Answer:
Option B: Societal
Explanation:
Societal Marketing was coined from the marketing concept. Marketers and consumers are collecting stocks of what is good for themselves, their family, their country, and the planet.
It involves means by which marketing looks for ways amd means to provide products and services to help consumers reach their goals and Target while also making profitable decisions for their companies.
It is useful to consumers' long-run best interest and help promoting good corporate citizenship.
Answer:
A. Jordan specializes in household production, while Chris specializes in marketplace work.
Explanation:
Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.
Answer:
A social security number
Explanation:
Categorical data is type of data that can be divided into groups or the data which defines a category
Here, in the given question
Score on a multiple-choice exam, Height, in meters, of a diving board and number of square feet of carpet are the quantitative data which means the data quantifies a sample with a particular value.
While A social security number defines a certain category of people.
Answer:
product based
Explanation:
Garvin defined five measures or perspectives of quality:
- transcendental perspective: quality that can be perceived but not clearly defined.
- user perspective: concrete definition of quality, the product complies with the users' needs yes or no.
- manufacturing perspective: quality is measured as conformance to requirements, e.g. ISO standards.
- product perspective: quality is measured by the characteristics of the product.
- value based perspective: different aspects of quality can be valued differently depending on the stakeholder.
Answer:
To evaluate the choice, we have to calculate the present value of future cash flows and compare it with the cost. We use the following formula
present value = C × [ 
]
where
C = yearly payments = 75000
i = interest rate = 8%
n = no. of years = 15
put the given values in above equation, we get
Present value = 75000 ×8.559478688
= 641,961
Since the present value of cash flow 641,961 is less than the cost 750,000, I would not recommend it.
If Interest rate = 5%, then:
Do the same procedure as above but take i=5%
Present value = 75000 × 10.37965804
= 778,474
Since the present value of future cash flows 778,474 is greater than the cost 750,000, I would recommend it.
