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VARVARA [1.3K]
3 years ago
6

In marketing, we define a product as: a. Consumer product that the customer usually buys frequently, immediately, and with a min

imum of comparison and buying effort. b. Any activity or benefit that one party can offer to another that is essentially intangible and does not result in the ownership of anything. c. Anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need. d. A name, term, sign, symbol, or design, or a combination of these, that identifies the maker or seller of a product or service.
Business
1 answer:
Anarel [89]3 years ago
6 0

Answer:

The correct answer is the option C: anything that can be offered to a market for attention, acquisition, use, or consumption that might satisfy a want or need.

Explanation:

To begin with, according to the American Marketing Asociation or A.M.A. a product is known as the combined characteristics that allow the thing to be used for another person after been sold to that person. Therefore that it is understood that a it can be everything that can be sell to a customer in order to satisfy a want or need, so that means that any idea, product, service, design or a combination of all can be a ''product'' according to their definition of it.  

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Clay’s Forging at Canal Fulton wants to determine its inventory management performance during its past year of operations. Refer
Tatiana [17]

Answer:

days on inventory 57 + collection cycle 163- payment cycle 63

CCCT = 157 days

Explanation:

The cash-to-cash measures the times from the company paid his good from the time it collect from the customer:

days inventory outstanding + collection cycle - payment cycle

<u>days inventory outstanding:</u>

\frac{365}{Inventory TO} = $Days on Inventory

Where:

\frac{COGS}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

COGS                         $ 1,790,000

Beginning Inventory: $    273,000

Ending Inventory:      $   290,000

Average Inventory:   $     281,500

\frac{1790000}{281500} = $Inventory Turnover

Inventory TO 6.358792185

\frac{365}{6.35879218472469} = $Days on Inventory

Days on Inventory 57

<u>Collection cycle:</u>

\frac{Sales}{Average AP} = $AP Turnover

​where:

$$Average AP=(Beginning AP+ Ending AP)/2

Purchases:      1,575,000

Beginning AP:   227,500

Ending AP:         316,200

Average AP:      271,850

\frac{1575000}{271850} = $AP Turnover

\frac{365}{AP TO} = $payment cycle

AP TO 5.793636196

payment cycle 63

<u>Collection cycle</u>

\frac{Sales}{Average AR} = $AR Turnover

Sales 102,000

Average AR 45,500

\frac{102000}{45500} = $AR Turnover

\frac{365}{AR TO} = $collection cycle

AR TO 2.241758242

\frac{365}{2.24175824175824} = $collection cycle

collection cycle 163

5 0
3 years ago
​Traditionally, Fed policymakers have been​ ________ to use higher interest rates to head off potential asset bubbles​ ________.
r-ruslan [8.4K]

Answer:

D) ​hesitant; because it may cause a slowdown in the economy

Explanation:

The FED usually increases interest rates to halt rapidly increasing inflation, and it could be useful to calm down potential asset bubbles. The problem with raising interest rates is that it immediately cools down the economy and slow down economic growth. It might even stop economic growth and cause a recession.

Since higher interest rates increase the cost of borrowing for everyone in the economy (individuals, businesses), consumption decreases and investment increases. The problem with this is that private consumption represents nearly 70% of the GDP and the money multiplier is responsible for a lot of this.

5 0
4 years ago
This year, the Tastee Partnership reported income before guaranteed payments of $161,500. Stella owns a 40% profits interest and
Aloiza [94]

Answer

The answer and procedures of the exercise are attached in the image below.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

5 0
3 years ago
Jack is a self-employed contractor. He uses his Ford F250 in his business. He does not have another vehicle for personal use. He
miskamm [114]
C business mileage during the year to claim the standard mileage rate for the business
5 0
3 years ago
Suppose the demand for hard-wood flooring increases, while the demand for wall-to-wall carpeting decreases. Based on this change
Daniel [21]

Answer:

<em>Frictional unemployment created by sectoral shifts </em>

Explanation:

Frictional unemployment <em>happens throughout a phase when employees are looking for new jobs or are transferring from old jobs to newer ones.</em>

It can even be defined as natural unemployment as it is not directly linked to factors that contribute to an economy that is performing poorly.

A new global trade agreement leads to higher demand for export-sector workers and lower demand for workers in import-competing sectors. Workers need time to change sectors, and sectoral shifts lead to frictional unemployment

4 0
3 years ago
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