Answer:
Marketing Mix
Explanation:
Marketing mix is a combination of various components which are controlled by an organization or firm aimed at influencing a consumer's desire in purchasing their products. It is centered upon the historical 4Ps of marketing which are
1. Place
2. Promotion
3. Product, and
4. Price.
It is the method or technique used in taking or rather introducing or new product or service to the market. It is a group of tools used by businesses and marketers in selling their products and services to the buyers and final consumers.
Answer:
$219,000
Explanation:
For computation of cost of goods manufactured for May first we need to find out the total manufacturing cost is shown below:-
Total manufacturing cost = Direct material + Direct labor + Manufacturing overhead cost applied to Work in Process
= $60,000 + $90,000 + $64,000
= $214,000
cost of goods manufactured for May = Total manufacturing cost + Beginning work in progress - Ending work in progress
= $214,000 + $20,000 - $15,000
= $234,000 - $15,000
= $219,000
Answer:
B. in the long run
C. when the price is a large portion of your income
E. when many substitutes are available
G. when there are many competing firms selling similar goods
Explanation:
Elasticity of demand is the degree of responsiveness of change in quantity demand of a product if there is a change in price of the product.
The demand for a product is somewhat inelastic in the short run, but in the long run, demand is more elastic.
The reason is that consumers need more time to respond and adjust to the use of certain products.
Also, when the price is a large portion of your income, price becomes more elastic. The reason is that, an increase in price leads to a decrease in quantity demand.
When many substitutes are available, an increase in price will cause consumers to shift their demand for the substitute.
When there are many competing firms selling similar goods demand for a product becomes more elastic
According to the IRS website, the number of days that refunds are deposited to an account is 21 days. When it goes beyond that, there might be certain errors or problems in the transaction. Once you file for refund, it will take 24 hours before the request will reach the IRS or when mailed, it will take around 4 weeks.
Explanation:
Analyzing the historical context, it is possible to see how the new communication technologies were essential for the development of commerce. We currently live in the digital age, where almost every individual has access to a cell phone with internet and can communicate within seconds with any part of the world.
This technological revolution also had a great economic impact, generating new business models.
Companies have to adapt to this reality and insert themselves in the new market based on the internet, in creating relationships with consumers, in the practice of positive social and environmental attitudes, etc. Some companies needed to reinvent themselves to adapt to the new economic context, or they would lose strength in the market and would cease to exist.
The fact is that the technological revolution has impacted commercial relations around the world, today the consumer seeks the solution to his problems and desires, not being restricted to local consumption, which causes a new redesign of commerce and manages impacts on the economy of the world.
