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MAVERICK [17]
2 years ago
7

What do you think about the value of trend watching for supporting marketing decision-making? Would it be relevant in your busin

ess? Where might it prove useful?
Business
1 answer:
Katena32 [7]2 years ago
6 0

Answer: TREND WATCHING HELPS MARKETERS TO PREPARE AND PREVENT THE RECURRENCE OF NEGATIVE IMPACTS ON THE BUSINESS.

TREND WATCHING IS RELEVANT IN BUSINESS.

TO PREVENT AND PREPARE FOR POSSIBLE MARKET RISKS.

Explanation:Trend watch is a process through which an analysis is carried out to understand the existing situations in a business Environment and make adequate preparation or take steps aimed at controlling any possible risk .

Trend watch is very relevant as it prevents a business entity from losses and it helps Businesses to prepare for and control possible risks,most Marketing Organisations usually do trend watching in order to improve overall performance and profits.

You might be interested in
Wisconsin Company collected $42,000 cash on its accounts receivable. The effects of this transaction are: Multiple Choice Both t
Bas_tet [7]

Answer:

Option Total assets, total liabilities, and equity are unchanged.

Explanation:

The reason is that the double entry to record this transaction is as under:

Dr Cash Account       $42,000

Cr Accounts Receivable $42,000

Hence there increase in one asset and decrease in other asset will have zero net impact on assets. As equity and liabilities are not effected by the transaction, hence they will also remain unchanged.

5 0
3 years ago
Lex Corporation is an expanding telecommunications company. However, they are in need of more computers for their new employees.
Kobotan [32]

Answer:

The Answer is Capital.

Explanation:

In Economics, we identify that there are 4 main factors that contribute to the production, we call them "factors of production" and they are,

  1. Land: Not just "land" but also includes all the natural resources that could be extracted and used for any production purposes.
  2. Labor: Mental and physical efforts carried out by humans in the production process.
  3. Capital: Assets or anything  that can enhance/boost the ability to produce. Usually, these are generated or created as a result of human interventions and efforts.
  4. Entrepreneurship: the set of skills required to coordinate and manage the process of production successfully.

So, under which category of factors that the computers fall under? Simple right? Its 3.Capital! because they are assets that are created by humans to aid in enhancing the production capabilities!

5 0
3 years ago
Funsters, Inc., the largest toy company in the country, sells its most popular doll for $15. It has just learned that its leadin
sukhopar [10]

Answer:

Funsters should increase the supply of its doll now before the other doll hits the market.

Explanation:

6 0
2 years ago
JT Inc. produces gourmet frozen dinners for the airline industry. JT has fixed costs of $200,000 and variable costs of $8 per fr
nadezda [96]

Answer:

The operating profit for this year amounts to $ 550,000

Explanation:

Operating Profit is computed below as:

Operating Profit = Revenue - Expense (Fixed Cost + Variable Cost)

                           = $1,950,000 - ($200,000 + $1,200,000)

                           = $1,950,000 - $1,400,000

                          = $550,000

Revenue = Number of frozen dinners × Selling Price

               = 150,000 × $13

               = $1,950,000

Variable Cost = Number of frozen dinners × Cost per frozen dinner

                       = 150,000 ×  $8

                       = $1,200,000

6 0
3 years ago
Smythe Co. makes furniture. The following data are taken from its production plans for the year.
Pepsi [2]

Answer:

ii

Explanation:

Number of pounds remain same whether the expected production id 207,000 or 21,000 units. Direct labor hours vary with expected units of production. So, assignement based on direct labor hours is better for assigning costs to eact product

5 0
3 years ago
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