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kupik [55]
2 years ago
9

Which term refers to the distinctive benefits that make a product different than any other

Business
1 answer:
Oksana_A [137]2 years ago
4 0

Answer:

Unique Selling Proposition (USP)

Explanation:

A unique selling proposition or unique product approval is a distinctive consumer motive, an alternative to image and “entertaining” advertising. USP is a part of the competitive advantage on the basis of which the client chooses a company or product (based on the properties of the product or service).

A unique selling proposition, according to the original theory, consists of three parts (implies the application of all approval points at the same time):

-Each advertising message contains an appeal to the buyer with a promise of specific benefits.

- The offer is formed in such a way that the competitor either cannot give it, or did not manage to put forward earlier.

-Offer must have great power to attract as many consumers as possible.

In marketing, the USP strategy is considered one of the main rational strategies for communicating with potential buyers, a strategy for advertising products.

-USP is determined not only by what is inherent in the product itself;

-USP is determined by what and how it is said about this product in advertising.

In order to skillfully use the UTP strategy in modern conditions, it is important for marketers to understand what kind of statements about a product are perceived as unique, and to be able to predict the features of perception of such advertising.

The task of the marketer, in relation to the USP, is the need:

-assessment of the conformity of the marketing proposal to the consumer's established notions of the integrated quality of the goods.

- anticipate unwanted reactions of potential consumers and try to neutralize them;

- evaluate the uniqueness of the competitors' offer and use a counter-proposal in communication or reveal another uniqueness;

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Winn Co. sells subscriptions to a specialized directory that is published semiannually and shipped to subscribers on April 15 an
sergeinik [125]

Answer:

O $ 900,000

Explanation:

When a fee is received in advance for a service yet to be rendered, the revenue for such fee is said to be unearned. The entries required are

Debit Cash account and Credit Unearned fees or deferred revenue.

As the service is performed and the revenue is earned, debit Unearned fees and credit revenue.

Given that

  • the specialized directory that is published semiannually and shipped to subscribers on April 15 and October 15 and
  • Subscriptions received after the March 31 and September 30 cutoff dates are held for the next publication and
  • Cash from subscribers is received evenly during the year and is credited to deferred subscription revenue

The amount to be deferred is the sum of the amounts collected after September 30 (from October to December year 2

= 3/12 * $3,600,000

= $900,000

4 0
2 years ago
A project with an initial investment of $460,100 will generate equal annual cash flows over its 11-year life. The project has a
seropon [69]

Answer: $65,075.85

Explanation:

Given that the cash flow should be constant, it will be an annuity.

The initial investment will be the present value of this annuity.

Present value of annuity = Annuity * ( 1 - (1 + rate)^-number of periods) / rate

460,100 = Annuity * ( 1 - (1 + 8.2%) ⁻¹¹) / 8.2%

460,100 = Annuity * 7.070211525

Annuity = 460,100 / 7.070211525

= $65,075.85

4 0
1 year ago
At the beginning of the current period, Oriole Company had balances in Accounts Receivable of $191,500 and in Allowance for Doub
Dmitriy789 [7]

Answer:

The Journal entries are as follows:

(a) (i) Accounts receivable A/c    Dr. $782,000

To sales revenue                                           $782,000

(To record sales)

(ii) Cash A/c   Dr. $697,920

To Accounts receivable       $697,920

(To record receipt)

(b) Allowance for doubtful accounts    Dr. $6,591

To Accounts receivable                                           $6,591

(To record the write-off of uncollectible accounts)

(c) (i) Accounts receivable A/c    Dr. $2,948

To Allowance for doubtful accounts               $2,948

(To reinstate account previously written off)

(ii) Cash A/c         Dr. $2,948

To Accounts receivable        $2,948

(To record receipt)

(c) Bad debt expense [$23,400 - $6,197] A/c    Dr.  $17,203

To Allowance for doubtful accounts                                    $17,203

(To record bad debt expense for the period)

Ending balance in accounts receivables:

= Opening balance + sales on account during the period - Collection during the period - write off during the period

= $191,500 + $782,000 - $697,920 - $6,591

= $268,989

Allowance for doubtful accounts unadjusted balance:

= $9,840 + $2,948 - $6,591

= $6,197

Ending balance in Allowance for Doubtful Accounts = $23,400

7 0
2 years ago
Friends International is an NGO that fosters greater cultural awareness and understanding by arranging for people of different b
bulgar [2K]

Answer:

Dr Travel Expenses 40,000

Cr Prepaid Expenses 40,000

Explanation:

Friends International

Dr Travel Expenses 40,000

Cr Prepaid Expenses 40,000

Travel Expense for $40,000 was been DEBITED in order to recognize the expense associated with the use of the tickets and cPrepaid Expense for $40,000 was been CREDITED because the company no longer has the right to receive benefits from the prepaid tickets.

6 0
2 years ago
Rita and Jose Hernandez want to assess their financial progress over the next few years. They have decided to take a reading of
Soloha48 [4]

Answer:

C. Balance sheet

Explanation:

If Rita and Jose want to assess their progress overtime and they want to read their status each year so, should prepare balance sheet for each year because balance sheet represent the organization's financial position. It tells us that what an organization had over the past years of business. All the income and losses of each year is accumulated in the balance sheet to show the net position at a point of time. Cash flow and federal income tax return are prepared to show the data specific period only.

8 0
2 years ago
Read 2 more answers
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