Which of the following is a benefit of tracking the demographic information of a customer?

A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provi

pickupchik [31]

Complete Question:

A 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. Which is the BEST recommendation?

Group of answer choices.

A. Mid-cap common stock

B. Municipal bond

C. Bank CD

D. Treasure STRIPS

Answer:

C. Bank CD

Explanation:

In this scenario, a 60-year old retiree is in a very low tax bracket. He has a low risk tolerance and wishes to make an investment that will provide income. A Bank certificate of deposit (CD) is the best recommendation.

A bank certificate of deposit (CD) can be defined as a secured form of time-bound deposit and a special low-risk savings account, wherein money (lump-sum) are left with the bank for a specific period of time in exchange for an interest rate premium.

Generally, a certificate of deposit pays a higher interest rate to its holder than the regular savings account because the banks invest the money in a business.

Additionally, the bank certificate of deposit is protected and insured by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000.

4 0

3 years ago

A speaker says, "because the japanese make the best stereo sound systems in the world, you should consider buying a japanese-mad

Advocard [28]

The speaker is using the fallacy of building on an unproven assumption. The speaker has made the assumption that the Japanese make the best stereo sound systems in the world. This is merely his/her opinion, and is not a proven fact. Thus, when the speaker bases another argument on that assumption, he has used a fallacy in reasoning.

7 0

3 years ago

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podryga [215]

Answer:

Hiiiiiiiiiiiiiiiiiiiiiiii 1111122212222222 if you needed help I would help

7 0

3 years ago

Cotton White, Inc., makes specialty clothing for chefs. The company reported the following costs for 2018: Factory rent $ 36,100

salantis [7]

Answer:

1) Direct materials=$43070

2)Direct labor=$126300

3)Manufacture overhead=$117600

4)Total manufacturing cost=$286970

5)Prime cost=$169370

6)Conversion costs = 126300+117600= $243900

7)Total period cost= $418670

Explanation:

The company reported the following costs for 2018:

1) Direct materials

Thread 1,020

Premium quality cotton material 41,300

Buttons 750

Total= $43070

2)Direct labor

Wages paid to seamstresses 76,200

Wages paid to cutters 50,100

Total= $126300

3) Manufacture overhead

Factory rent $ 36,100

Utilities for factory 24,600

Cutting room supervisor's salary 31,300

Factory insurance 19,100

Depreciation on sewing machines 6,500

Total= $117600

Notice that marketing, Depreciation on salespersons' vehicles and president's salary are not part of manufacturing overhead.

4)Total manufacturing cost=$43070+126300+117600=$286970

5)Prime cost= direct material + direct labor=43070+126300=$169370

6)Conversion costs = Direct labor + Manufacturing overhead= 126300+117600= $243900

7)Total period cost= manufacturing cost + Company advertising + Depreciation on salespersons' vehicles + President’s salary

Total period cost= 286970 + 24200 + 30600 + 76900= $418670

7 0

3 years ago

The first of two major components of developing a marketing strategy is to _______. a. select a target market b. determine a seg

Brrunno [24]

Answer:The first of two major components of developing a marketing strategy is to select a target market.

Explanation: After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.

Steps to select a target market

Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
Customers can be targeted on the basis of age,gender,income,occupation,educational level.
Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
Finally target those customers who actually need your products and services.

5 0

3 years ago