Discounts on products may or may not answer questions from customers, but this does not mean that if a company offers discounts on a product, customers will answer their questions and decide to buy.
Discounts on goods or services are a great way to get new customers quickly. Even if they have never heard of your business before, a discount is likely to pique their interest when they learn that they can save money on goods or services they want, are likely to use, or have considered using. As a marketing strategy, discounts may not only help you increase your bottom line but also attract new customers and attention.
Benefits of providing discounts
- Attract new customers Discounts- as previously stated, are extremely appealing to customers and have the potential to attract both new and returning customers. Discounting products and services, particularly those in high demand, is a great way to get people's attention. Particularly in these days of social media, word-of-mouth traffic may significantly improve promotion outcomes. Your business's revenue is likely to rise as a result of increased traffic either online or in-store (or both).
- Increased Sales Despite- The fact that fewer products and services typically result in the greatest number of sales, increasing foot traffic to your store or website suggests that customers will be more likely to consider purchasing other products and services. The increased demand for one item may result in additional purchases while they are there.
- Enhances Brand Image- There are a number of scenarios in which a business might offer a discount in order to improve its image. A company's image may greatly benefit from targeted discounts, such as seasonal or location-specific discounts or discounts for a particular group of people. For instance, if a company gives discounts to people who are older, have served in the military, or have survived cancer, it shows that it cares about and can relate to certain groups (which gets more attention).
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Answer:
managing
Explanation:
According to my research on different employee roles and responsibilities, I can say that based on the information provided within the question Omar is most likely managing. This can be said since managing is the act of controlling employees and making sure everything is working correctly as well as goals being met by planning, organizing, and leading. Therefore Omar is most likely a manager.
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Answer: 26.37%
Explanation:
Given that,
Standard cost of CD players = $161 per unit
Labor = $34
Materials = $74
Overhead = $53
Sales price = $300 per unit
Current multi-factor productivity =
=
= 1.86
Revised multi-factor productivity after productivity increase by 14 % = 2.1204
Thus given sales price remaining constant at $ 300 and multi-factor productivity of 2.1204
Revised standard cost of CD players =
= $141.48
Let the corresponding material cost be $m,
Therefore,
Labor cost + m + overhead cost = $141.48
$34 + m + $53 = $141.48
m = $54.48
percentage reduction in material cost =
=
= 26.37%
MATERIAL COST MUST REDUCE BY 26.37%.
Answer:
0.104
Explanation:
We are to determine the yield to maturity of the bond
yield to maturity can be determined using a financial calculator
Cash flow in year 0 = -500
Cash flow each year from year 1 to 6 = 0
Cash flow in year 7 = 1000
YTM = 10.4%
To find the YTM using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the IRR button and then press the compute button.
<span>Government can definitely influence the consumer decisions by giving out certain information. So the consumers do not buy the products that are revealed to be dangerous. Sometimes this government involvement in the company business may affect the consumers like if the government takes some of the company's profit, the companies will charge higher for the consumers.</span>