Answer:
Manufacturing cost per unit is important to monitor. These, in many ways, represent the efficiency of the production process. If labor, material, or overhead costs appear too high then action must be taken. You must change and balance all of these costs to maximize shareholder value.
Answer:
An expert, more generally, is a person with extensive knowledge or ability based on research, experience, or occupation and in a particular area of study.
Explanation:
From the viewpoint of an outsider, an non-owner and an consultant which is a replacement analysis is most objectively conducted. When you are conducting a replacement analysis the most objectively conducted is from the view point of the three which is from an outsider, an consultant and an non-owner.
Correct answer is (A). Natural monopoly occurs because of economies of scale.
Explanation: In case of monopoly, the average total cost (ATC) declines and gives monopolists the advantage over its competitors in the market. It is discrete type of monopoly where fixed cost are way too high which results in low entry and exit of new entrants and hence, natural monopoly. They comes with economies of scale, which means they create large relations to the size of market.
Answer:
The most effective action for a business to take in order to help them progress towards achieving their content marketing goals is;
A. Personalizing content to make each customer feel important, taking into account available data about each individual customer.
Explanation:
Content marketing is a marketing strategy that utilizes the creation and sharing of content to target a given audience with the aim of attracting and retaining a certain crowd. It is a way that doesn't explicitly involve branding but it provides more information about the products and services by giving problem solving information using the products and services thereby attracting and maintaining a given audience of people. For example, one can share a video depicting how a certain detergent can be used to maybe wash clothes. In the video, the marketer will wash the dirty cloth using the detergent. Before and after images of the cloth can be compared to show the effectiveness of the detergent. In this way, the marketer has showed how to use the detergent and also it's effectiveness. This is an examples of content marketing.
Content marketing can be achieved by first collecting information about the target audience who use or might possibly use the product or services. This information is then taken into account, so that the content is customized in such a way that most customers needs will be fulfilled. The personalized content is then marketed using various platforms. In this way each customer will feel valued and appreciated and thus fosters customer loyalty.