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scoray [572]
2 years ago
9

Fuji film sponsored a beach volleyball tournament in February in Laguna Beach, CA. They paid over $300,000 to be the official sp

onsor of the tournament and were extremely upset when Kodak, who was not an official sponsor, showed up right outside the venue and began marketing Kodak products. What made it even worse was that Kodak used unconventional marketing techniques that really caught people's attention. A group of Kodak employees painted their entire bodies yellow and wore Kodak shorts. Then, they offered people Kodak digital cameras and told them they could win a free Kodak camera if they took the goofiest picture. Kodak was using which two marketing techniques?
Business
1 answer:
maw [93]2 years ago
6 0

Answer:

Kodak is using ambush marketing and guerrilla marketing.

Explanation:

Ambush marketing is where a business tries to associate itself with an event that is officially sponsored by a rival business. The beach volleyball tournament has Fuji film as its official sponsor. However, a direct competitor, Kodak, begins marketing its products outside the venue, thus benefiting from the event even though Fuji film paid a huge amount in its sponsorship. This is a classic example of ambush marketing.

Guerrilla marketing involves the use of unconventional or unusual methods to promote a product. Kodak adopts this technique by having its employees paint their entire bodies yellow to draw attention. Moreover, Kodak offers rewards to people for taking the goofiest pictures, again employing an unconventional technique to promote Kodak cameras.

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George is an employee at a company that provides information technology solutions to other firms. Recognizing his potential to i
Damm [24]

The answer to the question is competition.

It seems that George is set up by his company to become a competition to the customers’ of the company. This is because George is told to develop a new smart phone application so that his company will have a unique competitive advantage from the other firms. This would lead to his company’s better performance in the future.

3 0
2 years ago
As a graduating senior, Chun Kumora of Manhattan, Kansas, is eager to enter the job market at an anticipated annual salary of $5
sammy [17]

Answer:

a. Chun Kumora's salary in ten years=$72,571.48

b. Chun Kumora's salary in twenty years=$97,530.01

c. Amount of raise Chun needs to receive next year=$1,620

d. Amount of raise Chun needs to receive the year after=$3,288.60

Explanation:

When choosing a career, there are various factors that need to be considered. One such factor is the salary. The expected salary should match with the salary average salary in the market. In our case, the annual salary is expected to be $54,000, but in order to estimate future salary requirements, the inflation rate has to be considered since the value of money reduces with time. Lets solve Chun Kumora's case as follows;

a. Salary in ten Years

The future value of the $54,000 salary in ten years while accounting for inflation can be expressed as;

F.V=P.V(1+r)^n

where;

F.V=future value

P.V=present value

r=inflation rate

n=number of years

In our case;

F.V=unknown, yet to be determined

P.V=$54,000

r=3%=3/100=0.03

n=10 years

replacing;

F.V=54,000(1+0.03)^10

F.V=54,000(1.03)^10

F.V=$72,571.48

Chun Kumora's salary in ten years=$72,571.48

b. Salary in twenty Years

The future value of the $54,000 salary in twenty years while accounting for inflation can be expressed as;

F.V=P.V(1+r)^n

where;

F.V=future value

P.V=present value

r=inflation rate

n=number of years

In our case;

F.V=unknown, yet to be determined

P.V=$54,000

r=3%=3/100=0.03

n=20 years

replacing;

F.V=54,000(1+0.03)^20

F.V=54,000(1.03)^20

F.V=$97,530.01

Chun Kumora's salary in twenty years=$97,530.01

c.

Amount of raise Chun needs to receive next year;

In our case;

F.V=unknown, yet to be determined

P.V=$54,000

r=3%=3/100=0.03

n=1 year

replacing;

F.V=54,000(1+0.03)^1

F.V=54,000(1.03)^1

F.V=$55,620

Raise=Amount next year-current amount

where;

Amount next year=$55,620

current amount=$54,000

replacing;

Raise=56,620-54,000=$1,620

d.

Amount of raise Chun needs to receive the year after;

In our case;

F.V=unknown, yet to be determined

P.V=$54,000

r=3%=3/100=0.03

n=2 year

replacing;

F.V=54,000(1+0.03)^2

F.V=54,000(1.03)^2

F.V=$57,288.60

Raise=Amount next year-current amount

where;

Amount next year=$57,288.60

current amount=$54,000

replacing;

Raise=$57,288.60-54,000=$3,288.60

7 0
2 years ago
A company currently makes a component used in production. The per unit costs incurred to make the component include: Direct mate
elixir [45]

Answer:

The company should make the components because incremental costs are $2 less than the purchase price

Explanation:

The cost of making each unit of component = Direct Labour + Direct Material + Variable Overhead*

*The overhead cost of $4 contains both a fixed and variable element. It has been mentioned that 25% of overhead cost is incremental i.e. it increases with each additional unit produced (marginal cost). The incremental cost is the variable element.

Variable element = $4 x 25% = $1

Fixed element = $4 x 75% = $3

Thus, the cost of making each unit of component = $5 + $2 + $1 = $8,

whereas the cost of purchasing each unit of complement is $10. Hence, the company should produce the component as it is less by $2 ($10 - $8) to produce than it is to purchase.

5 0
2 years ago
Galvatron Metals has a bond outstanding with a coupon rate of 6.3 percent and semiannual payments. The bond currently sells for
monitta

Answer:

4.09%

Explanation:

For computing the after cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:

Given that,  

Present value = $1,919

Future value or Face value = $2,000  

PMT = 2,000 × 6.3% ÷ 2 = $63

NPER = 17 years × 2 = 34 years

The formula is shown below:  

= Rate(NPER,PMT,-PV,FV,type)  

The present value come in negative  

So, after applying the above formula,

1. The pretax cost of debt is 3.35% × 2 = 6.70%

2. And, the after tax cost of debt would be

= Pretax cost of debt × ( 1 - tax rate)

= 6.70% × ( 1 - 0.39)

= 4.09%

5 0
2 years ago
Glenville Company has the following information for April: Cost of direct materials used in production $280,000 Direct labor 324
ankoles [38]

Answer:

Part 1 . Determine the cost of goods manufactured

Direct materials                                                                        $280,000

Direct labor                                                                               $324,000

Factory overhead                                                                     $188,900

Add Opening Stock of Work In Progress Inventory              $72,300

Less Closing Stock of Work In Progress Inventory                 $76,800

Cost of Goods Manufactured                                                  $788,700

Therefore cost of goods manufactured is $788,700

Part 2 . Statement of Cost of Goods Manufactured

Opening Stock of Finished Goods Inventory                            39,600

Add Cost of Goods Manufactured                                             788,700      

Less Closing Stock of Finished Goods                                       (41,200)

Cost of Goods Manufactured                                                       787100

Explanation:

Part 1 . Determine the cost of goods manufactured

This is a calculation of all Overheads Incurred in the  Manufacturing process

Part 2 . Statement of Cost of Goods Manufactured

It is Important to note that Glenville Company is in the Manufacturing Business and their Cost of Sales cost from cost of Finished Goods.This would be the statement available for external use

5 0
2 years ago
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