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Damm [24]
2 years ago
6

When Arturo Gomez opened his Mexican restaurant in a fashionable suburb of Kansas City, he believed that the most important elem

ent of his success would be promotion. He made sure that a significant portion of his budget was devoted to advertising in local papers, sent out coupons, and really focused on the promotional aspects of the restaurant. Which of the four eras of marketing does it seem that Arturo emphasized?
A. production
B. selling
C. marketing concept
D. customer relationship management
Business
1 answer:
Lady bird [3.3K]2 years ago
4 0

Answer:

B. Selling

Explanation:

Selling involves all activities both personal and impersonal, aimed at finding buyer for a particular product or service. It is also an act of targeting, informing and persuading buyers to buy a product or service.

One of the main purpose of selling is to make profit. For an individual to make profit through sales, he/she must be aggressive in terms of advertising the products either through local papers or coupons and must also employ other sales strategies in order to get consumers to buy the products.

Other purpose of selling is to address the customer's area of needs by making the products suitable to their needs available and also maintain good customer relationship afterwards.

You might be interested in
How many times may customers use the same plate at a self service buffet ?
miss Akunina [59]

Answer:

The answer is that all self serve buffets have a rule of not allowing re-serving with a dirty plate (a plate that has been used once), so customers may use a plate once at a self service buffet, afterwards they must get a clean plate.

I hope this helps!

6 0
2 years ago
Read 2 more answers
Urban’s, which is currently operating at full capacity, has sales of $47,000, current assets of $5,100, current liabilities of $
Nataly_w [17]

Answer:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

<em>Here, it can be clearly denoted that the firm does not need to raise the additional equity .</em>

Explanation:

Given :

Sales = $47,000

Current assets = $5,100

Current liabilities = $6,200

Net fixed assets = $51,500

Profit margin = 5 %

Sales are expected to increase by 3 percent next year

∴

The additional equity financing(AE) can be computed as follow:

AE = Increase in Assets - Increase in Liabilities - Profit × (1- payout ratio)

= [($51,500 + $5,100)×0.03 - ($6,200)×0.03 - ($47,000×1.03×0.05)×(1-0)]

= -$908.50

Here, it can be clearly denoted that the firm does not need to raise the additional equity .

6 0
2 years ago
Producer surplus directly measures a. the well-being of buyers and sellers. b. the well-being of society as a whole. c. the well
marissa [1.9K]

Answer:

c. the well-being of sellers.

Explanation:

A surplus is the amount by which the quantity supplied of a good exceeds the quantity demanded of the good.

Producer surplus is the amount a buyer is willing to pay for a good minus the cost of producing the good.

On the other hand, consumer surplus is the amount a buyer is willing to pay for a good minus the amount the buyer actually pays for it.

Hence, an export subsidy will increase producer surplus.

In conclusion, producer surplus directly measures the well-being of sellers.

4 0
2 years 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
A Process Breakdown Structure can provide a reasonable alternative to a Work Breakdown structure for an extensive development pr
creativ13 [48]

Answer: phase exit criteria is firmly establish

Explanation:

A work breakdown structure simply has to do with the completion of tasks in order to get the final product. The aim of the work breakdown structure is to keep project members focused and achieve their goals.

Process Breakdown Structure can provide a reasonable alternative to a work breakdown structure for an extensive development project if the phase exit criteria is firmly establish.

6 0
2 years ago
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