0)
Explain how a soft drinks manager might change consumer attitudes toward the company's brand by: (a) changing beliefs about the brand; (b) changing beliefs about competing brands; (c) changing the relative evaluation of attributes; and (d) adding an attribute. Each student is required to choose a product from the list below or any product of your choice. (Each student is required to choose a different product)

Answers

Answer 1

To illustrate how a soft drinks manager might change consumer attitudes toward the company's brand, let's consider the example of a cola brand.
(a) Changing beliefs about the brand:
To change consumer beliefs about the brand, the manager can implement various strategies. This may involve conducting advertising campaigns, using social media platforms, and engaging in public relations activities to communicate the brand's positive attributes, quality, and unique features. The manager can highlight the brand's history, reputation, taste, and associations with positive experiences or emotions. By consistently delivering on these claims and reinforcing positive experiences, the manager can shape and improve consumer beliefs about the brand.
(b) Changing beliefs about competing brands:
To change consumer beliefs about competing brands, the manager can employ comparative advertising or marketing strategies. This could involve highlighting key points of differentiation between their brand and competitors, such as superior taste, healthier ingredients, or unique packaging. The manager can communicate the brand's advantages and benefits over competing brands, providing evidence or testimonials to support these claims. By effectively demonstrating the brand's superiority and addressing any misconceptions or negative perceptions about competing brands, consumer beliefs can be influenced in favor of the company's brand.
(c) Changing the relative evaluation of attributes:
The manager can influence consumer attitudes by altering the relative importance consumers place on different attributes when evaluating soft drink brands. This can be achieved through marketing efforts that emphasize specific attributes that align with the brand's strengths. For example, if the brand is known for its natural ingredients, the manager can emphasize the importance of health and wellness in consumers' evaluations of soft drinks. By highlighting the brand's positive attributes and framing them as more significant than other attributes, consumer attitudes can be positively influenced.
(d) Adding an attribute:
The manager can introduce a new attribute that sets the brand apart from competitors and resonates with consumers. This could involve incorporating sustainable packaging, promoting environmental initiatives, or introducing innovative flavor variations. By adding a new attribute that aligns with consumer preferences and values, the manager can create a unique selling point and differentiate the brand from competitors. The introduction of this new attribute can positively impact consumer attitudes and attract a wider consumer base.
Overall, by strategically focusing on changing beliefs about the brand, competing brands, the evaluation of attributes, and adding unique attributes, a soft drinks manager can shape consumer attitudes and build a favorable perception of the company's brand in the market.

To learn more about, Manager, click here, https://brainly.com/question/32150882


#SPJ11


Related Questions

One major reason why the Soviet Union could not convert to capitalism?
a.)Foreign investors withdrew funds
b.)The system was too complex
c.)They misused agricultural resources
d.)Businesses were moving out of the country

Answers

The Soviet Union could not easily convert to capitalism for various reasons, but one major reason was the complexity of the Soviet economic system.

The Soviet Union's economic structure was rooted in a centralized command economy that was designed to meet the country's industrial and agricultural demands. The country was established as a communist state, and any significant deviation from communism was seen as a betrayal of its ideology. Additionally, foreign investors withdrew funds from the country, and businesses started moving out of the Soviet Union due to economic policies and restrictions imposed by the government. The country also struggled with agricultural mismanagement, which resulted in food shortages and inefficient production. All of these factors made it difficult for the Soviet Union to make a smooth transition to a capitalist economy. Moreover, the Soviet Union's ruling party was hesitant to abandon communism and the central planning system that had been in place for decades. The Soviet leadership also believed that capitalism was a system that exploited workers and was not the solution to the country's economic challenges. Therefore, the Soviet Union could not easily convert to capitalism due to ideological, political, and economic challenges.

Learn more about capitalism here

https://brainly.com/question/25879591

#SPJ11

the opening of a business message using the direct approach must _____.

Answers

The opening of a business message using the direct approach must be clear and concise, providing the recipient with a straightforward idea of the purpose of the message. The direct approach emphasizes the main point at the beginning of the message, rather than saving it for the end, which can make the message more effective.

When using the direct approach, it is important to use simple language and avoid using unnecessary words or phrases that can distract the recipient from the main point. A direct opening should also be professional, yet friendly and courteous, setting a positive tone for the rest of the message. By using the direct approach in the opening of a business message, the recipient is more likely to understand the message's purpose and take the appropriate action, leading to more efficient and productive communication between the sender and the recipient.

To Learn more about business message. Click this!

brainly.com/question/31982053

#SPJ11

Discuss 15 ways of using the theory of comparative advantage of solving the economic crisis in Ghana

Answers

Encouraging businesses to specialize in goods and services where they have a comparative advantage, leads to increased efficiency and competitiveness. Identifying the sectors in which Ghana has a comparative advantage and focusing on developing these industries through investment and infrastructure development.

Promoting exports of goods and services that Ghana has a comparative advantage in, to increase foreign exchange earnings. Encouraging foreign investment in sectors where Ghana has a comparative advantage.

Improving the education and skill levels of the workforce to increase their comparative advantage in the global market. Promoting entrepreneurship in sectors where Ghana has a comparative advantage.

Encouraging research and development to increase innovation and comparative advantage. Strengthening the legal and regulatory framework to attract foreign investment and promote business growth.

Improving the efficiency and productivity of businesses to increase their comparative advantage. Diversifying the economy to reduce dependence on a single sector and increase comparative advantage in multiple sectors. Improving transportation and communication infrastructure to increase the competitiveness of businesses. Encouraging the development of small and medium enterprises to increase competitiveness and comparative advantage.

Promoting collaboration and partnerships between businesses to increase their comparative advantage. Encouraging the development of new technologies to increase efficiency and comparative advantage. Fostering a business-friendly environment to increase investment, competitiveness, and comparative advantage.

To learn more about comparative advantage

https://brainly.com/question/14668211

#SPJ4

Anyone who has the power to sway or persuade others, especially via their opinions and posts on a specific topic, market or industry, is known as a/an:
А
sharer
B
participant
С
contributor
D
influencer

Answers

They are known as D, an influencer.

Which does not demonstrate the progression of important human technology?
a. from feather pen to typewriter to computer b. from railroad to horse-drawn carriage to automobile
c. from telegraph to telephone to cell phone
d. from fire pit to fireplace to oven​

Answers

From fire pit to fireplace to oven does not demonstrate the progression of important human technology. option D

Which does not demonstrate the progression of important human technology

From fire pit to fireplace to oven​ as it refers to the development of a specific technology, namely cooking appliances. While the development of cooking technology has certainly been important for human society, it is not necessarily indicative of a broader trend in the development of technology.

On the other hand, options a, b, and c all demonstrate a clear progression of technology over time in various fields, including communication and transportation.

Learn more about human technology at https://brainly.com/question/14573463

#SPJ1

When interviewing an SME, you should already be an SME yourself. True or False

Answers

False. It is not necessary to be a Subject Matter Expert (SME) in the topic area you are interviewing to get meaningful insights from an SME. As an interviewer.

Your job as an interviewer is to ask the right questions and engage the SME in an informative and insightful conversation about their area of expertise. The aim is to draw out insights from the SME that may not be common knowledge among the general population.

If you are not already an SME in the topic area, you can prepare by researching the topic beforehand, so that you have a basic understanding of the subject matter. This will enable you to ask informed questions and follow-up with relevant questions to get a deeper understanding of the SME's insights.

To know more about  necessary visit:

https://brainly.com/question/31550321

#SPJ11

Suppose the market for grass seed can be expressed as: Demand: QD =380−10p Supply: QS =80+5p (a) The before-tax equilibrium price is $ _______________ and quantity is _______________ Assume that the government collects a $6 specific tax from sellers. (b) The price consumers will pay after the tax is $ _______________ and the price sellers will receive after the tax is $ _______________ (c) The quantity demanded after the tax is _______________ (d) The tax revenue is $ _______________ Hint: Type integers.

Answers

The before-tax equilibrium price is $26 and the quantity is 54.The price consumers will pay after the tax is $32 and the price sellers will receive after the tax is $26.The quantity demanded after the tax is 48.The tax revenue is $288.

(a)To find the equilibrium price and quantity, we set the quantity-demanded (QD) equal to the quantity supplied (QS) and solve for the price (p). By equating QD = 380 - 10p and QS = 80 + 5p, we get 380 - 10p = 80 + 5p. Solving for p gives p = $26. Substituting this price into either the demand or supply equation gives QD = QS = 380 - 10(26) = 80 + 5(26) = 54.(b)When a specific tax of $6 is imposed on sellers, the price consumers pay increases by the amount of the tax. Therefore, the new price consumers will pay is $26 (before-tax equilibrium price) + $6 (tax) = $32. The price received by sellers will be reduced by the amount of the tax, resulting in a price of $26 (before-tax equilibrium price). (c)To determine the quantity demanded after the tax, we substitute the new price ($32) into the demand equation: QD = 380 - 10(32) = 48. (d)Tax revenue can be calculated by multiplying the tax per unit ($6) by the quantity sold after the tax (48): Tax revenue = $6 × 48 = $288.

To learn more about quantity-demanded , click here : https://brainly.com/question/12538447?

#SPJ11

(iii) Which one of the following types of discrimination is protected by legislation?
Select one answer.

A) Age
B) Ability
C) Social
D) Ethical

Answers

Laws are in place to protect against age discrimination. There is no specific statutory authority in India that deals with issues related to age discrimination because there is no codified law on the subject.

Is ageing a characteristic that is protected?

According to the Equality Act, one protected feature is age. When you are treated unfairly because of your age or because you belong to a specific age group, this is known as age discrimination.

What actual instances of age discrimination are there?

When you are treated less favourably than another individual in a comparable circumstance just because of your age, this occurs. For instance, your employer denies your request to enrol in a training course because she believes you are "too old," yet she permits your younger coworkers to do so.

To know more about discrimination visit:-

https://brainly.com/question/29801080

#SPJ1

A callable bond:
A. would usually have a lower yield than a similar non-callable bond.
B. is attractive to the buyer because the immediate receipt of principal and premium usually produces a higher return.
C. is more apt to be called when interest rates are high because the interest savings will be greater.
D. generally has a higher credit rating than a similar non-callable bond.
E. is attractive to the issuer because it allows the issuer to prepay outstanding debt if new debt can be issued at lower rates.

Answers

Answer:

cookies

Explanation:

no reason

_____resulted in people planting more cotton, expanded the use of slave labor

Answers

Eli Whitney's mechanical cotton gin resulted in people planting more cotton, and expanded the use of slave labor. By far most of enslaved Africans utilized in ranch horticulture were field hands.

Developing more cotton implied an expanded interest in slaves. Slaves in the Upper South turned out to be unbelievably more significant as wares given this interest for them in the Profound South.

The cotton gin made cotton massively productive, which urged the west movement to new regions of the US South to develop more cotton. The number of oppressed individuals rose with the expansion in cotton creation, from 700,000 in 1790 to more than 3,000,000 by 1850.

Learn more about slave labor:

https://brainly.com/question/4492951

#SPJ4

1. Why is it so hard to become an accountant in the Philippines when there is a high demand for it?

Answers

Accountancy has reportedly been one of the most sought-after courses since, according to what I know. Accountants are in higher demand as additional demand business types start to appear in the developing Philippine economy. The difficulty of staying current with tax legislation is one that accountants continuously deal with.

In the Philippines, all tax and auditing services should be informed of the developments and make effective use of technology. Utilize technology demand to file taxes online. With subjects in math, finance, business, and Accountants, the course load is fairly heavy. Even if some ideas can be difficult, you can succeed if you study the subject and take the time to make sure you comprehend accounting principles in their entirety.

To learn more about Accountants, click here.

https://brainly.com/question/22917325

#SPJ1

What was the impact of the Suez Canal Crisis 2021?

Answers

The canal obstruction has a substantial detrimental effect on trade between Europe, Asia, and the Middle East as it is one of the busiest trading routes in the world.

The Suez Canal Authority hired the Dutch firm Royal Boskalis Westminster through its subsidiary Smit Salvage to oversee marine salvage operations as soon as the ship was grounded. Their team of professionals planned the timing and focus of activities while juggling a group of Egyptian, Dutch, and Japanese employees in close cooperation with the Canal Authority.

Suction dredgers were required to remove sand and silt from the ship's bow and stern, and tugs were required to exert force to move the ship by towing or pushing. The weight of the ship's fuel oil and water ballast was intended to be reduced or distributed using large-capacity pumps. I

To know more about Suez Canal:

https://brainly.com/question/29760169

#SPJ4

Click this link to view O‘NET's Tasks section for Helpers Production Workers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O'NET, what common tasks are
performed by Helpers—Production Workers? Check all that apply.
examining products
observing equipment operations
designing products
managing budgets
lifting materials, products, and items
operating machinery used for production

Answers

Answer: • examining products

• observing equipment operations

• lifting materials, products, and items

• operating machinery used for production

Explanation:

According to O'NET, the common tasks are performed by Helpers—Production Workers include:

• examining products

• observing equipment operations

• lifting materials, products, and items

• operating machinery used for production.

It should be noted that the designing of products and the managenent of budgets is not the responsibility of the helpers production. Therefore, the correct options are 1, 2, 5 and 6.

Answer:

The other person is correct, the answers are A, B, E, F.

Explanation:

Click this link to view ONET's Tasks section for Helpers Production Workers. Note that common tasks are

the marketing and product development teams at kyle's company meet once each month to brainstorm ideas. this monthly meeting is an example of a(n) blank used at kyle's company. multiple choice question.

Answers

The marketing and product development teams at Kyle's company meet once each month to brainstorm ideas. This monthly meeting is an example of a(n) process used at Kyle's company.

A process or a business process is basically a collection of certain tasks which are linked to each other and that basically find their end in the delivery of a particular service or a product to the client. A business process can also be basically defined as a set of activities as well as the tasks which when they are completed will help achieve certain organizational goal.

The one a month meeting between product development as well as marketing teams at Kyle's company are an example of the process which are being used at the company.

To know more about business process

https://brainly.com/question/13402556

#SPJ4


Pleaseee help
P
L
E
A
S
E

Pleaseee helpPLEASE

Answers

Answer:

What should I help dude

To meet the needs of its customers and help it achieve its company goals, a drugstore offers a large assortment of products, known as its product.

Answers

To meet the needs of its customers and help it achieve its company goals, a drugstore offers a large assortment of products, known as its product mix.

A product mix is the total variety of product lines and individual products or services an organization offers. To boot noted as product assortment or product portfolio. Product combines vary from company to company. Some have multiple product lines with many products in every line.

For example, an organization could sell multiple product lines, with the merchandise lines being fairly similar, like dentifrice, toothbrush, or solution, and alternatives such as toiletries.

Product mix, additionally called product assortment, refers to the entire variety of product lines an organization offers its customers. The four dimensions of a company's product combine embody breadth, length, depth and consistency.

To learn more about product mix, visit here

https://brainly.com/question/22852400

#SPJ4

Differences between Communism, capatilism, socialism essay

Answers

Capitalism and communism are different in their political and economic ideologies. Capitalism and Communism never go together. One of the major differences between capitalism and communism is with regard to the resources or the means of production.In Communism, the community or society solely owns the resources or the means of production. An economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state is called capitalism. On the other hand, a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole is known as the socialism.In capitalism, the individual’s right is the basic principal, whereas, in socialism, the equality among people is the basic principal. In capitalism, the maximum profits and incomes are for the investors or the individuals, whereas in socialism, the equal distribution of wealth among the people of the country.

Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?​

Answers

Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450

How to find the biweekly gross pay?

A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.

In a year, the number of two week periods are :

= Number of weeks / 2

= 52 / 2

= 26 biweekly periods

The biweekly salary of Brooklyn is therefore :

= Annual salary / number of biweekly periods

= 63, 700 / 26

= $ 2, 450

Find out more on biweekly gross pay at https://brainly.com/question/28772792

#SPJ1

in the event that a life insurance policy has lapsed, which of the following actions is not required of the policyowner before an insurance company will reinstate the policy? all back premiums must be paid interest payments on past-due premiums may be required evidence of insurability is required a new application for insurance must be established

Answers

The policyholder is required to pay all back premiums before the insurance company reinstates the lapsed life insurance policy. Here option A is the correct answer.

When a life insurance policy lapses, the policyholder may have the option to reinstate the policy by paying all back premiums and any interest owed on past-due premiums. In addition, the insurance company may require evidence of insurability, such as a medical exam, to ensure that the policyholder is still insurable.

However, a new application for insurance is typically not required in the reinstatement process. This is because the original policy is still in force, albeit lapsed, and can be reinstated as long as the policy owner fulfills the necessary requirements. A new application would create a new policy altogether, and the policy owner may not be eligible for the same coverage or premiums as before.

It is important to note that the requirements for reinstating a lapsed policy can vary depending on the specific terms and conditions of the policy and the insurance company's policies. It is always best to consult with the insurance company and review the policy documents to fully understand the reinstatement process and requirements.

To learn more about policyholders

https://brainly.com/question/31522286

#SPJ4

Complete question:

Which of the following actions is NOT required of the policy owner before an insurance company will reinstate a lapsed life insurance policy?

a) All back premiums must be paid

b) Interest payments on past-due premiums may be required

c) Evidence of insurability is required

d) A new application for insurance must be established

why it is important to prepare a bank reconciliation statement at the end of each month​

Answers

Explanation:

The purpose of preparing a Bank Reconciliation Statement is to detect any discrepancies between the accounting records of the entity and the bank besides those due to normal timing differences. Such discrepancies might exist due to an error on the part of the company or the bank.

What is the difference between a total and a subtotal?

Answers

Explanation:

SUB-TOTAL:

The total for a part of a list of numbers being summed.

TOTAL:

An amount obtained by addition of smaller amounts.

Answer:

subtotal is all the different parts being added together from different list.

total is the all items being added together plus tax.

Explanation:

An FHA loan made last year may be assumed:

-only by a buyer who intends to occupy the property

-only by a buyer who intends to occupy the property as a primary residence

-only by a buyer who has had an FHA loan before

-by any buyer, regardless of whether he intends to occupy the property

Answers

Loans after that date may also be assumed, but the Federal Housing Administration requires a" creditworthiness supposition process". Simple hypotheticals may not bear FHA blessing, but the borrower and lender must work out the details together.

What happens to the property?

For all loans after the 1986 cut off date, FHA blessing and borrower credit verification are needed. The" new" FHA rules governing loan supposition requires the borrower to qualify important in the same way he or she'd qualify for any other FHA home loan.

A loan supposition credit check is done in the same way as the procedure for any FHA loan operation. Loan hypotheticals can not offer more lenient credit check programs or more strict bones

According to the FHA, under the" Determining if an Assumptor is Creditworthy" rule," The lender who's the holder or servicer of the mortgage determines the creditworthiness of the assumptor, in agreement with standard mortgage credit analysis conditions. The Direct Countersign( DE) lender may also use an approved authorized agent to reuse hypotheticals."

To know more about Federal Housing Administration (FHA) visit:

brainly.com/question/14365664

#SPJ4

Ria Private Corporation is into mobile phones manufacturing field. It has seen a major improvement in cost reduction as it has instituted a four-week training program for all of its employees who are under probation. During training sessions, new joiners are encouraged to express their views and ideas and asked to make it a two-way communication while interacting with the speaker. Trainers have rewarded the good ideas immediately to make the session more effective as a token of encouragement. Which of the following factors would better describe the success of training? Answer choices: a. Task analysis b. Situational constraints c. Social support d. Cognitive ability

Answers

The success of training in Ria Private Corporation, which is into mobile phones manufacturing field, would be better described by social support. Social support would better describe the success of training.

"What is social support"? Social support refers to the encouragement and aid provided to an individual by their social network. Social support is the notion of being able to rely on others when in need. It can take a variety of forms, including emotional, practical, or informational assistance.What is the importance of social support?Social support has a number of advantages, including improved physical health, mental well-being, and the ability to cope with adverse events.

It is particularly beneficial to those who have experienced traumatic events, such as disasters or interpersonal violence. It can help to reduce the harmful effects of stress, such as high blood pressure, and is linked to better recovery rates from illness.

Learn more about mobile phones manufacturing field here:https://brainly.com/question/29406086

#SPJ11

2. A coupon bond that pays interest semi-annually has a par value of $1,000, matures in seven years, and has a yield to maturity of 11%. The price of the bond today will be __________ if the coupon rate is 8.8%.

Answers

Therefore, the price of the bond today will be $320.44 if the coupon rate is 8.8%.

To calculate the price of the bond, we need to use the bond pricing formula:

\(Bond Price = (C / (1 + r/n)^{(nt))} + (F / (1 + r/n)^{(nt))}\)

Where:

C = Coupon payment per period

r = Yield to maturity (YTM)

n = Number of compounding periods per year

t = Number of years until maturity

F = Face value or par value of the bond

In this case, the bond pays interest semi-annually, so there are two compounding periods per year (n = 2). The par value of the bond is $1,000 (F = $1,000), and it matures in seven years (t = 7).

The coupon rate of the bond is 8.8%, which means that the coupon payment per period is:

C = Coupon rate * F / n

C = 8.8% * $1,000 / 2

C = $44

The yield to maturity of the bond is 11%, so r = 0.11.

Now we can plug in the values into the bond pricing formula:

Bond Price = ($44 / (1 + 0.11/2)²⁷) + ($1,000 / (1 + 0.11/2)²⁷)

Bond Price = ($44 / 1.914) + ($1,000 / 1.914^14)

Bond Price = $22.99 + $297.45

Bond Price = $320.44

To know more about bond,

https://brainly.com/question/15518377

#SPJ11



The rise of nationalism is evident through all the following except
Multiple Choice
A. Increased domestic lending.
the election of President Trump.
B.WTO protests.
C. Brexit referendum.
D.strong protests to immigration.

Answers

Answer:

A. Increased domestic lending.

Explanation:

Give me brainliest if that helped!

1. Why women, why food? Define the different types of eating disorders and summarize their occurrence in US Who suffers the most from these disorders? What are the causes of eating disorders?
2. Explain the 2 ways the Internet reinforces current standards about gender and other identities. Is the Inernet increasing or minimizing the gap between the "haves" and the "have-nots"? Explain also how it can provide opportunities, giving examples.
3. Discuss the politics of sterilization practices in terms of the intersections of systems of inequality and privilege with these procedures.

Answers

Eating disorders such as anorexia nervosa, bulimia nervosa, and binge eating disorders are seen and associated with eating disorders. The internet can reinforce current standards about gender and other identities in two main ways: through algorithms and through social media. Eugenics and coercive sterilization are included under sterilization.

Anorexia nervosa is an intense fear of gaining weight and severe restriction of food intake, while bulemia nervosa includes compensatory behaviors such as self-induced vomiting and excessive exercise. According to the National Eating Disorders Association (NEDA), it is estimated that 20 million women and 10 million men in the U.S. will experience an eating disorder at some point in their lives. On social media platforms and online communities, sterilization policies were influenced by eugenics, a pseudoscientific belief in improving the genetic quality of the human population through selective breeding.

Learn more about eating disorder here.

https://brainly.com/question/29674568

#SPJ4

Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:

(Choice A)
A
The supply of the resource exceeds the demand of the resource.

(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.

(Choice C)
C
There is a demand for that resource with limited supply.

(Choice D)
D
There is limited supply of a resource with no demand for that resource.

(Choice E)
E
The resource has unlimited supply and limited demand.

Answers

There is a demand for that resource with limited supply  are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.

As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply   growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.

To learn more about scarce resource, click here.

https://brainly.com/question/1581220

#SPJ1

What do think about women getting less salary than men?

Answers

Answer:

You know in my opinion if this world was really considered fair than humans beings wouldn't be paid different just because of their gender, i'd say girls can pretty much do anything guys can do hands down. But in reality girls just never get their shot to prove instead we get paid less, treated differently, and judged.

7) Patrick owns a small but successful business selling and fitting bathrooms. He operates from a showroom
that costs him £36 000 a year. Last year he fitted 40 bathrooms with an average price of £4 000. His
variable costs are 50% of his selling price.
Calculate:
a.
Patrick's sales revenue
/1 mark
b. Patrick's total variable costs
/1 mark
c. Patrick's total costs
71 mark
d. Patrick's profit
/1 mark
10. What is Patrick's new profit as a percentage of sales revenue?
/3 marks​

Answers

a. Patrick's sales revenue is £160,000

b. Patrick's total variable costs is £80,000

c. Patrick's total costs is £116,000

d. Patrick's profit is £44,000

10. Patrick's new profit as a percentage of his new sales revenue is 34.09%.

a. Patrick's sales revenue can be calculated by multiplying the number of bathrooms fitted with their average price. Therefore, Patrick's sales revenue for the last year can be calculated as:

Sales Revenue = Number of Bathrooms * Average Price per Bathroom

Sales Revenue = 40 * £4,000

Sales Revenue = £160,000

b. Patrick's variable costs are 50% of his selling price. Variable costs are those costs that vary with the level of output. In this case, Patrick's variable costs include the cost of materials, labor, and any other expenses directly related to fitting the bathroom. Therefore, Patrick's total variable costs can be calculated as:

Total Variable Costs = Variable Cost Percentage * Sales Revenue

Total Variable Costs = 0.5 * £160,000

Total Variable Costs = £80,000

c. Patrick's total costs include both fixed and variable costs. Fixed costs are those costs that remain constant irrespective of the level of output. In this case, Patrick's fixed costs include the cost of the showroom, which is £36,000 per year. Therefore, Patrick's total costs can be calculated as:

Total Costs = Fixed Costs + Total Variable Costs

Total Costs = £36,000 + £80,000

Total Costs = £116,000

d. Finally, we can calculate Patrick's profit using the formula mentioned above. Therefore, Patrick's profit can be calculated as:

Profit = Total Revenue - Total Costs

Profit = £160,000 - £116,000

Profit = £44,000

Now, let's answer the final question:

Suppose Patrick increases his sales revenue by 10%. In that case, we need to calculate his new profit as a percentage of his new sales revenue. Let's calculate it step-by-step.

New Sales Revenue = 1.1 * Sales Revenue

New Sales Revenue = 1.1 * £160,000

New Sales Revenue = £176,000

New Profit = New Sales Revenue - Total Costs

New Profit = £176,000 - £116,000

New Profit = £60,000

Profit Margin = (New Profit / New Sales Revenue) * 100

Profit Margin = (£60,000 / £176,000) * 100

Profit Margin = 34.09%

To know more about profit here

https://brainly.com/question/15036999

#SPJ4

Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done

Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks

Answers

Answer:

1. obtaining signed receipts for mail

2. sorting mail

3. delivering mail

Explanation:

Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.

The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.

Answer:

AEF

Explanation:

Other Questions
QUESTION 8 A manufacturer is considering to purchase a new processing machine. The initial cost of the machine will be $300 000. The expected increase in net cash inflow as a result of the purchase is $75 000 for the first year and $160 000 for each of the next two years. The machine will have a salvage value of zero. The weighted average cost of capital for the manufacturer is 7%. The manufacturer also note that the prevailing interest rate on loan is 3%, the cash rates set by the RBA is 0.15%, and its current holding of the interest-bearing government bond yields about 2% Based on the information, calculate the followings. a. NPV Case sensitive. Type in 40,000.00 for $40000 b. IRR Case sensitive. Type in 10.00 for 10% Evaluate f(x) = 13(6)x x=3 . $400 is invested part at 5% and the other part at 6%. how much is invested at each rate if the total annual interest is $225 A researcher wants to determine what controls smooth muscle contractility. Case 1. First, while keeping other factors constant, he added a drug that specifically activated the activities of Rho kinase. (a) What happened to the contractility of the cell? Why? Case 2. further testing, he separately added a different reagent that could inhibit the activity of m light chain kinase. (b) What happened to the cell contractility this time? Why? Case 3. Then he repeated the above in Case 1 when myosin light chain kinase activities were either increased or decreased (c) Speculate the contractile the smooth muscle cell. many british writers, sometimes called romantics, were horrified by the ________ that industrialization caused. The points (1,r) and (5, -3) lie on a line with slope4Find the missing coordinate r. 9 Plants cost 18.00. How much would 3 plans cost? All systems of stratification contain one inherent quality, that of __________. Simply put, a lack of equal access to the desirable things a society offers is a central trait of all stratification systems. Is frequency the distance between waves? which postoperative complications can be reduced by appropriate client teaching about deep-breathing exercises? select all that apply. Examine a centers for disease control (cdc) advertising campaign that promotes the influenza (flu) vaccination. Assume the conditions of the regression model hold. A 99% confidence interval for the unknown population slope B, will be constructed. What is the critical value of an interval? a) 2.821 b) 2.896 c) 3.355 d) 3.250 what blood alcohol level is a 180-pound man older than 21 years of age considered legally intoxicated in most states? Roadside Inc's new product would sell for $35.93. Variable cost of production would be $12.30 per unit. Setting up production would entail relevant fixed costs of $256,769. The project cannot go forward unless the new product would earn a return on sales of 17%. Calculate breakeven sales in UNITS, meeting the profit target. (Rounding: tenth of a unit.) Please show breakdown pls hurry will mark brainliest if you show work plsx + 10 = - x + 28 STP (Segmentation, Targeting and Positioning) on New ProductIdea [Course name: Marketing Management] Lets say that you want to understand the consequences of global warming. How will you approach the subject, assuming youwant to understand the consequences one year from now, or fifty years into the future? solve for y* w + py = e Do any one know the complete sentences? suppose that in a particular sample, the mean is 70.07 and the standard deviation is 10.27. what is the z score that corresponds to a raw score of 80? (hint: think to your z-score formula.