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Firlakuza [10]
3 years ago
10

Under Armour wants to assess its brand equity more effectively and asks its marketing team to convince upper management why it i

s important to spend the money on measuring it. Which reason is the most convincing that the team should use?
Business
1 answer:
oee [108]3 years ago
3 0

Answer:

The correct answer is letter "A": Brand equity is strategically important and correlates directly to Under Armour's profitability.

Explanation:

Brand equity refers to the perception consumers have about a firm that affects its value. Brand equity could be positive or negative. It is an important element for companies aiming to settle in the market through marketing strategies that generate more profits by attracting more customers. Brand equity can be measured by <em>price, customer satisfaction, popularity, brand awareness </em>or <em>market share.</em>

<em />

<em>Thus, the marketing team of Under Armour could state that conducting a brand equity measurement is crucial because it is related to the firm's ability to generate profit.</em>

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Max's demand for hot dogs falls as his income rises, then for Max hot dogs are a. a bad good. b. a normal good. c. a neutral goo
kotykmax [81]

         The reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.

<h3>What is an inferior good?</h3>

An inferior good is a concept used in economics to describe a product whose demand falls as people's earnings increase. As salaries and the economy improve, people begin to replace these things with more expensive alternatives.

  • The demand for an inferior good usually falls as consumer income grows, as opposed to normal goods, which experience the reverse. 

Therefore, we can conclude that the reduction in Max's demand for hot dogs as his income rises shows that Max's hot dogs are an inferior good.


Learn more about inferior goods here:
brainly.com/question/6039968

5 0
2 years ago
Dillon has a standard of 1.5 pounds of materials per unit, at $6 per pound. In producing 2,000 units, Dillon used 3,100 pounds o
svp [43]

Answer:

$135 Unfavorable

Explanation:

The computation of total variance is shown below:-

For computing the total variance first we need to find out the actual price which is below:-

Actual price = Total cost ÷ Actual quantity

= $18,135 ÷ 3,100

= $5.85 pound

Now,

Total variance = Standard quantity × Standard price - Actual quantity × Actual price

= (($2,000 × 1.5) × $6) - 3,100 × $5.85

= 3,000 × $6 - 3,100 × $5.85

= $18,000 - $18135

= $135 Unfavorable.

3 0
3 years ago
All of the following are ways to calculate different versions of ROI​ except: A. Return on sales x investment turnover B. Income
Virty [35]

Answer:

The answer is D

Explanation:

The formula - Revenues​ / Total Assets is not one of the ways to calculate Return on Investment (ROI)

Return on Investment (ROI) is a ratio

net profit to cost of investment(total money invested the project or compnay)

The numerator must be profit while the denominator must be related to cost of Investment.

In all of the options, it is only option D that has revenue(sales) as the numerator which makes it automatically wrong.

7 0
3 years ago
How are SAE programs expanded and/or diversified?
harkovskaia [24]

Answer:

The SAE programs could be extended even diversified using the following techniques.  

Explanation:

  • Increased self-employment has led to something like the SAE programs.  
  • Rather than growing the breadth of this. The concept seems to be the volume, gross margin, quantity of acres, respectively.  
  • By introducing or growing new goods as well as companies. This would be referred to those as diversification.  
  • Whilst also connecting to the awareness acquired via the SAE programs.
8 0
3 years ago
When the economy is in a recession, expansionary fiscal policy can be used to stimulate and encourage economic growth. Which of
kicyunya [14]

Answer:

A. The government lowers tax rates and undertakes a replacement of old bridges and roads

B. The government lowers tax rates and issues a partial refund of taxes that have already been paid

These 2 statements are correct explained below

Explanation:

A. The government lowers tax rates and undertakes a replacement of old bridges and roads, this statement is correct because when the government lowers tax rates it means that people have higher disposable income on their hands therefore they can spend more which increases demand, and people also invest more which increases supply, also the replacement of bridges and roads is improvement in infrastructure and this also increases supply as transportation is easier and cheaper for businesses.

B. The government lowers tax rates and issues a partial refund of taxes that have already been paid, this statement is correct because when the government lowers tax rates it means that people have higher disposable income on their hands therefore they can spend more which increases demand, and people also invest more which increases supply, also refund of taxes will increase the disposable money that people have so they can invest and consume both which will increase both supply and demand.

C. The government raises tax rates and reduces unemployment insurance payment

This is contraction fiscal policy and will do the opposite of expansionary fiscal policy, that is why this statement is incorrect.

D. The Federal Reserve increases the money supply and lowers the interest rate while the government simultaneously reduces future taxes. This statement is wrong because lowering the interest rate is an expansionary monetary policy and not an expansionary fiscal policy.

7 0
3 years ago
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