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3 years ago

12. What is OSHA's purpose?

Business

1 answer:

asambeis [7]3 years ago

4 0

Answer:

ansure safe and healthful working conditions for workers by setting and enforcing standards and by providing training, outreach, education and assistance.

Explanation:

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Explain the importants of marketing segmentation

Nina [5.8K]

A market segment is a subgroup of people or organizations that have one or more characteristics in common that cause them to have the same product needs. Everyone needs water to drink, but does everyone need bottled water? For companies to successfully reach their precise customer, they need to divide a market into similar and identifiable segments through market segmentation.

The main reason companies divide markets into identifiable groups is so that the marketing team can create a custom marketing mix for the specific group. For example, Farmer Joseph realized early on that not everyone would purchase his expensive organic produce. He did not want to exhaust his financial budget by advertising to the masses. Instead, he identified his target market and created a specific marketing plan to communicate effectively with his prime customers.

His target market consisted of females age 18-65, with an income of $50,000+, who have healthy eating habits and who are concerned about pesticides. His plan consisted of ad placement in local women's magazines, newspapers and also email blasts to a list that he formulated with age and income specifics. Lastly, he advertised with a local gym about his healthy produce. Marketers have numerous choices in how they can segment a market.

If the farmer had planned on targeting everyone, then the type of segmentation would have been called no market segmentation. The opposite type of segmentation would be if he decided to target based on every individual factor available. This would be called a fully segmented market. Other choices include segmenting just by gender, income, lifestyle, ethnicity, family life cycle, age group, or even a combination-type.

Companies will not survive if the marketing strategy is dependent upon targeting an entire mass market. The importance of market segmentation is that it allows a business to precisely reach a consumer with specific needs and wants. In the long run, this benefits the company because they are able to use their corporate resources more effectively and make better strategic marketing decisions.

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3 years ago

On October 1, Company B records 1 year of prepaid rent in an income statement account then adjusts for the unexpired prepaid ren

trasher [3.6K]

Answer:

The first journal entry was not the most appropriate, but since the mistake was correctly adjusted at the end of the year, both assets and expenses will be the same whether they did it correctly the first time or they had to adjust a mistake at the end of the year.

E.g. something like this happened

October 1, rent expense for 1 year

Dr Rent expense 12,000

Cr Cash 12,000

December 31, adjustment to rent expense

Dr Prepaid rent 10,000

Cr Rent expense 10,000

they should have recorded it as:

October 1, prepaid rent for 1 year

Dr Prepaid rent 12,000

Cr Cash 12,000

December 31, adjustment to rent expense

Dr Rent expense 2,000

Cr Prepaid rent 2,000

Whichever way you recorded the transactions, the balances a the end of the year would be:

prepaid rent (asset) $10,000

rent expense (expense) $2,000

6 0

3 years ago

The goal of customer relationship management is to

viktelen [127]

Enhancing, Retaining, Satisfying and Attracting.

6 0

3 years ago

Assume that in a private, closed economy consumption is $240 billion and investment is $50 billion, both at the $280 billion lev

adell [148]

Answer:

D. unplanned increases in inventories of $10 billion will occur

Explanation:

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3 years ago

Vanguilder combines all manufacturing overhead into a single cost pool and allocates this overhead to products by using machine

sergeinik [125]

Answer:

The company's high-volume products are overcosted.

Explanation:

Vanguilder is currently using a traditional costing which is easy because it often just divides some types of costs equally between different items.

To understand this we take the assumption given in the question that Vanguilder combines all manufacturing overhead into a single cost pool and allocates this overhead to products by using machine hours.

So, lets say that Vanguilder is producing 2 products then how will you divide the machine hours between these 2 products?

It's Easy;

The total cost of machine hours divided by units produced and we get the $ amount for each product. But what if product 1 uses more machine hours then product 2?

Is it still fair to write down same amount of machine hours for each product.

We should write bigger machine hour cost for the product 1, right?

This is where Activity Based Costing is different from Traditional Costing.

However, Activity Based Costing finds ways to divide or allocate these costs more proportionally or fairly.

We can write a higher cost for product which use more machine hours.

Hence the following option would be correct:

The company's high-volume products are overcosted.

As, low-volume products require less production allocated using overhead (such as machine hours) than high-volume products. Therefore low-volume product are undercosted, while high-volume product are overcosted.

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3 years ago