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Luda [366]
2 years ago
8

Stephanie has been segmenting the market to help her grow her catering business. She is now at final stage in the segmentation p

rocess, and she will develop profiles for the customer groups. Why is this important
Business
1 answer:
Pavlova-9 [17]2 years ago
7 0

Market segmentation to help Stephanie grow her catering business is important as profiling for groups of customers helps marketers develop communication and promotion plans to reach that specific group of customers.

<h3 /><h3>What is market segmentation?</h3>

Corresponds to the study and research of potential consumers in a market that seeks to divide them into different groups that have similar characteristics, such as preferences and needs, to identify the target audience most aligned with a company's business.

Therefore, through market segmentation, a company is able to identify its potential consumer in a heterogeneous market, being a marketing tool that helps in aligning products and services to consumer needs and desires.

Find out more about market segmentation here:

brainly.com/question/8903427

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Suppose the black market shrinks because firms shift to the formal sector, but production remains the same. GDP
nikdorinn [45]

Answer: will increase but this will not affect living standards

Explanation:

GDP is sometimes called an incomplete measure because there are certain measures that it does not include such as the black market.

If firms in the black market shift to the formal sector, they will now be included in GDP which means that GDP will increase.

The living standards of people in the country will probably not change however because the firms involved were simply shifting sectors and are not said to be more or less prosperous as a result. Assuming they remained the same, nothing changes for living standards.

4 0
3 years ago
A company has decided to discontinue a component of its business but, when the reporting period ends, the component has not yet
azamat

Answer: income from operations for the year and the amount by which the component’s fair value less cost to sell is less than book value

Explanation:

Discontinued operations is simply and accounting term which means the parts of the core business of a company that have either been shut down or divested.

With regards to the question, the amount that the company would report as income from discontinued operations would be the income or loss that was gotten from operations, that is revenues, the expenses, gains and the losses and the impairment loss.

Therefore, the correct answer will be option B "Income from operations for the year and the amount by which the components fair value less cost to sell is less than the book value".

5 0
2 years ago
Beck Company has inventory of​ $725,000 in its stores as of December 31. It also has two shipments in transit that left the​ sup
FrozenT [24]

Answer:

Total Inventory            $899,000

Explanation:

Inventory at hand            $725,000

Inventory in transit     $102,000

Inventory in consignation   $72,000

Total Inventory            $899,000

<u>Notice:</u>

<em> The first cargo </em>is under term FOB destination, which means the goods are still property of the seller, so are not part of Beck company's yet.

<em>While the second cargo</em> is fob shipping point, Beck assume possesion of the gods as soon as they enter the dock.

3 0
3 years ago
A manufacturing company reports the following items: Finished goods inventory beginning balance: $1,000; Finish goods inventory
Nina [5.8K]

Answer:

The cost of goods sold is $4,800

Explanation:

Given,

Beginning Inventory = $1,000

Ending Inventory = $1,200

Cost of goods manufactured = $5,000

Cost of goods sold = Beginning Inventory + Cost of goods manufactured - Ending Inventory.

Cost of goods sold = $1,000 + $5,000 - $1,200

Cost of goods sold = $4,800

8 0
2 years ago
The existence of ending Work In Process Inventory necessitates the use of the 5minusstep process costing procedure. true or fals
tensa zangetsu [6.8K]

Answer:

The statement is: True.

Explanation:

The Work In Progress (WIP) Inventory represents the sources needed during the production of a good. While calculating costs for those sources it is necessary to follow the 5-steps of process costing which are the following:

<em>1)</em><em>  Determine the flow of units generated. </em>

<em>2)</em><em> Adjust the inventory to calculate the equivalent units. </em>

<em>3)</em><em> Identify the total cost. </em>

<em>4)</em><em> Calculate the average cost per equivalent unit. </em>

<em>5)</em><em> Record these costs to finished units and Work in Process units.</em>

8 0
3 years ago
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