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andreev551 [17]
2 years ago
6

General Mills collects data on​ sales, customer​ information, preferences, and a host of other information related to the​ Go-gu

rt product. General Mills most likely uses​ a(n) _____________ to collect and store this data.
Business
2 answers:
Yuri [45]2 years ago
6 0

<u>General mills collect data on sales, customer information, preferences, and a host of other information related to the Go-gurt product. General mills most likely use a marketing information system to collect and store this data.</u>  

Further Explanation:

Marketing Information system:

A marketing information system is a type of management process which can be utilized to store and collect the data. This is a formal technique to collect and store the data. The company general mills used this technique of storing data.  

Following are the sources where the company can collect and store the data:

• Sales

• Customer information

• Customer preferences

This system is important because it strengths the company about which product is more demanded in a particular market in a particular period. It is also taken into consideration, the specific needs of the customer. As the data is directly collected from the customer, there is no discrepancy in the product need by the customer and the produced goods of the customer.  

Learn more:

1. Learn more about resource management activity

<u>brainly.com/question/10700933 </u>

2. Learn more about management characteristics

<u>brainly.com/question/10649225 </u>

3. Learn more about demand and supply

<u>brainly.com/question/11045011 </u>

Answer details:

Grade: Middle School

Subject: Marketing

Chapter: Marketing information system

Keywords: general mills, collect, data on sales, customer information, preferences, Go-gurt product, marketing information system, strengths, company, specific needs, customer, formal, utilized.

kvv77 [185]2 years ago
4 0

General Mills is most likely using marketing information system in collecting and storing data. A market information system is being used in order to support the decision making of the market in which the data is composed of stored, analyzed and gathered data in which is being distributed to the managers.

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7 0
2 years ago
John’s home is up for sale. He originally bought it five years ago for $300,000. Its current value is $350,000. His real estate
Mumz [18]

Answer:

Market value

Explanation:

The market value of a product is the price at which a buyer is willing to purchase a good irrespective of prevalent price of a commodity. It is that amount a buyer and seller are willing to strike a deal for given normal market conditions.

In this scenario John originally bought his five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000.

Despite the house now being $350,000, $365,000 is the market price at which the buyer and seller are willing to settle.

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2 years ago
1. TV Market (Make sure to include a graph and an analysis (causation) as well as the assumptions you are making to support your
grin007 [14]

Answer:

Sorry ............ have no idea

4 0
1 year ago
Your father helped you start saving $20 a month beginning on your fifth birthday. He always made you deposit the money into your
Inessa05 [86]

Answer:

0.0515 or 5.15%

Explanation:

Given that

Monthly saving (C) = $20

Time (n) = 17 years ×  12 months = 204 months

Future value (F) = $6,528.91

Using Future value if annuity due formula:

F = C × (1+r) × [{(1+r) ^n - 1 } ÷ r ]

$6,528.91 = $20 × (1+r) ×[{(1+r) ^204 - 1 } ÷ r ]

After solving this, the r value is

= 0.004288

Now

The annual rate of return is

= 0.004288 × 12 months

= 0.0515 or 5.15%

We simply applied the above formula to get the rate of return

8 0
2 years ago
The Buttercrust Pizza Company sells pizzas in two different sizes—medium and large. The number of medium pizzas sold is twice th
Ivenika [448]

Answer:

False

Explanation:

The weighted average contribution margin is calculated by multiplying individual contribution margin with respective size pizzas (i.e number of units sold) then total contribution margin (i.e of both medium and large size) is divided upon total number of units sold, see as follows:

According to Buttercrust Pizza company's sales data medium pizzas sold are twice the number of large pizzas. Now here we have to take an assumption since we aren't given actual sales units. Keeping in mind the sales data we can assume that 100 units of medium pizzas and 50 units of large pizzas are sold during the period.

Contribution margin of medium pizza: (CM× units of medium size pizzas)

Contribution margin of large pizza: (CM× units of large size pizzas)

Contribution margin of medium pizza: $10× 100 = $1000

Contribution margin of large pizza: $22× 50 = $1100

Total contribution (of both pizza sizes) = $2100

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The weighted average contribution margin is calculated as follows:

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WACM= $14

(Disclaimer: the solution of this question has been concluded using self-induced assumptions.)

4 0
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