The _____ is an approach whereby an organization allocates its marketing mix resources to reach its target markets.

A large U.S.-based mechanical engineering firm, wants to enter the global market. Upon careful analysis of the market, they will

ozzi

Answer:Is big business that is very competitive today,and is expected to be more important and more competitive in the future.

Explanation: The Global or international market is a multifaceted,with several players and many opportunities, competitions taking place in the world. In the years to the business will become more important and competitive as new entrance from major multinational organizations. For it to survive the management has to put in place COST SAVING APPROACHES, COMPETITIVE PRICING AND ADOPT STRATEGIC PLANNING, SUPERIOR QUALITY PRODUCT,TIMELY EXECUTION OF WORK, GOOD CUSTOMER SERVICE etc are the possible actions to ensure it COMPETES FAVORABLE in the Global business.

8 0

3 years ago

ABC Construction enters into a contract to build two homes for brothers Jack and John. The contract specifies that the homes mus

Volgvan

Answer:

performance

Explanation:

This is an example of performance of the contract. In the context of Law, this refers to the act of doing exactly what was required by the contract that the party has agreed to, which effectively discharges the individual bound to do the act from any future contractual liability. Which in this scenario, since ABC Construction finished building the homes before the due date, they met their obligations and are free from the contract.

7 0

3 years ago

suppose that a small publisher selling to book distributors has fixed operating costs of $600,000 each year and variable costs o

Fantom [35]

If the selling price is $6.00, the break-even point will be achieved when the number of books sold is 200,000 units.

Break-even point (BEP) is a situation in which the profit is zero or the company does not gain profit or loss.

Recall that:

Profit = revenue - total cost

Since profit = 0, hence the condition for break-even point is:

revenue = total cost

Revenue = number of units sold x selling price per unit

Total cost = fixed cost + variable cost per unit x number of units sold

In the given problem, given parameters are:

selling price = $6.00

fixed operating cost = $600,000

variable cost = $3.00 per book

Let:

p = number of unit sold

Hence,

revenue = 6 x p = 6p

total cost = 600,000 + 3p

Condition for BEP:

revenue = total cost

6p = 600,000 + 3p

3p = 600,000

p = 600,000/3 = 200,000

Hence, the BEP achieved if the number of books sold is 200,000 units.

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8 0

1 year ago

Assume that the inflation rate becomes much lower in the United Kingdom relative to the United States. This will place ____ pres

valentinak56 [21]

Answer:

This will place <u>DOWNWARD</u> pressure on the value of the British pound. Also, assume that U.K. interest rates begin to decline relative to U.S. interest rates. The change in interest rates will place <u>UPWARD</u> pressure on the value of the British pound

Explanation:

When high inflation occurs, the value of a currency falls, so it should depreciate against other currencies. High inflation means that a certain amount of money will buy less amount of goods than it used to in the past.

If the interest rates of a country start to rise, more investors will be willing to invest in that country just to earn higher returns (higher interest rates = higher returns). Since investors will increase their purchase of the currency, then that will appreciate the currency against other foreign currencies until the effect of the high interest rates is cancelled out.

5 0

3 years ago

Miguel’s employer pays $1,825 in health insurance and $93 in life insurance per year. He also gets $2,860 in paid time off per y

prohojiy [21]

The job benefits are the benefits received by an employee by working in an organisation. These benefits includes health insurance , life insurance , salary , paid time off etc.

<h3>State the Step-by-step explanation:</h3>

Given,

Health insurance payment is $1,825

Life insurance per year is $ 93

Paid off per year is $2,860

Monthly gross pay is $3,890

The calculation of Total benefits is as under:

$\begin{aligned} \rm Miguel's\: yearly\: payments &= \rm health \:insurance + life\: insurance + paid \:time \:offMiguel's\: yearly\: payments &= \$1825 + \$93 + \$2860Miguel's\: yearly\: payments &= \$ 4778 \end$

Monthly gross pay is $ 3,890 and the calculation of yearly gross pay is as under:

$\begin{aligned} \rm Yearly \: gross\: pay &=\rm Monthly\:gross\:pay \times Total\:months\\\rm Yearly \: gross\: pay &= \$ 3,890 \times 12\\ \rm Yearly \: gross\: pay&= \$ 46,680 \end$

The calculation of total job benefit will be done by adding total benefits and the yearly gross pay.

$\rm Total\: job \:benefit = \$ 46,680 + \$ 4778\\\\ Total\: job \:benefit = \$51,458$

Therefore , Migual’s total job benefits per year are $51,458 and option A is correct.

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4 0

3 years ago