what are three methods of setting a budget for promotion? multiple select question. all you can afford
Answers
The three methods of setting a budget for promotion include: all you can afford, percentage of sales, and competitive parity.
1. All you can afford: This method of budgeting for promotion requires the company to use whatever funds it can afford to allocate to advertising and promotion efforts, regardless of its size, profitability, or other factors. The major drawback to this approach is that it takes no account of the effectiveness of promotional spending or its relationship to sales.
2. Percentage of sales: This budgeting method relies on a specific percentage of the company's previous or expected sales revenue. Typically, businesses set aside 2-5% of revenue for advertising and promotional expenses. This method allows a company to increase or decrease its promotional spending as sales fluctuate, which can be advantageous in times of economic turmoil.
3 Competitive parity: The company will use the promotional budget of its closest competitors in the market as the benchmark in this budgeting approach. This method assumes that companies that spend the most on promotion have already figured out the best way to allocate their promotional resources. As a result, businesses that use competitive parity are typically following the leader's promotional path rather than attempting to be a leader themselves.
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Related Questions
In a game of pool, the white cue ball hits the #5 ball and stops, while the #5 ball moves away with the same velocity as the cue ball had originally. Both balls have the same mass. This type of collision is-
Answers
This type of collision is an example of an elastic collision.
In an elastic collision, the total kinetic energy of the system is conserved, and the objects bounce off each other with no loss of energy due to deformation or other factors.
Kinetic energy is a type of energy that an object possesses by virtue of its motion. It is defined as the energy that a moving object has due to its motion and is dependent on the object's mass and velocity.
In this case, the #5 ball moves away with the same velocity as the cue ball had originally, indicating that the two balls had an elastic collision.
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according to the company's records, the conversion cost in beginning work in process inventory was $15,660 at the beginning of september. additional conversion costs of $526,524 were incurred in the department during the month. the cost per equivalent unit for conversion costs for september is closest to: (round off to three decimal places.)
Answers
WIP, or "work in progress," is a supply chain management phrase used to explain the costs of incomplete goods in the production process. As previously indicated, the term "work-in-progress" is occasionally used to describe assets that will take a long time to complete.
Answer: $0.873
Process of Starting Work 18,000. During the month, manufacture of more units began. 81,000 Less at the end work being done (17,000) and finished and moved-out units for the month 82,000. Moved on to the following department 82,000. Add finishing up 13,600 of the 17,00 units that are 80% complete. 95,600 equivalent units of output. Starting a current project will cost $15,264. Cost additions made during the time 68,208
Cost in full: $83,472
$95,600 in equivalent units of production
$83,472/$95,600 = $0.873 for the total units/equivalent units of production.
The balance in WIP refers to total production costs incurred for partially completed goods. WIP is a concept used to characterize the flow of manufacturing costs from one area of production to another.
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What is demand comprised of
Answers
3. Which of the following is a liability?
a) buildings
b) accounts receivable
c) loan from J. Henry
d) equipment
Answers
Answer:
buildings
Explanation:
Because if you own buildings you have to take care of them and you make sure you have them clean make sure nothing is wrong if a person complains find the problem and make it better and a loan will put you in a lot of debt to that person instead of making your own money.
Recommend three life skills that can assist a grade 12 school leaver to adapt to the world of work in 2023.in each answer,also indicate how these life skills can prevent a stressful transition from being a learner to the work environment.
Answers
A grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
What are life skills?Life skills are skills required by individuals are necessary for living and cooperation with others
Some of the life skills include:
communication time management critical thinking problem solvingA grade 12 school leaver will require communication, time management and problem solving skills to adapt to the world of work.
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Bambi is buying a property on an installment sales contract. Due to her financial interest in the property, she retains equitable title. What does the seller retain
Answers
Answer:
Legal title
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, etc.
Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement and this is generally referred to as mutual assent
In this scenario, Bambi purchased a property using an installment sales contract.
An equitable title can be defined as the right of an individual to use and enjoy an asset (property) due to his or her financial interest in the asset.
On the other hand, a legal title can be defined as the actual (absolute) ownership of a property that is recognized and enforceable in a court of competent jurisdiction.
Hence, Bambi would retain an equitable title from the purchase of the property due to her financial interest in this property while the owner of the property (seller) retains a legal title.
A contract is defined as an agreement that defines and binds the personally legally. It may involve the exchange of goods and services.
Since he is buying a property on an installment of the sales contract which due to her financial insurers in the property remain entitled is know as the legal title. It represents the actual ownership of the proper and is visible by the public records.Learn more about the due to her financial interest in the property
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When new college graduate Sami Hensen goes to visit her Great-Aunt Gertrude, she is surprised when the older relative tells her she is soon leaving on a cruise with friends. Sami cannot imagine how her great-aunt can afford such luxury, while living in a nice house in a peaceful neighborhood, and wonders if her aunt’s mental capacities are failing her. At her gentle inquiry about the costs, her Great-Aunt Gertrude laughs away her concern, telling her that she has been receiving monthly checks out of the equity she has in the home. Now Sami really thinks her old aunt is off her rocker! If Great-Aunt Gertrude is correct, which of the following statements is true of this situation?A. Gertrude has a Package Mortgage, which is commonly used in situations of people who are "house rich, cash poor." This type of loan is common for senior citizens.B. Gertrude has a Wraparound Mortgage, which provides for extra cash-in-hand.C. Gertrude has a fully-amortized loan, so she receives a monthly dividend.D. Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Answers
Answer: Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property.
Explanation:
A reverse annuity mortgage is referred to as a loan secured against the value of the home of a person which allows the owner cash in on some of the equity of the home without the person selling the house. This is what Simi's aunt is enjoying.
Therefore, the correct option is D "Gertrude has a Reverse Annuity Mortgage, which is a loan that must be repaid upon the owner’s death, if she moves elsewhere, or upon the sale of the property".
For a firm producing at any level of output GREATER THAN the most profitable one, a reduction in output decreases total revenue _____ total cost.
A. by the same amount as
B. more than
C. but not
Answers
For a firm producing at any level of output GREATER THAN the most profitable one, a reduction in output decreases total revenue more than total cost.
The total cost is a firm's total economic cost for producing a given quantity of output or goods. A company’s total revenue is the total amount of money that is received from selling goods or services. Profit is the difference between total revenue and total cost. The total revenue decreases when the number of units sold decreases. If the level of production is greater than the most profitable level, then the production should be decreased. Reducing output affects total revenue and total cost. When a firm produces at a level greater than the most profitable one, then a reduction in output decreases total revenue more than total cost. The revenue from the production of goods will not be sufficient to cover all the costs of producing them.
In this case, it is better for the company to reduce its output. Reducing the output allows the company to produce more efficiently. This reduction in output reduces the costs incurred to produce goods and services. Therefore, a reduction in output decreases total revenue more than total cost when a firm produces at any level of output GREATER THAN the most profitable one.
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To show appreciation to a headhunter who has helped place you with an employer, you might: (Multiple Choice)
send a thank-you note
stay in contact
save him or her time by contacting the employer directly when you need information
refer other hardworking individuals to him or her
Answers
Answer:
• send a thank-you note
• stay in contact
• refer other hardworking individuals to him or her
Explanation:
A headhunter refers to an individual or a company that provides recruiting service with regards to employment on behalf of an employer. The employers hires headhunters in order to find individuals who meet a particular job requirement.
In order to show appreciation to a headhunter who has helped place an individual with an employer, the person can:
• send a thank-you note
• stay in contact
• refer other hardworking individuals to him or her
Option C is incorrect as saving him or her time by contacting the employer directly when an information is needed isn't ideal. Therefore, the correct options are A, B and D.
a market consists of ten similar suppliers that are making the same supply decisions. to find the market supply of these ten suppliers, you:
Answers
Ten comparable vendors are participating in the market and submitting identical bids. Multiplying his one particular offer of the provider by 10 will give you the market his offer of these 10 suppliers will serve.
The market is made up of a large number of buyers and sellers who deal in certain commodities like wheat, copper, and financial equities. The price of the current market cannot be greatly influenced by a single buyer or seller. Instead of having a single market price, there are multiple buyers and sellers trading at different prices.
Market supply and demand. A market is a place where buyers and sellers can come together to exchange goods and services . A marketplace might be actual, like a physical retailer, or digital, like an online retailer. Other instances
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The correct question is :
a market consists of ten similar suppliers that are making the same supply decisions. to find the market supply of these ten suppliers, you: find the average quantity produced by the ten suppliers. take the individual supply of one supplier. take one-tenth of the individual supply of each supplier and add it up. multiply the individual supply of one of the suppliers by ten.
What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio
Answers
Cash flow ________ be negative before debt and equity infusions and ________ be negative after them.
Answers
Cash flow can be negative before debt and equity injections and must not be negative afterward.
The income statement recognizes income and expenses when cash is incurred, not when cash is actually exchanged. A cash flow statement records cash inflows and outflows when they actually occur.
The present value method calculates the expected monetary gain or loss from a project by discounting all expected future cash inflows and outflows to date using the hurdle rate.
Accounting receipts are pure receipts - expenses = receipts; cash flow is when cash actually changes hands, either coming in or going out. Recent cash flow should be used.
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The functional areas of business ethies include
Answers
Answer:
Production, Marketing and employment.
Explanation:
Business ethics refers to the policies which govern how a business would operate. It is the moral behaviour upon which a business entity revolves.
The functional areas of business ethics are;
1. Production. Businesses must produce goods which is part of the reason of being in existence. The business ethics here are the rules and policies that governs production in an organization.
2. Marketing. Businesses would advertise the goods and services they deal in to the outside world. The business this here is the moral relationship between the business employees and the perspective customers.
3. Employment. The business ethics in employment is the policy that governs how people are employed in an organization.
Firms have access to ______________, also known as tax havens, locations that specialize in financing by nonresidents, where the taxation levels are low and the banking regulatory environment loose.
Answers
Firms have access to Offshore financial centers, also known as tax havens, locations that specialize in financing by nonresidents, where the taxation levels are low and the banking regulatory environment loose.
What is Offshore financial centers?An OFC, or Offshore Financial Center, is a country or jurisdiction that provides financial services to non-residents in order to evade portions of the non-home resident's country or jurisdiction.
The IMF published a new quantitative-based list of 22 OFCs in April 2007, and another revised quantitative-based list of eight key OFCs, which include Ireland, the Caribbean, Luxembourg, Singapore, Hong Kong, and the Netherlands, in June 2018.
Offshore centres also offer fund management, insurance, trust business, tax preparation, and IBC activity in addition to banking services.
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.An illustration, a headline, and a copy are the three ________ elements of an advertisement.
A) tone
B) mood
C) format
D) reach
E) frequency
Answers
An illustration, a headline, and a copy are the three c) format elements of an advertisement.
An illustration is a visual representation of the product or service being advertised. It is often used to grab the attention of the audience and communicate the message in a more engaging way.
A headline is a short and catchy phrase that summarizes the main idea of the advertisement. It is designed to capture the reader's attention and make them want to learn more about the product.
Finally, a copy is the body of the advertisement that provides more details about the product or service. It should be informative, persuasive, and easy to read. The tone and mood of the advertisement can be influenced by these three elements, but they are not part of the essential structure. The format and frequency of the advertisement are also important factors, but they are not part of the core elements that make an advertisement effective.
Therefore, the correct answer is C) format
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What is stock turnover?
A. How long customers have own the products they've purchased
B. How quickly inventory sells
C. How much it costs to keep inventory
D. How the stock market affects inventory
Answers
Answer:
d.how the stock market affects inventory
Explanation:
a stock turnover is the rate at which a company's goods are sold and replaced. I hope that helped <3
stock movement Effects of the stock market on inventory Thus option (D) is correct.
What is the stock price?A share price is the price of a single share of a company's salable equity shares. In layman's terms, the stock price is the largest amount of money someone is willing to pay for the stock or the lowest amount for which it can be purchased.
Stock market Analysts in economics and financial theory utilize random walk techniques to model the behavior of asset prices, particularly share prices on stock exchanges. This technique is founded on the assumption that investors operate rationally and without bias, and that they evaluate the value of an asset at any given time based on future expectations.
Therefore, Thus option (D) is correct.
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As a business owner, Marlon analyzed the economy to determine if it is a good time to open a new shop. What facts probably helped him realize that it is a good time do it?
Low unemployment rate and prices are rising slowly
High unemployment rate and prices are rising quickly
Few homes are being sold and restuarants are closing
Prices aren't changing and factories are shrinking
Answers
As a business owner, Marlon's decision to open a new shop would have been influenced by several economic factors. The two factors that probably helped him realize that it is a good time to do so are the low unemployment rate and slowly rising prices. These indicators suggest a stable economy with a healthy labor market and a controlled inflation rate. The correct option is a.
A low unemployment rate implies that there is a high demand for labor, which means that consumers have purchasing power to support businesses. In addition, low unemployment rates tend to increase consumer confidence, which can translate into higher spending and revenue for businesses. The slowly rising prices also suggest that inflation is under control, which means that consumers are not feeling the pinch of increasing costs of goods and services. This can lead to increased spending and growth in the economy.
On the other hand, the other options presented in the question, such as high unemployment rates and quickly rising prices, few homes being sold, and restaurants closing, indicate a weak or declining economy. High unemployment rates and quickly rising prices can result in decreased consumer confidence and lower spending, which can be detrimental to businesses. Few homes being sold and restaurants closing are also signs of a weak economy with decreased demand. The correct option is a.
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Why should you make a personal investment plan?
A. To keep your money as safe as possible
B. To avoid financial risk
C. To meet your personal financial goals
D. To make the most money possible
Answers
Answer:
to meet your personal financial goals
Explanation:
A homeowner takes out a $387,000, 30-year fixed-rate mortgage at a rate of 5.35 percent. What are the monthly mortgage payments? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
The homeowner's monthly mortgage payment is $2,172.60.
To calculate the monthly mortgage payments, we can use the formula for a fixed-rate mortgage payment:
M = P * (r * (1+r)^n) / ((1+r)^n - 1)
Where:
M = Monthly mortgage payment
P = Principal amount (loan amount)
r = Monthly interest rate (annual rate divided by 12)
n = Total number of monthly payments (number of years multiplied by 12)
In this case, the principal amount is $387,000, the annual interest rate is 5.35 percent, and the loan term is 30 years.
First, we need to convert the annual interest rate to a monthly rate:
Monthly interest rate = (5.35 / 100) / 12 = 0.00445833
Next, we calculate the total number of monthly payments:
Total number of payments = 30 years * 12 months/year = 360
Finally, we can plug these values into the mortgage payment formula:
M = 387,000 * (0.00445833 * (1+0.00445833)^360) / ((1+0.00445833)^360 - 1)
Calculating this equation, we find that the monthly mortgage payment is approximately $2,172.60.
Therefore, the homeowner's monthly mortgage payment is $2,172.60.
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Match the term to the example
Answer Bank:
Goods Marketing
Services Marketing
Mass Marketing
Micromarketing
Business to Business
Macromarketing
For Profit Marketing
Geographic Marketing
Business to Consumer
Nonprofit Marketing
Direct Marketing
Examples:
A company that sells office products to large corporations
Advertising for a diamond ring for Valentine’s Day
Keeping a store franchise in a certain state
Getting donations to help victims of a natural disaster
Identifying customers who want someone to help them plan which investments to purchase
Training car salespeople to identify the right car for different kinds of customers
A grocery store
Billboard advertisements you see along the freeway
Getting people to join an after school extracurricular activity
Studying the effect of advertisements that use photoshop on the self-image of young people
A company that sells furniture
Answers
Answer:
li siento no puesobhsdar las resouestav
A small publishing company is releasing a new book. The production costs will include a one-time fixed cost for editing and an additional cost for each bock printed. The total production cost C (in dollars) is given by the function C=750+18.95N, where N is the number of books. The total revenue eamed (in dollars) from selling the books is given by the function R=34.60 N. Let P be the profit made (in doliars). Write an equation relating P to N. Simplify your answer as much as possible.
Answers
The equation relating profit (P) to the number of books printed (N) is P = 34.60N - 750 - 18.95N.
To determine the equation relating profit (P) to the number of books printed (N), we need to consider the costs and revenue involved in the production and sale of the books. The production cost (C) is given by C = 750 + 18.95N, where 750 represents the one-time fixed cost for editing and 18.95N represents the additional cost for each book printed.
The revenue earned (R) from selling the books is given by R = 34.60N, where 34.60 represents the revenue per book sold.
To calculate the profit (P), we subtract the production cost from the revenue: P = R - C. Substituting the given equations for R and C, we have P = 34.60N - (750 + 18.95N).
Simplifying the equation, we combine like terms: P = 34.60N - 750 - 18.95N. This gives us the final equation relating profit to the number of books printed.
In this equation, the term 34.60N represents the revenue earned from selling the books, while the term 18.95N represents the production cost for printing each book. The constant term -750 represents the fixed cost for editing, which is subtracted from the revenue and production cost.
By using this equation, the small publishing company can calculate the profit they will make based on the number of books they plan to print and sell.
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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.
Answers
A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.
A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.
The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.
Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.
Hence, option 3 is the right choice.
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as a business within the company, hr has three product lines, one of which involves contributing to the company's strategy by understanding how hr can provide a competitive advantage. this is known as .
Answers
As the product lines involves contributing to the company's strategy by understanding how hr can provide a competitive advantage, this is known as being a strategic partner.
What is a strategic partner?These are partners involves in the sharing of resources to help all involved succeed. They are usually non-competing businesses and often share both the risks and rewards of the decisions of both companies.
Most time, the ultimate goal of the strategic partnership is to create value for each company by offering information, services and other resources that the other firm either has no access to or could only access through some form of financial exchange.
Therefore, this strategy is known as being a strategic partner.
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When cash is received from sales, which account is listed on the second line of the entry?
answer choices
A. Cash
B. Sales
C. Capital
D. Owner's Equity
Answers
When cash is received from sales, the account listed on the second line of the entry is typically A. Cash. This entry is made to record the increase in cash resulting from the sales transaction.
In accounting, sales are usually recorded as an increase in revenue in the Sales account. However, when cash is received from sales, it is necessary to record the corresponding increase in the Cash account. This is done through a journal entry, where the Cash account is debited (increased) to reflect the cash inflow, and the Sales account is credited (decreased) to offset the revenue recognition from the initial sale.
The Cash account represents the actual cash balance held by the business. By debiting the Cash account, the entry recognizes the increase in cash resulting from the collection of sales proceeds. This entry ensures that the company's financial records accurately reflect the cash inflows generated from sales activities.
Therefore, when cash is received from sales, the Cash account is listed on the second line of the entry to indicate the increase in cash. So, the correct option is A.
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Write a storyline in work environment that apples (3) employability skills to be a productive and positive employee.
Answers
Answer:
Storyline
Explanation:
You work in a hotel.
To be a productive and positive employee, there are a few must and must nots. Let's say that you work at the front desk. When your customer walks up to your desk, always make sure to greet them with the appropriate sayings. Ask directly what you can do to help them, and do it in a timely manner. If they are unsure or have any questions at all, make sure that they feel welcome to ask any questions.
Don't ask the customer inappropriate questions. such as;" What do you want?". Greet them nicely and treat your guests as your family.
To be a productive employee make sure you are on time as scheduled, do any assignments the day before and always show up with a smile.
who perpares the design of construction? why is it important? give reasons
Answers
Answer:
Architect and engineer both prepare the design of construction.
Explanation:
It is important because it helps ti ensure that your designs are translated efficiently into an amazing final product. It is clearly that design plan is crucial to the success of any commercial construction project.
Answer:
Engineer prepares the design of instruction .It is important because, there will not be any harm after the construction to the specific architecture which you were constructing it prevents from harms like broking down the architecture because of not proper management.
Which of the following businesses describes a branch?
A. CarCity is a car dealership that is old by a large company but operated by a group.
B. Easy as Fries, a fast-food restaurant, is operated by one person but still owned by a large company.
C. Photo Finish, a sports photography business, has many locations that are owned an operated by the company.
D. Hit the books, a Tutoring business, has one location in San Diego, California
Answers
ANSWER =C
Photo Finish, a sports photography business, has many locations that are owned an operated by the company is the businesses describes a branch. Hence, option C is correct.
What is meant by photography business?A variety of services are offered by professional photography studios, including portraiture, commercial photography, event photography including weddings, family gatherings, bar mitzvahs, and more, convention photography, and more.
Their creativity, which is the art or process of making images by the influence of radiant energy, particularly light, on a sensitive surface, is expressed through shades, tones, smiles, joy, and even sadness.
To start, you can increase brand awareness by including brand-specific colors in your images. Additionally, your image might inspire bto take action. Good pictures elicit an emotion. Within that attitude, an emotion develops, which inspires potential customers to become clients.
Thus, option C is correct.
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When using AWS documentation pages, what is the best way to be sure
the information you're reading is up-to-date?
A. The page URL will include the word latest.
B. The page URL will include the version number (i.e., 3.2).
C. The page will have the word Current at the top right.
D. There is no easy way to tell.q
Answers
The best way to ensure that the information you are reading on AWS documentation pages is up-to-date is to check the page URL.
The URL will generally include a version number (i.e., 3.2) which indicates that the page is updated to the latest version. Alternatively, the page URL may include the word ‘latest’ which also indicates that the page is up-to-date. Another indication of a current page is the word ‘Current’ located at the top right of the page.
Although these methods can be used to ensure that the information you are reading is up-to-date, it is important to note that AWS documentation pages are regularly updated with new features and changes, so it is recommended to regularly check the page URL or check for notifications of updates within the page.
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8. Chocolates bought at 5 for £6 are sold at 2 for £3, find:
(i) The cost price of each chocolate
(ii) The selling price of each chocolate
(iii) The profit or loss made on selling one chocolate
Step by step pls x
Answers
1. Divide price by quantity:
6/5 = 1.20 each
2. 3/2 = 1.50 each
3. profit/ loss = sold - purchased price
1.50 - 1.20 = 0.30 profit
The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning
Answers
Answer:
fund-raising
Explanation:
Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.
Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.