Contests and sweepstakes are common promotional tools used by companies to attract customers to their company or product.
A contest is slightly different from a sweepstakes in that it requires participants to complete some sort of challenge, such as a trivia question, or demonstrate talent or skill.
<h3>What is the purpose of a sweepstakes?</h3><h3>Sweepstakes Provide Valuable Market Research</h3>
Companies use giveaways to get insight into how their potential customers think, spend their time, or use the company's products.
The company can use the results of their surveys to make future advertisements more effective.
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Answer:
a. Value to buyers - Amount paid by buyers
Explanation:
Consumer surplus is the area above the price and below the demand curve. It is the difference of value to the buyers and actual amount paid by the buyers.
Answer:
The correct answer is C
Explanation:
A brand named Maybelline released an ad for the product of age minimizing makeup and offering the readers the $1 off coupon, so in terms of the communication, the source is the term which is described as the person or the reader who use the service or the product.
Therefore, the source of the ad is the readers who redeem the coupon featuring off $1 on the product.
Answer:
Break-even point in units= 770
Explanation:
Giving the following information:
Selling price= $500
Unitary variable cost= $260
Fixed costs= $184,800
<u>To calculate the break-even point in units using the mathematical equation, we need to use the following formula:</u>
<u></u>
Net income= unit contribution margin*x - fixed costs
x= number of units
0= (500 - 260)*x - 184,800
184,800/240 = x
770=x
<u>Now, under the unit contribution margin method:</u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 184,800/240
Break-even point in units= 770
The annual interest rate is 10 %.
Annual percent fee refers to the yearly interest generated with the aid of a sum it's charged to borrowers or paid to buyers. APR is expressed as a percentage that represents the real yearly price of price range over the time period of a mortgage or profits earned on investment If a man or woman borrows hundred rupees at one rupee interest, for instance, he needs to pay one rupee hobby in keeping with month. So in twelve months, he has to pay ten rupees.
Here,
let the annual interest rate is r
new amount = $ 200
for the compound interest formula
new amount = initial amount * (1 + r)^time
200 = 100 * (1 + r)^7
solving for r = 0.104 = 10.4 %
the annual interest rate is 10 %.
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