In this game, what factors determine your profit if you are a retailer?
(a) Your decision, your partner's decision, and chance.
(b) Only your decision.
(c) Your decision and your partner's decision.
d) Your decision and chance.
Answers
When playing a game as a retailer, the factors that determine your profit are your decision and chance. The answer is (d).
As a result, the retailer's ultimate goal is to maximize profits by keeping the operating costs as low as possible.Retailing is the process of selling goods and services to consumers through different channels of distribution. Retailers sell items to people for personal use rather than for resale or manufacturing purposes. A businessperson or a company that sells goods directly to the end-user is known as a retailer.
The retailer buys products from manufacturers or wholesalers and then marks up the price to include their overhead costs, such as employee salaries, taxes, and utilities. Finally, they sell it to the end-users, which is the final price that the customer pays.Retailers must consider a variety of factors when determining how to increase their profits. They must be aware of the costs of doing business, such as rent, insurance, and the salaries of their employees. Additionally, they must calculate the price of the goods that they will sell to customers.
Finally, they must pay attention to the costs associated with the distribution process, such as packaging, shipping, and storage. Therefore, as a retailer, your profits will depend on your decision and chance.
to know more about retailer refer here
https://brainly.com/question/29509602#
#SPJ11
Related Questions
Describe the process of roof top vegetable production?
Answers
The process of roof top vegetable production are the rooftop agriculture are the check building, roof top, find the water resources, storage space and the other things.
What is roof top agriculture?Rooftop agriculture involves the cultivation of fresh vegetables, herbs, fruits, culinary flowers, and possibly some small animals for local consumption on rooftops. Rooftop gardens provide numerous advantages to metropolitan areas. Rooftop farming refers to the practice of planting food on the roofs of buildings.
According to the method, the construction engineer selects the correct location, appropriate materials are employed, a water source is provided, storage space is available, and the proper planting media. Rooftop farming is typically accomplished through the use of green roofs, hydroponics, aquaponics, or plane systems, or container gardens.
Learn more about on roof top agriculture, here:
https://brainly.com/question/15295456
#SPJ2
Scarlett linens offers credit with terms of 3/15, net 30 to its customers. these terms indicate that scarlett allows its customers to take a:________
Answers
These terms indicate that Scarlett allows its customers to take a 3 percent discount from the total invoice price.
Scarlett Linens offers credit with terms of 3/15, net 30 to its customers. These terms indicate that Scarlett allows its customers to take a 3 percent discount from the total invoice price if payment is made on or before day 15 of the billing cycle, otherwise, the entire bill will be due by day 30.
The invoice price is the price paid by the dealer to the manufacturer. The invoice price is an agreed price between the dealer and the manufacturer.
Hence, Scarlett allows its customers to take a 3 percent discount from the total invoice price.
To learn more about invoice price here:
https://brainly.com/question/1384895
#SPJ4
I need a 2 paragraph essay about the importance of careers
Answers
Answer: Career is a very important thing in one's life. Whatever career path you choose to follow, it will impact your life greatly. Your career will define your status in a society in addition to your lifestyle. In other words, your career will determine your social circle and relationships.
Explanation:
if you can give me the sample answer, ill give brainliest
Identify at least five different Marketing, Sales, and Service or Transportation, Distribution, and Logistics careers that you could pursue in your home state, and choose the three that appeal to you the most. Out of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you:
Answers
Answer:
Five careers within the Marketing, Sales, and Service cluster or the Transportation, Distribution, and Logistics cluster that would be interesting to me are pilot, aerospace engineering and operations technician, marketing manager, real estate broker, and assessor. Of those careers, the ones that would be best suited to my skills and abilities are marketing manager, pilot, and real estate broker.
I would be interested in becoming a real estate broker, because it would give me a chance to work with people, helping them buy and sell property. I could help them negotiate prices, closing costs, and other factors between the buyer and seller. I would need to know how to use a computer to upload lists of properties for sale. In order to do all of this, it would be important to have great customer service, interpersonal, negotiation, persuasion, communication, critical thinking, and computer skills.
To prepare for this position, it wouldn’t be necessary to go to college, but I think it would be helpful to get at least a bachelor’s degree. I could attend the University of Pennsylvania, where I could study economics or business. I could attend the University of Illinois Urbana–Champaign, where I could study finance and specialize in real estate. I could also consider attending the University of Florida, where I could get a minor in real estate or complete a master’s degree in business administration with a concentration in real estate.
After completing my education, I would be prepared to start my own business and hopefully make over the median salary of $57,360 each year.
Explanation:
What firm can you think of that began as world-class and has remained in that category even as it's grown? why did you choose that firm?
Answers
One firm that comes to mind as having begun as world-class and has maintained that status even as it has grown is Apple Inc. I chose Apple because it has consistently been recognized for its innovative products, design excellence, and exceptional customer experience throughout its history.
Apple's journey as a world-class company started with the introduction of the Macintosh in 1984, which revolutionized personal computing with its user-friendly interface. Over the years, Apple has continued to innovate and redefine various industries with iconic products such as the iPod, iPhone, and iPad. Its commitment to delivering high-quality, seamlessly integrated hardware, software, and services has been instrumental in its success.
Apple's ability to consistently create products that resonate with consumers, its focus on superior design and user experience, and its strong brand image have helped it maintain its position as a world-class company. Additionally, Apple's dedication to a vertically integrated business model, controlling both hardware and software aspects, has contributed to its ability to maintain quality and innovation standards as it has grown.
Despite its expansion into different product categories and becoming one of the largest companies globally, Apple has managed to preserve its reputation for excellence and remains a leading innovator in the technology industry.
learn more about "products":- https://brainly.com/question/25922327
#SPJ11
ElectriCar Corp. said it will repurchase $2.6 billion of its shares to reduce dilution from recent stock grants to executives. The par amount per share for ElectriCar's common stock is $0.01. Paid-in capital-excess of par is $6.19 per share on average. The market price was $20.0. Required: Suppose ElectriCar Corp. reacquires 120.00 million shares through repurchase on the open market at $20.00 per share. Prepare the appropriate journal entry to record the purchase.
Answers
The appropriate journal entry to record the repurchase of 120.00 million shares by ElectriCar Corp.as follows: Debit: Treasury Stock [$20.00 per share * 120.00 million shares = $2.4 billion], Credit: Cash [$2.4 billion]
To record the repurchase of shares, we debit the Treasury Stock account for the cost of the repurchased shares and credit the Cash account for the same amount. In this case, ElectriCar Corp. repurchased 120.00 million shares at a price of $20.00 per share, resulting in a total repurchase cost of $2.4 billion.
Therefore, we debit Treasury Stock for $2.4 billion and credit Cash for the same amount. This entry reflects the reduction in the number of outstanding shares and the corresponding decrease in cash due to the share repurchase.
Learn more about Treasury Stock here: brainly.com/question/28392297
#SPJ11
Free 50 Pts
Is it Legal if i use a M18 Claymore Mine While Hunting?
Answers
Answer:
no there would be not evidence that u killed something because that evaporate the animal
Explanation:
explain the process involve in forming a company.
include these points:
1. Often require more time and legal works.
2. Need to complete all required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION.
3. Once all document is ready, the register of the company issues the Certification of incorporation.
4. Certification of incorporation certifies the legal status of the company and allows to start trading.
Answers
Forming a company involves a number of steps and can often require more time and legal work than other types of business structures. Here are the steps typically involved in forming a company:
How to fporm companyChoose a Business Name: The first step is to choose a business name that is not already in use by another company. It's important to conduct a search to ensure the name is not already taken.
Decide on Company Structure: The next step is to decide on the legal structure of the company, such as a corporation, LLC, or partnership.
Prepare the Required Documents: Once the structure has been chosen, the required documents such as ARTICLE OF ASSOCIATION and MEMORANDUM OF ASSOCIATION must be completed. These documents outline the purpose of the company, its ownership structure, and other important details.
File Documents with the Register of Companies: The completed documents must then be filed with the register of the company in the jurisdiction where the company is to be incorporated. This requires paying a fee and providing additional information about the company, such as the names and addresses of directors and shareholders.
Certification of Incorporation: Once all the required documents have been submitted and approved, the register of the company issues a Certification of Incorporation. This certificate certifies the legal status of the company and allows it to start trading.
Obtain Business Licenses and Permits: Depending on the type of business and the jurisdiction, the company may also need to obtain additional licenses and permits before it can begin operating legally.
Overall, forming a company involves a significant amount of legal work and documentation, but it provides the benefit of limited liability and can make it easier to raise capital and attract investors.
Read more on companies here:https://brainly.com/question/25818989
#SPJ1
Employment-at-will allows the employer to fire for any reason, but the employee cannot leave without notice.
True
False
Answers
Answer:
Very extremely true
How does business generate income?
Answers
Hai!
This depends on the Type of Business.
If it is a Selling Business, they sell stuff to Earn Profit.
If its a Free Online Website/Game. They earn money by either in game purchases or Web Site purchases.
Using SMART goal-Written criteria blank refers to asking how ?
A.measurable
B.timely
C.specific
D.realistic
E.attainable
Answers
Answer:
A.measurable
Explanation:
Smart is an acronym Specific, Measurable, Achievable,
Realistic and Timely. These are attributes that guide how goals or objectives should be set.
The question of " how" is answered by the attribute 'measurable.'
In this criterion, measurable describes the specific criteria to be used and the ways of measuring progress toward accomplishing the goal. The path to achieving the objective must be meaningful and motivating.
Answer:
Measurable
Explanation:
Issuing a pre-approval letter means that borrowers have completed the loan application and provided their debt, total income, and savings information, and the _______ has verified this information.
Answers
Answer: underwriter
Explanation:
The loan underwriter is responsible for verifying the information provided by a borrower. They will then use this information to assess the risk that the lender is going to incur if they lend money to the borrower.
When this is done, a pre-approval letter is issued which shows the amount that the lender is willing to lend to the borrower.
Which industry is Amazon involved in ?
Answers
Answer:
Cloud computing e-commerce artificial intelligence consumer electronics digital distribution self-driving cars
Explanation:
Answer:
Cloud computing e-commerce
Explanation:
it is used for artificial intelligence or the use of robots
please help me answer these questions
Answers
Answer: See explanation
Explanation:
1. Inelastic demand occurs when a change in price doesn't really have an effect on the quantity of the goods demanded. Examples of products with inelastic demand are salt and prescription drugs.
2. Elasticity for demand helps in the determination of the prices of factors of production. It is also vital in knowing how price changes will affect the revenue of the firm.
3. Normal goods are the goods that when income increases, the demand for them increases as well e.g. household appliances
For inferior goods, when Income increases, their quantity demand reduces. These are common with extremely cheap products.
Pooja, Cathy, Huzefa, and Angela have come together to form a group based on their common interest of dining at new restaurants and writing about them in their blog. What kind of a group is this?
Pooja, Cathy, Huzefa, and Angela have come together to form a(n) _____
group.
Answers
Pooja, Cathy, Huzefa, and Angela have come together to form a(n) interest group.
What is an interest group?
A group that uses a variety of advocacy techniques to sway public opinion and/or policy is known as an interest group or an advocacy group. Another term for an interest group is: educated society. Group of people with a shared area of expertise or special interest. college community.
Interest groups are created to advance the causes that matter to its members. Influencing public policy is their main concern. Interest groups are also referred to as "pressure" or "lobby" groups because one of their main responsibilities is to apply pressure to political decision-makers.
Read more on interest group here:https://brainly.com/question/25656843
#SPJ1
based on the video, which of the following statements is true? multiple choice depending on the demand for a monopolistically competitive firm's product, it may have economic profits, losses, or normal profit. monopolistically competitive firms usually have economic profit. monopolistically competitive firms usually have normal profit. monopolistically competitive firms usually have losses.
Answers
Primarily based on the video, which of the subsequent statements is properly more than one choice relying on the call for a monopolistically competitive company's product, option C monopolistically aggressive firms generally have everyday earnings.
The right solution is c. earnings are usually 0. The fundamental distinction between monopolistically aggressive corporations and flawlessly aggressive companies is that monopolistically aggressive companies produce differentiated products.
Monopolistic competition is a market shape wherein there are big numbers of dealers selling differentiated products. there are also no obstacles to entry. everybody can restore the price as in keeping with their choice. subsequently, extraordinary profits, in the end, isn't a feature of a monopolistically competitive market.
Learn more about monopolistically here
https://brainly.com/question/25717627
#SPJ4
We showed how much improvement in (lowering of) uncertainty we expect by making a single measurement instead of three successive measurements. How much improvement do we expect in by making a single measurement instead of two successive measurements (same problem as in the class notes except there are two holes instead of three)? The edge to the first hole and the first hole to second hole distances are the same ( 1"±0.02). (Also, hint: Start by making a drawing of the situation.)
Answers
We can expect an improvement of approximately 29.79% in uncertainty by making a single measurement instead of two successive measurements.
To calculate the improvement in uncertainty by making a single measurement instead of two successive measurements, we can start by drawing a diagram of the situation. In this case, there are two holes with the same distance between them (1"±0.02). We want to know how much improvement we can expect in uncertainty by making a single measurement instead of two successive measurements.
One way to approach this problem is to use the formula for the standard error of the mean, which is given by:
SE = s / sqrt(n)
Where SE is the standard error of the mean, s is the standard deviation, and n is the sample size.
If we assume that the measurements are normally distributed, we can use the 68-95-99.7 rule to estimate the standard deviation. For two measurements, the standard deviation would be:
s = 0.02 / 3 ≈ 0.0067
For one measurement, the standard deviation would be:
s = 0.02 / sqrt(2) ≈ 0.0141
Using the formula for the standard error of the mean, we can calculate the improvement in uncertainty by making a single measurement instead of two successive measurements:
SE1 = 0.0141 / sqrt(1) ≈ 0.0141
SE2 = 0.0067 / sqrt(2) ≈ 0.0047
Improvement = (SE2 - SE1) / SE2 ≈ 0.2979 or 29.79%
Therefore, we can expect an improvement of approximately 29.79% in uncertainty by making a single measurement instead of two successive measurements.
learn more about measurement here:
https://brainly.com/question/30367419
#SPJ11
The notation is Y = GNP = national income C = consumption I = private investment G = government spending X = exports M = imports T = taxes There is an intimate relationship between a country's BCA and how the country finances its domestic investment and pays for government expenditures. Given this, which of the following is a true statement? Multiple Choice All of the options If (S − I) < 0, it implies that a country's domestic savings is insufficient to finance domestic investment. If (T − G) < 0, it implies that a country's tax revenue is insufficient to finance government spending. When BCA is negative, it implies that government budget deficits and/or part of domestic investment are being finance with foreign-controlled capital.
Answers
The true statement is D. When BCA is negative, it implies that government budget deficits and/or part of domestic investment are being financed with foreign-controlled capital.
The above statement is based on the intimate relationship between a country's Balance of the Current Account (BCA) and how the country finances its domestic investments and pays for government expenditure.
Explanation:
National income = Y = GNP
Consumption = C
Private Investment = I
Government spending = G
Exports = X
Imports = M
Taxes = T
Therefore, the BCA = X-M = (S-1) + (T – G)
Where BCA = Balance of Current Account
Thus, the Balance of the Current Account (BCA) should be positive to avoid deficit-financing of government budgets.
Learn more: https://brainly.com/question/8859561
"Packaging has been criticized as being expensive, giving no additional value and often deceptive." How would you justify marketer's use of packaging?
Answers
The use of packaging helps to create a form of attraction between the buyer and the product that is advertised.
How would you justify marketer's use of packaging?Packaging serves a number of important purposes in marketing, including:
Protection and preservation of product: Packaging protects the product from damage, tampering, and contamination during storage, transportation, and distribution. This helps to preserve the quality and freshness of the product, making it more appealing to consumers.
Conveying product information: Packaging is often used to communicate key information about the product, such as its ingredients, benefits, and usage instructions. This helps consumers to make informed purchasing decisions.
Brand identity: Packaging can play a key role in establishing and reinforcing a brand's identity. Through the use of logos, color schemes, typography, and other design elements, packaging can help to create a visual association between a product and its brand.
Read more on packaging here:https://brainly.com/question/27395917
#SPJ1
does non traditional careers for men mean job for women?
and does non traditional careers for women mean job for men?
Answers
The United States enjoys a free market economy in which _____.
(A)most economic decisions are made by the central government
(B)the states have all of the authority to make economic decisions regarding businesses that do not operate across state lines
(C)most economic decisions are allowed to occur naturally as a result of market changes made by government intervention
(D)none of the above
(E)all of the above
Answers
HELPPPP!!!! WILLL GIVE BRAINLEST!!!
It allows you to rent a car while yours is being repaired. a. auto replacement c. personal damage liability b. comprehensive physical damage d. rental reimbursement
Answers
Answer:
I'm pretty sure the answer is d
Explanation:
Alternatively, you may pay out-of-pocket for your rental then seek reimbursement from the other insurance company once it completes its investigation.
Answer:
D
Explanation:
Which of the following is an advantage of person-administered
surveys
Group of answer choices
Fast turn-around of the results
Error Free
Real time data capture
Reduction of interviewer-evaluation (bia
Answers
survey method is the advantage of person-administered
An advantage of person-administered surveys is fast turn-around of the results. This means that the data collected from the surveys can be obtained and analyzed relatively quickly compared to other survey methods.
Person-administered surveys refer to surveys in which the respondents complete the survey in the presence of an interviewer or facilitator. While there are various advantages associated with person-administered surveys, one specific advantage is the fast turn-around of the results. Since the surveys are conducted in person, the data can be collected and processed promptly, allowing for quicker analysis and decision-making.
This advantage is particularly useful in situations where timely data is required, such as market research or public opinion surveys. Fast turn-around of results enables organizations to gather insights and make informed decisions more efficiently.
Learn more about surveys here : brainly.com/question/30392577
#SPJ11
Toronto Corporation's financial statements include the following information: Cash $ 6,100 Net Credit Sales $315,000 Accounts receivable 52,000 Cost of Goods Sold 210,000 Merchandise inventory 92,800 Net Income $ 56,000 Prepaid Expenses 12,600 Total Current Assets $163,500 Total Current Liabilities $ 65,400 Total Stockholders' Equity $200,000 Assuming that 50,000 shares of common stock were outstanding, and the company had no preferred stock outstanding. What is the Earnings per Share (EPS) for Toronto Company: $6.30 $1.12 $4.00 $3.27
Answers
Answer:
nhfgbtrg
Explanation:
nhgnrf
interview any business owner on impact of crime
Answers
Answer:
Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.
Explanation:
I hope this helps you sorry if it doesn’t
William's income elasticity of demand for movies is 2. All else equal, this means that if his income increases by 10 percent, he will purchase tickets for
Answers
William's income elasticity of demand for movies being 2 implies that his demand for movie tickets is highly responsive to changes in his income.
Specifically, for every 1 percent increase in William's income, his demand for movie tickets will increase by 2 percent. Therefore, if his income increases by 10 percent, his demand for movie tickets will increase by 20 percent (i.e., 10 x 2).
It is important to note that this relationship assumes that all other factors remain constant. In reality, factors such as the availability of alternative forms of entertainment, changes in movie ticket prices, and shifts in consumer preferences may influence William's decision to purchase movie tickets.
Overall, the income elasticity of demand for movies is an important concept for understanding how changes in income affect consumer behavior. For businesses operating in the movie industry, this information can help them anticipate changes in consumer demand and adjust their pricing and marketing strategies accordingly.
For more such questions on demand visit:
https://brainly.com/question/1059493
#SPJ11
Drag each resources to the correct location on the table let’s say you just bought a new cell phone. Listed here are sone of the many resources that went into producing that phone. Categorize the recourses according to factors of reproduction?
Answers
Categorizing resources according to factors of reproduction provides insights into the diverse inputs required for cell phone production, highlighting the interdependence of natural, human, and capital resources in the manufacturing process.
Categorizing the resources that went into producing a new cell phone according to factors of reproduction involves identifying the various inputs involved in its production and classifying them accordingly. The factors of reproduction typically include natural resources, human resources, and capital resources.
Natural resources:
Minerals: These include rare earth metals like lithium, cobalt, and tantalum used in the production of batteries and electronic components.
Fossil Fuels: Oil, natural gas, and coal are utilized in energy-intensive processes involved in manufacturing and transportation.
Human resources:
Labor: Skilled and unskilled workers involved in designing, engineering, assembling, and quality control processes.
Knowledge: Intellectual property, patents, and research and development efforts that contribute to technological advancements.
Capital resources:
Machinery and Equipment: Production machinery, robotics, assembly lines, and testing equipment used in manufacturing facilities.
Infrastructure: Factories, transportation networks, communication systems, and power grids necessary for production and distribution.
It is important to note that this is not an exhaustive list, as the resources involved in cell phone production are diverse and may vary based on the specific components and technologies used. Additionally, the categorization may overlap in some cases. For instance, skilled labor can be considered both a human resource and a capital resource when specialized tools or equipment are required.
for more such questions on manufacturing
https://brainly.com/question/1082619
#SPJ8
the revolution in management that is currently under way suggests that the most effective managers of the future will
Answers
The current management revolution suggests that the most effective future managers will need to "be skilled communicators and team players."
This is because, unlike in the past, when employees tend to follow the manager's instructions to the letter without questions, many employees today tend to speak back or ask more questions.
Also, coupled with the fact that many today's employees prefer working without strict supervision, the tendency for conflicts to occur increases, and the need for motivation becomes significant.
Hence, in this case, it is concluded that future managers would need to be good communicators and team players, not just among the executives but also among the lower employees.
Learn more here: https://brainly.com/question/24341712
Auckland Engineering plc Jim Withey, Sales Manager for Auckland Engineering plc, a well-established engineering company in the Midlands, received the following memo from DC Duncan, his recently appointed Marketing Director. Memo To: J Withey, Sales Manager From DC Duncan, Marketing Director Date: 16 January 2006 Subject: Preparation of annual marketing plan You will recall that at our series of preliminary meetings to discuss future marketing plans for the company I suggested that I was unhappy with the seemingly haphazard approach to planning. Accordingly, you will recall it was agreed between departmental heads that each would undertake to prepare a formal input for next month’s planning meeting. At this stage I am not seeking detailed plans for each product market, rather I am concerned that you give thought to how your department can contribute to the planning process. Being new to the company and its product/markets, I am not fully up to date on what has been happening to the market for our products, although as we all know our market share at 35 percent is down on last year. I would particularly like to know what information your department could contribute to the analysis of the situation. To help in your analysis I have summarised below what came out of our first planning meetings. 1 Business definition. It was agreed that the business needs redefining in customer terms. An appropriate definition for our company would be: ‘Solutions to engine component design and manufacturing problems’. 2 SWOT analysis Our main strengths are • Excellent customer awareness and an image of reliability and quality. • Salesforce is technically well qualified. 70 2: Sales Strategies SELL_C02.QXP 12/10/05 15:33 Page 70 • Manufacturing flexibility is second to none – we respond quickly and effectively to individual customer needs. Our main weaknesses are • Prices approximately 10 percent above the industry average. • Spending a higher proportion of turnover on advertising than most main competitors. • Salesforce not skilled in generating new leads. Our major opportunities are: • Some major competitors have difficulty keeping customers because of quality and delivery problems. • Recent legislation means research and development programme on new TDIX component, emphasising lower exhaust emission levels, should prove advantageous. • Recent and forecast trends in the exchange rate should help export marketing efforts. • Buyers in the industry seem prone to switching suppliers. Our major threats are: • Our largest customer threatening to switch owing to our higher average prices. • Apart from TDIX programme, we have not been keeping pace with rapid technological change in the industry. • Some major export markets are threatened by possibility of import restrictions. 3 Objectives Financial • To increase return on capital employed by 5 per cent. • Net profit in the forthcoming year to be £4 million. Marketing • Sales revenue to be increased to £35 million in the forthcoming year. 4 Marketing strategy Target markets • Major manufacturers of diesel engines worldwide. Positioning • Highest engineering quality and after-sales service in supply of specialist lowvolume diesel engine components. Practical Exercise: Auckland Engineering plc 71 SELL_C02.QXP 12/10/05 15:33 Page 71 I would welcome your comments on my analysis, together with any views on the appropriateness of the objectives I have set. For the next meeting I suggest that as sales manager you give some thought as to where the relative emphasis should be placed in our promotional effort. As I have mentioned, we seem to be spending an excessive amount on advertising compared with our competitors. Perhaps you could give me your thoughts on this, as I understand you were in favour of raising our advertising budget from 1 per cent to 2 per cent of turnover last year. As you are aware, from a limited budget, we must decide where to place the relative emphasis in our communications mix. Perhaps you can indicate what you feel are the major considerations in this decision. Discussion Questions
1 Give a brief outline of ways the sales manager can contribute to the marketing planning process at Auckland Engineering.
2 Looking at Duncan’s analysis of the previous meeting, what issues/problems do you see that are of relevance to the activities of the salesforce?
Answers
The sales manager can contribute to the marketing planning process at Auckland Engineering in several ways.
Providing market research and analysis to identify potential customers and their needs.
Suggesting new sales strategies and tactics to increase revenue and market share.Collaborating with other department heads to develop a cohesive marketing plan that aligns with the company's goals and objectives.Reviewing and analyzing sales data to identify trends and opportunities for growth.Providing feedback on the effectiveness of current sales and marketing efforts and recommending changes as needed.Participating in discussions on budget allocation and resource planning to ensure that sales efforts are adequately supported.From Duncan's analysis of the previous meeting, several issues/problems are of relevance to the activities of the salesforce, including:
Salesforce is not skilled in generating new leads: This suggests a need for sales training and development to improve lead generation and prospecting.
Prices approximately 10 percent above the industry average: This may make it more difficult for the salesforce to close deals and could be a barrier to entry into new markets.Spending a higher proportion of turnover on advertising than most main competitors: This could impact the salesforce's ability to compete on price and value, and may require a re-evaluation of the company's overall marketing strategy.Our largest customer threatening to switch owing to our higher average prices: This could lead to lost revenue and market share and may require a strategic approach to retain the customer or find new ones.Overall, these issues highlight the importance of salesforce training and development, competitive pricing strategies, and effective communication and collaboration between the sales and marketing departments.
To learn more about “customer” refer to the https://brainly.com/question/26313265
#SPJ11
Last year real GDP in the imaginary nation of Oceania was 561. 0 billion and the population was 2. 2 million. The year before, real GDP was 500. 0 billion and the population was 2. 0 million. What was the growth rate of real GDP per person during the year?
Answers
The growth rate of real GDP per person during the year in Oceania was 2.0%.
To calculate the growth rate of real GDP per person in Oceania during the year, we need to first calculate the real GDP per person for each year.
For the current year:
Real GDP per person = 561.0 billion / 2.2 million = $255,000
For the previous year:
Real GDP per person = 500.0 billion / 2.0 million = $250,000
Next, we can calculate the growth rate of real GDP per person using the following formula:
Growth rate = (Current year's real GDP per person - Previous year's real GDP per person) / Previous year's real GDP per person * 100%
Substituting the values we calculated earlier, we get:
Growth rate = ($255,000 - $250,000) / $250,000 * 100% = 2.0%
To know more about GDP, click here.
https://brainly.com/question/31197617
#SPJ4