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garri49 [273]
2 years ago
12

What can provide key data so you can develop a marketing plan that works?

Business
2 answers:
agasfer [191]2 years ago
6 0
<h3>Answer:</h3><h2>(C) Market Research</h2><h3>Explanation:</h3>

Market research is the method of getting information about your market. Preferably, this is precise information about your target market and the key determinants that control their buying decisions. Market research can be irregular and limited in scope and, although it may not be “statistically significant” research, it can still be helpful.

Lubov Fominskaja [6]2 years ago
3 0

Answer:

The correct answer would be C, Market Research.

Explanation:

Before making a Marketing Plan, the concerned personnel must have the facts and figures and data about the market. This data which must consist of the consumers' preferences, needs and demands, must be gathered before developing the marketing plan. This data which shows the consumers preferences is basically gathered through the market research. This research will be used to make a better marketing plan for the company to get benefit out of it in the future.

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Cool Fan Company sells 10,000 units to wholesalers each year at $60 per unit. The materials cost $10 per fan and unit labor cost
eimsori [14]

Answer:

e. $ 350,000

Explanation:

Given: Total number of units= 10000.

           Selling price= $60 per unit.

           The material cost= $10 per fan

           Labor cost= $15 per unit.

           Promotion and marketing cost= $100000.

           Facility expense= $80000.

           Other overhead cost= $20,000.

Now, finding the variable cost of fan.

Variable cost= Total\ material\ cost + Labor\ cost

Variable cost= (\$ 10\times 10000+ \$ 15 \times  10000)

⇒ Variable cost= \$ 100000+\$ 150000= \$ 250000

∴ Variable cost= $250000.

Selling price= (\$ 60\times 10000)= \$ 600000

∴ Selling price of fan is $600000.

Unit contribution= (selling\ price - variable\ cost)

Next find the unit contribution of each fan.

⇒ Unit contribution=  (\$ 600000 - \$ 250000)

∴ Unit contribution of each fan is $350000.

8 0
2 years ago
When presenting your reason or explanation in a bad news letter, when is it appropriate to be specific?
uranmaximum [27]

Answer:

Always be specific. But don't repeat yourself, keep it concise and simple. maybe showing optimism may help... i hope this answers your question. not sure i understand it tho.

Explanation:

7 0
2 years ago
A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
Ipatiy [6.2K]

Answer:

$3200 favorable

Explanation:

We have given range of number of production = 40000 units

So average of number of units =\frac{35000+45000}{2}=40000

Variable cost = $2 per unit

So total variable cost = 40000×$2 = $80000

Fixed overhead = $72000

Budgeted overhead for actual production = Variable overhead +Fixed overhead  = $80000+$72000 = $152000

Actual total overhead cost = $148,800

Total overhead controllable cost variance = Budgeted overhead - Actual overhead

= $152,000 - $148,800 = $3,200 favorable.

6 0
3 years ago
. Assume that the company produces and sells 45,000 units during the year at a selling price of $16 per unit. Prepare a contribu
zzz [600]

Answer and Explanation:

The preparation of the contribution margin income statement for the year is presented below:

Sales (45,000 units × $16 per unit) $720,000

Less: variable cost (45,000 units × $180,000 ÷ 30,000 units) -$270,000

Contribution margin $450,000

Less: fixed cost -$300,000

Net operating income $150,000

3 0
3 years ago
Choose and describe a business that you would expect to have highly liquid assets and share a photo of that business (or company
Slav-nsk [51]

Answer:

I have chosen Apple Inc.

Explanation:

Apple Inc is a tech giant and manufactures innovative and most differentiated telecommunication products, music products, computer products, application services, etc which is highly valued among its customers. That's the reason why Apple is one of the most highly valued company in the world with almost $137 billion cash balance. This cash balance has been increased by $20 billion in the last three years which shows its higher profitability and that its inventory is highly liquid asset because it is quickly converted into cash. Furthermore, the greater demand of product and customer loyalty has strengthen its position all because of unmatched innovation introduced in each of its product every year. The greater cash balance shows that the company has greater sales and has higher profit margin on its unmatched product.

The picture of Apple headquarter and of its logo are given below:

6 0
3 years ago
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