Answer:
C. Cost leadership strategy
Explanation:
Cost leadership strategy involves creating a competitive advantage in an industry by having the lowest cost of production in that industry. It involves selling similar product as your competitors at lower prices because of lower cost of production. Efficiencies in production are increased to reduce cost of production below the industry average. In this case, Contour Autos by selling acceptable quality vehicles at lower price due to the company's large scale production which increases efficiency and reduces cost is practicing cost leadership strategy.
To write an essay on business, target markets and strategic advantages using marketing research you can conduct online research on company websites, business news and trusted websites to form your ideas consistently.
<h3>How does conducting marketing research help companies?</h3>
It is essential that before entering the market or developing new products and services, organizations develop marketing research to better understand the characteristics of the market, the public, their needs and desires, in order to segment the market in a way that is aligned with the location.
Therefore, conducting marketing research is a planning strategy that increases the value of a company in the market, gives it subsidies to build a positive relationship with the potential consumer, in addition to increasing the speed of processes, quality and positioning in the market.
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Answer: $6.705 million
Explanation:
Ms. Neon can speed up collections by 2 days so collection is faster.
She can slow down payments by 1/2 days so payments are slower.
Freed up cash is;
= (Cash receipts * Days sped up) + (Cash payments * days slowed down)
= ( 3.05 * 2) + (1.21 * 1/2)
= $6.705 million
Answer:
Direct Response Advertising
Explanation:
Direct response advertising is different from all other forms of advertisements in a way that it stimulates more fast, quick and efficient response from the cosumer. It persuades customers to act rapidly and instantly. Sales can be increased quite fast by using this form of advertisement. Toll free numbers are mentioned, road shows, exhibitions, discount offer sms, free coupons are presented which customers have to cut and send to the company to get them redeemed. This type of advertisement has gained a lot of success now-a-days.
Answer:
285,000 common stock outstanding with a $8 par value
it declares 13% stock dividend
market price at $16
since the stock dividend is considered small (less than 20%), we use the market price to record it
December 1, 202x stock dividends are declared (37,050 stocks)
Dr Retained earnings 592,800
Cr Common stock dividends distributable 296,400
Cr Additional paid in capital 296,400
December 31, 202x, distribution of stock dividends
Dr Common stock dividends distributable 296,400
Cr Common stock 296,400
