Answer:
b. continue to produce a quantity such that marginal revenue equals marginal cost.
Marketing control is measuring and evaluating the results of marketing strategies and plans and taking corrective action to ensure that the objectives are achieved.
<h3>
What is Marketing control?</h3>
- The organizational discipline of Marketing control focuses on the effective administration of a firm's marketing resources and operations as well as the practical application of marketing orientation, strategies, and procedures inside enterprises and organizations.
- To examine the industrial context in which the company operates, Marketing control uses methods from economics and competitive strategy. Marketing control includes value chain analysis, the examination of strategic groups of competitors, and Porter's five forces, among others.
- When creating detailed competitor profiles, marketers utilize SWOT analysis to concentrate on the relative competitive strengths and weaknesses of each rival in the market.
- Marketing control will look at each rival's cost structure, profit sources, assets, and capabilities as well as its competitive positioning, product differentiation, level of vertical integration, past responses to market changes, and other elements.
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Answer:
$62,900
Explanation:
To calculate the ending balance of accounts receivable we can use the following formula:
ending balance of accounts receivable = beginning accounts receivable ($68,000) + services on account ($12,900) - collections from customers ($18,000) = $62,900
Answer:
$2,600,000
Explanation:
Sunk cost refers to the costs that cannot be recovered by the businesses.
Sunk costs:
= Cost incurred - Cost recoverable
= (4 × $1,000,000) - [(2 × $500,000) + (2 × $200,000)]
= $4,000,000 - ($1,000,000 + $400,000)
= $4,000,000 - $1,400,000
= $2,600,000
Therefore, the sunk costs of purchasing the machines is $2,600,000.
Answer:
A - shifting the aggregate demand curve to the left, reducing real GDP and lowering the price level
D - consumption, investment, and net exports decrease; aggregate demand decreases.
Explanation:
If interest rates increase, it becomes more expensive to borrow money (since there is a larger amount to be paid back on top of the value of the loan) and more beneficial to save money (since banks will pay more for saving). This means that consumers are less likely to take out loans and more likely to store their money in the bank, leading to a reduction in consumption—less consumer spending, more saving. Likewise with firms, which will be less likely to invest in new capital (because borrowing funds to buy it costs more) and more likely to save profits. This reduction in consumption and investment means that aggregate demand falls, represented in a diagram by a shift to the left.
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