Answer: Option B
Explanation: In simple words, contingency planning refers to the planning which is done by an organisation to effectively respond to a problem that may arise in the future. This is done for those problems that affects the whole organisation.
Just like every other planning it also takes both internal and external environment into consideration. There is no fixed time frame for which the contingency planning is done.
Hence from the above we can conclude that the correct option is B.
Answer:
It helps giving you the ability to choose what you think is best for your business
Explanation:
Vic, using the money tree metaphor is awesome in order to explain. Think about your free enterprise (let’s say… a store that sells trees!).
What you need in order to start and run a business? A place to sell those trees, employees, products, infrastructure, etc., and capital to fund all that. All that business plans and models that you will develop in order to have a successful business will require that you make economic decisions, actions. And, in order to make those decisions, you need economic liberty, which is exactly the ability one has to make economic decisions without political, economic or social blocks.
Imagine that in your region you can only sell trees with red leaves, or your trees are taxed much more than trees coming from overseas, or that employment law requires that no employee gets near a plant (who knows, it could be to prevent allergic season!). That would make super hard to develop your business right?
That’s how economic liberty could help you grow your money tree; into giving you the ability to choose what you think is best for your business.
A change in the product variable caused changes in the promotion variable of the marketing mix.
<h3>What is the marketing concept?</h3>
- The marketing notion is the belief that businesses should assess the demands of their clients before making choices that will best meet those needs.
<h3>What is a market concept?</h3>
- The "correct" principle is the foundation of the marketing concept.
- The marketing idea is the use of marketing data to concentrate on consumer needs and wants in order to design marketing strategies that not only meet customer needs but also achieve organizational goals.
<h3>What is the marketing process?</h3>
- In order to research market prospects, select a target consumer, and develop a comprehensive marketing plan to engage with those customers and qualify leads for the sales team, a company must first go through the marketing process.
Learn more about marketing process here:
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Answer:
book value and market value.
Explanation:
Book value of an asset is the value of an asset as reported originally in the balance sheet or financial statement of an organization, which may be adjusted for subsequent changes as a result of depreciation or impairment.
Market value is the price or cost associated with an item trading in the open market, it entails the lowest price a seller is willing to sell and the highest price a potential buyer is willing to pay to buy goods over a period of time in the market.
The difference between the historic price a firm paid and its going price among current buyers and sellers is the difference between its book value and market value.
