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Veseljchak [2.6K]
3 years ago
8

Jack explains that he has strong potential in social analytics. He says, "I like to find out what customers want and make sure I

meet their needs, and I think that’s the basis for good marketing. I’ve always done that, as a leasing agent, as a sales associate, and as a restaurant host. Using social analytics lets me identify the needs of customers on a scale that is really exciting, where I can see what entire consumer groups are thinking and feeling about various products." He is demonstrating credibility primarily in what ways?
Business
1 answer:
Mila [183]3 years ago
8 0

Explanation:

He is demonstrating credibility in stating that the basis for an effective marketing strategy is to discover customers' wants and needs and be able to meet them.

Social anaylitcs is a tool for collecting data from users of social networks and identifying behaviors and characteristics that can help marketers to interpret data regarding their potential audience, their needs, their interaction, feelings, identify consumption trends, etc. .

This ability helps to identify patterns that can assist an organization to develop personalized marketing strategies and actions aligned with its potential audience to engage, generate more sales, assist in the decision-making process, etc.

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Most corporations measure the value of a project in terms of which of the following?
MrRissso [65]

Answer:

D) Present Value (PV)

Explanation:

To measure the value of a project, firms calculate the Net Present Value (NPV) of the project. In a net present value analysis a firm forecasts the future cash flows, discounts the cash flows using a discount factor and then net the discounted cash flows A project is usually undertaken if the the NPV of the project is positive and is not undertaken is the NPV is negative.

6 0
4 years ago
Investing $1,500,000 in TQM's Channel Support Systems initiative will at a minimum increase demand for your products 1.7% in thi
laila [671]

Answer:

Payback = 19 month

Explanation:

Firm has invested in TQM's Channel Support systems of $1,500,000, It will increase demand of product by 1.7%.

Last years sales revenue was $163,290,917, a 1.7% increase will mean the sales will be:

= $163,290,917 * (1+0.017)

= $163,290,917 * (1.017)

= $166,066,862.59

Thus increase in sales revenue is:

= $166,066,862.589 - $163,290,917

= $2,775,945.589

Now consider contribution margin. From Total Sales, direct variable costs are deducted to get total contribution. The Overall contribution margin is It is 34.1%.

So extra contribution due to 1.7% increase in sales is = $2,775,945.589 * 34.1%

= $946,597.45

Thus increase in contribution margin will also increase profit to the same extent as there is no addition in fixed cost due to this project. So firm will be able to recover $946,597.45 of initial investment of $1,500,000 in one year.

Pay back is the time required to recover this full initial investment. It ascertained by dividing $1,500,000 amount by the net addition in profit per year.

Payback = $1,500,000 / $946,597.45

Payback = 1.585 per year * 12 month

Payback = 19.02 month

Payback = 19 month approximately

5 0
3 years ago
You are now tasked with developing a research plan that would best support the research objectives you have just chosen. You con
lubasha [3.4K]

Answer:

a. Research the attitudes that men under 35 have towards eSports.

Explanation:

The research process involves detailed analysis and data collection from the people. Esport is gaining significance in the world but men may have different perspective towards the eSports. The eSport is virtual and there is no physical activity involved in the sports. Men may reject the eSport idea as the sport activity is to maintain their physical strength.

7 0
3 years ago
A cost that will not be affected by later decisions is termed a(n) a.period cost b.replacement cost c.differential cost d.sunk c
LenaWriter [7]

Answer:

Sunk cost

Explanation:

Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered when making future decisions

Differential cost refers is difference between the cost of two different decisions.

Replacement cost is a the cost incurred in replacing an essential asset.

4 0
3 years ago
Consider a competitive market for which the quantities demanded and supplied (per year) at various prices are given as follows:
kipiarov [429]

Answer and Explanation:

A. Price elasticity of demand

Price(P0) = $80 , Q0 = 20

Price(P1) = $100 , Q1 = 18

Price elasticity of demand =

\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-20}{\frac{18+20}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{-2}{\frac{38}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{-2}{19} }{\frac{20}{90} } }\\\\-0.47

Price elasticity of demand = 0.47

B. Price elasticity of supply

Price(P0) = $80 , Q0 = 16

Price(P1) = $100 , Q1 = 18

Price elasticity of supply =

\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\\\frac{\frac{18-16}{\frac{18+16}{2} } }{\frac{100-80}{\frac{100+80}{2} } }\\\\\frac{\frac{2}{\frac{34}{2} } }{\frac{20}{\frac{180}{2} } }\\\\\frac{\frac{2}{17} }{\frac{20}{90} } }\\\\0.53

Price elasticity of supply = 0.53

C. The point , where Demand and supply is equal called equilibrium price

So , $100 is equilibrium price.

D. if market price is less then equilibrium price , it is effective So, shortage (20-16) 4 units

8 0
3 years ago
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