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yulyashka [42]
3 years ago
6

According to the eTextbook, ______ is the lot size (Q) that will minimize total annual inventory cost.

Business
1 answer:
enot [183]3 years ago
4 0

Answer:

EOQ (Economic Order Quantity).

Explanation:

As the acronym goes EOQ, it is economic order quantity which is seen to reduce or hold the amount of raw material been ordered. This is seen by experts as a formula in production that intels the most optimum and economic purchase pattern in purchase of goods or materials to be used in production. Therefore this will directly be seen to have a big effect in the total size if an order; thereby causing a reduction in its annual inventory cost.

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What is meant by marketing mix and why do the 7 Ps comprise the marketing mix?
FinnZ [79.3K]

Answer:

a. The marketing mix is a set of actions or strategies that are implemented for the purpose of promoting a product or brand. This is usually done to increase sales by expanding the target customers.

b. The 7 Ps comprise the marketing mix since they are specific rules that can be used to assess how the product is doing in the market in terms of sales. They can help determine areas that need evaluation and also provide for a way to find solution to the problem.

Explanation:

The marketing mix is a set of actions or strategies that are implemented for the purpose of promoting a product or brand. This is usually done to increase sales by expanding the target customers.

The 7 Ps are the specific guidelines that one can utilize to achieve higher sales. They are as follows;

1. Product : this is every improvement made on the product to increase it's quality above the competition

2. Prices : the prices should be adjusted in such away that it shouldn't be too high to reduce the number of customers, neither should it be too low to cause losses

3. Promotion : this is the way in which you provide information about your product to the customers and at the same time get feedback according to the type of questions the customers ask.

4. Place : in the marketing mix, location of where the product is very important. The location should be in a place where the product is highly visible and also very accessible.

5. Packaging : the product has to be packaged in a way that is visually attractive most people make judgement on a product from how the product looks.

6. Positioning : one needs to know also how the product is viewed by the customers in comparison to other products from the competition.

7. People: the product is to be made by people, sold by people and bought by people. This means that there has to be considerable focus on the people at all levels of engagement.

The 7 Ps comprise the marketing mix since they are specific rules that can be used to assess how the product is doing in the market in terms of sales. They can help determine areas that need evaluation and also provide for a way to find solution to the problem.

3 0
3 years ago
Software is considered the _______________ part of the computer, whereas the hardware is considered the _______________ part. ex
asambeis [7]

variable, invariable

6 0
2 years ago
The managers of a rapidly growing company decided to modify its structure by grouping its employees into different teams. The en
aksik [14]

Answer:

a strong vertical structure to one emphasizing stronger horizontal coordination

Explanation:

Since in the question,  it is mentioned that the for rapidly growing of the company leads to change its structure also the employees grouping could be done in different team this is to be done due to improvement in the cost, quality, service, speed, etc

So here the company shifted it from a strong vertical structure to the horizontal as the changes are made that became beneficial for the company

3 0
3 years ago
The class of plants that has vascular tissue and reproduces with spores is the
fiasKO [112]
The answer is club mosses. Hope this help
3 0
3 years ago
Read 2 more answers
Wildhorse, Inc. had net sales in 2020 of $1,502,400. At December 31, 2020, before adjusting entries, the balances in selected ac
sineoko [7]

Answer and Explanation:

The journal entry is shown below:

Bad debt expense Dr  $14,668 ($221,100 × 8% - $3,000)

     To Allowance for doubtful debts $14,668

(Being bad debt expense is recorded)

Here the bad debt expense is debited as it increased the expense and credited the allowance for doubtful debt as it decreased the assets

7 0
3 years ago
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