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NikAS [45]
2 years ago
10

Which part of the marketing concept is concerned with using information about present and potential customers to provide a produ

ct that will satisfy them at a price that is acceptable to them, that will yield a profit, that will promote the product, and ensure that the product is distributed so that it is available to customers where and when it is needed?
Business
1 answer:
lions [1.4K]2 years ago
8 0

Answer:

The answers are:

  • Product management involves designing and producing products or services that should satisfy customers's needs.
  • Pricing establishes the value of the products and services the company sells (ant the profit margins).
  • Promotion involves all the activities the company should develop to promote or advertise a product or service.
  • Place involves the activities the company should carry out to deliver its products and make them available to consumers.

You might be interested in
You run a nail salon. Fixed monthly cost is $5,518.00 for rent and utilities, $6,014.00 is spent in salaries and $1,613.00 in in
Liono4ka [1.6K]

Answer:

With 266 costumers it is indifferent where the nail salon is located.

Explanation:

Giving the following information:

Fixed monthly cost is $5,518.00 for rent and utilities

$6,014.00 is spent on salaries.

$1,613.00 in insurance.

Every customer requires approximately $4.00 in supplies.

You charge $120.00.

New location:

Fixed costs in rent and utilities= $11,401

Salaries= $6,716.00

Insurance to $2,203.00 per month.

The cost of supplies will increase to $7.00 per service.

Selling price= $150.00 per service.

Gross profit old location= Contribution margin*Q - fixed costs

Gross profit old location= (120-4)*Q - 13145

Gross profit new location=Contribution margin*Q - fixed costs

Gross profit new location= (150-7)*Q - 20320

116*Q-13145= 143*Q - 20320

7175=27*Q

Q=265.74074 = 266costumers

8 0
2 years ago
At the current steady state capital-labor ratio, assume that the steady state level of per capita consumption, (C/N)*, is greate
Blizzard [7]

Answer:

C) a reduction in the saving rate will have an ambiguous effect on (C/N)*

Explanation:

The steady state consumption refers to the difference between how capital wears out or depreciates vs total output. In order to keep a steady state consumption, the savings rate (which equals investment) must be enough to replace any worn out or completely depreciated capital.

Since the consumption rate is already higher than the steady state consumption, the effect of a decrease in the savings rate is ambiguous. Every dollar earned by a household is either spent or saved, and in order for savings to decrease, spending must increase.

But in this case, the spending level is already too high. A decrease in savings should increase consumption but the effects of the increase in the capital labor ratio and the per capita consumption are not certain.

6 0
2 years ago
A mutual fund has $2 million in cash and $6 million invested in securities. It currently has 1 million shares outstanding.
Mamont248 [21]

Answer:

a. NAV = 8 per share

b. 250.000 shares

c. 7.95

Explanation:

a. NAV = Market value of shares/number of shares = $8m/1m = $8 per share

b. At the current NAV, it can absorb up to $2 million, or 250,000 shares.

c-1. Its loss by selling 25,000 shares of IBM at $34 instead of $36 = -$2 x 25,000 = -$50,000.

New NAV = $7,950,000 /1m = $7.95

5 0
3 years ago
R. C. Barker makes purchasing decisions for his company. One product that he buys costs $50 per unit when the order quantity is
astra-53 [7]

Answer:

a. 300

d. 200

Explanation:

EOQ = \sqrt{(2 * Annual demand * ordering cost) / holding cost } \\

2 * 7500 * 30 / 0.5

EOQ = 948 units

When price is $48 per unit

EOQ = 968 units

Total cost  = Holding cost + ordering cost + purchase cost

When the order is for 500 price is $48

Total cost = $2,400 + $30 + $24,000 = $26,430

When the order is for 300 price is $50

Total cost = $1,500 + $30 + $15,000 = $16,530

When the order is for 306 price is $50

Total cost = $1,530 + $30 + $15,300 = $16,860

When the order is for 200 price is $50

Total cost = $1,000 + $30 + $10,000 = $11,030

The best two possible order quantities are 200 and 300 which results in minimum total cost.

5 0
3 years ago
Let's say we could teach a dolphin to understand the difference between the sentences "the parrot kissed the dolphin" and "the d
zepelin [54]
The dolphin might understand comprehension. Knowing the placement of words, the tones of the words and the letters they consist is one thing. But understanding what the phrase or sentence means is comprehending. Knowing that if you change the placements of words within the sentence, it would give different meanings, is a manifestation of comprehension.
5 0
3 years ago
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