlines the set of activities that an organisation has to perform for the next year in respect to its advertising and marketing efforts. A market plan is seen as a sub part of a business plan.
It helps an organisation to effectively perform its marketing activities as it outlines the sources , methods and timing of how it will be performed. Thus, in the genitive case, company should make a marketing plan by which they can aware their customers and can increase their market share.
Answer: <em>Option (D). Marketing Myopia</em>
Explanation:
From the given case/scenario, we can state that Cullen and MacNeil’s corporation tends to suffer from Marketing Myopia. Marketing Myopia tends to suggest that the businesses and organization will do much better at the end only if they tend to concentrate on meeting their customers and consumers needs instead of concentrating on just selling the products and services.
Answer:
Prescott discontinue selling this product
Explanation:
Production cost per tablet = $2,000,00 / 5,000,000 = $0.40
Marginal costs per tablet = $0.10
Total avoidable cost per tablet = $0.40 + $0.10 = $0.50
Since the total avoidable cost per tablet of $0.50 is higher than the selling price of $0.40 per tablet, Prescott discontinue selling t.his product
Note that $500,000 to obtain FDA approval and $100,000 to certify one of production lines for its production are sunk costs which are not avoidable. They are therefore not considered in the decision making.