<span>This is, in fact, true. Smith believed that private individuals who were left free to seek out their own interests in a free market would eventually be led to further the public welfare by an invisible hand, this was his defense of free markets on the grounds of utilitarianism.</span>
Answer:
124 rooms per month
Explanation:
Total operating cost per month = 5500 +1000+1200+1868+(31*50)+(61*50)
= $14,168
Rental income per night = 115
Therefore, Breakeven point in number of rented rooms = 14168/115=123.2
Approximately, atleast 124 rooms should be rented in a month to break even
Answer:
Detailed step wise solution is given below:
Explanation:
He is demonstrating credibility in stating that the basis for an effective marketing strategy is to discover customers' wants and needs and be able to meet them.
Social anaylitcs is a tool for collecting data from users of social networks and identifying behaviors and characteristics that can help marketers to interpret data regarding their potential audience, their needs, their interaction, feelings, identify consumption trends, etc. .
This ability helps to identify patterns that can assist an organization to develop personalized marketing strategies and actions aligned with its potential audience to engage, generate more sales, assist in the decision-making process, etc.