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riadik2000 [5.3K]
3 years ago
8

Because private business is involved in certain aspects of our economy, it is a modified version of free enterprise.

Business
1 answer:
Dmitry [639]3 years ago
5 0
The answer would be true
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How do you define marketing? What are the four foundations of marketing and how do they fit into your definition? Based on your
Elan Coil [88]

Explanation:

Marketing is profitably using the results of studying short term and long term needs of those who can pay for a one-time, or in most cases, a steady flow of service or product placement. In 2017 The New York Times described it as "the art of telling stories so enthralling that people lose track of their wallets.[1]

It is one of the primary components of business management and commerce.[2] Marketers can direct their product to other businesses (B2B marketing) or directly to consumers (B2C marketing).[3] Regardless of who is being marketed to, several factors apply, including the perspective the marketers will use. Known as market orientations, they determine how marketers will approach the planning stage of marketing.[4]

The marketing mix, which outlines the specifics of the product and how it will be sold,[5][6] is affected by the environment surrounding the product,[7] the results of marketing research and market research,[8][9] and the characteristics of the product's target market.[10] Once these factors are determined, marketers must then decide what methods will be used to promote the product,[3] including use of coupons and other price inducements.[11]

The term marketing, what is commonly known as attracting customers, incorporates knowledge gained by studying the management of exchange relationships[12][13] and is the business process of identifying, anticipating and satisfying customers' needs and wants.

7 0
4 years ago
A software firm plans to reduce the number of talented designers in its workforce who leave their jobs. In this case, the firm s
Luda [366]

Answer:

The correct answer is letter "D": voluntary.

Explanation:

Voluntary turnover refers to the situation in which employees quit their jobs because of several reasons: inadequate work conditions, low wages, or better job opportunities are some of them. In some other cases, the lack of opportunities to follow a path career pushes employees to look for different companies where to work.

Therefore, <em>the software firm of the example is looking for the voluntary turnover of its designers to avoid the process of firing them.</em>

5 0
3 years ago
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $90 each. Direct materials cost $15 per
pogonyaev

Answer:

The gross profit margin for the cat condo is 50%

Explanation:

Since the gross profit per unit is not given, so first we have to find it. The calculation is shown below:

= Selling price per unit - Direct materials cost per unit - direct labor costs per unit - Manufacturing overhead per unit

= $90 per unit - $15 per unit - $10 per unit - $20 per unit ( $10 per unit × 200%)

= $45 per unit

Now apply the Gross profit formula which is shown below:

= (Gross profit per unit ÷ selling price per unit) × 100

= ($45 per unit ÷ $90 per unit) × 100

= 50%

7 0
3 years ago
In comparison to industry averages, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio. W
Drupady [299]

Answer: D-its inventory level is too high

Explanation:

Inventory turnover is a ratio that shows a company how efficient it sells its products. A high turnover means that the company is generating sales efficiently for inventory, while a low turnover means not generating efficient sales for inventory.

Also a low quick Ratio means when a company does not have enough current assets and lacks inventory in order to cover it's short term debt

Since, Okra Corp. has a low inventory turnover, a high current ratio, and an average quick ratio, it will generate inventory that is too high leading to poor sales.

6 0
3 years ago
Read 2 more answers
Suppose you bought a gm corporate bond on january 25, 2001 for $750, on january 25, 2004 sold it for $650.00. what was your annu
otez555 [7]

0.0466 It should be negative 0.0466. Calculation of annual holiday.

A holiday is a day established by custom or law on which normal activities, especially work, including business or school, are suspended or restricted. In general, holidays are for individuals to celebrate or celebrate an event or tradition of cultural or religious significance.

Holidays may be determined by governments, religious organizations or other groups and organizations. The extent to which the normal operation of the holiday is restricted may vary depending on local laws, customs, the type of work performed, or personal choice.

The term holiday is commonly used in connection with religious customs and traditions.

learn more about Holidays here;  brainly.com/question/26072214

#SPJ4

3 0
2 years ago
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