Answer:
The correct answer is A. Focusing on customer's wants so that the organization can distinguish its product (or products) from the competitors' products.
Explanation:
Specifically, the marketing concept involves the following:
- Focusing on the needs and wants of the customers so the organization can distinguish its product(s) from competitors’ offerings. Products can be goods, services, or ideas.
- Integrating all of the organization’s activities, including production and promotion, to satisfy these wants and needs
- Achieving long-term goals for the organization by satisfying customer wants and needs legally and responsibly
Answer:
a $300
b $3,300
c $750
d $17,250
Explanation:
The computation is shown below:
a. Insurance expense for march month:
= Total insurance expense ÷ total number of months in a year
= $3,600 ÷ 12 months
= $300
b. Prepaid insurance
= Total insurance expense - march insurance expense
= $3,600 - $300
= $3,300
c. Rent expense for equipment for April month
= Total rent cost ÷ total number of months in two year
= $18,000 ÷ 24 months
= $750
d. Prepaid rent expense
= Total rent cost - April rent expense
= $18,000 - $750
= $17,250
