Companies should care about the post-purchase role of promotion because it plays a crucial role in customer satisfaction, brand loyalty, and long-term business success. While sales are important, focusing solely on sales neglects the potential for repeat purchases, customer referrals, and building a positive brand image.
1. Customer Satisfaction: The post-purchase phase is a critical stage where customers evaluate their purchase experience. Effective promotion during this phase can reinforce positive perceptions, address any concerns, and ensure customer satisfaction. Satisfied customers are more likely to become repeat buyers and advocates for the brand.
2. Brand Loyalty: Post-purchase promotion can cultivate brand loyalty by providing additional value to customers. This can include personalized offers, loyalty programs, after-sales support, or engaging content. Building strong relationships with customers after the sale enhances trust, encourages repeat purchases, and reduces the likelihood of switching to competitors.
3. Word-of-Mouth and Referrals: Satisfied customers are more inclined to share their positive experiences with others, leading to positive word-of-mouth promotion. By delivering exceptional post-purchase experiences, companies can stimulate customer advocacy, referrals, and organic growth through recommendations.
4. Brand Image and Reputation: The post-purchase phase contributes to the overall brand image and reputation. Effective promotion that exceeds customer expectations can differentiate a company from its competitors and establish a positive reputation, influencing future purchasing decisions and attracting new customers.
5. Customer Lifetime Value (CLV): Focusing on post-purchase promotion contributes to maximizing CLV. By nurturing customer relationships, companies can extend customer lifetimes, increase customer retention rates, and drive higher revenues over the long term.
In summary, while sales are important, post-purchase promotion is crucial for enhancing customer satisfaction, fostering brand loyalty, generating positive word-of-mouth, building a strong brand image, and maximizing customer lifetime value. Neglecting the post-purchase phase may result in missed opportunities for repeat business and sustainable growth.
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Is there any way for a monopoly to operate more efficiently than a competitive market? why or how?.
The equilibrium point in a competitive market exists at the point of optimal market efficiency.
What is competitive market?A competitive market exists a term in economics that guides to a marketplace where there exist a large number of buyers and sellers and no single buyer or seller can influence the market. Competitive markets have no obstacles to entry, lots of buyers and sellers, and homogeneous products.
In economics, especially general equilibrium theory, A perfect market also understood as an atomistic market, is determined by several idealizing requirements, collectively anointed perfect competition or atomistic competition.
No, the monopoly can never be additional efficient than the perfectly competitive market because the competitive market exists at the point of optimal market efficiency and the monopoly will deliver at the point where the MR and the MC stand equal. here the market has the excess capability and a dead weight loss.
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what effect would an effective minimum wage have on a perfectly competitive market?
In a aggressive exertions marketplace, an boom within side the minimal salary reduces employment and will increase unemployment. A minimal salary may want to boom employment in a monopsony exertions marketplace on the equal time it will increase wages.
The required details for unemployment in given paragraph
The time period unemployment refers to a scenario in which someone actively searches for employment however is not able to locate paintings. Unemployment is taken into consideration to be a key degree of the fitness of the economy. The maximum regularly used degree of unemployment is the unemployment rate. It's calculated via way of means of dividing the wide variety of unemployed human beings via way of means of the wide variety of human beings within side the exertions force. Many governments provide unemployment coverage to sure unemployed people who meet eligibility requirements.
Unemployment is a key financial indicator as it alerts the ability (or inability) of employees to attain gainful paintings and make contributions to the efficient output of the economy. More unemployed employees suggest much less general financial production.
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Your big brother has decided that he wants to get into the
workforce relatively soon and doesn't want to pursue a 4-year
degree. He is considering a career as a paralegal. While
browsing job postings for paralegals in the area he notices that
most firms are requiring candidates to have an associate's
degree or a certification. Based on the information in the table
below, which option is best for your brother and why?
The answer is based on the table Work study which includes 6 weeks of certification program and 2 years in community college is best for the brother.
The reason is because he doesn't want to pursue a 4-year degree and most firms require candidates to have an associate's degree or a certification.
Therefore, work study is best option as it fulfills his requirement for certification and college within a limited time period.
What is certification in plain English?Certifications are special qualifications there by an individual to show their validity and capacity to carry out a task. Your certification is shown as a document that certifies that, as a professional, you have received the necessary training, education, and preparation to fulfill the requirements of your position.
What are the three different certifications?A certification might be of one of three broad forms. Corporate (internal), product-specific, and profession-wide are listed in order of development level and portability.
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an investment pays $8000 per year. Real MARR is 8% per year and
inflation is 4% per year. what is the actual MARR?
The actual MARR for the given investment is 12.32%.
The Modified Internal Rate of Return (MARR) takes into account both the real rate of return and inflation to determine the true value of an investment. In this case, the investment pays $8,000 per year, with a real MARR of 8% and an inflation rate of 4% per year.
To calculate the actual MARR, you can use the Fisher equation:
Actual MARR = (1 + Real MARR) × (1 + Inflation Rate) - 1
Substituting the given values:
Actual MARR = (1 + 0.08) × (1 + 0.04) - 1
Actual MARR = 1.08 × 1.04 - 1
Actual MARR = 1.1232 - 1
Actual MARR = 0.1232
Converting the result to a percentage:
Actual MARR = 0.1232 × 100 = 12.32%
Therefore, the actual MARR for this investment, taking into account both the real MARR and the inflation rate, is 12.32% per year.
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Do you feel that this country has made adequate progress in providing women with rights that are equal to that of men? Explain your answer.
Answer:
Yes.
Explanation:
There are so many opportunities for women to rise to the level of, if not surpass men. The 70 cents to the dollar thing is entirely false, and when accounting for the field and position, women typically make more than men. For single mothers, there is the WIC program (women, infants and children), but can you name a program that specifically supports single fathers? And, somewhat related sidenote, there is the whole "believe all women movement", (which in itself is sexist, but I yield) could you imagine if someone started saying "believe all men"? There is no way that would go over well.
what is a form in computer?
In a database context, a form is a window or screen that contains numerous fields, or spaces to enter data. Each field holds a field label so that any user who views the form gets an idea of its contents. A form is more user friendly than generating queries to create tables and insert data into fields.
Sherman, inc. Manufactures chainsaws that sell for $58. Each chainsaw uses $10 in direct materials and $3 in direct labor per unit. Sherman has two activities: machining, which is applied at the rate of $2 per machine hour, and finishing, which is applied at the rate of $20 per batch. This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. What is the gross profit for one chainsaw?
The correct option is B, This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. The gross profit for one chainsaw is $27.
Direct material ( per unit ) = $ 10
Direct labour. ( Per unit ) = $ 3
Therefore manufacturing cost s = 40 batches * $ 20 + 1000 * $ 2 + $ 10* 200 + $ 3 * 200
= 5400
Per unit cost = 5400/200
= $27
Gross profit is the difference between the revenue generated from sales and the cost of goods sold (COGS). It represents the money a company earns before subtracting operating expenses, interest, taxes, and other costs. Gross profit is a key financial metric that indicates the efficiency of a company's production and pricing strategy.
Gross profit is an important metric for businesses because it provides insight into the profitability of their operations. A high gross profit margin indicates that a company is able to produce and sell goods at a cost that is significantly lower than their selling price, which is a positive sign of financial health. Conversely, a low gross profit margin suggests that a company may need to adjust its pricing or cost structure to remain competitive in the market.
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Complete Question:-
Sherman, inc. Manufactures chainsaws that sell for $58. Each chainsaw uses $10 in direct materials and $3 in direct labor per unit. Sherman has two activities: machining, which is applied at the rate of $2 per machine hour, and finishing, which is applied at the rate of $20 per batch. This month, sherman made 200 chainsaws, using 1,000 machine hours in 40 batches. What is the gross profit for one chainsaw?
a. $13
b. $27
c. $30
d. $14
Which statement about Social Security is true?
A. You can increase your monthly benefit by retiring earlier than the
standard retirement age.
B. You can increase your monthly benefit by postponing when you
begin receiving benefits.
C. You can increase your monthly benefit by deferring taxes until
retirement.
t because all
D. There is no way to increase your monthly benefit because
retirees earn the same amount.
Answer: B
Explanation: Social Security retirement benefits are increased by a certain percentage for each month you delay starting your benefits beyond full retirement age.
According to the data set below, what was the GDP per capita in the United States in 2017? Round your answer to the nearest whole dollar.
United States Real GDP and Population, 2013-2017
Year - Real GDP in US dollars - Population
2013 | $16,691,500,000,000 | 316,234,505
2014 | $17,427,600,000,000 | 318,622,525
2015 | $18,120,700,000,000 | 321,039,839
2016 | $18,624,500,000,000 | 323,405,935
2017 | $19,390,600,000,000 | 325,719,178
The GDP per capita in the United States in 2017 was approximately $59,647.
What was the approximate per capita GDP in the United States in 2017?To calculate the GDP per capita, we divide the real GDP of the United States in 2017 ($19,390,600,000,000) by the population in the same year (325,719,178). This calculation yields a GDP per capita of approximately $59,647.
GDP per capita is a measure that provides insight into the economic well-being of a country's residents on average. It represents the value of goods and services produced per person in a given year.
In the case of the United States in 2017, the GDP per capita indicates that, on average, each resident would have earned approximately $59,647 if the country's GDP were distributed equally among its population.
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Molzahn Corporation is a manufacturer that uses job-order costing. The company closes out any overapplied or underapplied overhead to Cost of Goods Sold at the end of the year. The company has supplied the following data for the just completed year:
Estimated total manufacturing overhead at the beginning of the year $481,250
Estimated direct labor-hours at the beginning of the year 35,000 direct labor-hours
Results of operations:
Actual direct labor-hours 40,000 direct labor-hours
Manufacturing overhead:
Indirect labor cost $ 179,000
Other manufacturing overhead costs incurred $ 465,000
Answer:
The results are below.
Explanation:
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 481,250 / 35,000
Predetermined manufacturing overhead rate= $13.75 per direct labor hour
Now, we allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 13.75*40,000
Allocated MOH= $550,000
Finally, the under/over applied overhead and the closing to cost of goods sold:
Under/over applied overhead= real overhead - allocated overhead
Under/over applied overhead= 644,000 - 550,000
Underapplied overhead= $94,000
When overhead is underapplied, we need to debit the cost of goods sold.
COGS 94,000
Manufacturing overhead 94,000
What is the role of the three questions of economics?
Answer: is to act as the basic principle of production decision making. "What to produce", "How to produce", and "For whom it should be produced" are the three basic questions of economics
Explanation:
ECON QUESTION !!
What is the overall objective of a business raising financial capital?(1 point)
A) decrease operating costs and increase the number of investors
B) increase revenues and the number of investors
C) reducing financial obligations and increase revenue
D) grow and increase profit
chapter 5 test, banking and finance...if you have all the answers that would be greatly appreciated
The main goal is to increase shareholder value as much as possible.
Businesses frequently make decisions that include spending money now while planning to turn a profit later. Examples are when a business purchases a machine with a 10-year lifespan, constructs a new facility with a 30-year lifespan, or launches a research and development initiative. Four basic methods exist for businesses to obtain the funding they require to fund these initiatives: (1) early-stage investors; (2) profit reinvestment; (3) bank or bond borrowing; and (4) stock sales. Business owners decide how to pay for financial capital sources when they select those sources.
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Please help in this question asap
Answer:
All of these
Explanation:
do I need to explain lol?? :]
under most circumstances, in order to recognize revenue:
Under most circumstances, in order to recognize revenue, businesses follow specific accounting principles and guidelines to ensure accuracy and consistency in financial reporting.
The primary standard for revenue recognition is the International Financial Reporting Standards (IFRS) 15 or the U.S. Generally Accepted Accounting Principles (GAAP) ASC 606.
To recognize revenue, there are five key steps that companies must follow:
1. Identify the contract: The contract is the agreement between the buyer and the seller, specifying the goods or services to be exchanged, and the terms and conditions under which the transaction will occur.
2. Identify the performance obligations: These are the distinct promises in the contract to deliver goods or services. Each obligation must be accounted for separately and must provide value to the customer.
3. Determine the transaction price: This is the amount of consideration (usually money) that the company expects to receive in exchange for fulfilling its performance obligations.
4. Allocate the transaction price to the performance obligations: The transaction price is divided among the identified performance obligations based on their standalone selling prices. This ensures that the revenue recognized for each obligation reflects the amount the company expects to receive for satisfying that obligation.
5. Recognize revenue when the performance obligations are satisfied: Revenue is recognized when control of the goods or services has been transferred to the customer, meaning the customer has the ability to use and benefit from the goods or services.
By following these steps, businesses can ensure that they are recognizing revenue in a consistent and accurate manner, ultimately providing reliable financial information to stakeholders.
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Ajax Lighting manufactures and sells street and parking lot lights, such as those on the Fayetteville trail system. Ajax has the best LED lighting technology in the industry. It is a significant competitive advantage. There are only two other companies in the nation that make competitive products. Growth in this industry is about 2% a year or less. Ajax can enjoy sustained competitive advantage because they are in a _________ market
Answer: slow cycle
Explanation:
Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.
Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable
What is another term for liability?
A. asset
B. notes
C. debt
D. accounts
Answer:
Another term for liability is debt, because both of these terms are accountable for money charges and assist needed :3
Explanation:
:3
A manufacturer of a product that has
been in business for more than a century suddenly has few
customers. Even lowering prices does not help. What should the
manufacturer do?
Running loyalty or customer reward programs may also be a way to prioritize consumers amid an economic crisis. Make changes to your goods and services to better meet the demands of your target audience. It's important to diversify your company in case you lose a big client. This is further explained below.
What is the manufacturer?Generally, A person or business that produces products for sale.
In conclusion, It may also be possible to prioritize customers during an economic crisis by implementing customer loyalty or incentive programs.
make adjustments to your products and services to better match the needs of your target market.
Having a diverse client base is essential in the event that you lose a major customer.
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On January 1 of the current year, the Queen Corporation issued 9% bonds with a face value of $54,000. The bonds are sold for $52,380. The bonds pay interest semiannually on June 30 and December 31 and
The journal entry to record the bond issuance on January 1, current year is: Cash $52,380Discount on Bonds Payable $1,620Bonds Payable $54,000
Bonds are financial instruments that companies can use to raise money. When companies sell bonds, they receive cash in exchange for future interest and principal payments.
Bondholders receive interest payments, called coupon payments, on a semiannual basis, and they receive the principal payment at the end of the bond's life.
On January 1 of the current year, Queen Corporation issued $54,000 9% bonds. The bonds were sold for $52,380.
The bonds pay interest semiannually on June 30 and December 31. Let's calculate the journal entry to record the bond issuance. Queen Corporation will receive cash of $52,380 from selling the bonds.
However, since the bonds have a face value of $54,000, Queen Corporation owes bondholders an additional $1,620 of value at maturity.
This $1,620 difference between the amount of cash received and the face value of the bonds is called bond discount.
This bond discount is recorded as a contra liability account in the balance sheet, and it is amortized (reduced) over the life of the bond using the effective interest method.
The company will record semiannual journal entries to record the interest expense and amortization of bond discount on June 30 and December 31 of each year.
The interest expense is calculated by multiplying the face value of the bond by the stated interest rate, while the amortization of bond discount is calculated by subtracting the interest expense from the total bond interest payment.
The sum of the interest expense and the bond discount amortization will equal the total interest payment made to bondholders.
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Here is the complete question below:
On January 1 of the current year, the Queen Corporation issued 6% bonds with a face value of $50,000. The bonds are sold for $48,500. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, five years from now. Queen records straight-line amortization of the bond discount. Determine the bond interest expense for the year ended December 31.
Municipal bonds are issued by what?
Answer:
Hi, the correct answer to your question is they are securities issued by states, cities
etc/more.
Explanation:
They mostly do this for building like highways, roads and more. It is used to raise more money to build important things for our environment.
Hope this helps! :)
How cost-benefit analysis helps government?
Cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.
What is the cost-benefit analysis?Cost-benefit analysis can be used to assess the costs and benefits of interventions when both are expressed in monetary terms.
Concept symbol Cost-benefit analyses (CBA) and CEA consider health outcomes.
The net present value (NPV), economic rate of return (ERR), and benefit-cost ratio are three suggestive criteria that can be used in a cost-benefit analysis to determine the economic sustainability of a safer school IPF before the project is implemented.
Cost-benefit analysis has been employed as one technique.
This makes an attempt to evaluate and analyze the discounted streams of future benefits and future costs connected with a proposed project in terms of money, much like the forces of the market do for business initiatives.
Therefore, cost-benefit analysis is similar to what market forces do for government ventures, this makes an effort to review and analyze the discounted streams of future benefits and costs associated with a proposed project in terms of money.
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Which of the following might be monitored as an indicator of inflation?
consumer price index
gold prices
oil prices
All of the above may be indicators of inflation.
The Consumer Price Index (CPI), which calculates the percentage change in the cost of a selection of products and services that households use, is the most well-known measure of inflation.
What reflects the consumer price index?A market basket of consumer goods and services is used to create the Consumer Price Index (CPI), which tracks the average change in prices over time for urban consumers.The Consumer Price Index (CPI), which calculates the percentage change in the cost of a selection of products and services that households use, is the most well-known measure of inflation.One of the most widely used inflation metrics is the CPI, which gauges the level of retail prices for goods and services at a given moment. This is because it reflects changes in the cost of living for consumers.To learn more about Measure of inflation refer to:
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Which one of the following conditions does not tend to heat up price competition? a. Prices and terms of sales are observable. b. The industry is stagnant or declining. c. Some firms have excess capacity. d. There are many sellers in the market.
Among the options provided, the condition that does not tend to heat up price competition is (d) there are many sellers in the market. When there are many sellers in the market, it can create a more competitive environment, but it does not necessarily lead to intense price competition. In fact, having many sellers can often lead to differentiation strategies, where firms compete based on factors other than price, such as product quality, features, customer service, or branding.
On the other hand, options (a), (b), and (c) tend to heat up price competition:
(a) Prices and terms of sales are observable: When prices and sales terms are easily observable by buyers, it increases transparency in the market. This transparency makes it easier for buyers to compare prices and choose the most competitive offer, which intensifies price competition.
(b) The industry is stagnant or declining: In industries experiencing stagnant or declining demand, firms often compete fiercely for a shrinking customer base. Price reductions or aggressive pricing strategies become more common as firms strive to maintain or gain market share.
(c) Some firms have excess capacity: When firms have excess production capacity, they may lower prices to attract more customers and utilize their idle capacity effectively. This can lead to increased price competition as firms try to fill their excess capacity by offering lower prices.
Overall, while having many sellers in the market can contribute to a competitive environment, it doesn't necessarily result in intense price competition as other factors like product differentiation and non-price competition may also come into play.
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Why price will be low in a market economic system?
Other than competitors
Answer:
In a market economy Price is determined by demand and supply, for example when there is a low price for a good it means the demand is low. However in market economy price for abundant goods never gets high to a critical point due to the fact of consumer sovereignty environment which consumers are the rulers for suppliers.
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
Grasping, strategies for problem solving, driving a car, and balancing a budget are all examples of ______, according to piaget.
Grasping, strategies for problem-solving, driving a car, and balancing a budget are all examples of Schemas.
What is Schemas?A schema is defined as a pattern of contented or behavior that handles informational categories and the relations between them, according to psychology and cognitive science.
Schemas can be seen in the act of grasping, problem-solving techniques, operating a vehicle, and budgeting.
Therefore, the given events are the examples of Schemas.
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Which group is legally responsible for implementing
protection and controls that ensure your workplace
meets safety standards?
A. Employers
B. Unions
C. Employees
D. Government
Answer:
A
Explanation:
Answer:
It SHOULD be employers but i may be wrong... if i'm not CAN I PLES HAVE BRAINLYIEST
Explanation:
Also, if i'm right there is no need to thank me unless you want too
What is a business….
Whom?..................
HELP ME PLEASE
Based on the cell theory, which of the following is true? (5 points)
All cells are too small to be seen.
All living things are made of cells.
Small organisms have more cells than large organisms.
Large organisms have larger cells than small organisms.
5.
(04.02 LC)
Anton Leeuwenhoek devised a primitive microscope to observe a sample of his tooth scrapings. How did this help contribute to cell theory? (5 points)
It helped to show that cells cannot function independently.
It helped to show that some bacteria can swim like fish.
It helped to show that some bacteria are just one cell.
It helped to show that cells can be created from thin air.
6.
(04.02 MC)
A scientist eliminated all living organisms in a jar of soup by heating it. He then left the soup jar uncovered for some days. After a few days, he saw molds in the soup. What most likely formed the mold? (5 points)
Mold spores present around the jar
Nonliving matter in the environment
Water molecules in the soup
Glass particles in the jar
7.
(04.02 LC)
A scientific theory is different than the way we use the word theory in common speech. Which of the following describes the way the term theory is used in everyday life? (5 points)
It explains how nature works.
It is supported by observation and testing.
It is supported by experimental results and data.
It is a random guess about how something happened.
8.
(04.02 MC)
Read the two statements given below.
Statement 1: Children knocked over the trash can while cycling
Statement 2: Plant cells generate from sunlight and chlorophyll
Which of the following best relates the statement to the correct type of theory? (5 points)
Both statements are about scientific theories.
Both statements are about everyday life theories.
Statement 1 is about an everyday life theory, and statement 2 is about a scientific theory.
Statement 1 is about a scientific theory, and statement 2 is about an everyday life theory.
9.
(04.03 LC)
Which number label represents the nucleus?
6
5
3
2
10.
(04.03 LC)
Which organelle provides protection and support to a cell? (5 points)
Cell wall
Cytoplasm
Nucleus
Ribosome
11.
(04.03 MC)
Plant cells and animal cells were observed under a microscope. The characteristics of two cells are listed below.
Cell X: Has chloroplast
Cell Y: Does not have a cell wall
Which statement about the two cells is correct? (5 points)
Cell X has a cell membrane.
Cell X has a small vacuole.
Cell Y has a large vacuole.
Cell Y has chloroplast.
12.
(04.03 MC)
What will most likely happen in the absence of a cell wall? (5 points)
Photosynthesis will not occur.
The cell will lose its shape and support.
Cellular respiration will not take place.
Substances will not move in and out of the cell.
Answer:
I only know the answer to the last question, sorry.
The cell will lose its shape and support
Explanation:
I took the quiz.
The association stradegy is used to_________information
Answer:
The association strategy is used to help memorized information.
Explanation:
A benefit of using association is that it allows the learner to be creative and have fun. ... The association strategy is used to help memorized information.
Which of the following sets is most important to consider when choosing a career?
(A) needs and demographics
(B) hobbies and friends
(C) diversity and interests
(D) personal values and work values
The sets that is most important to consider when choosing a career is (C) diversity and interests.
What is a career ?Career can be described as the occupation that ios been undertaken for a significant period whgich one can focus on, through ouut hios or her life with opportunities for progress.
It should be noted that when choosing ba career one should be able to seek for the things that interest you about tyhe field because ythis will help you when the journey is getting tough because to get to the peak of the career can not be seen as one that ios easy.
Therefore, option C is correct.
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