Club med inc. talks to its present and potential customers to assess their needs for its products. Then it develops products to satisfy those needs. The firm is thus applying the Marketing concept.
<h3>
What is Marketing concept?</h3>
The marketing notion refers to the process that a business uses to maximize profit by boosting sales, meeting consumer needs, and outperforming competitors. The goal is to establish a condition that is advantageous to both the customer and the business. The goal of the marketing concept is to better predict and fulfill customers' needs and wishes than the competition. The Adam Smith book Wealth of Nation served as the primary inspiration for the marketing ideas. It was not discovered till the 21st century.
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Answer:
Yes
Explanation:
Based on the information provided within the question we can say that Yes, the dealership is contractually bound to sell Mike the car at that price. This is assuming that the ad handed to the dealership by Mike is an actual ad that was designed and published by the dealership. If this is the case the dealership must uphold their price or it will be considered false advertisement and Mike would have a basis on which to sue the business.
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In so doing, Tracy's is practicing<u> "Integrated Marketing".</u>
Integrated Marketing is a way to deal with making a unified and consistent experience for shoppers to interface with the brand/endeavor; it endeavors to merge all parts of showcasing correspondence, for example, publicizing, deals advancement, advertising, coordinate promoting, and online life, through their particular blend of strategies, techniques, channels, media, and exercises, so all cooperate as a bound together power. It is a procedure intended to guarantee that all informing and interchanges methodologies are steady over all channels and are focused on the client.
Answer: magnifies spending-income changes into greater changes in aggregate demand, causing demand-pull inflation
Explanation:
The spending multiplier is the ratio of the change in GDP to the change in the autonomous expenditure.
The spending income multiplier magnifies spending-income changes into greater changes in aggregate demand, causing demand-pull inflation. In a situation whereby there's a reduction in the investment spending, there'll be a recession.
Answer:
Explanation:
For Navy contract, the total number of man hours put into production will be:
= 27 × 40 × 2
= 2160 man hours
Then, the units produced per labor hour will be:
= 2540 devices / 2160
= 1.176 units per labor hour.
For Army contracts, the total number of man hours put into production will be:
= 37 × 40 × 3
= 4440 man hours
Then, the units produced per labor hour will be:
= 5940/4440
= 1.338 units per labor hour.