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Pie
3 years ago
13

According to the marketing concept, while customer satisfaction is the main goal, it is also important that a business achieve i

ts own objectives. Which of the following is one way a business can achieve its own objectives?
reducing costs
Business
1 answer:
Tpy6a [65]3 years ago
3 0

Answer:

through profits, empowering sales force, and reducing costs

Explanation:

You might be interested in
Explain why to maximize profits a firm needs to produce an output at a level where marginal revenue
Orlov [11]

Answer:

Rest of question:

... equals marginal cost.

Firms will maximize profits at the point where marginal revenue equals marginal cost because producing after this point means that no profits will be made.

As long as the Marginal revenue exceeds marginal cost, there will be profits made because the company is making more than it is spending so they should keep producing. When it gets to a point in production where the marginal revenue equals marginal cost, the company should not produce further than that.

This is because, as earlier mentioned, any further production would result in the marginal cost being larger than the marginal revenue which means that a loss will be made. The company should therefore stop at the point where MR = MC so as not to let MC get larger than MR so that no losses will be made.

8 0
2 years ago
Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then
ANTONII [103]

Answer:

1. Assets is debited for $10,000 as loans.

2. Liabilities is credited for $10,000 as deposits.

Explanation:

Note: This question is not complete as the amount is omitted. The complete question is therefore presented before answering the question as follows:

Suppose banks keep no excess reserves and that all banks are currently meeting the reserve requirement. The Federal Reserve then makes an open market purchase of ​$10000 from Bank 1.

Use the​ T-account below to show the result of this transaction for Bank​ 1, assuming Bank 1 keeps no excess reserves after the transaction.

The explanation of the answer is now given as follows:

Note: See the attached photo for Bank 1's T-Account.

In the attached photo, we can see that:

1. Assets is debited for $10,000 as loans.

2. Liabilities is credited for $10,000 as deposits.

6 0
3 years ago
which theory of economics believes the only way to increase economy growth is to remove regulations and lower taxes?
JulijaS [17]
Answer: Supply Side Theory.
4 0
2 years ago
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $51,000. Budgeted cash receipts to
Julli [10]

Answer:

$16,000

Explanation:

Data provided

Ending cash balance = $72,000

Beginning cash balance = $51,000

Cash receipts = $135,000

Cash disbursements = $130,000

The computation of cash borrowing is shown below:-

Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrowings

$72,000 = $51,000 + $135,000 - $130,000 + Cash borrowings

Cash borrowings = - $72,000 + $51,000 + $135,000 - $130,000

= $186,000 - $202,000

= $16,000

3 0
3 years ago
A key objective for a retail layout is to A. expose customers to​ high-margin items. B. balance​ low-cost storage with​ low-cost
BARSIC [14]

Answer:

A. expose customers to​ high-margin items.

Explanation:

Retail layout refers to how retailers organize the shelf space and allocate all the products in a way that allows them to influence customer decisions. The objectives of the layout include creating a good customer experience and allowing customers to access easily the products with higher margins to generate more value for the company. According to this, the answer is that a key objective for a retail layout is to expose customers to​ high-margin items.

8 0
3 years ago
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