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3 years ago

Outline four uses of a marketing plan

Business

2 answers:

spin [16.1K]3 years ago

4 0

marketing means ads

what kind of ads have made you buy a product?

what did those ads do to convince you?

this can include friends telling you to buy something (word of mouth)

serious [3.7K]3 years ago

3 0

Answer:

The marketing plan usually assists in the growth of the business by stating appropriate marketing strategies, such as plans for increasing the customer base. State and review the marketing mix in terms of the 8Ps of marketing Product, Price, Place, Promotion, People, Process, Physical Evidence, and Performance.

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Contribution margin per unit. Number of units that Ender must sell to break even. Sales level in units that Ender must reach to

antoniya [11.8K]

Answer:

a. $120

b. 5,000 units

c. 7,000 units

Explanation:

Hi, your question is incomplete, I found the full question online and uploaded text and image below.

Workings and explanations :

Contribution margin per unit = Sales - Variable Cots

= $200 - $80

= $120

Break even (units) = Fixed Costs ÷ Contribution margin per unit

= $600,000 ÷ $120

= 5,000 units

Unit Sales to achieve a target profit = (Targeted Profit + Fixed Costs) ÷ Contribution margin per unit

= ($240,000 + $600,000) ÷ $120

= 7,000 units

Margin of Safety = Expected sales - Break even Sales

Note : There is no much details about the current sales level

FULL DETAILS OF THE QUESTION IS AS FOLLOWS :

Information concerning a product produced by Ender Company appears here: Sales price per unit $ 200 Variable cost per unit $ 80 Total annual fixed manufacturing and operating costs $ 600,000

5 0

3 years ago

During the maturity stage of the product life cycle, profit declines primarily because: Multiple Choice a) there is fierce price

kipiarov [429]

Answer:

A) there is fierce price competition among sellers.

Explanation:

A product's competition intensifies in the maturity stage, since more competitors enter the market and new production technologies reduce manufacturing costs. The only way a company can increase its customer base is by taking them away from its competitors.

7 0

4 years ago

Crop Yield Corporation, Dextros Harvest Company, and Equip Enterprises, Inc., are farm-equipment distributors that control 90 pe

DiKsa [7]

Answer:

price fixing agreement

Explanation: Price fixing is an agreement (written, verbal) among competitors to sell a product, service, or commodity only at a fixed price. These competitors who agree to this agreement are responsible for raising, lowering, or stabilizing prices according to their competitive terms. Generally, consumers make choices to what products and services to buy, and they expect that the price should be determined freely on the basis of supply and demand, not by an agreement among competitors. in this type of case, prices tend to be higher which is a major concern for the consumers.

7 0

3 years ago

Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for De

Dvinal [7]

Answer:

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

Explanation:

FIFO Method.

Fully worked units: These represent units of inventory that were started in a current period and completed that same period. The fully worked units are calculated in order to separate the opening inventory from the the newly introduced when accounting for completed units under the FIFO.

For magic company , fully worked units is

= 480,000 - 72,000 = 408,000 units

Equivalent units using Weighted Average

Here, there are no distinction between opening inventory and the newly introduced.

Equivalent Units

Completed unit (100%× 480,000) = 480,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 523,200

Equivalent Units using FIFO

Item Equivalent Units

Opening inventory (40% × 72,000) = 28,800

Fully worked (100%× 408,00) = 408,000

Closing inventory (60% × 72,000) = 43,200

Total equivalent units 480,000 

Equivalent units

a) Weighted average = 523,200 units

b) FIFO = 480,000 units

8 0

3 years ago

Microsoft charges a price of $599 for a copy of windows 7. Is this pricing decision rational?.

rusak2 [61]

According to the Question,

When we assume the managers at Microsoft have used all available information and weighed all known benefits and costs, we are assuming rationality.

The antithesis of intuitive decision-making is rational decision-making. It follows a precise process that makes use of logic and objective information.

It entails recognising the issue that has to be resolved, collecting data, locating choices and outcomes, analysing them, taking into account all the connections, and making a decision.

<h3>Using the rational decision-making Steps in the workplace:</h3>

Describe the issue.
Determine the selection criteria.
Assign the requisite weights.
Make a list of possibilities and rank them.

To Learn more about Rational Decision Making, Click the links.

brainly.com/question/14409615

brainly.com/question/14285240

#SPJ4

5 0

2 years ago

Outline four uses of a marketing plan ​

Outline four uses of a marketing plan