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Tanya [424]
3 years ago
7

Is marketing information as important to small firms as it is to larger firms? Explain.

Business
1 answer:
mamaluj [8]3 years ago
3 0

Answer:

Yes, it is. --- in my opinion.

Explanation:

There are no right or wrong answers in questions like this, because the question seeks opinions. So, my solution will be based on my opinions.

Marketing information is important to all firms, irrespective of whether the firm operates on a large scale or a small scale.

This is so because one of the means through which firms compete amongst themselves is through the way they market their products and/or services. The way a firm markets their products and/or services may make or mar their presence in the industry. This is not peculiar to large firms alone. In fact, small firms need to put in extra efforts because they are just growing up, and they still have a lot of space to cover in the industry.

Also, when a firm gives high priority to marketing information, such firm is expected to have huge turnouts of sales. The higher the sales a firm makes, the increase the growth of such firm.

<em>Hence, marketing information is important to all firms, irrespective of their size.</em>

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Exercise 4-8 (part level submission) plevin company ended its fiscal year on july 31, 2017. the company’s adjusted trial balance
Lostsunrise [7]

            Service Revenue.................................65000

            Rent Revenue..........................................6000

              To Income Summary.....................................................71000


             Income Summary..........................78900

                  To Depreciation Expense..............................................7000

                  To Salaries Expense.......................................................56400

                   To Utilitites Expense.........................................................15500

Retained Earnings.....................................................................7900

      To Income Summary...............................................................................7900

6 0
4 years ago
Read 2 more answers
A group of private wealthy investors who help entrepreneurs finance a new business by investing anywhere from $50,000 to $2 mill
Elenna [48]
The answer is b, angel investors
4 0
2 years ago
Chattanooga Company purchased a depreciable asset for $80,000 on January 1, 2015. The estimated salvage value is $20,000, and th
zimovet [89]

Answer: $17,333

Explanation: The above answer can be calculated as follows :-

Depreciation till  =\frac{80,000\:-20,000}{5}\:\times 2\:=\$24,000

2015 TO 2017

now,

value of asset in 2017 = $80,000 - $24,000 + $16,000 = $72,000

therefore,

Depreciation in 2017 =\frac{72,000\:-20,000}{3}\:\times 2\:=\$17,333

4 0
4 years ago
Vaughn Manufacturing incurred the following costs for 84000 units: Variable costs $504000 Fixed costs 392000 Vaughn has received
mina [271]

Answer:

$7.8

Explanation:

Variable costs = $504,000

Fixed costs = $392,000

Number of units produced = 84,000

Shipping charges = $4,500

Therefore, the variable cost per unit is calculated as follows:

= Variable costs ÷ Number of units produced

= $504,000 ÷ 84,000

= $6 per unit

Incremental fixed cost per unit (For 2,500):

= Shipping cost ÷ 2,500

= $4,500 ÷ 2,500

= $1.8 per unit

Therefore, the unit sales price will be the sum total of variable cost per unit and incremental fixed cost per unit for the shipping charges.

BEP (in sales price per unit):

= Variable cost per unit + incremental fixed cost per unit

= $6 + $1.8

= $7.8

5 0
3 years ago
Trisha and Josh recently adopted a child, Julie. Before the adoption, Trisha, Josh, and Julie's biological parents worked out an
Shkiper50 [21]

Answer:

open adoption

Explanation:

Based on the information provided in regards to the situation at hand it seems that this case is an example of an open adoption. This type of adoption refers to when the birth parents make an agreement with the adopting parents to be able to see and get to know the child as he/she grows up. Which is exactly what is happening with Trish, Josh, and Julie's biological parents.

6 0
4 years ago
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