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tigry1 [53]
3 years ago
7

On her way to office, Mandy bought a cup of cappuccino from a newly opened café. She loved the drink, and recommended the café t

o her colleague. In the given scenario, Mandy's recommendation is an example of ________.
Business
1 answer:
Serhud [2]3 years ago
7 0

Answer:

On her way to office, Mandy bought a cup of cappuccino from a newly opened café. She loved the drink, and recommended the café to her colleague. In the given scenario, Mandy's recommendation is an example of <em>Word-of-Mouth advertising which is an unpaid form of promotion in which, satisfied customers tell other people how much they like a business, product or service. Word-of-mouth advertising is important for every business, as each happy customer can steer dozens of new ones your way.</em>

Explanation:

Word-of-mouth marketing (WOM) is an age old marketing technique that has stood the test of time to remain the most effective form of marketing. It is a powerful asset in our line of work which retains its influential power on the purchase behaviour of customers because it is based on trust, piques people's interestand and gets people talking.  

It is also called word of mouth advertising which is incorrect because, by definition, advertising is a paid and non-personal communication.

There are different word of mouth marketing techniques that may used when something is done or created unique are:

- Set up word of mouth triggers.

- Use visual triggers as emotional provocation.

- Encourage user generated content.

- Positive WOM is to provide information for consumers which highlights the strengths of a product or service and encourages consumers to adopt a product or service.

- Push ratings and reviews hard: about 62% of consumers search online for reviews and information before purchasing a product and a whopping; 90% believe brand recommendations from friends; 28% of consumers say word of mouth is the most important factor in strengthening or eroding brand affinity.  

Marketing executives considered mouth to mouth to be the most effective form of promotion and indicated that they believe word of mouth is the most effective form of marketing.

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The relationship between employer and employee can be thought of in terms of a(n) ____, a description of what an employee expect
nydimaria [60]

Answer:

The answer is: psychological contract

Explanation:

Psychological contracts are the expectations or promises exchanged between the parties; employer, employee, or even fellow employees, in an employment relationship. They are not written contracts, but they often implicit or understood between the parties. For example, an employee expects that if he or she works really hard, eventually he or she will receive a promotion or a salary raise.

8 0
3 years ago
2 brothers, Joe and Bob get equal dollar amounts of securities as a gift. Joe immediately sells his securities and deposits the
raketka [301]

Answer:

Opportunity cost

Explanation:

The opportunity cost Bob's brother Joe $20,000. Remember, the term Opportunity cost refers to the cost (loss in this context) incurred when one forgoes an alternative best option–holding them in a brokerage account, in place for a less beneficial one.

Thus, Bob chose the best alternative over his brother.

8 0
3 years ago
quizlet calaf’s drillers erects and places into service an off-shore oil platform on january 1, 2021, at a cost of $10,000,000.
Nostrana [21]

quizlet calaf’s drillers erects and places into service an off-shore oil platform on january 1, 2021, at a cost of $10,000,000. calaf is legally required to dismantle and remove the platform at the end of its useful life in 10 years. calaf estimates it will cost $1,000,000 to dismantle and remove the platform at the end of its useful life in 10 years. (the fair value at january 1, 2021, of the dismantle and removal costs is $450,000.) prepare the entry to record the asset retirement obligation.

Oil Platform 450,000

Asset Retirement Obligation 450,000

What is  asset retirement obligation?

An asset retirement obligation is a contractual requirement for the retirement of a tangible long-lived asset, the timing of which may depend on the occurrence of a future event outside the control of the entity bearing the obligation.

Therefore,

Oil Platform 450,000

Asset Retirement Obligation 450,000

To learn more about asset retirement obligation from the given link:

brainly.com/question/14298631

4 0
1 year ago
What is a diversionary incentive?
Vinvika [58]

Answer:E- A temptation to start a crisis to create public support at home

Explanation: A diversionary incentive is a term used to describe the various attempts of a foreign country to create crisis in a given country in order to gain support at home.

Diversionary incentive is usually implemented by certain countries for their own selfish gains,they want their own Citizens to focus their minds and interests in crisis outside their own Country,hence lossing focus of the problems bedeviling their own country.

5 0
3 years ago
Maxim County just completed construction of a new town hall to be used for its governmental offices. The employees have moved in
Svet_ta [14]

Answer:

The answers are:

B) Transfer the remaining funds to the debt service fund which will be handling the long-term debt incurred for the construction of the building.

C) Return the excess to the source of the restricted funding.

Explanation:

The fund balance of $12,000, means that the money left over was $12,000. When a government entity's project has a left over or excess, called surplus, it must first return it to the debt service fund.

At the end of the construction project if any money is left over, it must be returned to the source of the restricted funding.  

5 0
4 years ago
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