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elena-14-01-66 [18.8K]
3 years ago
12

Practicing the marketing concept can be described as all activities in the business are done keeping the customers

Business
1 answer:
kirill [66]3 years ago
3 0
True I hope tho helps!
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The following estimates have been prepared for a project:Fixed costs: $27,000Depreciation: $18,000Sales price per unit: $4Accoun
Blababa [14]

Answer: $3.10

Explanation:

Accounting breakeven = Fixed costs / Contribution margin

Fixed costs = Fixed costs + Depreciation = 27,000 + 18,000 = $45,000

50,000 units = 45,000 / Contribution margin

Contribution * 50,000 = 45,000

Contribution = 45,000 / 50,000

Contribution margin = 0.9

Contribution margin = Sales - Variable cost

0.9 = 4 - Variable cost

Variable cost = 4 - 0.9

= $3.10

4 0
3 years ago
Milton Friedman stated in his famous article in The New York Times in 1970 that "the social responsibility of business is to inc
BartSMP [9]

Answer:

In this growing economy and competitive world, it is important for any business to maintain a good customer relationship by providing value to the customers. However, focusing only on profit maximization will not benefit the business in the long run.

Focusing on profit maximizing the profit will benefit the organisation in the short term and the company will only think about business interest keeping the costumers and society interest aside.

Explanation:

8 0
4 years ago
A firm is considering an investment in a new advertising project. The project will produce a cash flow of $1,000 in one year and
timofeeve [1]

Answer:

The fact the investment opportunity has a positive cash flow means that the project should be accepted since it is value-adding

Explanation:

We can evaluate the acceptability of the project using the net present value approach. The net present value is the present value of future cash flows discounted at the 11% required rate of return.

Present value=future cash flow/(1+required rate of return)^n

n is the year in which the cash flows are expected, it is 1 for year 1 cash flow and 2 for year 2 cash flow

NPV=$1,000/(1+11%)^1+$15,000/(1+11%)^2-$13,000

NPV=$75.24

6 0
3 years ago
Roger parked his car at a garage that has a large sign at the entrance saying, "This garage is not liable for items stolen from
denpristay [2]

Answer: True

Explanation:

An exculpatory clause is a form of contract provision which relieves one party of liability when damages are caused while executing the contract. The party which ssues the exculpatory clause is the one that is seeking to be relieved of any potential liability incurred.

There has already been a notice that "the garage is not responsible for any item stolen from the car". Roger parking his car at the garage is at his own risk as the garage owners won't be responsible.

6 0
3 years ago
Which of the following is true regarding the insurance amount in a credit life policy?
Ratling [72]

Answer:

(B) Creditor can only insure the debtor for the amount owed.

Explanation:

Credit life policy is a credit life insurance policy arranged to pay off a debtor's outstanding loan if the debtor dies, becomes disabled or unemployed before fully repaying the debt. So the creditor can only insure the debtor for the amount owed in credit life policy.

5 0
3 years ago
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