It is FALSE that the elements on the left side of the marketing strategy planning process model (Context, Customers, Company, and Competitors) are what marketing managers can control.
<h3>What is the marketing strategy planning process model?</h3>
The marketing strategy planning process model shows the systematic approach that marketing managers can employ to achieve marketing goals.
The steps in the model help marketing managers to study the situation, set objectives, formulate strategies, develop action programs, implement and control marketing efforts, and carry out reviews and evaluations.
Thus, it is FALSE that the elements on the left side of the marketing strategy planning process model (Context, Customers, Company, and Competitors) are what marketing managers can control.
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Answer: Option C
Explanation: In simple words, reference groups refers to the entity which directly or indirectly impacts the view of the costumers regarding a particular commodity or section of that particular commodity.
There are three types of reference groups which are as follows informative, utilitarian and expressive. Producing entities of the composites conspires such groups as of high importance because their influence and opinions can bring such producers heavy market share.
Consumers rely heavily on such sources and generally follow the perceptions that are made by such groups. Hence from the above we can conclude that the correct option is C.
Answer:
B.
Explanation:
A stock broker is an individual usually associated with a stock brokerage firm. Their general job role is the selling of stock (share, securities, options) on behalf of a client via a stock exchange.
Stock brokers often, also give financial advice for institutional, commercial or private clients that they work with in order to counsel their clients on where best to spend their money with a view of gaining the highest financial return.
There are two main types of stock brokers:
-Discount brokers.
-Full service brokers.
Are more expensive to hire and often earn a good amount brokerage, fee, commission. They not only facilitate and undertake stock deals between clients and sellers, but they also provide financial advice and stock advice in order to steer buyers in the right direction to assist them with closing the worthwhile deals.
Answer:
$114,000
Explanation:
When a company makes sales on account, debit accounts receivable and credit sales. Based on assessment, some or all of the receivables may be uncollectible.
To account for this, debit bad debit expense and credit allowance for doubtful debt. Should the debt become uncollectible (i.e go bad), debit allowance for doubtful debt and credit accounts receivable.
Given that it estimates its bad debts to be 3.5% of credit sales, estimated bad debt
= 3.5% * $3,200,000
= $112,000
If the Allowance for Uncollectible Accounts has a $2,000 debit balance and the estimated allowance balance should be $112,000, allowance for doubtful debt required
= $112000 + $2000
= $114,000
To account for this,
debit bad debit expense $114,000
credit allowance for doubtful $114,000