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sladkih [1.3K]
2 years ago
14

Karl’s Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and vari

ed goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl’s is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of t
Business
1 answer:
Tju [1.3M]2 years ago
3 0

The full question is:

Karl's Sporting Goods started as a small shop catering to the fly-fishing crowd but as requests were made for different and varied goods, it branched out into an outdoor-sports store. Karl caters to his core customer base of hunters and fishermen, but stocks the latest outdoor gear for those who want to incorporate other sports such as backpacking into their hunting and fishing experience. Due to space limitations, he does not carry mountain bikes, but does carry gear for them. Since Karl's is not located near the ocean or a large body of water, he does not carry wetsuits or other watersports equipment, but he does carry gear that would be required for wading in cold mountain rivers and streams, and canoes and kayaks. His marketing is directed toward hunters and fishermen, but includes activities, events, and sales aimed at bringing outdoor enthusiasts with other interests into his store. Over the past month, he has received numerous request for rock climbing gear. As a result of these requests, Karl has entered into negotiations with three providers of high-quality rock climbing shoes and gear. What do Karl's activities show about his marketing for Karl's Sporting Goods?

Answer:

He has a marketing concept and is acting on it.

Explanation:

A marketing concept is the way by which businesses identify the needs of customers and come up with strategic ways of meeting those needs better than competing firms.

Different marketing concepts include: production concept, product concept, selling concept, marketing concept, and the societal marketing concept.

In the given scenario Karl's sporting goods only catered for fly fishers but as demand for other items increased they branched into other outdoor sport items.

He is stocking gear for swimming, rock climbing, and mountain bikers through partnership with suppliers even if they are not his primary market.

This is acting on marketing concept to be able to meet demand for the other outdoor sporting activities he does not normally supply

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U.s. internet advertising revenue grew at the rate of r(t) = 0.82t + 1.14 (0 ≤ t ≤ 4) billion dollars/year between 2002 (t = 0)
MatroZZZ [7]

Answer:

f(t) = \int 0.82 t +1.14 dt

f(t) = \frac{0.82}{2}t^2 +1.14 t +C

Where C is a constant, now using the initial condition we got:

f(2)= 5.9 = 0.41 (2)^2 + 1.14*2 +C

And solving for C we got:

C= 5.9 -0.41(4) -1.14*2 = 1.98

And the function desired for the advertising revenue would be given by:

f(t) = 0.41t^2 1.14t +1.98

With f the amount in billions and the the years since 2002 to 2006.

Explanation:

For this case we have the following function who represent the revenue grew rate:

r(t) = 0.82t +1.14 , 0 \leq t \leq 4

And we want to calculate the Advertising revenue so we need to integrate the function r(t) and we can use the inidital condition t=0 , f(2)= 5.9 billion.

If we integrate the function we got:

f(t) = \int 0.82 t +1.14 dt

f(t) = \frac{0.82}{2}t^2 +1.14 t +C

Where C is a constant, now using the initial condition we got:

f(2)= 5.9 = 0.41 (2)^2 + 1.14*2 +C

And solving for C we got:

C= 5.9 -0.41(4) -1.14*2 = 1.98

And the function desired for the advertising revenue would be given by:

f(t) = 0.41t^2 1.14t +1.98

With f the amount in billions and the the years since 2002 to 2006.

5 0
2 years ago
Short Corporation acquired Hathaway, Inc., for $52,000,000. The fair value of all Hathaway's identifiable tangible and intangibl
Neporo4naja [7]

Answer:

correct option is a $0

Explanation:

given data

Acquisition value = $52,000,000

Fair value assets = $48,000,000

to find out

What is the annual amortization of goodwill for this acquisition

solution

we know that annual amortization of goodwill on a straight line basis over 40 years before 2001

and  FASB also issue statement about that it does not allow automatic amortization of goodwill

so it will be zero here as goodwill is not amortized here

so correct option is correct option is a $0

4 0
2 years ago
Asa works as an order-taker at Simply Salads, a fast-food restaurant. He does not cook food, or even package the final order, bu
Tanzania [10]

Answer:

Mechanistic

Explanation:

Mechanistic is the correct answer as it is clearly mentioned that the person just placed the order and takes the payment which very categorically means that intervention in the entire process is quite less which is the basic definition of Mechanistic unlike the other given options.

8 0
2 years ago
Read 2 more answers
After being influenced by frequent advertisements, Jeremy buys a new cell phone. However, he discovers that the new cell phone d
svetlana [45]

Answer: The actual value

                             

Explanation: In simple words, actual value refers to the utility satisfaction that a customer receives after purchasing a product.

The only difference between perceived value and actual value is that while calculating perceived value the customer compares his product with other product . However, while calculating actual value he only compares the existing performance with his or her expectations.

In the given case, Jeremy feels the product he buy is no as useful as he thought. Hence it lacks actual value.

5 0
2 years ago
Blossom Enterprises reported cost of goods sold for 2020 of $1,517,400 and retained earnings of $5,576,300 at December 31, 2020.
Inga [223]

Answer:

$1,448,350 ;  $5,539,760        

Explanation:

The corrected amount is as follows

For cost of goods sold

= Reported cost of goods sold - overstated value of ending inventory in year 2019 + overstated value of ending inventory in year 2020

= $1,517,400 - $105,590 + $36,540

= $1,448,350    

For retained earnings

= Reported retained earning -  overstated value of ending inventory in year 2020

= $5,576,300 - $36,540

= $5,539,760          

8 0
2 years ago
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