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3 years ago

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

Business

2 answers:

agasfer [191]3 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]3 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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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021:

nignag [31]

Aug. 1 Inventory On Hand—2,000 Units; Cost $5.70 Each.

Second sales assumed to be 7,000 units at a price of $11.40 each.

Answer:

Altira Corporation

August 2021 Ending Inventory & Cost of Goods Sold:

1. Ending Inventory = 9,000 units at $5.88 per unit = $52,920

2. Cost of goods sold =

9,600 x $5.87 = $56,352

7,000 x $5.95 = $41,650

16,600 units = $98,002

Explanation:

a) Calculations:

Units Unit Cost Total Cost

Beginning Inventory 2,000 $5.70 $11,400

Purchases 12,000 $5.90 $70,800

Weighted average cost = ($11,400 + $70,800) / 14,000 = $5.87

Sales (9,600) $12.00 $115,200

Units remaining 4,400 $5.87 $25,828

Purchases 7,200 $6.00 $43,200

Weighted average cost = ($25,828 + $43,200) / 11,600 = $5.95

Sales (7,000) $11.40 $79,800

Units remaining 4,600 $5.95 $27,370

Purchases 4,400 $5.80 $25,520

Weighted average cost = ($27,370 + $25,520) / 9,000 = $5.88

Ending Inventory 9,000 $5.88 $52,920

b) The 'Average Cost Method' or the Weighted Average Cost Method assumes that the cost of inventory is based on the average cost of the goods available for sale during the period. To compute the average cost, divide the total cost of goods available for sale by the total units available for sale.

6 0

4 years ago

Bristol Company's contribution margin income statement is presented below. Sales for the current period consisted of 7,500 units

avanturin [10]

Answer and Explanation:

The computation is shown below:

The Selling price per unit = $225,000 ÷ 7500 = $30

ANd,

Variable cost per unit = $135,000 ÷ 7500 = $18

a) Breakeven point = Fixed cost ÷ Contribution margin per unit

= $48,000 ÷ ($30 - $18)

= 4000 units

b) Breakeven dollars = Breakeven point × selling price per unit

= 4000 × 30

= $120,000

C) Margin of Safety in dollars = Sales Revenue - Breakeven dollars

= $225,000 - $120,000

= $105,000

d) Margin of Safety in percent

= $105,000 ÷ $225,000

= 46.67%

5 0

3 years ago

A firm using multiproduct branding typically spends blank______ to develop consumer brand awareness when introducing a product l

Charra [1.4K]

Typically spends LESS to develop consumer brand awareness.

5 0

2 years ago

One aspect of financial planning is to make sure you maintain adequate insurance coverage for your needs. Which aspect of financ

LekaFEV [45]

It is <span>C. Managing Risk
</span>

8 0

3 years ago

Read 2 more answers

Which of the following is a normative statement?

zmey [24]

Answer: B) Flood victims should pay for their own rebuilding.

Explanation:

Normative statements are statements that shows people's opinion, judgement or how things should be. They are factual statements.

8 0

3 years ago