That means more people in the market are purchasing the company's product. This tends to happen due to the fact that there are lots of people purchasing the products. That's where the word 'penetration' come from since people are starting to see it as totally in demand.
Answer:
The correct answer is B. using technology to stay responsive to customer needs.
Explanation:
The use of technologies in companies is increasingly common in order to achieve an improvement in operation. This strategy allows having up-to-date information about any organizational area, as well as sales behavior in order to make investment decisions that allow the correct use of resources and the generation of profits. What is shown in the statement is that World Spice Market relies 100% on technology in order to determine the sales process, starting from the display case to the sale to the buyer.
<span>The company president does not believe that the formula should be altered for fear it will tarnish the company's brand. </span>She prefers that the company spend more on marketing and
increase the price. The company’s accountants believe that if marketing costs are increase
by $400,000 then the company can achieve a selling price of $42 per bottle without losing
any sales. At this price, will the company achieve its target operating income of 40% of
revenue?
Total cost
= $9,600,000
Add:
Increase in marketing costs=
400
,000
Total costs of redesigned table =
$10
,000,000
Revised cost per unit ($10,000,000 ÷ 400,000 units)
= $25
Target cost per unit ($42 × 0.60)
= $25.20
Yes, this proposal allows the company to meet its goal of target costs less than 60% of
revenue and target operating income greater than 40% of revenue.
Rational choice theory states that individuals rely on rational calculations to achieve outcomes that are in line with their personal objectives. These decisions provide people with the greatest benefit or satisfaction — given the choices available — and are also in their highest self-interest.