For the payroll period ended on June 25, 2019, gross pay was $20,100, net pay was $11,800, FICA tax withholdings were $3,300, income tax withholdings were $4,000, and medical insurance contributions were $1,000.
Required:
Use the horizontal model to show the effects of the payroll accrual on June 25, 2019. Indicate the financial statement effect. (Enter decreases with a minus sign to indicate a negative financial statement effect.)
Answers
Revenues: The gross pay of $20,100 is recognized as revenue because it is the amount earned by the employees during the payroll period.
Liabilities: The FICA tax withholdings of $3,300, income tax withholdings of $4,000, and medical insurance contributions of $1,000 are liabilities that the company owes to the respective government authorities and insurance company until they are paid.
Expenses: The net pay of $11,800 is recognized as an expense because it is the amount paid by the company to the employees during the payroll period.
The accrual does not affect equity or assets.
The financial statement effects are as follows:
Income Statement: The revenue recognized increases the revenue line item. The expense recognized decreases the net income.
Balance Sheet: The liabilities recognized increase the liabilities line item.
Cash Flow Statement: There is no effect on the cash flow statement because the payroll was already paid.
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Related Questions
In today's economy, personal selling has evolved to take on elements of customer service and marketing research. Why is this the case?
a. It is less expensive to deliver service and conduct research with the sales staff.
b. It is more time efficient because salespeople are already interacting with customers.
c. Personal selling focuses more on developing customer relationships than on generating transactions.
d. It allows salespeople to earn higher commissions for doing more work.
e. None of the above is correct.
straight salary
Answers
The "Personal-Selling" take on elements of customer service and marketing research is because (c) "Personal-Selling" focuses more on developing customer relationships than on generating transactions.
The "Personal-Selling" is defined as a sales-strategy that involves face-to-face interaction between a salesperson and a potential customer.
In the past, personal selling was often seen as a transactional-process where the primary goal was to close a sale.
In today's economy, personal selling has evolved to take on a more relationship-oriented approach, where the goal is to build long-term relationships with customers.
To build these relationships, salespeople must engage in activities that go beyond simply closing a sale. They must also provide customer service and support, answer questions and concerns, and conduct marketing research to understand customers' needs and preferences.
Therefore, the correct option is (c).
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In today's economy, personal selling has evolved to take on elements of customer service and marketing research primarily because of option c. Personal selling focuses more on developing customer relationships than on generating transactions.
Marketing research is the process of collecting, analyzing, and interpreting data related to consumer preferences, buying habits, and market trends. It is a critical component of marketing strategy and helps businesses make informed decisions about product development, pricing, promotion, and distribution. Marketing research methods may include surveys, focus groups, observation, and data analysis of sales figures, customer feedback, and online activity. The insights gained from marketing research can help businesses identify new opportunities, optimize marketing campaigns, and better understand their target audience. Effective marketing research can provide businesses with a competitive advantage by helping them make data-driven decisions that lead to more successful outcomes.
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After Shipra got a job, the first thing she bought was a new car. She took out an amortized loan for $25,000-with no ($0) down payment. She agreed to pay off the loan by making annual payments for the next four years at the end of each year. Her bank is charging her an interest rate of 6% per year. Yesterday, she called to ask that you help her compute the annual payments necessary to repay her loan. Calculate the annual payment and complete the following loan amortization table:
Year Beginning Amount Payment Interest Paid Principal Paid Ending Balance
1 $25,000.00 2 3 4 -$0.02
Loan Amortization Table:
The loan amortization table is a schedule that shows the amount of interest and principal paid in each period over the life of the loan. If the total loan payment is constant in each period, then the amount of interest should be decreasing over time.
Answers
The annual payment is $7,931.55 and loan amortization table is given above.
Given data, Amortized loan= $25,000
Interest rate= 6% per year
Down payment= $0
Payment period= Annual
Loan Period= 4 years
To find,Annual Payment and Loan Amortization Table
The formula for calculating the loan payment is,
Annual Payment= PV [ r(1+r)n / (1+r)n-1]PV= $25,000r= 6% = 0.06n= 4 years
Annual Payment= $7,931.55
Loan Amortization Table:
Year Beginning Amount Payment Interest Paid Principal Paid Ending Balance
1125,00 0.007,9 31.503,000.007, 931.5517, 931.052725,
068.9127, 931.550.006227, 137.46347, 931.55 0.001022,
209.01367, 931.55-21 8.9455, 277.56487, 931.55-32
3.6038, 345.1 1508 0.02 203 276.67
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When a company purchases equipment, what account is credited in the
journal entry for this transaction?
A. Sales
B. Equipment
C. Depreciation
D. Cash
Answers
Answer: Cash.
Explanation: Cash is credited in the journal entry, because the asset cash decreases. (I know, it seems backwards and it’s hard to wrap your brain around it.)
Human Resource Management Question:
Labor Relations & Collective Bargaining:
In response to state budget problems, a bill has been introduced in your state legislature that eliminates a number of public-sector union activities, including the dues check-off and maintenance-of-membership clauses with the intent of reducing union membership and influence. Your coworker Jack explains that he thinks it's the end of unions in your state. "These actions will totally cripple public employee unions. It's going to be really tough to keep members." Audrey, another coworker disagrees. According to Audrey, "The dues check-off and maintenance-of-membership clauses are just a matter of convenience. They don't affect the reasons employees join the union in the first place." Evaluate their positions. Are the actions in the bill legal? How important are dues check-off and maintenance-of-membership clauses to union membership? Who do you think is most correct and why?
Answers
The bill that eliminates certain public-sector union activities such as dues check-off and maintenance-of-membership clauses has raised concerns among union members. The legality of this bill depends on the labor laws and regulations in your state. However, the elimination of these activities could have a significant impact on the public-sector unions and their membership.
Dues check-off and maintenance-of-membership clauses are crucial to union membership as they provide convenience to the members. Dues check-off allows union members to have their dues automatically deducted from their paychecks, ensuring timely and consistent payment. Maintenance-of-membership clauses require employees to remain members of the union for a specific period, ensuring a steady stream of revenue for the union and preventing “free-riders” from benefiting from union activities without paying dues.
Jack's position that the elimination of these clauses will cripple public employee unions is not entirely accurate. While it may lead to a decline in union membership and influence, unions have survived without these clauses in the past. Audrey's position that these clauses are a matter of convenience is also not entirely accurate. While it may not be the main reason for employees joining the union, the convenience of automatic dues payment and the guarantee of a steady stream of revenue are essential for the union's sustainability.
In conclusion, the bill's legality depends on state labor laws, and the elimination of dues check-off and maintenance-of-membership clauses could have a significant impact on public-sector unions. While it may not be the end of unions in the state, the elimination of these clauses could lead to a decline in union membership and influence. Therefore, both Jack and Audrey have valid points, and the importance of these clauses cannot be ignored.
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What caused china's phenomenal economic growth rate over the last 30 years, and why is it likely unsustainable in the long run?
Answers
Answer:
What caused china's phenomenal economic growth rate over the last 30 years
There are many causes for China's economic miracle in recent decades.
The first cause is that China decided to open the country to foreign investment in some parts of the country, the famous Special Economic Zones, the first one having been located in the city of Shenzhen, north of Hong Kong. This flow of capital boosted inustrial growth.
The second cause is that China became a manufacturing powerhouse due to lower labor costs, reason why most developed countries outsourced a large precentage of their manufacturing sector to China.
A third cause is that the Chinese government worked closely with both domestic firms and foreign firms in specific sectors, promoting a mixed economy in between economic planning and a market economy.
why is it likely unsustainable in the long run?
China's growth is likely unsustainable in the long run because as a country develops and catches up with the advanced world, its rate of growth tends to fall due to a myriad of reason, from capital exhaustion to lower demographic growth, to a less dynamic consumer market in several sectors.
What do you mean by ECONOMIC
Answers
Answer:
Economics is a social science concerned with the production, distribution, and consumption of goods and services.
Mark works as the frozen food manager in a major grocery store chain. When his stock of two-pound bags of frozen shrimp gets down to two cases, he e-mails his warehouse to send ten cases to restock.
The type of decision Mark is making about restocking shrimp is a
a. strategic decision.
b. nonprogrammed decision.
c. programmed decision.
d. tactical decision.
Answers
The type of decision Mark is making about restocking shrimp is a: d. tactical decision.
Explanation: Mark's decision to restock the two-pound bags of frozen shrimp when his stock gets down to two cases is considered a tactical decision. Tactical decisions are short-term decisions made by middle-level managers or supervisors to implement specific actions and plans within the organization. In this case, Mark is responsible for managing the frozen food department and ensuring the availability of products for customers. His decision to restock the shrimp is based on monitoring the stock levels and taking immediate action to maintain an adequate inventory. It involves operational considerations and follows predefined procedures or guidelines for restocking inventory, making it a tactical decision within the scope of Mark's role as the frozen food manager.
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app to check all three credit scores at the same time??
Answers
Answer:
ScoreSense Score To Go
Explanation:
Within just a few years of its inception, Uber was operating in more than 35 countries around the world. By moving into new markets early, Uber hoped to capitalize on
A.) FIRST-MOVER DISADVANTAGES
B.) FIRST-MOVER ADVANTAGES
C.) PIONEERING COSTS
D.) ITS LOW TAX RATE
E.) ITS LOW CORPORATE COSTS
Answers
By moving into new markets early, Uber hoped to capitalize on B) FIRST-MOVER ADVANTAGES.
Uber's strategy of moving into new markets early allowed it to gain several advantages as a first-mover in the ride-hailing industry. Some of the first-mover advantages that Uber hoped to capitalize on include:
Market Leadership: By entering new markets early, Uber aimed to establish itself as the dominant player and gain a significant market share before competitors could catch up. This early market leadership can provide a competitive edge and make it more challenging for new entrants to penetrate the market.Brand Recognition: Being an early entrant allowed Uber to build its brand and gain recognition in various countries around the world. This brand recognition can lead to customer loyalty and preference, making it harder for new competitors to gain traction.Network Effects: Uber's platform relies on network effects, where the value of the service increases as the number of users and drivers on the platform grows. By expanding quickly into multiple countries, Uber aimed to accelerate the network effects, attracting more riders and drivers to its platform and creating a virtuous cycle of growth.Learning Curve and Experience: Operating in multiple markets early on gave Uber the opportunity to learn and adapt its business model based on the diverse market conditions and regulations it encountered. This learning curve and experience can provide insights and a competitive advantage when expanding further.While there can be challenges and risks associated with being a first-mover, Uber believed that the potential benefits and advantages outweighed those disadvantages, and therefore, they aimed to capitalize on being an early entrant into new markets.
Therefore the correct option is B.) FIRST-MOVER ADVANTAGES
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Students usually attend a vocational school for _____ years or less.
A.1 B.2 C.3 D.4
Answers
Answer:
2
Explanation:
Answer:
four
Explanation:
if u think bout it its four years and makes more sence and mroe realistic
Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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CAN SOMEONE HELP ME PLEASE?!
What are 2 of the goals in American Free Enterprise Economic System?
Answers
Answer: The free enterprise economy seeks to maintain economic freedom. As mentioned earlier, the goal is for businesses to be able to make their own decisions with little government interference. Efficiency - The goal of efficiency is to make the best use of the resources that are available.
Management career skills include managing _____. time personnel finances all of the above
Answers
Technical Skills. ...
Conceptual Skills. ...
Human or Interpersonal Skills. ...
Planning. ...
Communication. ...
Decision-making. ...
Delegation. ...
Problem-solving.
The law of demand relates primarily to which of the following?
A
the actions of producers in response to changes in prices
B
the actions of producers in response to changes in production costs
C
the actions of consumers in response to changes in prices
D
the actions of consumers in response to changes in production costs
Answers
C. The actions of consumers in response to change in price.
Explanation:
Law of demand states that people will demand lower quantity of a good at a higher price. This law is one the fundamental principles of Economics.
The law of demand relates primarily to the actions of consumers in response to changes in prices. Thus option (C) is correct.
What is demand?A demand of a product or a commodity is how much a consumer is willing and able to pay for a product at a given time.
The law of demand states the relationship between price and quantity demanded, ceterus paribus. It states that when the price of a product increases its demand decreases, other things remaining constant and vice versa.
The graphical representation of the law of demand is known as demand curve . When the tuition fees of a college falls then the demand for college enrollment will rise.
The law of demand relates primarily to the actions of consumers in response to changes in prices. Therefore, option (C) is correct.
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The question is based on the following data for the contry good hope for 2020
Answers
The major economic indicators for the country of Good Hope in the year 2020 are its high economic and GDP growth, effective pandemic management, low inflation rate, low unemployment rate, higher trade balance, and higher consumer confidence index.
South Africa is often reffered as the country of Good Hope. Some of the major economic indicators for a country include the Gross Domestic Product (GDP), inflation rate, unemployment rate, trade balance, and consumer confidence index. These indicators provide insight into the overall health and direction of a country's economy.
According to the African Development Bank, South Africa’s real GDP growth was 0.2% in 2019. The pandemic and the containment measures to curb the spread of the virus further damaged the economy. Real GDP contracted by 8.2% in 2020, the result of a decline in construction, transport and communication, manufacturing, and mining. The inflation rate was 6.9% in January 2020.
Therefore, it can be said that as per the major economic indicators South Africa have good economy and higher GDP.
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The complete question is :
What were the major economic indicators for the country of Good Hope in the year 2020?
what document explains your rights and responsibilities as a federal student loan borrower? your master promissory note. your billing statement. your financial aid offer
Answers
The document that explains your rights and responsibilities as a federal student loan borrower is A. your master promissory note.
The master promissory note refers to the legal document where one promises to repay their loans and any fees or accrued interests to the Department of Education.
The master promissory note also explains the terms and the conditions of the loan that's taken. It's simply a legally binding document. One has to understand the rights and then responsibilities before one takes the loan.
In conclusion, the correct option is your master promissory note.
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You consider that when organizing as a corporation, you will pay taxes at the corporate level (21% tax rate) and when dividends are distributed to owners (15% tax rate). Instead, you organize as a partnership and pay taxes only at your personal rate (24%). Approximately, how much do you save? (Round to the nearest percent.)
Answers
Answer:
9%
Explanation:
Calculation for how much do you save
Using this formula
Percentage saved=Personal rate -Dividend rate
Let plug in the formula
Percentage saved=24%-15%
Percentage saved=9%
Therefore how much do you save is 9%
A licensed business entity acting as an insurance agent MUST
Notify the Bureau of Insurance of any fictitious name used
Report commissions to the Bureau of Insurance
Complete continuing education requirements every 5 years
Have been conducting business in Virginia for 3 years
Answers
A licensed business entity acting as an insurance agent MUST have all of the above. The correct answer is option e.
A licensed business entity acting as an insurance agent must adhere to certain obligations in Virginia.
Firstly, it is required to notify the Bureau of Insurance if it uses any fictitious name while conducting its operations. This ensures transparency and accountability in the insurance industry. Secondly, the entity must report commissions earned to the Bureau of Insurance, enabling the regulatory authority to monitor financial transactions and ensure compliance with applicable regulations.
Additionally, the business entity is obligated to complete continuing education requirements every five years. This ensures that agents stay updated with industry developments, enhancing their knowledge and skills.
Lastly, the entity must have a minimum of three years of business experience in Virginia, establishing a foundation of expertise and reliability within the state's insurance market.
The correct answer is option e.
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Complete question
A licensed business entity acting as an insurance agent MUST
a. Notify the Bureau of Insurance of any fictitious name used
b. Report commissions to the Bureau of Insurance
c. Complete continuing education requirements every 5 years
d. Have been conducting business in Virginia for 3 years
e. all of the above
In the context of the evolution of customer relationships, which of the following transforms a customer's relationship with a company from acquaintance to friendship
Answers
In the context of the evolution of customer relationships, the factor that transforms a customer's relationship with a company from acquaintance to friendship is engagement.
Engagement refers to the level of interaction, involvement, and emotional connection between the customer and the company. By actively engaging with customers through personalized communication, understanding their needs and preferences, providing exceptional customer service, and offering relevant and valuable products or services, a company can foster a sense of trust, loyalty, and friendship with its customers.
It focuses on establishing a connection and building a long-term relationship based on trust, satisfaction, and mutual value. By engaging customers effectively, businesses can enhance customer loyalty, increase repeat purchases, and generate positive word-of-mouth referrals.
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the amount of deposits in transit is included on the bank statement as a(n) ____.
Answers
The amount of deposits in transit is included on the bank statement as a(n) "outstanding deposit."
Deposits in transit refer to the deposits made by a company but have not yet been recorded by the bank. These deposits are usually made near the end of the month and may not appear on the bank statement until the following month. To reconcile the bank statement with the company's records, the outstanding deposits need to be taken into account to ensure that the balances align. So, The amount of deposits in transit is included on the bank statement as a(n) "outstanding deposit."
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whats a assembly line
Answers
Answer:
An assembly line is a manufacturing process in which parts are added as the semi-finished assembly moves from workstation to workstation where the parts are added in sequence until the final assembly is produced.
Explanation:
The resources in the input market come from
A. government regulation of the economy
B. business firms lobbying to lower corporate tax rates
C. the remaining, unused portions of consumer goods
D. land, labor, and capital of households
E. the discovery of profitable, non-rival goods
Answers
Answer:
D
Explanation:
For the input market, the resources come from land, labor, and capital of households. Hence, Option D is correct.
What is the input market?There are two types of market, one is input and the second is output. The input market is known as the factor market and the output market is known as the product market. It is the input market, which is used in the production of the products and goods.
The output market is the place where goods and services are exchanged. In the factor market or the input market, all the resources like labor, capital, and land are used by the businesses to purchase, rent, or hire what they need in order to produce goods or services.
With the increase in the input prices, the supply curve from the right shifts to the left which is of the final good market and it results in the price of the final good increases.
Thus, Option D is correct.
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What are Mobileye's competitive advantages? Competitive vulnerabilities?
Answers
Mobileye is a company that specializes in the development of advanced driver assistance systems (ADAS) and autonomous driving technologies.
Competitive advantages and vulnerabilitiesThe company has several competitive advantages and vulnerabilities.
Competitive Advantages:1. Strong patent portfolio: Mobileye holds a large number of patents related to ADAS and autonomous driving technologies, which provides a competitive advantage in the market.
2. Strong partnerships: Mobileye has partnerships with major automakers such as BMW, Ford, and Volkswagen, which helps to ensure that their technology is used in a wide range of vehicles.
3. Advanced technology: Mobileye's technology is considered to be among the most advanced in the industry, which gives them a competitive edge over other companies in the market.
Competitive Vulnerabilities:1. Dependence on partnerships: Mobileye's success is largely dependent on their partnerships with major automakers. If these partnerships were to end, it could have a significant impact on the company's revenue.
2. Competition from other companies: Mobileye faces competition from other companies in the ADAS and autonomous driving market, such as Waymo and Tesla. If these companies were to develop more advanced technology, it could affect Mobileye's competitive position.
3. Regulatory challenges: The development and deployment of ADAS and autonomous driving technologies is subject to regulatory oversight, which could potentially limit Mobileye's ability to bring new products to market.
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Through a comparable company analysis for Alibaba, you determined a P/E ratio of 6.0x is appropriate to value the company. Based on this metric, what is the implied Enterprise Value of Alibaba?
Answers
Answer:
hello your question is incomplete attached below is the complete question
answer : $ 1,391.692 ( first option )
Explanation:
Given P/E ratio = 6.0
Determine Implied Enterprise value
Implied Enterprise value = (EBITDA * P/E ratio ) + Net debt (cash )
where EBITDA = $205.663
P/E ratio = 6
Net debt = $157.714
hence Implied Enterprise value = (205.663 * 6)+ 157.714 ≈ $ 1,391.692
NOTE : all $ values are in millions
The implied Enterprise Value of Alibaba is $740,366
The calculation is as follows:Implied equity value = NTM earnings × P/E ratio
= $149,680 × 6.0
= $898,080
Now Implied enterprise value
= Implied equity value + Net debt
= $898,080 - $157,714
= $740,366
Therefore we can conclude that The implied Enterprise Value of Alibaba is $740,366
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TRUE OR FALSE The lot-for-lot lot-sizing technique is particularly appropriate when demand is not very smooth and set up cost is small compared to holding cost.
Answers
"The lot-for-lot lot-sizing technique is particularly appropriate when demand is not very smooth and set up cost is small compared to holding cost." This is true.
The order amount is set to equal the demand quantity for each period when using the lot-for-lot lot-sizing strategy for inventory management. It entails that orders are placed in the precise quantity required to meet client demand for that time period, with no extra inventory carried over to the following time frame.
When demand is not smooth, meaning it varies greatly from one period to the next, the L4L approach is especially well suited. The risk of carrying surplus inventory during times of low demand or experiencing stockouts during times of strong demand is reduced by matching the order amount with the size of the demand.
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If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage
Answers
The profit in percentage given the revenue and the expenses is -38.60%
What is the profit in percentage?Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.
Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.
Profit = revenue - expenses
1,000,000 - 1,386,000 = -386,000
Profit in percentage = (profit / revenue) x 100
(-386,000 / 1,000,000) x 100 = -38.6%
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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 Financial Analysts? Check all that apply. drawing charts and graphs to illustrate reports comparing insurance policies to determine the best choice informing investment decisions by analyzing financial information investigating cases of fraud helping families create realistic budgets
Answers
Answer:
A and C
Explanation:
BECAUSE I AM BIG BRAIN
Answer:
create client presentations of plan details
advise clients on aspects of capitalization, such as amounts, sources, or timing
Explanation:
_____ are stories about a person’s life written by that individual.
Directories
Biographies
Autobiographies
Encyclopedias
Answers
Biographies is a book written by the individual
Hope this helps *smiles*
Answer: Autobiography
Example: The person above has to be a troll fr
Conscious marketing: Group of answer choices is often grafted on to traditional business model, usually as a separate department or part of PR. is independent of corporate purpose or culture. sees limited overlap between the business and society, and between business and the planet. recognizes that business is a subset of society, and that society is a subset of the planet. reflects a mechanistic view of business.
Answers
Answer:
recognizes that business is a subset of society, and that society is a subset of the planet.
Explanation:
Conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet.
This ultimately implies that, conscious marketing encourages or jeer various organizations to engage in social responsibilities such as ethical and social activities.
Basically, an organization that engage in conscious marketing is very much concerned with having a sustainable and long-term brand’s performance by being authentic, ethical, transparent, and honest with its customers, in order to create a win-win relationships for both parties. The conscious marketing involves the following stakeholders;
1. Employees.
2. Society.
3. Consumers.
4. Market place.
Since conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet, it makes organization to have conscience in serving all their stakeholders rather than just focusing on making sales and profits.
Generally, when an organization engage in conscious marketing it helps them to improve their brand equity and thus, increasing their sales and profits.
Conscious marketing is recognizing that business is a subset of society, and that society is a subset of the planet. Thus, option (d) is correct.
By trying to involve customers more directly in the purchasing process and tailoring marketing and sales activities based on the fundamental values and objectives of the consumer base, conscious marketing varies from conventional marketing strategies.
It puts the needs of the client first and gives them the power to choose the products that are ideal for their lifestyle and well-being. Transparency, fair expectations, and a focus on a brand's social impact are all characteristics of conscious marketing.
As a result, the significance of the conscious marketing are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
Conscious marketing:
A. is often grafted on to the traditional business model, usually as a separate department or part of PR.
B. is independent of corporate purpose or culture.
C. sees limited overlap between the business and society, and between business and the planet.
D. recognizes that business is a subset of society, and that society is a subset of the planet.
E. reflects a mechanistic view of business.
analyze target market of demographic and psychographic
segmentation in the context of bringing new chocolate box brand's
to Singapore.
Answers
To analyze the target market for a new chocolate box brand in Singapore, we can utilize demographic and psychographic segmentation techniques. Demographic segmentation involves categorizing the population based on factors such as age, gender, income, education, occupation, and ethnicity.
Psychographic segmentation, on the other hand, focuses on the attitudes, values, lifestyles, and behaviors of potential consumers. Let's explore these two segmentation approaches in the context of introducing a new chocolate box brand in Singapore:
1. Demographic Segmentation:
a) Age: Singapore has a diverse age range, but you may consider targeting young adults and middle-aged individuals who are more likely to indulge in premium chocolates.
b) Gender: Chocolates generally have a broad appeal across genders, so targeting both males and females is recommended.
c) Income: Singapore has a significant population with high disposable income. You may focus on middle to high-income groups who are willing to spend on premium chocolate products.
d) Education: Education levels in Singapore are relatively high. While education itself may not be a key differentiator, you can consider targeting educated consumers who are more likely to appreciate quality and gourmet experiences.
e) Occupation: Your target market could include professionals, office workers, and individuals in managerial roles who seek indulgent treats or gifts.
2. Psychographic Segmentation:
a) Lifestyle: Singaporeans lead busy lifestyles, so offering convenient and on-the-go packaging options could be appealing. Highlighting the convenience factor for professionals or individuals always on the move may resonate well.
b) Taste Preferences: Conduct market research to identify preferred flavors among Singaporeans. Offering a variety of flavors and unique combinations could cater to different taste preferences and create a niche for your brand.
c) Health Consciousness: While chocolates are often associated with indulgence, health-conscious consumers may appreciate options that cater to their dietary restrictions, such as sugar-free, vegan, or organic chocolates.
d) Gifting Culture: Singaporeans have a strong culture of gifting, particularly during festivals and special occasions. Positioning your chocolate box brand as an ideal gift option through attractive packaging and customizable features could boost sales.
e) Social Media and Influencer Culture: Singapore has a vibrant social media and influencer community. Leveraging social media platforms and collaborating with influencers can help generate brand awareness and reach your target market effectively.
Remember, it's crucial to conduct thorough market research, surveys, and focus groups to validate these assumptions and refine your target market. The Singaporean market is dynamic, so staying attuned to consumer preferences and trends will be essential for long-term success.
Learn about more demographic and psychographic here: brainly.com/question/31668853
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