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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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Widget Corp. has launched a new range of smart bulbs with enhanced features. Before developing the product, Widget Corp. conduct
Ksju [112]

Answer:

d. market orientation

Explanation:

Market orientation -

It refers to the strategy , by which wants and needs of the consumers are considered before designing or manufacturing the goods and services , is referred to as market orientation .

The method is employed to attract more consumers and increase the sale of the goods and services , which increases the profit of the company  .

Hence , from the given scenario of the question ,

The correct option is d. market orientation .

5 0
4 years ago
Maymart Inc sells its products at the lowest prices in the industry, and it believes that this is the best way to stay ahead of
Y_Kistochka [10]

Answer:

A) The cost leadership strategy

Explanation:

Cost leadership is providing the service or supply of product without compromising the quality of service or product supplied.

In the given instance also, Maymart supplies goods without any decrease in quality standards that is goods are completely acceptable by customers, and that the goods are supplied at least price in the industry, this provides a competitive advantage to the company, by cost leadership.

As cost is least for consumer for same quality as demanded.

7 0
3 years ago
Currently, Cathy's Shirt Shop sells 498 units a month at an average price of $98 a unit. The company thiks it can increase sales
Katena32 [7]

Answer:

$6,020

Explanation:

Calculation for the incremental cash inflow

Using this formula

Incremental cash flow=(Average price per units-Variable cost per unit)*Additional units

Let plug in the formula

Incremental cash flow = ($98 - $55)*140 units

Incremental cash flow=$43*140 units

Incremental cash flow= $6,020

Therefore the incremental cash inflow will be $6,020

4 0
3 years ago
A proposed new project has projected sales of $186,000, costs of $90,500, and depreciation of $24,900. the tax rate is 22 percen
Black_prince [1.1K]

Operating cash flow will be $79,968

A proposed new project has projected sales of $186,000, costs of $90,500, and depreciation of $24,900. the tax rate is 22 percent. Calculate operating cash flow using the four different approaches.

  • EBIT + Depreciation - Taxes

EBIT = S - C -D

EBIT =186,000-90,500-24,900= 70,600

Depreciation = 24,900

Taxes= EBIT x Tax Rate = (.22) x 70,600

= 15,532

EDT= 70,600 + 24,900 - 15,532 = $79,968

  • Top-down

= Sales - Costs - Taxes

= 186,000 - 90,500 - 15,532= $79,968

  • Tax-shield

= (Sales - Cost) x (1 - tax rate) + Depreciation X Tax rate

= (186,000 - 90,500) x (1 - 0.22) + 24,900 x 0.22 = $79,968

  • Bottom-up

= Net income + Depreciation

Net income = EBIT - Tax

Net income = 70,600 - 15,532

= 55,068

= 55,068 + 24,900

= $79,968

What is operating cash flow?

Cash flow from operating activities (CFOA) is the revenue a company generates through ongoing, regular business activities like the creation and sale of goods or the rendering of client services (CFO). It is the first item on a company's cash flow statement.

Learn more about operating cash flow: brainly.com/question/17001006

#SPJ4

5 0
2 years ago
A company has three products possible products that it can produce in a machine intensive production process. Capacity is constr
disa [49]

Answer:

D

Explanation:

                                          A             B             C

Contribution per unit      20          30           40

Machine hours per unit  2.5          3.25       4.5

Contribution per hour     8             9.23       8.89

Product B has the highest contribution per hour .

It is stated that the capacity is constrained by the number of hours the machine can run during a period . and all products produce will be sold. This has made the machine hour the determinant factor in the situation.

Therefore product B should be emphasized if the goal is to maximize contribution margin.

3 0
4 years ago
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