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lys-0071 [83]
4 years ago
6

Magic Events, Inc. is a global concert promoter that is organizing the world concert tour of the newest boy band. The company ha

s a global reputation for generating the highest revenues for their entertainers based on lucrative event triangles. What is the most critical factor in a successful event triangle?
A.

as much advertising to fans as possible

B.

mutually beneficial exchanges

C.

selling as much merchandise as possible

D.

choosing the right sponsors
Business
1 answer:
svlad2 [7]4 years ago
3 0

Answer:

As much advertising to fans as possible

Explanation:

Events triangle is a marketing model that shows the 3 components of event planning. These are:

- Participants: are those that provide content in the event. These include Master of ceremonies, performers, and so on

- Sponsors are those that provide the funding for the event. A major factor for sponsors is the potential of the event bringing return on investment.

- Spectators are those that receive the content being marketed in an event. They pay fees to be able to obtain entertainment.

In this scenario Magic Events are organising a world concert.

The most important part of the event triangle is the spectator. They pay for the concert and drive revenue.

So Magic Events should advertise as much as possible to get more spectators

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Answer:

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If with increase in income demand increases, the good will be a normal good. Thus, apps that billy downloads are normal goods.

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Here with increase in income, the demand for a commodity falls, the so called commodity is a inferior good. Thus, in this case frozen pizzas are inferior goods.

Mike is an appliance salesman. Refrigerator sales in his store have fallen and so has his commission. Mike decides to switch from name brand cereal to generic cereal. Generic cereal is: Inferior goods

If there is a fall in income and thus demand increases, the good is inferior. Thus, in this case generic cereal is an inferior good.

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If there is a decrease in income and thus demand falls, the good is normal. Thus, smoothies as commodity in this case will be refereed to as normal goods.

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3 years ago
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Answer:

Marketing, sales and customer service

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Henry Crouch's law office has traditionally ordered ink refills 55 units at a time. The firm estimates that carrying cost is 40%
defon

Answer:

Its action would be optimal given an ordering cost of $28.31 per order

Explanation:

According to the given data we have the following:

economic order quantity, EOQ= 55 units

annual demand, D=235

holding cost per one unit per year, H=40%×$11=$4.4

ordering cost, S=?

In order to calculate the ordering cost we would have to use the following formula:

EOQ=√(<u>2×D×S)</u>

                (H)

Hence, S=<u>(EOQ)∧2×H</u>

                     2×D

           S=<u>(55)∧2×4.4</u>

                   2×235

          S=<u>13,310</u>

                470

          S=$28.31

Its action would be optimal given an ordering cost of $28.31 per order

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