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3 years ago

What ways you could use to increase market share

1 answer:

6 0

Market share can be increased with better customer relationship, innovation and acquisition of competition business.

<u>Explanation:</u>

The business organisation should increase their engagement with customers such as loyalty program which helps to increase the number of returning customers. The price of the product or service have to be fixed in order to provide added value to the customers through this way the business can stay ahead of the competitors.

Niche marketing can be done to increase the market share of the business. Brand positioning is an important step to increase market share. When customers are familiar with the brand they buy from that brand.

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Joey wants to buy a $3,000 vehicle with 20 percent down for three years at 12 percent interest. what will his monthly payment be

Gnoma [55]

Joey wants to pay for a $3,000 automobile over three years at a 12.5% interest rate with a 20% down payment. His monthly payment will be $79.70.

<h3>What is interest rate?</h3>

The proportion that the lender charges as payment for the loan is known as the interest rate. The annual percentage rate, or APR, seeks to depict the cost of borrowing more accurately. The interest rate, fees, and discount points are all factored into the APR calculation.

<h3>What is the purpose of the interest rate?</h3>

An interest rate informs you of how much borrowing will cost you and how much saving will pay off. Therefore, the interest rate is the amount you pay for borrowing money and is expressed as a percentage of the entire loan amount if you are a borrower.

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5 0

2 years ago

Which economist most supported the idea that poor workers would

Alla [95]

Thomas Robert Malthus is the economist who supported it the most

6 0

3 years ago

Read 2 more answers

As businesses have become more dependent on information systems, they have faced a(n): decrease in the number and severity of se

777dan777 [17]

Answer: increase in the number and severity of security threats.

Explanation: An increase in the number and severity of security threats can be directly linked to the increasing dependency of businesses on information systems which are used in turning raw data into useful information for decision making in businesses. They are designed to support a particular process within an organization or to carry out very specific analysis. The increase in the number and severity of security threats which target these data for nefarious purposes has led to businesses struggling to hire enough qualified professionals to safeguard against the growing threat. Hence, a strong, smart digital workforce is essential to combat the more frequent, more sophisticated threats emanating from across governments, businesses and organizations.

6 0

3 years ago

A company issued 5-year, 7% bonds with a par value of $500,000. The market rate when the bonds were issued was 6.5%. The company

san4es73 [151]

Answer:

The correct answer is $17,000.

Explanation:

According to the scenario, the given data are as follows:

Bonds percent = 7%

Par value of bonds = $500,000

Market rate = 6.5%

Cash received = $505,000

So, we can calculate the amount of recorded interest for semiannual interest period by using following formula:

First we calculate the premium on bonds,

So, Premium on bonds = Cash received - Par value of bonds

= $505,000 - $500,000

= $5,000

So, straight line amortization = Premium on bonds ÷ years

= $5,000 ÷ 5

= $1,000

So, Amount of interest expense for first semiannual is as follows:

Amount of interest = ( Par value of bonds × Bonds percent ) ÷ 2 - (straight line amortization ÷ 2)

= ( $500,000 × 7% ) ÷ 2 - ( $1,000 ÷ 2 )

= $17,500 - $500

= $17,000.

4 0

3 years ago

A business's budget estimates yearly sales of $735,650. if the business plans to spend 38%

r-ruslan [8.4K]

The amount that it should budget for total expenses is: $456,103.

<h3>Budgeted total expense</h3>

Using this formula

Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)

Let plug in the formula

Total expenses=$279,547+$176,556

Total expenses=$456,103

Therefore the correct option is A.

Learn more about total expenses here:brainly.com/question/25317819

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7 0

2 years ago