Answer:
$252,000
Explanation:
Calculation for the cost of goods sold for the Askew Company for the year ending June 30, 2021.
First step is to calculate the Net Purchase
Purchases 259,000
Less Purchase discounts (7,900)
Less Purchase returns (11,900)
Add Freight-in 20,800
Net purchase 260,000
Now let calculate the cost of goods sold
Inventory, 7/1/2020 33,900
Add 260,000
Less inventory balance ($41,900)
Cost of goods sold $252,000
Therefore the cost of goods sold for the Askew Company for the year ending June 30, 2021 will be $252,000
Answer: One-third
Explanation:
The impact of technology in our everyday life cannot be understated. Technology has made life easier by simplifying our work lives and personal lives. In the restaurant industry, technological terms such as artificial intelligence, mobile apps, smart devices etc are now common in the industry.
Technology helps in making work easier. This can be noticeable in knowing the food cost percentage of a restaurant. Through technology, the food cost percentage of a restaurant can now be known in one third of the time used before technology came into place.
Answer:
The answer is B. Price Skimming
Explanation:
In marketing, price skimming is a situation in which a high price is initially charged for a product and lowers it later after achieving its aim.
This type of product can be a luxury good in which high price is deemed as of high quality. The main aim is to gather enough revenue from the premium buyers and lowers it later to attract other customers
.
Price Skimming is usually set for products that have short life-cycle
Answer: Globalization
Explanation:
The globalization is the process of gradually reducing the regional contrasts due to the increase in the interaction and exchange different types of culture, political and the economic.
The main aim of the globalization is that it communicate on the international platform by using the different types of strategy for the business, political and also due to the environment development.
There are different types of benefits which is provided by the globalization that are:
- High quality products and the services
- Greater economical efficiency
- More international trading
Therefore, Globalization is the correct answer.
The question is incomplete:
McDonald's serves McRice Burger in Malaysia, McOZ Burger in Australia, Kiwi Burger in New Zealand, McHuevo Burger in Uruguay and McSamurai Burger in Thailand. These menu variations are examples of a:
a. A combination of global and local marketing mix elements
b. a selection of menu items that can be sold eventually in U.S. markets
c. A replacement of standard menu names with fancy names
d. a deviation from successful marketing practices
e. a reflection of failure of US menu items in those countries
Answer:
a. A combination of global and local marketing mix elements
Explanation:
The answer is that these menu variations are examples of a combination of global and local marketing mix elements because the company tries to position its products on a global scale but also adjusts its strategies locally to adapt the placement and distribution to the specific characteristics of each country.
The other options are not right because McDonalds is adjusting its offer in its market to be able to establish its position in that market and not to be able to sell the items in US markets or to replace standard menu names. Also, this is the result of analyzing how to better position in a new market and not a failure of US menu items in those countries.
