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2 years ago

If a business has a well established customer base it no longer needs to worry about marketing true or false

1 answer:

4 0

False, because it is "slightly" impossible to keep your running in the long run. A business should never stop it's marketing process. Yes, they can stop in the "very" short run, but in order to succeed more, they should do marketing occasionally. For example, every 2 weeks is the safest time to keep a routine to do marketing.

I hope it helped you!

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What is the difference between a monopolistically competitive demand curve and a perfectly competitive demand curve

shtirl [24]

The demand curve for a perfectly competitive firm is completely elastic and a horizontal line. Monopolistically competitive demand curve is downward sloping and is more elastic than monopoly because there are more substitutes.

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2 years ago

Sean is initially unsure about which laundry detergent brand to buy: Stainz-Out or Ocean Fresh. Thanks to advertising, he has le

svlad2 [7]

Answer:

Positive effect advertisement

Explanation:

Base on the scenario been described in the question, the effect of the Ocean fresh because of the positive effect advertisement. This so because he discovered that ocean fresh is more cheaper and has almost the same price with that of stainz-out.

We can define positive advertisement as some kind of marketing strategies which show the target population all the positive effects which one can receive due to any particular product or service

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3 years ago

he theory of efficiency wages provides a possible explanation as to why Group of answer choices workers form unions. firms shoul

Katena32 [7]

Answer:

Firms may be inclined to keep their workers’ wages above the equilibrium level.

Explanation:

The efficiency wage theory states that if an employer increases the wage of his/her employees, they will be motivated and their productivity will increase. The increase in productivity should offset the increased labor costs. So the costs of higher wages should be recouped through increased productivity. Higher wages also reduce worker turnover, reducing hiring and training costs.

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3 years ago

Cheryl was balancing the Trial Balance of the company. She found that the debit balance totaled $73,000 and the credit balance w

klio [65]

I think it is both sides

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3 years ago

Read 2 more answers

An insurer sells a very large number of policies to people with the following loss distribution: $100,000 with probability 0.005

kogti [31]

Answer:

a) $2000

b) $1,886.7925

C) $2,036.7925

Explanation:

First, the question states to determine the expected claim cost per policy

Expected Claim Cost represents the fund required to be paid by an insurer for a particular contract or a group of contracts as the case maybe. This is usually based on the policy taken.

A) Expected Claim Cost per policy

= (Policy Loss Value A x its probability) + (Policy Loss Value B x its probability) + (Policy Loss Value C x its probability)+(Policy Loss Value D x its probability)+ (Policy Loss Value E x its probability)

= ( (100000 x 0.005 )+ (60000 x 0.010) + (20000 x 0.02) + (10000 x 0.05) + 0 = $2000

Part B: discounted expected claim cost per policy

Since, the sum of $2000 is expected to be paid by the insurer by the end of the year, the interest to be earned based on the rate (discounting used)

=$2,000 ÷ (1 + 0.06)

= $1,886.7925

Part C:: Determine the Fair Premium

Fair Premium is calculated as follows

The discounted policy claim cost + the Processing Cost per application + The fair profit loading

= $1,886.7925+ $100+50 = $2,036.7925

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3 years ago