1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DanielleElmas [232]
3 years ago
6

True/False

Business
1 answer:
Elanso [62]3 years ago
5 0

<em>The answer is </em><em>FALSE.</em><em> </em>

<em>Relationship marketing is much important compared to maintaining databases of customer's information for mass marketing. A good relationship to clients can be a good promotion tool and technique compared to sending them promotional ads via email, SMS and social media sites. A word of a mouth is more powerful and personal compared to digital media. If the reputation of the company is good to some clients, then it will create good impression to other potential clients and to the people they know. If the company has a good impression, good attitude employees with good products, it will surely help to the company's revenue.</em>

You might be interested in
The shape of the production function reflects the law of diminishing marginal product of labor.a. Trueb. False
Anna35 [415]

Answer: True

Explanation:

Looking at the Production Function you will notice that Output increases at different rates to input added. First output increases at an increasing rate then at a constant rate then at a decreasing rate.

This shows the concept of the Law of Diminishing Marginal returns because as more input(labor) was added, at some point the output started increasing at a decreasing rate till it gets to a point where marginal returns will be negative.

The reason for this is that each worker is now working with less capital than before (assuming capital doe not change) and so will only produce less.

5 0
2 years ago
A producer of felt-tip pens has received a forecast of demand of 31,000 pens for the coming month from its marketing department.
atroni [7]

Answer:

  • a. <em>Break-even quantity:</em> <u>28,000 pens</u>

  • b<em>. Price</em>: <u>$1.51 per pen</u>

Explanation:

1. Break-even quantity

<u>a) Revenue, R(x)</u>

The  monthly revenue is the product of the price by the number of units sold in the month.

Naming x the number of pens sold in the month:

  • R(x) = $1 × x = x

<u>b) Cost, C(x)</u>

<u />

The monthly cost is the sum of the fixed cost per month plus the variable costs:

  • C(x) = $21,000 + 0.25 × x = 21,000 + 0.25x

<u>c) Break-even</u>

Break-even is the point when the revenue and the total costs are equal, this is, when the profit is zero. Write the equation and solve:

  • x = 21,000 + 0.25x
  • x - 0.25x = 21,000
  • 0.75x = 21,000
  • x = 21,000 / 0.75
  • x = 28,000

Hence, the break-even quantity is 28,000 pens.

2. Price pens must be sold to obtain a monthly profit of $18,000

Profit = Revenue - Total cost

  • P(x) = R(x) - C(x)

  • P(x) = x.p - [ 0.25x + 21,000]

Where p is the price.

  • P(x) = x.p - 0.25x - 21,000

Substitute the quantity demanded, x, with 31,000, and the profit, P(x) with 18,000:

  • 18,000 = 31,000p - 0.25(31,000) - 21,000

Solve for p and compute:

  • 31,000p = 18,000 + 7,750 + 21,000

  • 31,000 p = 46,750

  • p = 1.51

That is $1.51 per pen.

4 0
2 years ago
Sam has been directed to study the demographic, economic, political, and cultural forces that affect an organization. In this in
viva [34]

Answer:

Macro environment

Explanation:

The macro environment refers to external factors of the organization that can affect its performance and results. For a company it is important to study this factors to know the environment in which it is going to work and be able to develop strategies and goals that adjust to this.

5 0
3 years ago
Intelligent Tool Corp. is planning to set up a production plant abroad. It has selected five potential countries based on their
Alex_Xolod [135]

Answer:

e. Country B, where education is well-developed and social stratification is lacking.

Explanation:

Country B will be the best option because the population is well-developed in terms of education, so there will be availability of skilled labour for the production plant.

Also lack of social stratification means there is no well-developed social stratification into upper, middle, and lower classes. Success will be due to individual achievement, so the people will be motivated to work hard and exploit the opportunity of growing in the new production plant.

5 0
3 years ago
Why do nations often impose trade barriers that make it difficult for their own citizens to trade with people in another country
melisa1 [442]

Answer:

The correct answer is d. Trade restrictions often provide benefits to highly visible special interest groups while imposing a less visible cost on the general populace.

Explanation:

A trade restriction is an artificial restriction to the exchange of goods and / or services between two countries. It is the byproduct of protectionism. However, the term is controversial because what a party can see as a trade restriction can be seen as a way to protect consumers from inferior, harmful or dangerous products. For example, Germany demanded that beer production adhere to its purity law. The law, originally implemented in Bavaria in 1516 and eventually converted into a law for the newly unified Germany in 1871, meant that many foreign beers could not be sold in Germany as "beer." This law was annulled in 1987 by the Court of Justice of the European Union, but remains voluntarily followed by many German breweries.

7 0
2 years ago
Other questions:
  • What is the New York Stock Exchange? A. The world's largest exchange for trading stocks and other securities B. An indicator of
    13·2 answers
  • Dom, an EZ Baked Goods salesperson, follows Flora, a salesperson for Goody Pastries, Inc, as she attempts to make sales to food
    7·1 answer
  • Why do credit cards not want you to pay your balance in full? explain the costs associated with a credit card.
    11·1 answer
  • A career plan should include all of the following EXCEPT:
    11·2 answers
  • The company's president is disappointed with the forecast and would like to see Swann generate higher sales and a forecasted net
    8·1 answer
  • Writing a check on an account with insufficient funds is allowed under certain conditions.
    8·1 answer
  • Partnership XYZ distributed a piece of land in a nonliquidating distribution to Bob, a 50% partner, during the current taxable y
    12·1 answer
  • Suppose a senator introduces a bill to legislate a minimum hourly wage of $6. This type of price control is called a
    10·2 answers
  • Describe 'the market place' ​
    14·1 answer
  • Select the question that can be answered using only raw data. Multiple choice question. Which of the perishable items used by a
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!