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kkurt [141]
2 years ago
9

A boat-cleaning company needs to increase its number of clients. It walks through segmentation and targeting exercises and disco

vers that the identified target segment is not addressed in its current marketing mix. What question were they trying to answer by conducting targeting and segmentation activities?
Business
2 answers:
UkoKoshka [18]2 years ago
7 0

Answer:

What am I trying to sell

Explanation:

sertanlavr [38]2 years ago
5 0

Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.

Explanation:

Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.

The company working in the niche has to target boat owners specifically, which the marketing fails to do.

<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>

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One guide to choosing a leadership approach uses a series of questions. For example, "Is decision quality highly important?" or
Sauron [17]

Answer: Vroom and Yetton's normative decision model.

Explanation:

The Vroom–Yetton normative decision model is a situational leadership theory of industrial and organizational psychology that was developed by Victor Vroom, in collaboration with Phillip Yetton and later with Arthur Jago. The situational theory argues the best style of leadership is contingent to the situation.

Regarding decision making, the Vroom-Yetton model suggests that being autocratic, seeking advice, considering alternative approaches before a decision is made, informing a group on an issue, and letting that group develop the solution without forcing your own ideas are all important at times.

5 0
2 years ago
A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $ 80 per​ tire, pa
nignag [31]

Answer:

$4,372.71

Explanation:

Here for reaching the difference in PV between the first and the second offer first we need to follow some steps which is shown below:-

Step 1

Total payment due = Per tire × Bought tires

= $80 × 600

= $48,000

Step 2

Present value factor of 8.4% for 1 year = 1 ÷ (1 + Rate of interest)^Number of years

= 1 ÷ (1 + 8.4%)^1

= 1 ÷ (1 + 0.084)^1

= 1 ÷ 1.084

= 0.92251

Step 3

First offer

Present value = Total payment due × Present value factor of 8.4% for 1 year

= $48,000 × 0.92251

= $44,280.48

Step 4

Second offer

One year payment = Bought tires × Per tire

= 600 × $45

= $27,000

Step 5

Present value = One year payment × Present value factor of 8.4% for 1 year

= 27,000 × 0.92251

= $24,907.77

Step 6

Total present value = Present value of second offer + Tires cost

= $24,907.77 + $15,000

= $39,907.77

Here we can see that first offer is higher than second offer

So,

The difference between the first and the second offer = First offer - Second offer

= $44,280.48 - $39,907.77

= $4,372.71

7 0
2 years ago
A regional airline owns 10 aircraft and employs 20 pilots. The airline makes an average of three trips per day with each of its
marishachu [46]

Answer:

a short-run decision because the number of aircraft is held constant while the labor input is changed.

Explanation:

In the short run, at least one variable or factor of production is fixed and cannot be changed. In the long run, all factors of production can be changed.

In this case, the number of aircraft is the fixed factor of production (capital) while labor is variable because more pilots can be hired. Regulation state that pilots must rest a certain amount of time in between flights, so if you want to increase the amount of flights you need to hire more pilots and cabin crews since regulations do not require planes to rest.

6 0
1 year ago
Decision Point: How Can You Help the Sales Team Better Understand the Commission Plan? You remember from your discussion with Se
Zolol [24]

Question Completion with Options:

*Re-evaluate the existing commission plan to determine whether you can eliminate the perception of unfairness. Re-evaluate the base salaries by comparing them to other upscale clothing stores.

*Put all salespeople on the same commission plan regardless of tenure. This will clearly establish a strong relationship between performance and reward for all sales personnel. Increase the base salaries of longer-tenured salespeople who have worked for Swazzi more than two years to reinforce the relationship between their experience/loyalty and their rewards.

*Travel to the stores and explain the system in detail to the sales teams. Tell them you will try to clear up any perceived unfairness once you see whether they are serious about selling

Answer:

*Put all salespeople on the same commission plan regardless of tenure. This will clearly establish a strong relationship between performance and reward for all sales personnel.  Increase the base salaries of longer-tenured salespeople who have worked for Swazzi more than two years to reinforce the relationship between their experience/loyalty and their rewards.

Explanation:

Longer-term sales personnel should be rewarded differently from newer personnel.  But, this differential reward should not be based on the sales commission.  The base salary will be more ideal for this tenure reward.  This will be in line with the Expectancy Theory which states that employees base their individual levels of effort on what is necessary to perform well and earn rewards within the workplace.   The theory also requires that the reward structure is clear with well-defined goals and routine evaluations.  The Expectancy Theory helps workers to put in their best because they are looking forward to some well-defined and clear rewards.

7 0
1 year ago
Jiminy's Cricket Farm issued a 30-year, 6.3 percent semiannual bond eight years ago. The bond currently sells for 110 percent of
pentagon [3]

Answer:

Explanation:

a.)

Book value of debt is the debt amount in Jiminy's Cricket Farm's balance sheet on the liabilities section. Total book value of debt is calculated by be the summing up of the book values of the two bonds this company has.

Book value of 30 year bond = $135,000,000

Book value of the Zero-coupon bond = $65,000,000

Total book value of debt = $135 + $65 = $200,000,000

b.)

Total market value of debt will be the sum of market values of the two bonds this company has. It is calculated by multiplying the current price of the bond by the number of outstanding bonds.

market value = Price * number of bonds

<u>30 year bond;</u>

Number: 135,000,000/1000 = 135,000 bonds

Market value = 1.10 * 1000 *135,000 = $148,500,000

<u>Zero-coupon bond;</u>

Number: 65,000,000/1000 = 65,000 bonds

Market value = 0.643 * 1000 *65,000 = $41,795,000

Total market value of debt = $148,500,000 + $41,795,000 = $190,295,000

c.)

Aftertax cost of debt is the adjusted interest rate paid on debt because of the benefit of tax shield due to leverage. Since there are two bonds, find the average of the two rates to get after tax cost of debt.

You can find the Pretax cost of debt first. Using a financial calculator, input the following;

<u>30 year bond;</u>

N = 30*2 = 60

PV = -148,500,000

PMT = (6.3%/2)* $135,000,000 = 4,252,500

FV = $135,000,000

then compute semiannual rate; CPT I/Y = 2.804%

Convert to annual rate = 5.607% (this is the pretax cost of debt)

<u>Zero-coupon bond;</u>

N = 12

PV = -$41,795,000

PMT = 0

FV = $65,000,000

then CPT I/Y = 3.749%  (this is the pretax cost of debt)

Next, find the average pretax cost of debt =  (5.607% + 3.749%) /2 = 4.678%

After tax cost of debt = pretax cost of debt (1-tax)

After tax cost of debt = 4.678% (1-0.22) = 3.65%

7 0
1 year ago
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