Check your Understanding

Read and analyze carefully the following statements and use the scale below for your

answers. Write the letter only.

A. Definitely true

B. Probably true

C. Could be true or false

D. Probably false

E. Definitely false

________1. Marketing is an organizational function, because it is a core task that is expected of a modern

organization, whether or not it operates for profit.

________2. A well thought-out marketing strategy ensures products that delight customers, leading them

to become loyal patrons who will buy products from a company again and again.

________3. An objective maybe measurable, specific action that an employee or team needs to meet the

needs of a larger company goal.

________4. Marketers who write down their goals and objectives are more likely to make them a reality.

________5. Knowing what marketing truly needs will help you gain useful insights on what consumers

are really looking for.

MULTIPLE CHOICE (5 points)

Directions: Encircle the letter corresponding to the correct answer.

1. It is the activity, set of institutions, processes for creating, capturing, communicating,

delivering and exchanging offerings that have value for customers/clients and society at large.

A. Exchange B. Marketing C. Promotion D. Marketing plan

2. While there are many interpretations and applications today, it all started with the four basic

principles of marketing. What are these?

A. product, people, price, place C. product, process, price, place

B. product, price, place, promotion D. product, price, promotion, partners

3. Once you have your goals, these are measurements which provide metrics to evaluate success

factors enabling you to track progress.

A. business plan C. marketing process

B. marketing strategy D. key performance indicators

4. Which of the following group of words form the acronym SMART for objectives in Marketing?

A. Specific, manageable, aspirable, relevant, time based

B. Specific, measurable, attainable, relevant, time based

C. Specific, manageable, attainable, relevant, time based

D. Sociable, measurable, attainable, relevant, time based

5. Which of the following best describes contemporary methods?

A. It can be used to build the relationship with the client

B. It incorporates both co-creative and share value ideas

C. It builds a trusting relationship with their customer base

D. All of the above​

Answers

Answer 1

Answer:

1. B

Because we all need to improve on areas involving management

2. A

3. Business plan

4. A

5.B


Related Questions

Scott really enjoys working with money, including making it grow. He is also a natural leader and would enjoy working with and leading others. Which two career clusters would best fit Scott?

Answers

Answer:

The Finance Cluster and the Managment Cluster

Explanation:

The Finance Cluster would fit Scott because he enjoys working with money, and Finance is all about money. The main subject of study of Finance is simply the the value of money across time.

The Management Cluster would also fit Scott because he enjoys working with people and being a leader. Management is all about leading groups of people, centralizing information, and taking decisions, and for all these reasons, management is likely to be a good fit for him.

Answer:

A

Explanation:

Just took the test

A business must decide whether to open a new office in China. If it opens the
branch, it will increase its chances of selling a high volume of its products in
China. On the other hand, the business will have to spend a lot of money to
make the branch operational.
What would be an opportunity cost for the business if it chooses not to open
the new branch in China?
A. The business would have to open a new branch in a different
country
B. The business would increase its marginal benefits on each
product it makes
C. The business would be able to use the money it saves on other
projects.
D. The business would lose the chance to make more money in
China.

Answers

D a is the correct answer I’m pretty sure

what is the importance of human resources management​

Answers

Answer:

Human resources management is a very important function in every organization. Without human resources management, companies would not be able to effectively recruit and retain employees, improve and enhance the organization, and they wouldn't be able to maintain a healthy, accepting workplace culture and environment.

Explanation:

Assume that you have entered into a swap agreement for a notional of 100M USD under which every 6 months you agree to pay LIBOR and receive 4% fixed. On the date you signed the contract LIBOR is 3%. Six months later LIBOR is 3.5%. Your actual payment net of what you receive at the first payment date equals to (- sign means you receive):____.
A) 0 USD.
B) -0.5 USD.
C) 0.5 USD.
D) -0.25 USD.

Answers

Answer:

C) 0.5 USD

Explanation:

Swap is an arrangement in which two parties exchange their interest rates for mutual benefit. One party may receive fixed rate and other will receive floating rate based on LIBOR. In the given scenario the swap agreement was originated when the LIBIOR was 3%. The fixed rate was set to be at 4% so the net gain at the time of inception was 1%. When LIBOR increased after six month the net gain declined to only 0.5%.

Fulton Company's price-earnings ratio is 8.0 and the market

price of a share of common stock is $32. The company has 3,000

shares of preferred stock outstanding with each share receiving

a dividend of $3 per share. The earnings per share of common

stock is:

a. $10.

b. $7.

c. $4.

d. $3.​

Answers

Answer:

c. $4

Explanation:

price-earnings ratio = stock price / earnings per share

8 = $32 / earnings per share

earnings per share = $32 / 8 = $4

the company's total earnings = earnings per share x total outstanding shares

earnings per share = (total earnings - preferred dividends) / outstanding common stocks

You are working with your integrated project team to sequence activities on the aircraft modification project you are leading. You are looking for the factors, constraints, and potential dependencies among project activities that can influence the way activities are sequenced, as well as help you understand the relationship between activities and the need for leads and lags. Where could you find this information?
A. Project schedule.
B. Assumption log.
C. Basis of estimates.
D. Work breakdown structure.

Answers

i think that it is A

The Yucatan Co. in Mexico has a division that manufactures bicycles. Its budgeted sales for Model XG in 2021 are 95,000 units. Yucatan​'s target ending inventory is 7,000 ​units, and its beginning inventory is 11,000 units. The​ company's budgeted selling price to its distributors and dealers is 3,500 pesos per bicycle. Yucatan buys all its wheels from an outside supplier. No defective wheels are accepted. A separate division of the company orders the extra wheels Yucatan needs for replacement parts. The​ company's target ending inventory is 14,000 ​wheels, and its beginning inventory is 16,000 wheels. The budgeted purchase price is 400 pesos per wheel.
Required:
1. Compute the budgeted revenues in pesos.
2. Compute the number of bicycles that Yucatan should produce.
3. Compute the budgeted purchases of wheels in units and in pesos.
4. What actions can Yucatan's managers take to reduce budgeted purchasing costs of wheels assuming the same budgeted sales for Model XG?

Answers

Explanation:

1. Revenue in pesos

M*G

= 95000 x 3500

= 332,500,000 pesos

2. Number of bicycle to produce

Budgeted sales for period = s = 95000

Budgeted production = BP

Ending inventory = ev

Begining inventory = bv

BP = s + ex - bv

= 95000+7000-11000

= 91000

Yucatan should produce 91000 bicycles

3. 2 wheels are used

MR = 2x91000 = 182000

Ending inventory ev = 14000

Begining inventory bv = 16000

P = MR-bv+ev

P = 182000-16000+14000

P = 180000 units of wheels to be purchased

Price = 180000x400pesos

= 72000000 pesos

4. To reduce budgeted purchase cost, the manager should only purchase the right quantity of what is needed for the production process to reduce purchased inventory and to also reduce ending inventory

An event that took place during the "year of the environment" in 1970 is _____.


The EPA came into being.

The first national Earth Day was celebrated.

The Clean Air Act was passed.

All of the above.

Answers

The answer to your question is all of the above .

Answer:

All of the above

Explanation:

Hanover and Trust, a large law firm, utilizes an internal centralized printing center to serve its three departments: Individuals, Corporate, Trust. The costs of the printing department include fixed costs of $69,190 and variable costs of $0.04 per page. Total estimated print pages are estimated to be 330,000 pages. Individuals are estimated to use 130,000; Corporate will use 165,000 and 35,000 from the trust area. Assuming a single charging rate is used, what would be the charge per page?

Answers

Answer: $0.25 per page

Explanation:

Fixed costs = $69,190

Variable costs = $0.04 per page.

We calculate the fixed cost charging rate per page which will be:

= $69190 / 330000

= $0.21 per pages

Then, the total single charging rate will be the addition of the fixed cost per page and the variable cost per page:

= $0.21 + $0.04

= 0.25 per page

The charge per page is $0.25

We have the following data with which to answer this question

Fixed costs = $69190

Variable costs = $0.04

Total number to be printed = 330000

To get the fixed cost charging rate:

Fixed cost ÷ total number

= 69190/330000

= 0.21 per page is the charge.

Therefore the total charge per page would be:

0.21+0.04

= $0.25 per page

The charge per page is $0.25

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explain demand and supply of money​

Answers

The money demand curve is downward sloping, i.e., the demand for holding money increases with decrease in interest rates. The short-term interest rate (i) is determined by the equilibrium of the supply and demand for money. If the interest rates are above the equilibrium, there is excess supply of money.

What is the role of executive director​

Answers

Answer:

An executive director is the senior operating officer or manager of an organization or corporation, usually at a nonprofit. Similar in many ways to the CEO role in a for-profit corporation, executive directors are responsible for steering the organization and managing its operations.

what are the consequences of unemployment​

Answers

Answer:

The personal and social costs of unemployment include severe financial hardship and poverty, debt, homelessness and housing stress, family tensions and breakdown, boredom, alienation, shame and stigma, increased social isolation, crime, erosion of confidence and self-esteem, the atrophying of work skills and ill-health ...

Explanation:

unemployment has cost to a society that are more than just Financial unemployed individuals not only lose income but also faced challenges to their physical and mental health

Which of the following statements, if any, are correct?
1. The Automatically Assessed Formula for determining the Expected Family Contribution (EFC) requires that the student or parent's AGI is less than $50,000.
2. The Simplified Method for determining Expected Family Contribution (EFC) does not consider the family's assets in its formula
a. 1 only.
b. 2 only.
c. Both 1 and 2.
d. Neither 1 nor 2.

Answers

Answer:

The answer is "Option b".

Explanation:

In this question, Option b is correct because the self-assessment pattern suggests which all the information provided by the private entity is accurate but, without the requirement for further information from the taxpayer, the taxation responsibility of the individual shall be calculated in light of the information provided in the tax documents. for this formulation automatically evaluated AGI limited to or below 20000.

Theo Chocolate demonstrates _____ by following the same values that it states it believes in.
a. sustainability
b. integrity
c. synergy
d. entropy

Answers

Answer:

b. integrity

Explanation:

1.A.ii. Which of the following is a problem presented by ethics audits?
a) They may be used to reallocate resources.
b) They identify practises that need improvement.
c) Selecting auditors may be difficult.
d) They may pinpoint problems with stake holder relationships.​

Answers

Answer:

The problem presented by ethics audits is:

c) Selecting auditors may be difficult.

Explanation:

An ethics audit is a comparison of the employees' actual ethical behaviors with the ethical guidance provided by the organization in its policies and procedures.  The audit tries to review the organization's ethics codes, past ethical incidents, and the responses made by the individual employees and the organization.  Through the audit, the auditor establishes a clear understanding of employees' perspectives on the organization's ethical practices.

define bond economics.​

Answers

Answer:

In finance, a bond is an instrument of indebtedness of the bond issuer to the holders. The most common types of bonds include municipal bonds and corporate bonds. Bonds can be in mutual funds or can be in private investing where a person would give a loan to a company or the government.

Explanation:

hope this helps...

have a nice day...

<( ̄︶ ̄)>

Naomi is a sales associate at an electronics store. Recently, she has been distracted at work because she's moving. She has been leaving work early to look for
apartments and making move-related calls at work. Her coworkers have been staying later than they're scheduled for to cover for her. Which adjective would best describe
Naomi's behavior?
A. Unreliable
b. punctual
c. Ethical
d. reasonable​

Answers

I think the answer is unreliable because reasonable is like being fair, ethical is like being honest and following you morals, and punctual is getting what you need to get done on time


The Government using taxing and spending to stabalize the economy is called

Answers

Answer:

fiscal policy

Explanation:

Fiscal policy is the use of government spending and taxation to influence the economy. Governments typically use fiscal policy to promote strong and sustainable growth and reduce poverty.

1) using information in this case study , estimate Mylans yearly profit.Do not include opportunity cost and assume families do not use discounts or coupons
2) 2. (1 point) Again, use information in this case study. Assume that the cost to develop the Epi-Pen was the average cost to bring a new drug to market, and that every Epi-Pen is sold at full price. At a price of $600 per two-pack, how many two-packs would be necessary to recoup the costs? What about a price of $100 per two-pack?
3) (1 point) What might cause Mylan to reduce the price of the Epi-Pen?bu​

Answers

its 200

Explanation:

600-100=500-2=498 600+100=700-2=798 798-498= 200

When gathering information which of the following task might you need to perform

Answers

Answer:

take notes, research that information

the debt owed to a bank​

Answers

Answer:

Bank debt is a long-term liability a business takes on by borrowing money from its bank. Companies use bank debt to pay for long-term assets such as land, buildings and equipment or to add more cash to their working capital to cover ongoing, short-term expenses

B2B marketing requires a special, unique set?​

Answers

Take a position: Business-to-business marketing requires a special, unique set of marketing concepts and principles. ... B2B company demands for sophisticated sales management and an educated, knowledgeable, trained staff whose words and actions can have strong influence in the B2B buyers.

Is gross profit or net profit more important to consider when you're deciding how successful and profitable a company is? Why? Explain.

Answers

Answer:

Net profit is more important to consider when you are deciding how successful and profitable a company is. Net profit takes into account all expenses and what your net profit is.

Explanation:

Suppose that Sweden can make a unit of furniture with 10 days of labor and a unit of steel with 15 days labor, while Germany can make a unit of furniture with 12 days of labor and a unit of steel with 12 days labor.
Suppose that with free trade 1.5 units of furniture exchange for one unit of steel. Then the gains from trade
Are shared equally by the two countries
All go to Sweden
Go to neither country
None of these
Are shared by the two countries, but in an indeterminate way

Answers

Answer:

All go to Sweden.

Explanation:

The two countries Germany and Sweden both can produce furniture and steel. Germany can produce one unit of steel or furniture in 12 days while Sweden can make one unit of steel in 15 days and one unit of furniture in 10 days. Germany has no advantage from the trade since it can produce both the goods in same time. Therefore all of the trade gain would belong to Sweden.

Suppose that the equilibrium real federal funds rate is 4% and the target rate of inflation is 1%. Use the following information and the Taylor rule to calculate the federal funds rate​ target:
Current inflation rate​ = 4%
Potential real GDP​ = ​$14.72 trillion
Real GDP​ = ​$14.81 trillion
The federal funds target rate is____​%.​

Answers

Answer: 9.81%

Explanation:

The formula to find the Federal funds target rate is:

= Current inflation + Equilibrium federal funds rate + (0.5 * (Current inflation -  Target inflation rate)) + (0.5 * Output gap)

Output gap:

= (Real GDP - Potential GDP) / Potential GDP

= (14.81 - 14.72) / 14.72

= 0.611%

Federal funds target rate is:

= 4% + 4% + (0.5 * (4% - 1%)) + (0.5 * 0.611%)

= 9.8055%

= 9.81%

What is product positioning?

Answers

Answer:

Positioning refers to the place that a brand occupies in the minds of the customers and how it is distinguished from the products of the competitors and different from the concept of brand awareness

Explanation:

Make me brainliest

Which are examples of marketing,sales,and service workplaces? Check all that apply

A:ladoratories
B:schools
C:vehicles
D:warehouses
E:farms
F:stores
G:offices

Answers

Answer:

they are correct

Explanation:

Warehouses, stores, and offices are examples of places of employment for marketing, sales, and service. Thus, options D, F, and G are correct.

Why do individuals work in sales, marketing, and service?

Most employees in these areas work there to boost product and service sales.

The vast majority of businesses depend on sales and marketing to generate revenues.

Their salespeople generate a large portion of their revenue. As a result, sales and marketing experts are highly sought after in all sectors of the economy.

It explains why marketing positions are available in every sphere of the economy.

As a result, the traditional places of employment for those in the marketing, sales, and service sectors are establishments like stores, factories, and warehouses.

In both your personal and professional life, a job in sales may provide you with stimulating and rewarding options.

The chance to become a top sales earner is available to those with the following qualities: creativity, knowledge, strategy, independence, confidence, and motivation.

Learn more about work in sales and marketing here:

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Renaissance Gallery converts photographs to portraits via a tedious hand painting process. Costs are tracked for each painting, with gallery overhead being applied at 130% of direct labor cost.
Renaissance Gallery began June with one job in process. This job related to the Price Wedding photo, and beginning work in process included total costs of $15,500 (direct labor, direct material, and applied overhead).
During June, four new jobs were begun. These consisted of the Ramirez family portrait, the Oberweiss farm photo, the Ravenwood big fish picture, and the Zhang baby picture. The only job remaining in process at the end of June was the Ravenwood big fish picture.
To date, $14,000 in direct labor and $4,400 of direct materials had been committed to the Ravenwood job.
Total direct labor incurred on all jobs during June was $70,100 Total direct material incurred on all jobs during June was $12,700.
(a) Compute the ending work in process inventory balance and the total cost assigned to finished jobs.
A. Ending work in process 36,820
Total costs assigned to finished goods 152,960
B. Ending work in process 36,580
Total costs assigned to finished goods 152,760
C. Ending work in process 46,600
Total costs assigned to finished goods 172,830
D. Ending work in process 36,600
Total costs assigned to finished goods 152,830
E. Ending work in process 36,420
Total costs assigned to finished goods 152,940
F. None of the above

Answers

Answer:

Renaissance Gallery

The ending work in process inventory balance and the total cost assigned to finished jobs:

F. None of the above

Explanation:

a) Data and Calculations:

Overhead application rate = 130%

Beginning work in process

(Price Wedding Photo) =         $15,500

Direct labor costs incurred on

all jobs during June                  70,100

Direct materials costs in June  12,700

Total cost incurred to date = $98,300

Ending work in process:

Direct labor      $14,000

Direct materials   4,400         $18,400

Cost assigned to finished     $79,900

  jobs                    


There are never shortages or surpluses when the price in a market is equal to the equilibrium price for the market.

True or False





Answers

Answer:

true

Explanation:

because that means no dead weight loss in the market

_____ can be used for up to 90 percent of its assessed value.


Real estate

Accounts receivable

Insurance policies

Equipment


(ONLY ANSWER IF YOU ACTUALLY KNOW)

Answers

it’s called real estate
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