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Answer:
Identify markets with unfulfilled needs.
Explanation:
The first step in the target marketing process is to identify markets with unfulfilled needs. The organization first needs to study what the customers are looking for. Either they will find a gap and see what need is still unfulfilled or they will create a need.
In either of the cases, they will be looking for chances to make a product that the customers will be tempted to buy, which would lead their sales to increase.
Answer:
Dept. Y = $18,200
Dept. Z = $21,800
Explanation:
Wages expense for this question consist of direct wages and indirect wages. The direct wages are allocated to their respective departments while the indirect wages are apportioned between the two departments.
Therefore, first do the allocation then the remainder $24,000 is apportioned equally between the two departments, Dept. Y and Dept. Z.
Dept. Y Dept. Z
<u>Departmental wage expenses :</u>
Direct wages $6,200 $9,800
Indirect wages $12,000 $12,000
Total $18,200 $21,800
Answer:
there are mainly two types of industries that we can identify based on their nature. One is new and growing industries and other is established and mature industries.
when we analyze a particular company in a certain industry or analyzing a particular industry in an economy, we have to understand if it is a new and and growth industry of a matured industry as the growth, volatility and risks in these industry type change rapidly depending on which industry we are looking at.
Growth industries can be simply described as new and industries that did not exist previously.
Explanation: