To carry out this process of division of the <span>company's vast customer base into distinct segments so that the company's sales people can specialize in one line of business only</span>, it is necessary for Milton to possess sound market knowledge. Sound market knowledge involves knowledge, data and information about the product and about the customers. With this type of market knowledge Milton will be able to meet external users wants and needs and to present them the product on a suitable way. <span />
Answer:
During the growth stage of the market life cycle, customers are very likely to establish brand loyalty.
Explanation:
Industry life cycle
This explains the stages or cyles from beginning to end of a product in a market. Some products go through these stages. It consists of four stage which are
1. introduction
2. Growth
3. Maturity
4. Decline
Growth stage
The characteristics of this stage is that product or brand finds its way or gains market acceptance sales start to rise, Competitive reaction will determine life expectancy of the product and sales promotion and distribution play a vital role in this stage. It is the period when sales are increasing at their fastest rate.
The statement above is false due to the fact that In the growth stage of market life cycle, the primary objective is to buildup consumer preferences for the specific brands. A lot of this needs to be considered and put in place such as strong brand recognition, differentiated products, and the financial resources to support a variety of value-chain activities such as marketing and sales, and research and development.
Answer:
monetary and fiscal policies
Explanation:
Monetary and fiscal policies are two available policies.
Monetary policy and monetary policy represent two widely recognized tools used to influence the country's economic activity
However, if the central bank is independent, the government will not easily use monetary policy.
The combination of these policies will help restore the economy to full employment. These measures may not be co-ordinated, and economic policy and monetary policy are likely to work against each other.
Answer:
Misstatement is referred to as errors in the presentation of financial information that could lead to wrong decision by the users
Explanation:
Occurrence : Issuing of dummy invoices for sales that did not occur
Completeness: Sales invoice were not fully recorded due to omission or misplacement
Authorization: Sales are not approved by the responsible manager. No authorized signature
Accuracy : Casting of sales figure on the register is not correct.
Cutoff : Sales are not recorded in the proper accounting period. January sales being recorded in the previous year account.
Classification : Grants being wrongly recorded as revenue
Presentation : Exaggerated revenue.
Answer:
2.5 * 10^12 Nm-2
Explanation:
Stretching force = 20 * 10^3 N
diameter = 10 * 10^-3 m
extension = 0.2 * 10^-3 m
length of bar = 2m
Young Modulus = stress/strain
stress = Force/Area
Strain = extension/length
Young Modulus = Force/Area/extension/length
But area = πr^2 = 3.142 * (5 *10^-3)^2 = 7.9 * 10^-5 m^2
Stress = 20 * 10^3/7.9 * 10^-5 = 2.5 * 10^8 Nm-2
Strain = 0.2 * 10^-3/2 = 1 * 10^-4
Young Modulus = 2.5 * 10^8/1 * 10^-4
Young Modulus = 2.5 * 10^12 Nm-2
