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Amiraneli [1.4K]
1 year ago
9

All businesses have to perform certain functions to sell their products or services and achieve success. Marketing the product o

r service plays an important role in achieving success. Marketing functions are those activities that an organization performs to meet its marketing objectives. Research online and describe any three marketing activities (such as distribution, financing, marketing information management, pricing, selling, promotion, and product/service management), that businesses must perform to achieve their marketing goals. How important are these interrelated functions to business success?
Business
2 answers:
Maru [420]1 year ago
5 0

Answer:

Very important

Explanation:

As supply chain management traditionally has focused on sourcing components, materials and other supplies as well as distribution. Marketing plays an increasingly important role in the process; it balances procurement by providing essential demand information and building the relationships that help improve the efficiency of supply chain operations

Therefore marketing functions as: promotion (inform the benefit of a product ) - pricing (stablish the correct price that comunicates to the intended market) -  marketing information management (monitoring the marketplace, organizing and analyzing the results of data collection, and developing strategies for future marketing activities).

liubo4ka [24]1 year ago
3 0

<u>Answer:</u>

<em>Marketing helps sell your products and services in the market.</em>

<u>Explanation:</u>

Marketing the product or service plays an important role in achieving success. Marketing functions are those activities that an organization performs to meet its marketing objectives.

Marketing is in charge of speaking with clients about items, clarifying who is offering them and why they are alluring. Advertising is likewise in charge of tuning in to clients and imparting back to the supplier about how well they are fulfilling client needs and open doors for development.

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On January 1, 2020, Franchisee Inc. enters into a contract with Italian Fine Dining Inc. for the right (beginning immediately) t
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Answer: $22,000

Explanation:

The total revenue to be recognized by Italian Fine Dinning Inc. is the standalone selling price for the franchise services which is $88,000.

As this contract is for a four year period, Italian Fine Dinning Inc will have to recognize the above revenue over a period of 4 years.

Revenue in December 2020 will therefore:

= 88,000 / 4

= $22,000

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1 year ago
A.J. and April Couch just opened a computer store in a small community. Before opening the store, they listened to their SBA cou
Doss [256]

Answer:

5) about two out of three small firms close within five years of their founding.

Explanation:

A prefer to use statistics in a positive way an disclose not the failure rates of small businesses (which are really high), but instead focus on the success rate.

from the total original amount (100%)

  • 80% of small businesses survive their first year of operations
  • 70% of small businesses survive their second year of operations
  • between 40-50% of small businesses survive their fifth year of operations
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6 0
1 year ago
Investment advisors at your local bank branch office:
skad [1K]

Answer:

Financial advisor.

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A financial advisor is an investment advisor at your local bank branch office. They are licensed professionals with the ultimate responsibility of providing financial guidance or expert advice around investments, tax planning etc for customers in a financial institution.

8 0
1 year ago
Read 2 more answers
Thornton Camps, Inc. leases the land on which it builds camp sites. Thornton is considering opening a new site on land that requ
Alona [7]

Answer:

$20.

Explanation:

So, we have the following important data or parameters the are going to help us or assist us in solving this particular Question or problem.

(1). Total number of customers served campers = 6600.

(2). Rental payment per month = $3,300.

(3). Total number of months = 12 months( that is January to December).

(4). "The variable cost of providing service is expected to be $5 per camper"

So, let us delve right into the solution of the question.

Step one: determine the fixed cost per unit. The fixed cost per unit can be determined by following the formula below;

Fixed cost per unit = (rental payment pee month × number of months) ÷ total number of campers.

Thus, the fixed cost per unit = $3,300 × 12) ÷ 6,600.

The fixed cost per unit = 6.

STEP TWO: The next thing to do now is to determine the price it should charge for a camp site in February and August.

Kindly note that this the price that it should charge for a camp site in February and August are going to be the same.

Therefore, the price it should charge for a camp site in February and August = $6 + $5 + $9 = $20.

4 0
2 years ago
On June 30, 2021, Georgia-Atlantic, Inc. leased a warehouse equipment from IC Leasing Corporation. The lease agreement calls for
Mars2501 [29]

Answer:

1. $3,799,988

2. $3,419,989

Explanation:

1. Semiannual lease payment = $468,683

Total semiannual payments = 5*2 = 10

Incremental borrowing rate = 10%, 5% semiannual

Present value of minimum lease payments used to record right to use assets = Semi Annual lease payments * Cumulative PV Factor of annuity due for 10 periods at 5%

= $468,683 * 8.1078 = $3,799,988.0274 ≈ $3,799,988

2. Semiannual payment on 30.06.2021 = $468,683

Pretax amount of liability on 30.06.2021 = ($ 3,799,988.0274 - $468,683) = $3,331,305.0274

Interest expense for 31.12.2021 = $3,331,305.0274 * 5% = $166,565.25137

Semiannual lease payment on 31.12.2021 = $468,683

Pre tax amount for liability December 31, 2021 = $3,331,305.0274 + $166,565.25137 - $468,683 = $3,029,187.2788

Depreciation on right to use assets for 2021 = ($3,799,988.0274 ÷ 5) * (5/10)= $379,998.80274

Pre tax amount of right to use asset to be reported for 2021 = $3,799,988.0274 - $379,998.80274 = $3,419,989.2247 ≈ $3,419,989

5 0
2 years ago
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