Answer: False
Explanation:
The Code of Ethics and the Code of Conduct are standards that employees must adhere to. Code of Ethics are policies outlined by the top executives in organizations which are designed to guide employees to carry out business activities with integrity and honesty. The code of ethics describes the vital values of the organisation and helps workers know the right and wrong things.
Code of Conduct expresses the behavior and practices that is required of an individual to become a member of a profession or organisation. The code sets out the rules of the organization and members who violates it are punished. Examples are dressing, punctuality etc.
To find: Breakeven point (in units)
Given: Number of hams sold = 11000
Sales revenue = $220,000
Variable cost = $55,000
Fixed cost = $24,000
Solution: Break-even point (in units) can be calculated as:-
Fixed costs / (sales price per unit-variable costs per unit)
Fixed costs = $24,000
Sales price per unit = total sales revenue/number of units = 220000/11000 =
$20
Variable costs per unit = total variable cost/number of units = 55000/11000 = $5
Putting values in the formula,
=24000 / (20-5)
=24000/15
=1600
Breakeven point (in units) = 1600 units
Answer:
they have the prime market I think? I don't see any options on here to know what direction the question is going.
Answer:
Selling
Explanation:
Marketing refers to the process of designing , promoting and distributing products and services driven by an objective of customer satisfaction, achieved through satisfaction of customer wants in the best possible manner.
Following are the four eras of marketing:
- Production era: This era was characterized by abundant raw materials, new mechanical methods. Herein, companies majorly dealt in a single product and marketing efforts were confined to brochures or catalogs.
- Selling era: In this era companies began focussing upon gaining a competitive edge, characterised by campaigns and customer needs assumed importance.
- Brand Marketing: Herein the position of a brand manager was created to assume responsibility for all brand related activities which included it's marketing and competition became intense.
- Relationship Marketing : Under this era which is the current era, the focus of marketers has shifted to customer needs, maintaining good business-customer relationships and their ultimate satisfaction.
The given case corresponds to the selling era, wherein promotion has been emphasized with significant portion of the budget being allocated to such activity.