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3 years ago

What is Advertising , according to the American Marketing Association

Business

1 answer:

fredd [130]3 years ago

4 0

Answer+Explanation:

Advertising is the placement of announcements and messages in time or space by business firms, nonprofit organizations, government agencies, and individuals who seek to inform and/or persuade members of a particular target market or audience regarding their products, services, organizations or ideas.

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"GDP is an imperfect measure of economic well-being because it fails to measure what types of production?"

almond37 [142]

Answer:

GDP is an imperfect measure of Economic well being because of : Production of - Non Monetary Exchange goods , Positive & Negative Externalities goods, Negative Impact goods.

Explanation:

GDP is the total value of goods & services produced by an economy during a period of time.

Although reflecting flow of goods & services in an economy, GDP is still not a perfect measure of well being because :

Non Monetary Exchange Goods : Services of family members (housewives), leisure production (eg painting) are non monetary.
Positive & Negative Externalities Goods: Benefit or harm to un-involved party, without any monetary exchange. Eg - Education, Pollution.
Negative Impact Goods : Goods consumption leading to well being loss rather than well being gain. Eg- Addiction (Alcohol / Smoking).

All these goods change well being : Non Monetary Exchange Goods increase well being , Positive Externalities increase welfare , Negative Externalities decrease welfare , Negative Impact goods decrease welfare.

But, these are still not included in GDP evaluation. So, all these make GDP an imperfect measure of well being.

8 0

3 years ago

Determining Missing Items from Computations Data for the California, Midwest, Northwest, and Texas divisions of Firefly Industri

Ivanshal [37]

aAnswer:

Note: See the lower part of the attached excel for the table for the answer.

Explanation:

In the attached excel file, the following calculations are done:

(a) Operating income = Sales * Profit margin = $6,000,000 * 20% = $1,200,000

(b) Invested assets = Operating income / Return on investment = $1,200,000 / 16% = $7,500,000

(d) Sales = Operating income / Profit margin = 1,512,000.00 / 12% = $12,600,000

(e) Investment assets = Sales / Investment turnover = $12,600,000 / 1.40 = $9,000,000.00

(f) Return on investment = Investment turnover * Profit margin = 1.40 * 12% = 16.80%

(g) Operating income = Invested assets * Return on investment = $11,000,000 / 17.50% = $1,925,000

(h) Profit margin = (Operating income / Sales) * 100 = ($1,925,000 / $13,750,000) * 100 = 14.0%

(i) Investment turnover = Return on investment / Profit margin = 17.50% / 14.0% = 1.25 times

(j) Return on investment = (Operating income / Invested assets) * 100 = ($840,000 / $3,500,000) * 100 = 24.0%

(k) Profit margin = (Operating income / Sales) * 100 = ($840,000 / $5,250,000) * 100 = 16.0%

(l) Investment turnover = Return on investment / Profit margin = 24.0% / 16.0% = 1.50

Download xlsx

4 0

2 years ago

How do you register partnerships firm in Nepal?

koban [17]

<em><u>answer</u></em>

Procedure for Registering a Partnership Firm

Step 1: Application for Registration. An application form has to be filed to the Registrar of Firms of the State in which the firm is situated along with prescribed fees. ...

Step 2: Selection of Name of the Partnership Firm. ...

Step 3: Certificate of Registration

6 0

3 years ago

Read 2 more answers

Pollution control equipment for a pulverized coal cyclone furnace is expected to cost $190,000 two years from now and another $1

alexandr1967 [171]

Answer:

$212,882.75

Explanation:

Cost from 2 years now = $190,000

Cost from 9 years now = $120,000

Interest rate = 9% Quarterly

Present Worth = Cost from 2 years now*[1/(1+interest/m)^nm] * Cost from 2 years now*[1/(1+interest/m)^nm]

Present Worth = 190,000*[1/(1+0.09/4)^2*4] + 120,000*[1/(1+0.09/4)^9*4]

Present Worth = 190,000*[1/(1.0225)^8] + 120,000*[1/(1.0225)^36]

Present Worth = 190,000*[1/1.19483] + 120,000*[1/2.22782]

Present Worth = 190,000*0.83693915 + 120,000*0.4488693

Present Worth = 159018.4385 + 53864.316

Present Worth = 212882.7545

Present Worth = $212,882.75

Thus, the amount to invest to cover these cost is $212,882.75

5 0

2 years ago

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its ___________ and how

maria [59]

Answer:

Scarce resources.

Explanation:

A major reason for studying Economics is to gain an understanding of how a nation can best choose to use its scarce resources and how we must make rational decisions in order to move toward a higher standard of living for all. Some of these scarce resources include money, time, land, labor, capital and entrepreneurship. If these resources are not well managed, it usually results in an economic downturn, recession and inflation which are typically a negative factor for good standards of living for the people living in the particular country.

Hence, a proper allocation of scarce resources would improve the standards of living in a country.

3 0

3 years ago

What is Advertising , according to the American Marketing Association​

What is Advertising , according to the American Marketing Association