In order to compare the $1 an hour your grand father earn in the year 1950 with the $8 an hour you earn today, you would needed to calculate real wages in both 1950 and today. Calculating both 1950 and today salary of your grandfather will help you compare the earning your grandfather worked.<span>
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Answer: Marketing myopia
Explanation: Several corporations incorrectly take a brief-sighted attitude to market in ' Marketing Myopia, ' seeing it as simply a method for selling products. Because of the brief-sighted mentality and misconception that a corporation is in a so-called' growth industry,' the Myopic societies, Levitt theorized, will open the way for a company to collapse.
This conviction results in self-confidence and a loss of vision of what consumers want. Such individuals are said to rely too much on the original product and failed to adapt directly to the customer's needs and desires.
Organizations need to determine and operate on the needs and wishes of their consumers to keep growing, not on the presumed durability of their items. In any case, it's not because the market is flooded that the reason for development is disrupted, delayed or halted. It's because there was a customer service failure.
Marketing involves companies and their customers working together to develop products that meet customer needs.
<h3>What is Marketing?</h3>
Marketing is a business strategy that identifies customers and their needs and provides the product to meet the customers need.
- Marketing checks for the value placed on a product by consumers and provides the needs base on their preference.
Therefore, marketing involves working with customers to provide their needs.
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Answer:
a purchase option
Explanation:
A purchase option in a real estate contract allows the buyer to purchase a property within a certain specified of time for an agreed price. For example, I have a purchase option that allows me to buy an apartment within 6 months for $150,000.
While the purchase option is valid, the seller cannot sell or transfer the property to another buyer.
Answer:
a. Dr Sales $619,200
Cr Customer Refunds Payable $619,200
b. Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
Explanation:
a. Preparation of the journal entry to record Estimated customer refunds and allowances
Dr Sales $619,200
($51,600,000 × 1.2%)
Cr Customer Refunds Payable $619,200
(To record Estimated customer refunds and allowances )
b. Preparation of the journal entry to Estimated customer returns
Dr Estimated Returns Inventory $400,000
Cr Cost of Merchandise Sold $400,000
(To record Estimated customer returns)