Budget gives business people a range of limited money to work with, meaning that they only have so much and no space for bad decisions. Bad decisions will then influence their way of understanding of limit and learn from it. This then pushes business people to make better decisions. Better decisions help them make more profit, increasing their budget.
How did Selfridge’s idea of discounted merchandise affect the retail world as a whole?
Answer:there’s all of them word it differently please
Explanation:
Lesson two unit lab for advertising sales promotion
Profits not always the point
1) Consistent, Competitive & Profitable
2)doing good
3)finding a purpose
4. Values and purpose
5)profit is definitely an added perk, if your company is making good profits then you can offer incentives such as bonuses or other things for your employees to do their best every day.
Secrets of selfridges
1)he had an approach to marketing he drew people in
2)he advertised in a newspaper he would fly the flag above the shop he wrote articles defending their cause
3. It made him popular with women shoppers when things turned violent people protected his store
4. He treated everyone the same this was revolutionary because the classes were separated so it was integrating the classes and treating them all the same even though that wasn’t everyone’s outlook on it
5. Sales became a worldwide tradition
find the square root of 31-4√21
Explanation:
3x+4=-2 hope that helps.
In the united states what is the significance of April 15
Answer:
Hope it helps
have a good day Ahead
April 15th of the United States is Tax day
3. Improving employee motivation is likely to:
A
B
С
D
- encourage staff to work harder
increase staff absence
lower productivity
reduce workforce punctuality
Can someone help me with this. Will give brainly
Assignment 1R
(20 points)
Assignment 1R: Selling and Pricing
Instructions
Save this file in your course folder, and name it with Assignment, the assignment letter, the section number, and your first initial and last name. For example, Jessie Robinson's assignment 1R for Section 1 would be named Assignment1RJRobinson.
Type the answers to the assignment questions below. Use complete sentences unless the question says otherwise. You will have more than one day to complete an assignment. At the end of each day, be sure to save your progress.
Review Lesson 4 of the Course Overview for instructions about turning in your assignments.
Assignment Questions
In Section 1, you learned about selling and pricing. Now, you'll apply what you learned.
1. Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of company that you would be interested in working for or starting up yourself.
a. Describe the product the company sells. (1-3 sentences. 2.0 points)
b. Which needs in Maslow's hierarchy does this product appeal to? Why would customers want this product? (1-5 sentences. 3.0 points)
c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences. 3.0 points)
d. What sales methods do you think would work best for selling this product? TIP: Would you sell the product online, over the phone, in a store, etc.? (1-5 sentences. 2.0 points)
e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)
f. What price do you think the company should charge for this product? Explain what factors you considered in deciding what price to charge. (1-6 sentences. 4.0 points)
g. What pricing strategies do you think would be most successful for this type of product? Describe at least one strategy that would work well for this product, and explain why you believe it would work. TIP: Pricing strategies include psychological pricing, unit pricing, product line pricing, promotional pricing, penetration pricing, and price skimming. (1-6 sentences. 4.0 points)
Answer:
1. Choose a type of company that would have sales people, and then answer the following questions about it. TIP: Choose a type of company that you would be interested in working for or starting up yourself.
a. Describe the product the company sells. (1-3 sentences. 2.0 point
This company sells items like Phones, Laptops, Headphones, Apple Car Play, Chargers.b. Which needs in Maslow's hierarchy does this product appeal to? Why would customers want this product? (1-5 sentences. 3.0 points)
Apple items, such as phones, tablets, and computers, are used to interact with others, so I believe it belongs in the social level.c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences. 3.0 points)
They will assist in the marketing of the product they are selling by offering examples that would aid in the sale of the product. The more the product does, the higher the fee paid to the salesperson. They will probably not need much assistance, as a salesperson's primary duty is to help the company market its product or service effectively.d. What sales methods do you think would work best for selling this product? TIP: Would you sell the product online, over the phone, in a store, etc.? (1-5 sentences. 2.0 points)
Right now, I'd do it on a few different websites. as a result of the pandemic If the pandemic was over, the safest place to be would probably be in a Cellphone store. Since so many people watch television, I will often advertise on television advertisements. or I'd use social media to advertise because I know a lot of teenagers and young adults who love apple and use social media.e. Describe the methods you would use to pay and motivate sales people to sell this product. Would you use sales quotas or a particular type of commission structure? Why or why not? (1-5 sentences. 2.0 points)
-I would use progressive commission sales, for example:
number of units sold sales commission
0 - 250 2.75%
251 - 500 4.50%
501 - 750 6.25%
751 - 1,000 8.75%
1,001 - 1,250 10.50%
-Salespeople would be inspired to sell more units in this manner because they will see a substantial rise in their profits as their sales volume increases.
f. What price do you think the company should charge for this product? Explain what factors you considered in deciding what price to charge. (1-6 sentences. 4.0 points)
I think the company should charge 75$ for headphones, 350-400 for laptop, and 400$ phones. I believe that if prices were lowered the more product would be bought. Not saying their products aren't worth the price that they already are but i believe lower price higher product in demand.g. What pricing strategies do you think would be most successful for this type of product? Describe at least one strategy that would work well for this product, and explain why you believe it would work. TIP: Pricing strategies include psychological pricing, unit pricing, product line pricing, promotional pricing, penetration pricing, and price skimming. (1-6 sentences. 4.0 points)
I would do promotional pricing because if I can get customers to get interested in the product quicker, it would be better in the long run. Promotional pricing is when there is a short time of a lower price to increase the volume of sales. Which is why chips/salsa/etc go on sale around the biggest sporting events.Many of your friends and family have pet dogs and cats. Each summer you enjoy looking after the pets, for example, taking dogs for walks and feeding them. As you care for the animals so well, one of your friends has suggested that you should start a ‘pet-care’ business for pet owners within a three mile radius of your home. You plan to look after their pet while they are on holiday.
You decide first to carry out some market research.
(a) Identify two purposes of market research. (2) set your answer like below
Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
Which of the following is one of the purposes of an administrative agency?
A. To develop laws that are later voted on by Congress
B. to enforce statutes enacted by Congress
C. to take pressure off local and state resources
D. to evaluate the feasibility of retaining laws
Answer:
I believe it is B.
Explanation:
Administrative agencies are places like Police stations i think, and their jobs are to do what the states and the government tell them to do. They help execute the laws, so to me the only possible asnwer that makes sense is B. Hope this helped someone!
Can someone please help me with this question!
Answer:
I think you got it right*
Explanation:
I think this is the same question I took.
Sonia has often thought of going into business for herself. She has had a lot of great ideas.
They must have been great, she thinks, because other people have made a lot of money with
similar concepts. Sonia just never seems to get started on putting her ideas to work.
What should Sonia do if she wants to turn her ideas into reality? What entrepreneurial
characteristic does she need to develop? Why is it important to all entrepreneurs?
Answer:
needs to make a business plan . it is important to all entrepreneurs because it helps them plan out their future for thier buisness like their customers and if they will go into debt
Sonia should start by laying out a plan for her business. Planning is important as it is a detailed document outlining a company's objectives and how it intends to achieve them.
What are entrepreneurial characteristic ?The four key characteristics: vision, passion, adaptability .
Vision- Innovation cannot occur without vision, the ability to not only recognize opportunity and connect dots, but also to question why a solution to a problem does not exist.Enthusiasm- Entrepreneurs are incredibly passionate and mission-driven. They have an unshakeable sense of purpose and an innate ability to lead from the heart. Adaptability- Adaptability is required of entrepreneurs. We live in a highly dynamic world where economic and other conditions change very quickly and are generally beyond our control.To learn more about entrepreneurial characteristic
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Which statement best describes the lesson we can learn from Lupe's experience?
It’s too much work to open a checking account.
It’s only important to track large amounts in personal records.
It’s important to keep accurate records.
It’s best to use only one document to track spending.
Answer: it’s important to keep accurate records
Explanation:
Just did it
Considering the story of Lupe, the best statement that describes the lesson we can learn from Lupe's experience is "It’s important to keep accurate records."
The story of Lupe revealed that when people from authority tend to assess and crosscheck the accounting records when performing the auditing process.
This process is to check the actual proof of the transaction and look for any inaccuracies.
Any inaccuracies found could be used as a basis to indict people for financial fraud, regardless it is an honest mistake or not.
Hence, in this case, it is concluded that the correct answer is option C. "It’s important to keep accurate records.
Learn more about auditing here: https://brainly.com/question/25388600
I will mark you as brainliest!!
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
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.
Learn more about stock prices here:
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A global computer network providing a variety of information and communication facilities, consisting of interconnected networks using standardized communication protocols.
Answer:
The correct answer is "Internet".
Explanation:
A global structure of data networks, the collection of several types of networks throughout which the clients at any device will, whether they have the authorization, obtain some technical information from other devices, recognized as an internet. Which utilizes a fraction of that same cumulative capacity of the already additional infrastructure network systems.American Airlines paid the television producer to be a part of the show. This is known as ...
Drivers can incur fines for the following reasons:
A. Obstructing driveway issues on Complaint $60.50
B. Parking in a Handicap space/no plate or card $200.00
C. Parked on sidewalk $25.00
D. All the Above
Answer:
D. All of the above
Explanation:
Answer:
All of the above
Explanation:
You can deduct money on all these reasons
Need help with this question below? Question 1
Please hurry!! Imagine that you have been approved to participate in a cooperative education program. In two or three sentences, indicate where you would like to work and describe what you hope to learn from your job placement there. Be sure to include three to five specific examples of what you would hope to learn.
Answer:
Answer:
A response might look similar to what is below.
Explanation:
I would like to work in an elementary school. I would hope to learn what is to be taught and how it is to be taught. I hope to learn about the expectations for student learning and also the expectations of a classroom teacher. I also would like to learn the type of education I need to become an elementary school teacher.
A loss is when
A. Revenue is greater then expenses
B. Revenue is less than expenses
C. Revenue is equal to expenses
D. None of them
The answer is B revenue is less than expenses
I got a 50 the first time taking this, don’t know what I got wrong.
Answer:
Has no change
Explanation:
When sales taxes are imposed, the change is barely noticeable to the buyers and they adopt to it
If $500 is placed in a savings account paying 10 percent per year compounded annually, what will the account balance be at the end of the year?
a.$550
b.552.36
c.$505
d.$600
Answer:
b
Explanation:
hope this helps you out
Help with Question 1 at the bottom? Pls for homeworkkk
Answer:the bottom question?
Explanation: