1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mestny [16]
3 years ago
13

What is the purpose of a marketing plan?

Business
1 answer:
Elza [17]3 years ago
4 0

Answer:

The is purpose of marketing plan is to:define strategies to engage audiences in order to achieve business objectives

Explanation:

hope it helps

You might be interested in
Chris has three options for settling an insurance claim. Option A will provide $1,500 a month for 6 years. Option B will pay $1,
Papessa [141]

Answer:

  • <u><em>Option B. $1,025 a month for 10 years.</em></u>

Explanation:

Calculate the present value of each option:

     \text{Monthly rate: } 6.8\%/12 = 0.068/12 = 0.005\overline 6

Formula:

        PV=C\times \bigg[\dfrac{1}{r}-\dfrac{1}{r(1+r)^t}\bigg]

Where:

  • PV is the present value of the constant monthly payments
  • r is the monthly rate
  • t is the number of moths

<u>1. Option A will provide $1,500 a month for 6 years. </u>

         PV=$\ 1,500\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(6\times12)}}\bigg]

         PV=\$ 88,479.23

<u>2. Option B will pay $1,025 a month for 10 years. </u>

         PV=$\ 1,025\times \bigg[\dfrac{1}{(0.005\overline 6}-\dfrac{1}{0.005\overline 6(1+0.005\overline 6)^{(10\times12)}}\bigg]

         PV=\$ 89,068.22

<u>3. Option C offers $85,000 as a lump sum payment today. </u>

<u></u>

  • PV = $85,000
<h2 /><h2> Conclusion:</h2>

The present value of the<em> option B, $1,025 a month for 10 years</em>, has a the greatest present value, thus since he is only concerned with the <em>financial aspects of the offier</em>, this is the one he should select.

3 0
3 years ago
Gross Earnings are the same as:
meriva
Gross income, or gross profit I think
8 0
3 years ago
Please help worth 100 points
UNO [17]

Answer:

19.) b, d

20.) d, a

21.) d, c

22.) a

23.) c

Hope This Helps!  Have A Nice Day!!

4 0
3 years ago
Read 2 more answers
What happens if the amount of Bad Debt Expense is overstated at year end? A : Net income will be overstated. B : Allowance for D
Yuri [45]

Answer:

D. Net Accounts Receivable will be understated

Explanation:

5 0
3 years ago
Chandler Tire Co. is trying to decide which one of two projects it should accept. Both projects have the same start-up costs. Pr
mojhsa [17]

Answer:

The second project should be chosen. Because the present value of the second project is greater than that of the first project.

Explanation:

The project that should be chosen can be determined by comparing the present value of both projects.

Present value is the cash flows from a project discounted at the discount rate.

Present value can be found using a financial calculator;

For project 1,

Cash flow each year from year one to six is  $52,000

Discount rate = 15%

Present value =$196,793.10

For project 2,

Cash flow each year from year one to eight is  $48,000

Discount rate = 15%

Present value =$215,391.43

The second project would be chosen because its present value is greater than that of the first project.

I hope my answer helps you

6 0
3 years ago
Other questions:
  • What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental age
    13·1 answer
  • The district director of 5 mortgage origination offices staffed by bank associates who cold call potential customers in an attem
    15·1 answer
  • If an automobile manufacturer discovers a potentially hazardous defect in the product, the subsequent recall of the vehicles is
    6·1 answer
  • How taxation and legislation impact positively and negatively on a company?
    14·1 answer
  • Guinan Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc
    12·1 answer
  • 2. A small business makes cakes for parties and weddings. Which two of the following are most likely to be resources it uses dir
    8·1 answer
  • Which role does a manager plays in handling problems and situations which will lead to organizational happiness and prosperity
    15·1 answer
  • ECON please answer will give brainleist
    11·1 answer
  • ____are not very liquid because you cannot take out money
    8·1 answer
  • 8000 x .05 a bank has excess reserves of $5,000 and demand deposits of $40,000; the reserve requirement is 20%. if the reserve r
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!