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Vikki [24]
1 year ago
14

Randy owns a shoe company and recently retooled his company's marketing mix strategy. His new target market is wealthy, craftsma

n-quality-seeking younger individuals. He has hired more craftsmen in his factory, purchased premium materials to construct high-quality shoes and will distribute the shoes through Nordstroms, Zappos, and his own website. Shoe prices now begin at $500 and up. What promotion strategy would support the rest of his marketing mix decisions?
Business
2 answers:
koban [17]1 year ago
7 0

Answer:

C- Partner with a young celebrity

Explanation:

omeli [17]1 year ago
5 0

Answer:

To partner with a well connected socialite and older couple to endorse in his brand.

Explanation:

As Randy owns the shoe company, he has the right to change and decide the marketing strategies and also the mixes for the brand. He decides to fully change the market targeted for his brand. He now starts to focus on the old and wealthy skilled craftsman who seeks only quality. Thus now he needs to advance and take forward his new marketing mix, and target his new market. So, one of the best way or strategy is that he can use to support of his marketing mix is to make and ask an older and well connected and known socialite couple, of his partner,  to endorse and to promote his brand of his company in the market or even in the society. This will help him promote his new exclusive shoes collection and also he can target the old wealthy seekers easily.

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In the long run a company that produces and sells laundry detergent incurs total costs of $2,500 when output is 1,250 units and
Schach [20]

Answer:

The correct answer is a) economies of scale

Explanation:

Economies of scale are when a company increases the production or associate with other company, to obtain a better price to reduce the cost of production. This happens because costs are spread over a larger number of goods.

Example:

Company A, require apples to produce his final product. And the provider has a price for each apple, however, if you buy more than 100, he gives you a discount of 5%. Company A can´t afraid this, because it just needs 50 apples per production.

The solution for the company is trying to expand the market, become efficient, to duplicate his production and obtain the discount. Or associate with Company B that needs 50 apples too, to obtain the discount and reduce his cost.  (1 big purchase is better than 2 small purchases)

8 0
1 year ago
4. College logo T-shirts priced at $15 sell at a rate of 25 per week, but when the bookstore marks them down to $10, it finds th
Lana71 [14]

Answer: PED = -1.665

The price demand elasticity is relatively elastic because PED is greater than 1..(ignore the minus sign)

Explanation:

Using the formula PED = % change in quantity/ % change in price

PED = ((Q1 - Q0)/(Q1 + Q0))/((P1 -P0)/(P1+P0))...EQU 1 where Q1 = 50 is quantity of product at Price P1 =10 and Q0 = 25 is quantity of product at Price P0 = 15 and PED is price of elasticity

Substituting figures into equ1

PED = ((50 - 25)/(50+25)) /((10 -15)/(10+15))

PED = -1.665

7 0
2 years ago
Lori recently quit her job and decided to start her own company, which will sell makeup to small beauty salons. What should she
dedylja [7]

Lori has already decided she wants to sell beauty products and market them to small beauty salons. She now needs to decide how she wants to price her product so that the beauty salons will buy it. Option B. decide how to price her product is the next step that Lori should take. After she decided the price, she will have the what, where and how much and then she can move on to how she will advertise her product to the small beauty stores.

5 0
1 year ago
Read 2 more answers
For each of the following independent situations, indicate the reason for and the type of financial statement audit report that
Nimfa-mama [501]

Answer:

a. Standard inadequate review report

Standard inadequate review report ought to be given right now according to U S GAAP an organization can picked either LIFO or FIFO stock technique for inventories held in U S Also, there doesn't appear to be any issue in utilizing a non-GAAP strategy for inventories held in remote activities  

b. Standard unfit review report  

As the lawful insight has guaranteed that the body of evidence against S Software has no merit, it would have no impact on the fiscal summaries of the organization. In this manner, no disclosure is required comparable to the case  

c. Unfit report remembering an illustrative section for change for bookkeeping head  

The change in bookkeeping treatment a the auxiliary is because of limitations on repatriation of income put on all outside claimed organizations in Panama Therefore, it is adequate and no compelling reason to qualify the report However, a logical section ought to be added to the report clarifying the adjustment in bookkeeping head  

d. Inadequate report including

lanatory paragaph for change in bookkeeping head  

e. Standard inadequate review report  

As the adjustment in the administration lives for deterioration purposes on automobiles is legitimized, a standard inadequate review report ought to be given  

f. Standard unfit review report  

Right now, blunder was accidental and the administration fittingly remedied the mistake before the finish of field work Therefore, a standard inadequate review report ought to be given  

g. Qualified review report including a disclaimer of feeling.  

Right now, examiner possesses 10 percent of the organization's stock Therefore, the reviewer will be not viewed as free as there is an irreconcilable circumstance Thus, a certified review report including a disclaimer of conclusion ought to be given  

h. Adverse review report  

It is obvious from the survey of credit portfolio that there would be a significant increase in the advance misfortune save Al, writedown of the advances will place the customer into infringement of the state's capital requirements Therefore, plainly a going-concern issue to However, the customer is refining to make changes in accordance with disclose the conceivable going concern issue in the notes to the fiscal reports In such case, the evaluator should give an unfriendly review.

4 0
1 year ago
Stangol Co. uses process costing to account for the production of highlighter pens. Direct materials are added at the beginning
Otrada [13]

Answer:

$55,565.76

Explanation:

Calculation for the value of ending inventory using the weighted average method

First step is to find the Equivalent units

Equivalent units = (4,800 × 50%)

Equivalent units = 2,400

Second step is to find the conversion costs

Conversion costs (4,800 × 100%)

Conversion costs= 4,800

Last step is to calculate for the value of ending inventory

Ending inventory= ($8.91 × 2,400) + ($7.1212× 4,800)

Ending inventory=$21,384+$34,181.76

Ending inventory=$55,565.76

Therefore the value of ending inventory using the weighted average method would be closest to: $55,565.76

7 0
1 year ago
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