For example, a business might be willing to absorb lower profits and even losses in the present to strengthen its position and increase its market share so that it can earn higher profits in the future.
Answer:
Internal marketing
Explanation:
Internal marketing is a promotion of company's program or product toward the people within the company rather than customers in the market.
Internal marketing is often being done for several purposes:
- to increase employees' willingness to advocate for the company's brand.
- If the employees within the company talk negatively about their own brand, this will create a more serious damaged compared to negative talk provided by customers or competitors. Internal marketing is sued to prevent such situation.
- To increase employees' overall productivity.
By making sure the employees are satisfied with their jobs, it will increase the likelihood that the employees become more willing to put more time and effort into their job. This will resulted in increasing productivity.
Shan’sdhshehsh shehshahehe shehdhs
The value of the account when the granddaughter reaches her 13th birthday will be $2720
Compound interest is interest that builds up over a set length of time on both principal and interest. The principal is also used to account for the interest that has accrued on a principal over time. Furthermore, the accumulated principal value is used to calculate interest for the subsequent period.
Principal amount invested = $1000
Rate of return = 8% per year
Time = 13 years
Using the formula we get the following:
A = P(1+r/100)^n
where A = amount
P = principal amount invested
r = rate of return
n = time in years
Substituting the values in the formula we get:
A = 1000(1+8/100)^13
= $2719.62 or $2720
Learn more about compound interest:
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Answer:
defensive strategy.
Explanation:
Defensive strategy is defined as the techniques companies use to retain valuable clients that can be taken away by competition.
It is means a company takes to protect its market share and maintain profits.
Frank's reduction of his companie's location to two is a defensive strategy aimed at satisfying a smaller number of clients in a more competitive market.