The statement, "Probably the most critical 'premise' of the marketing concept is that the firms should focus on identifying and satisfying customers' needs i.e. the customer should be 'central' to everything the firm does" is true.
<u>Explanation:</u>
First of all, simply putting the customers first means a company places a customer requirements and desires above all else. Such an organisation aims to develop healthy contacts with its clients by recognising their interests and supplying its customers with either the best possible experiences.
Demand input from their consumers at any point in the project to determine the requirements of their clients.
For example, through market research, going to listen to your clients or social media or researching keywords, you can detect customer requirements in a wide range of ways.
Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
Prestige products are products that are of a high quality, high value and costly which are often purchased by people because of the benefit they will derived from it.
Most people tend to buy prestige products in order to increase their status in the society and they will often go for the product without minding how costly the product are.
Example of prestige product is buying a luxury car or items such as wrist watch that are very expensive.
Inconclusion products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others are called prestige products.
Learn more about prestige products here: brainly.com/question/6374886
Based on the financial details of Ernst Consulting, the Income Statement would be:
Ernst Consulting Income Statement
Revenue
Consulting revenue <u> 18,350</u>
Total revenue <u> 18,350</u>
Expenses
Miscellaneous expenses 720
Rent expense 4,820
Salaries expense 8,370
Telephone expense 910
Total Expenses <u> (14,820)</u>
Net Income $3, 530
<h3>What is the Net Income used for?</h3>
The net income allows the company to see its total profits for the year after expenses have been accounted for.
It is calculated by deducting expenses from the revenue like Ernst Consulting's income statement shows.
Find out more on the Income Statement at brainly.com/question/21851842.
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Answer:The answer is 1 The people pays the price, 2. Industrialization improved the standard of living of the people and increase the country Gross domestic product 3. Economic progress is the increase in output, economic development is the equitable redistribution of produced goods and services, the government must put in place a body to ensure the control of pollution of the environment by the industries.
Explanation:
Industrialization is the policy of setting up several industries in a country.it is regard as the surest way to the economic development of a country. It one of the real sector of the economy which can quickly facilitate the economic development. The process of industrialization as good as it is has a negative effect on the environment through the environmental pollution, pollution is the process of releasing harmful and injurious chemicals into the environment by the the industries which may result in a serious health and environmental hazard such as cancer, heart disease, and damage to other vital organs of the body .Therefore, the people is the one paying the price of the effect of pollution on the environment where they live.
The moral issue raised by the assertion is that industrialization is capable of bringing the people out of poverty in the sense that the major causes of poverty in the society is the lack of unemployment, therefore industrialization provide jobs for the people which help in improving their standard of living., and in turn lift them out of poverty into the life of affluence. On the other hand, industrilization is capable of improving the economic development of the country. It is one of the major ways to increase the country's Gross domestic product of the country, it help in raising the national incomes of the country..it also helps in the increase in the level of productivity of the economy. It increase the level of investment in the nation,it increases savings in the economy and help in reducing the prices of goods produced in the country.
The connection between economic progress and development is that, economic progress is the increase in the Gross domestic product or a national income of a country or the increase in the output of a country., for example if the national income of a country rises by 10% in a certain year we can say that the economy of such country has experienced a growth rate of 10% . On the other hand, if it falls by 5% we say that the country had experience a negative growth. While economic development is the attainment of a number of ideals of modernization such as a rise in productivity, social and economic equity improved institutions and values.economic development emphasises equitable distribution of produced goods and services which lead to increase in the social and economic well being of the people. Growth can be achieved with an increase in output but development can be achieved not only with increased output but also through equitable redistribution of existing goods and services. In the process of ensuring the economic progress and development it is very important to put in place a measure to control the effect of pollution on the environment by ensuring that industries channel their toxic waste appropriately in such a way that it will not lead to a serious health hazard of the people living in the environment where the industries is located. On the other hand, government should establish a body know as the environmental protection council who will be charged with the responsibility of ensuring that industries comply with the environmental laws put in place to protect the environment as well as to sanction the industries who fails to operate within the framework of the law.
Answer: Toiletry, Food, Cleaning items, Water
Explanation:
