The Chinese restaurant failed to realize the importance of "word-of-mouth marketing."
<h3>What is word-of-mouth marketing?</h3>
Whenever a consumer's interest inside a company's service or product is reflected in their regular conversations, this is referred to as word-of-mouth marketing (also WOM marketing). Basically, it is free promotion brought on by consumer experiences, which are typically above and beyond their expectations.
Some key features regarding word-of-mouth marketing are-
- Word-of-mouth marketing occurs when customers recommend a business's goods or services to their friends, relatives, and other people they value highly.
- WOM marketing is among the most effective kinds of advertising since 88% of consumers prefer suggestions from their friends than those in traditional media.
- By exceeding customer expectations with a product, delivering first-rate customer service, and providing consumers with insider knowledge, businesses can promote WOM marketing.
- The finest word-of-mouth marketing methods, according to Word of Mouth Marketing Association (WOMMA), are sincere, credible, sociable, repeatable, measurable, and respectful.
To know more about the word-of-mouth marketing, here
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Answer:
The equivalent units of production for materials is 570.
Explanation:
Equivalent units measures the number of units completed to the extend of in puts introduced to the outputs.
<u>Calculation of equivalent units of production for materials.</u>
Units completed and transferred (450 × 100%) 450
Units in ending work in process ( 60 × 20 %) 12
Total equivalent units of production for materials 570
Conclusion :
The equivalent units of production for materials is 570.
Answer:
5.75%
Explanation:
First, find the coupon payment amount . Using a financial calculator, key in the following inputs for this the bond valuation.
<em>Note: Make adjustment on the rate and time since the coupon payments are made semi-annually i.e 2 times a year</em>.
Maturity of the bond ; N = 14.5*2 = 29
Semi-annual rate ; I/Y = (5.3%/2) = 2.65%
Face value ; FV = 1000
Price of the bond or PV = -1045
then compute semiannual coupon payment ; CPT PMT = $28.743
Annual coupon rate is therefore = $28.743*2 = $57.486
Coupon rate = coupon payment / face value
Coupon rate = $57.486 / 1000
= 0.05749 or 5.75%
An individual enrolled half time
Answer:
increase yields and lower debt prices
Explanation:
In a given situation like this, it implies that the Federal Reserve trading desk is temporarily selling government securities to the dealers, for the purpose of sapping them of cash. This reduces free reserves which can be given out as loans by the banks. In return, it results in a raise market interest, given that the funds are not readily available. Hence, when the interest rates rise, debt prices will fall. This type of action is taken if the government believes the economy is growing too faster than desired.
Therefore, the correct answer is "increase yields and lower debt prices"
