The first marketing law suggests that in order to be successful in the market, the marketers need to understand the customer's demand and identify the brand positioning of the product in the market. Therefore, the option C holds true.
<h3>What is the significance of marketing laws?</h3>
Marketing laws are the ones that are universally accepted principles followed by marketers in order to get successful position in the market. The first and foremost law tells about how one should position the brand in a market over the demand of customers.
Therefore, the option C holds true and states regarding the significance of marketing laws.
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The incomplete question has been completed below for better reference.
A. Understand customer's demands
B. Identify brand positioning
C. Both A and B
D. None of these
Answer:
c. The moral minimum theory
Explanation:
The moral minimum theory is a principle that statutes that a business should do <em>NO intentional harm or do the minimum harm possible in order to consider its behavior the minimum required for ethical behavior.</em>
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Answer: D. Strong form market efficiency
Explanation:
Strong form efficiency this is the most demanding version of the efficient market hypothesis (EMH) investment theory, Which states that for all information in a given market, whether it’s a public or private market, they are usually accounted for in a stock's price.
Answer:
In 2017
Net Income and Retained Earning are overstated by $100,000
Expenses and Payables are understated by $100,000.
In 2018
Inventory, Net Income and Retained Earning are understated by $57,000
Expenses are overstates by $57,000
Explanation:
Accrued Salaries is Recorded as follow
Dr. Salaries Expense
Cr. Salaries Payament
Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.
Treatment of Office supplies of $57,000 as expense will overstate the expenses and understate the the inventory, Net income and Retained Earning.
