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3 years ago

Marketing research refers to:

Business

1 answer:

Bad White [126]3 years ago

4 0

Answer:

The correct answer is letter "A": the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions.

Explanation:

Marketing research consists of the coordinated processing, collection, and analysis of data on problems relating to goods and services marketing. Marketing research is a useful tool that companies use that provides valuable data about decision-makers or consumers. Besides, it allows studying consumer behavior and preferences that will end pushing firms to take the course of their operations to activities that match those behaviors and preferences.

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You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. What should you do to

SVETLANKA909090 [29]

Answer and explanation:

Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is elastic but if the result is lower than 1 the product is inelastic.

In the case, as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should increase the museum ticket price to increase revenue.

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2 years ago

Static Budget Actual Units 5,000 5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufact

Ipatiy [6.2K]

Answer:

$700 favorable

Explanation:

Calculation to determine what The total sales-volume variance for operating income for the month of July would be

First step is to calculate the of contribution per unit using this formula

Contribution Margin per unit

=Sales− Variable manufacturing costs−Variable marketing and administrative expense/units

Let plug in the formula

Contribution Margin per unit=$60,000−$15,000−$10,000/5,000units

Contribution Margin per unit=$7per unit

Now let calculate the total sales-volume variance using this formula

Total sales volume variance

= Actual units−Static Budget × Static contribution margin per unit

Let plug in the formula

Total sales volume variance=5,100units−5,000units×$7

Total sales volume variance=$700 favorable

Therefore The total sales-volume variance for operating income for the month of July would be

$700 favorable

3 0

2 years ago

Before implementing controls in a newly developed system, management should PRIMARILY ensure that the controls:

jolli1 [7]

Answer:

The correct answer to the following question is option A) satisfy a requirement in addressing a risk .

Explanation:

The reason why management is implementing controls is to mitigate the risk in the newly developed system, that is why management should select that control which primarily mitigate the risk, which have been identified by the management. While designing a control, it would be necessary to consider all the aspects given in the question for a control to be best but in reality it might not be possible.

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3 years ago

Which of the following is NOT considered personal information?

Anastasy [175]

Can you reply to this with the options so i can answer ^^

5 0

3 years ago

You are meeting with the new CEO of your company to discuss marketing channel strategies. You are delighted to learn that the C

jeyben [28]

Answer:

You should make sure the channel you choose is capable of creating lots of:

Time and place utilities.

Explanation:

Utility:

In business, utility is defined as the benefit or value that a customer gets from the product of a business.

There are fours type of utilities which are: Time Utility, Form Utility, Place Utility and Possession Utility.
Time Utility: This utility means that your product remain available to the customer at a time when the customer need it. Like if a customer wants the product available at night then it should be available.
Place Utility: This utility means that the your product is available to the customer wherever the product is required. For example if a customer wants your product at a specific place then it should be available.
In this questions, time and place utility were required from the manager.

8 0

3 years ago