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3 years ago

Itemise the importance of marketing in an economy

Business

1 answer:

den301095 [7]3 years ago

3 0

Answer:

Marketing drives a consumer economy, promoting goods and services and targeting consumers most likely to become buyers. Higher sales for a business that employs successful marketing strategies translate into expansion, job creation, higher tax revenue for governments and, eventually, overall economic growth.

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After alistair earned his ba, he had to decide whether to accept the offer of a job that will pay him $45,000 per year or spend

guapka [62]

Answer:

$77,500

Explanation:

The computation of the annual opportunity cost of earning his mba is shown below:

= Cost of the job + cost of other expenses + the interest earned per year

= $45,000 + $22,000 + $500

= $77,500

In order to determine we added the cost of the job, cost of other expenses, and the interest earned per year so that the annual opportunity cost could arrive

8 0

3 years ago

Customers' expectations are based on their experiences. if a customer expects his hotel room to be ready when he arrives, but en

Allisa [31]

<span>Customers' expectations are based on their experiences. if a customer expects his hotel room to be ready when he arrives, but encounters a wait because it is not prepared, this reflects a knowledge gap on the part of the hotel because it did not understand the customer's expectations.

The knowledge gap explains that there are discrepancies that can be made when someone is unsure of another persons expectations. This is common and normal, human error exists. The best thing someone can do moving forward is ask more question to be better prepared but often times, it was not communicated to the appropriate person correctly. </span>

6 0

3 years ago

Activities included (and not included) in the calculation of GDP

kicyunya [14]

Answer:

Included in 2020 GDP

1. Chocolate Express, a Swiss chocolate company, produces a chocolate bar at a plant in Illinois on December 14, 2020. An elementary school student buys the chocolate bar on December 24.

4. Zippycar, a U.S. automobile company, produces a convertible at a manufacturing plant in Minneapolis on January 6, 2020. It sells the car at a dealership in San Francisco on February 2, 2020.

5. Roadway Motors, a U.S. automobile company, produces a convertible at a plant in Germany on March 11, 2020. Roadway Motors imports the convertible into the United States on May 29, 2020.

NOT INCLUDED IN 2020 GDP

2. The Jones family buys an antique silver platter at an auction in upstate New York on March 11, 2020.

3. Graincorp, a U.S. agricultural company, produces corn syrup at a plant in Iowa on September 25, 2020. It sells the corn syrup to Crunchy's for use in the production of cereal that will be made in the United States in 2020

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.

Items not included in the calculation off GDP includes:

1. services not rendered to oneself

2. Activities not reported to the government

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The purchase of chocolate would be added to GDP as part of consumption spending on non durable items.

the purchase of the antique silver platter would not be added as part of GDP because it wasn't produced in 2020 and only goods produced in 2020 would be added to 2020 GDP.

The corn syrup is an intermediate good and it would not be added in the calculation of GDP. only final goods are added in the calculation of GDP.

The automobile would be added to GDP as part of investment spending by businesses.

the import of cars would be added as part of net export in 2020 GDP

5 0

3 years ago

Assume that you purchased a $1,000 perpetual bond (coupon payment is $50) and the interest rate on that bond declined from 5 per

Svetlanka [38]

Answer:

D) all of the above

Explanation:

First find the present value for each alternative using PV of perpetual cashflow formula;

PV = CF / rate

CF = 50

If rate= 5%;

PV = 50/0.05 = $1,000

If rate = 2%;

PV = 50/0.02 = $2,500

With these two calculations, we see that;

-the bond price increased by $1,500

-you could sell this bond at a capital gain, meaning you can sell it a higher price that what you bought it for.

-at an interest rate of 2%, the speculative demand for money would increase

Hence , all these choices are correct!

5 0

3 years ago

Quentin operates an ice cream franchise which has shops throughout the United States. CoolCream Co., the franchisor, supplies th

Masja [62]

Answer:

C. manufacturing or processing-plant arrangement.

Explanation:

According to my research on the different types of relationships between companies and their manufacturers, I can say that based on the information provided within the question this relationship is known as a manufacturing or processing-plant arrangement. Which is basically (liked described in the question) when a franchiser provides the individual stores with the ingredients necessary to run the store.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0

3 years ago

Itemise the importance of marketing in an economy ​

Itemise the importance of marketing in an economy