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OlgaM077 [116]
2 years ago
7

BENGAY aspirin, Cracker Jack cereal, Frito-Lay lemonade, and Fruit of the Loom laundry detergent are examples where consumers' _

_______ dictated that the extensions were inappropriate for the brand.
Business
2 answers:
elixir [45]2 years ago
8 0

Answer:

Brand knowledge

Explanation: Brand knowledge is a term used in Marketing and brand identity to describe the ability of a Consumer to have a clear understanding of a particular product or brand, with this understanding, the Consumer will be able to identify and remember the brand when the need arises.

With Brand knowledge consumers are able to classify brands and dictate or suggest to the brand owners what steps and actions are needed to improve its sales or what actions are hindering its progress.

Volgvan2 years ago
5 0

Answer: Brand knowledge

Explanation:

Brand knowledge are the feelings, thoughts, experiences that consumers associates with a company or business’s brand. Brand knowledge is the extent to which a brand is recognized by consumers and it is an important consideration in advertising, consumer behavior, brand management, strategy development and management. The company's brands will be developed by the consumer s based on their thoughts on how they feel about the company's products and their experiences with the company.

The ability of the consumer to recognise a brand is key to purchasing decision-making. Brand knowledge is essential for consumers in buying products. Awareness does not really mean that the consumer must know a specific brand name, but that the person must be able to recall certain features for buying to proceed.

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Trusted Products Company makes a household appliance with model number L800. The goal for 2019 is to reduce direct materials usa
ser-zykov [4K]

Answer:

Trusted Products Company

Was Trusted Products Company's strategy successful in 2019?

B) No, because operating income decreased

Explanation:

a) Trusted Products Company's Income Statements for 2018 and 2019:

                                        2018                  2019

Sales                              $9,610,000       $9,169,800

Direct Materials costs  (3,332,000)        (3,474,000)

Conversion Costs         (1,162,500)         (1,120,500)

Operating net income $5,115,500        $4,575,300

b) Sales:

2018 = 31,000 x $310 = $9,610,000

2019 = 31,620 x $290 = $9,169,800

c) Direct Materials Costs:

2018  = 98,000 x $34 = $3,332,000

2019 = 96,500 x $36 = $3,474,000

d) Conversion Costs:

2018 = $1,162,500; per capacity unit = $1,162,500/38,750 = $30

2019 = $1,120,500; per capacity unit = $1,120,500/37,350 = $30

e) Goal for 2019: Reduce direct materials usage per unit.

Direct materials usage per unit:

2018 = 98,000/31,000 = 3.16 square feet

2019 = 96,500/31,620 = 3.05 square feet

f) The goal of a reduction in direct materials usage per unit was achieved, as 2019's usage reduced to 3.05 square feet as against 2018's 3.16 square feet.  However, this did not translate to success because of the reduced selling price and the increased cost of direct materials.  These resulted in reduced net operating income from $5,115,500 in 2018 to $4,575,300 in 2019.

4 0
2 years ago
Redo the company’s income statement at the 5,000-unit level of activity using the contribution format.
adell [148]
Using the high-low method, separate each mixed expense into variable and fixed elements. State the cost formula for each mixed expense. (Omit the "£" sign in your response.) 
<span>Shipping Expense: </span>
<span>(86,200 - 45,900) / (5,100 - 2,000) = £13 variable cost per unit </span>
<span>86,200 - (13 x 5,100) = £19,900 fixed cost </span>
<span>£ Y = £19,900 + £13 X </span>

<span>Salaries and Commissions </span>
<span>(238,400 - 114,400) / (5,100 - 2,000) = £40 variable cost per unit </span>
<span>238,400 - (40 x 5,100) = £34,400 fixed cost </span>
<span>£ Y = £34,400 + £40 X </span>

<span>3. </span>
<span>Redo the company’s income statement at the 5,100-unit level of activity using the contribution format. (Input all amounts as positive values except losses which should be indicated by a minus sign. Omit the "£" sign in your response.) </span>

<span>Frankel Ltd. </span>
<span>Income Statement </span>
<span>For the Month Ended June 30 </span>
<span>Sales revenue 912900 </span>
<span>Variable expenses: </span>
<span>Cost of goods sold 346800 </span>
<span>Shipping expenses 5,100 x 13 = 66,300 </span>
<span>Commissions 5,100 x 40 = 204,000 </span>

<span>Contribution margin 295,800 </span>

<span>Fixed expenses: </span>
<span>Fixed shipping 19,900 </span>
<span>Insurance expenses 9000 </span>
<span>Depreciation expenses 42700 </span>
<span>Sales salaries 34,400 </span>
<span>Advertising expenses 69200 </span>

<span>Net operating Income 120600</span>
7 0
2 years ago
Pastel Company operates in the following lines of business which management believes have distinguishable return and risk charac
SSSSS [86.1K]

Answer:

A) Entertainment, Lodging, and Services

Explanation:

Under Generally Accepted Accounting Principles (GAAP), you need to follow these rules to report segment data:

  • If at least 10% of revenues, profit or combined assets are under one segment.
  • And together with the above the total revenue must overcome the 75% of the entity.

                         Revenues Assets Rev/Assets

Food                        500          2.000   3%

Beverages               1.300   6.000    9%

Entertainment      2.500  10.000    14%

Lodging                       5.000  20.000    29%

Services                      22.000   28.000    41%

International                700             3.000     4%

                            32.000 69.000 100%

A) Entertainment, Lodging, and Services

  • Revenues 92% of total entity.
  • Assets 84% of total entity.

8 0
2 years ago
In conducting ________, the company first identifies the major attributes that customers value and the importance customers plac
Nutka1998 [239]

Answer:

A. a customer value analysis.

Explanation:

This analysis is based on the understanding of consumers to identify and map the main attributes they look for when they satisfy a need. By conducting this analysis, the company can order the attributes and work on improving its products and services to be more appealing to consumers.

5 0
2 years ago
Which of these represents the WORST negotiating tactic you can use when purchasing a vehicle?
allsm [11]
Let the dealer know you are shopping around. Why? Because they will try to rope you in to only go through them.
8 0
2 years ago
Read 2 more answers
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