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2 years ago

How do the elements of the marketing mix work together to help create amarketing strategy?

Business

1 answer:

alex41 [277]2 years ago

4 0

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

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How does specialization affect international trade

frozen [14]

Answer:

Countries become better at making the product they specialize in. Consumer benefits: Specialization means that the opportunity cost of production is lower, which means that globally more goods are produced and prices are lower. Consumers benefit from these lower prices and greater quantity of goods.

Explanation:

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2 years ago

Oscar is thinking of quitting his job and buying a business. He thinks he will earn $100,000 in the first year. He currently wor

zepelin [54]

Oscars opportunity cost for buying the business is 50,000

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3 years ago

Nonquantitative methods to forecast the future need for employees, usually based on the knowledge of a pool of experts in a subj

AlexFokin [52]

Nonquantitative methods to forecast the future need for employees, usually based on the knowledge of a pool of experts in a subject or an industry, is called QUALITAIVE FORECASTING in human resource forecasting.

Explanation:

Qualitative forecasting is an estimation methodology that uses expert judgment, rather than numerical analysis. This type of forecasting relies upon the knowledge of highly experienced employees and consultants to provide insights into future outcomes.
It is a statistical technique to make predictions about the future which uses numerical measures and prior effects to predict future events. These techniques are based on models of mathematics and in nature are mostly objective. They are highly dependent on mathematical calculations.
Qualitative forecasting is useful when there is ambiguous or inadequate data.
Qualitative forecasting is most useful in situations where it is suspected that future results will depart markedly from results in prior periods, and which therefore cannot be predicted by quantitative means.

3 0

3 years ago

The $/CD spot bid-ask rates are $0.7560–$0.7625. The 3-month forward points are 12–16. Determine the $/CD 3-month forward bid-as

mylen [45]

Answer:

D. $0.7572–$0.7641

Explanation:

The forward BID rate is the rate at which the buyer is willing to buy or perform a transaction while the ASK rate is at which the seller is willing to sell at.

They are calculated by Adding or Subtracting the Basis Point(BPS).

Here BPS = 0.12% AND 0.16%.

Forward bid rate =$0.7560 + 0.0012 = $0.7572

Forward ask rate= $0.7625 +0.0016 = $0.7641.

5 0

3 years ago

Presented below are selected account balances for Homer Winslow Co. as of December 31, 2014.

Stells [14]

Answer:

1. Dr Sales Revenue $411,940

Cr Income Summary $411,940

2. Dr Income summary $341,540

Cr Cost of Goods Sold $225,870

Cr Sales Returns and Allowances $13,650

Cr Sales Discounts $15,290

Cr Selling Expenses $17,400

Cr Administrative Expenses $39,150

Cr Income Tax Expense $30,180

3. Dr Income summary $70,400

Cr Retained earning $70,400

4. Dr Retained earnings $19,080

Cr Dividend $19,080

Explanation:

Preparation of closing entries for Homer Winslow Co. on December 31, 2014

1. Dr Sales Revenue $411,940

Cr Income Summary $411,940

(Being To close expense accounts)

2. Dr Income summary $341,540

($225,870+$13,650+$15,290+$17,400+$39,150+$30,180)

Cr Cost of Goods Sold $225,870

Cr Sales Returns and Allowances $13,650

Cr Sales Discounts $15,290

Cr Selling Expenses $17,400

Cr Administrative Expenses $39,150

Cr Income Tax Expense $30,180

(Being To close expense accounts)

3. Dr Income summary $70,400

( $411,940 -$341,540 )

Cr Retained earning $70,400

(Being To close net income)

4. Dr Retained earnings $19,080

Cr Dividend $19,080

(Being To close dividends to retained earnings)

6 0

3 years ago

How do the elements of the marketing mix work together to help create amarketing strategy?​

How do the elements of the marketing mix work together to help create amarketing strategy?