The full question is:
Karl's Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl's is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of these requests, Karl has entered into negotiations with three providers of high-quality rock climbing shoes and gear. What do Karl's activities show about his marketing for Karl's Sporting Goods?
Answer:
He has a marketing concept and is acting on it.
Explanation:
A marketing concept is the way by which businesses identify the needs of customers and come up with strategic ways of meeting those needs better than competing firms.
Different marketing concepts include: production concept, product concept, selling concept, marketing concept, and the societal marketing concept.
In the given scenario Karl's sporting goods only catered for fly fishers but as demand for other items increased they branched into other outdoor sport items.
He is stocking gear for swimming, rock climbing, and mountain bikers through partnership with suppliers even if they are not his primary market.
This is acting on marketing concept to be able to meet demand for the other outdoor sporting activities he does not normally supply
Simple interest formula
I=PRT
I=interest
P=principal=amount invested
R=rate in decimal
T=time in years
we are given
P=1750
R=1.9%=0.019
T=1
I=PRT
I=(1750)(0.019)(1)
I=33.25
that's how much interest
total will be $1750+interest=$1750+$33.25=$1783.25
your answer is right
Answer:
$224,000
Explanation:
The money which Berry and Mary gift to their children and grand children in 2017 without any gift tax liability is as follows:
Children:
According to the policy, they can gift up to $14,000, without gaining any gift tax liability.
So, amount given by them is $14,000 x 3 (number of children) x 2 (Barry and Mary) = $84,000
Grandchildren
:
According to the policy, Barry and Mary can gift up to $14,000 without gaining any gift tax liability.
So, amount given by them is $14,000 x 5(number of children) x 2 (Barry and Mary) = $140,000
And therefore, the total amount of estate removed from Barry and Mary's estate is as follows:
$84,000 + $140,000 = $224,000
Answer:
The degree to which the portfolio variance is reduced depends on the degree of correlation between securities is the correct answer.
Explanation:
Answer: & Explanation:
Production Budget q2
- Q2
sales 67,000
ending policy 4,050 (5% of Q3)
Beginning 3,350 (5% of current quarter)
Production 67,700 (sales + ending - beginning)
Raw materials Budget q2
Production Needs 338,500 (Units x 5)
ending policy 81,850 (20% of production q3)
Beginning 67,700 (20% of q2 production needs)
Purchase 352,650 (needs + desired ending - beginning)
