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Troyanec [42]
3 years ago
6

This activity is important because marketing managers must discover what prospective customers need and want. Marketing managers

use this knowledge to create products and services for their various target markets. Different marketing mixes are then developed toserve the unique needs or the firm’s target markets.
The goal of this exercise is to demonstrate your understanding of how a marketing manager might use the marketing mix to create valuefor two distinct car rental service segments. The first is the business traveler segment (customers traveling primarily for business), andthe second is the leisure traveler segment (customers traveling primarily for leisure or relaxation)

a. Luxury Cars
b. SUV/Minivan
c. Free Car seat
d. Gold Club
e. Airport Hubs
f. Premium
g. Park Access
h. Saver

Decide which marketing mix element it represents and which segment it reaches.

Marketing Mix Element: Business traveler segment Leisure traveler segment
Product Strategy
Price Strategy
Promotion Strategy
Place Strategy
Business
1 answer:
RUDIKE [14]3 years ago
8 0

Answer:

Note: See table attached to question below to fully understand

Marketing mix         Business traveller      Luxury traveller

element                        segment                      segment

<em>Product strategy</em>        Luxury car                 SUV or Minivan

<em>Price strategy</em>             Premium                   Saver

<em>Promotion strategy</em>    Gold club                  Free car seat

<em>Place strategy</em>             Airport hubs             Park access

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bulgar [2K]

Answer:

Explanation:

The effect of each transactions are shown below:

The journal entries are shown below:

1. Cash A/c Dr $70,000

        To Derrick's capital A/c $70,000

(Being the invested cash is recorded)

So as we can see that the cash is debited and derrick capital is credited

2. Equipment A/c Dr $10,000

        To Cash A/c $10,000

(Being the equipment is paid for cash)

So as we can see that the equipment is debited and cash is credited

3. Cash A/c Dr $7,000

        To Service revenue A/c $7,000

(Being the cash is received)

So as we can see that the cash is debited and service revenue is credited

4. Advertising expense A/c Dr $1,800

               To Cash A/c $1,800

(Being the advertising expense is paid for cash)

So as we can see that the advertising expense is debited and cash is credited

5. Supplies A/c Dr $1,000

       To Cash A/c $1,000

(Being the supplies are paid in cash)

So as we can see that the supplies are debited and cash is credited

4 0
3 years ago
A firm's good reputation for quality customer service is categorized as its _____
Inga [223]
The answer for this question is: Intangible resource
Intangible resource is a type of resource owned by a company that cannot be measured by number and do not have physical form.
Another example for an intangible resource is: employee's loyalty, Human Development within the company,  employee's motivation, etc.
8 0
3 years ago
A partnership set up for a specific purpose for a short period of time is known as a joint stock company. acting board of direc
amm1812

Answer:

joint venture

Explanation:

A joint venture is a strategic alliance where two or more parties, usually businesses, form a partnership to share markets, intellectual property, assets, knowledge, and, of course, profits. A joint venture differs from a merger in the sense that there is no transfer of ownership in the deal

Joint ventures provide a way for companies to enter foreign markets. For example, a foreign company enters into a joint venture with a U.S. company for sale of its product. The foreign company then benefits from the domestic company's governmental approval and business relationships in the industry.

4 0
3 years ago
Read 2 more answers
What is a corporate bond? why would a company use bonds as a source of financing?
NeTakaya

Answer and explanations : In simple words, corporate bonds refers to the debt securities that are issued  by the corporations for capital funding. Companies are obligated to make return on such investments and some time these debts are support by some asset as collateral. In other words, these are fixed obligations.

The reason behind issuing corporate bonds for funding is , first they are the cheapest sources of finance after retained earnings. Companies are obligated to pay return on these hence for the security off return investors usually purchase them even at lower prices.

Also these shareholders can be repaid back fully and have no control over the operation of the business which gives management some flexibility.

                                             

4 0
3 years ago
When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing b
Lelu [443]

The correct answer is to debit an expense.

What is debit ?

  • Still, plutocrats are taken out of it to pay someone differently, If an item or a client's account is debited. When you charge your credit card, you credit the credit card account to increase the quantum that you owe, and disenfranchise the expenditure that you charged on it.
  • The bank will disbenefit your account for the freights.
  • Disbenefit' is a formal secretary and account term that comes from the Latin word debere, which means" to owe".
  • The disadvantage falls on the positive side of a balance distance account, and on the negative side of a result item.
  • Under term FOB destination, freight is paid by the seller.

Hence,

When amazing bikes co. sells inventory to a customer with shipping terms fob destination, to record the shipping costs amazing bikes co. should debit an expense.

Learn more about debit here:

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