The optimal amount of capital in period 2 (K0) depends on the initial value of capital (K).
Optimal level of future capital K0 for a representative firmIn a business cycle, the most volatile part of expenditure is investment demand. Here, we will work through an example that will help explain why investment is volatile and how the IS curve is based on the actual optimizing decisions made by firms.Considering a simple model of a representative firm, we can say that the firm currently has a stock of capital K and has to decide on its stock of capital in the next period (say, year - let’s call it period 2), K0. The firm determines the desired level of K0 based on two parameters: expected future productivity z, and the real interest rate R it faces. Once the firm decides how much capital next period it wants (what is the desired level K0), the firm undertakes investment I to achieve this level of capital. K0 is determined through a standard law of motion for capital, like the one we used in the Solow model:
K0 = (1 − δ)K + I
where δ is the depreciation rate. Next period, the firm uses the capital stock K0 it achieved to produce output Y using a Cobb-Douglas production function:
Y = z(K0) α -
we assume that the labor input N is constant over time, so we don’t have to worry about it. From Chapter 4, we know that the marginal product of capital (MPK) for this production function is given by:
MPK = αz(K0) α−1.
It can be shown that the optimal amount of capital is given by the standard condition:
MPK = R
.To derive the optimal level of future capital K0 for this firm as a function of parameters and prices (K, α, z, R, and δ), we need to use the optimality condition (MPK = R).It can be derived as follows:
MPK = R ⇒ αz(K0) α−1 = R ⇒ z(K0) α−1 = R/α ⇒ z(K0) = (R/α)1/(α−1) ⇒ K0 = [((R/α)1/(α−1))/z]1/α − δ/α−1K0 = [(R/α)1/(α−1)/z]1/α − δ/(α−1)
The optimal amount of capital in period 2 (K0) depends on the initial value of capital (K).
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How do office assistants show enthusiasm?
Answer:
I think things you can do to show enthusiasm are:
1. showing in your work (even if it is not your favorite)
2. Think on the bright side.
3. Smile, sit up straight, make eye contact with co-workers, and talk in a upbeat manner.
Hope this helps!!!
What is a good practice before taking out a student loan?
A. Calculate the simple interest on the principal of the loan.
OB. Calculate the annual balloon payment to make sure you will be
able to afford it.
C. Calculate the total amount of compounded interest to see if you
are getting a good deal.
O D. Calculate the monthly payment to make sure you will be able to
afford it.
A typical good practice before taking out a student loan are:
calculate the annual balloon payment to make sure you will be able to afford it.calculate the monthly payment to make sure you will be able to afford it.What is a student loan?This is a kind of financial aid in form of money borrowed from the government or a private lender in order to pay for college.
The loan given to the student is expected to be paid back later with the interest that builds up over time and such money gotten are usually used for tuition, room and board, books or other fees.
Hence, the typical good practice before taking out a student loan are calculate the annual balloon payment to make sure you will be able to afford it and the monthly payment to make sure you will be able to afford it.
Therefore, the Option B & D is correct.
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Answer: Calculate the monthly payment to make sure you will be able to afford it
Elastic demand exists when Multiple Choice the quantity demanded remains the same regardless of level of price. a small percentage decrease in price produces a larger percentage increase in quantity demanded. no change in price produces a small percentage change in quantity demanded.
Elastic demand refers to a situation where a change in price results in a relatively large change in the quantity demanded of a good or service. In other words, when the demand for a product is elastic, consumers are highly responsive to changes in price. This is in contrast to inelastic demand, where changes in price have a relatively small effect on the quantity demanded.
When the demand for a product is elastic, a small percentage decrease in price will lead to a larger percentage increase in quantity demanded. For example, if the price of a certain brand of coffee were to decrease by 10%, and this led to an increase in quantity demanded of 20%, this would be an example of elastic demand.
Elasticity of demand is influenced by a variety of factors, including the availability of substitutes, the degree to which the product is considered a luxury or necessity, and the proportion of a consumer's income spent on the product. Understanding the elasticity of demand for a product is important for businesses, as it can help to inform pricing and marketing strategies.
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If you were in charge of marketing for a sports team or entertainer, how large a role would social media play in your marketing efforts? Explain.
Answer:
Social media could boost production or more people know about it.Explanation:
__________________________________________________________
Social media could help you with sharing it with other people, boost marketing, or help you later on. Amazon got popular with social media and its own website. ( could be true, not entirely true ) If I was in charge of marketing for a sports team or entertainer, I would spend \(\frac{1}{3}\) of my money on advertising my website or for our business. I would try to make the company the most noticeable and understanding ads, and I would help the workers, not yell at them all the time.
__________________________________________________________
Hope this helps! <3
__________________________________________________________
When the price of petroleum goes up, the demand for natural gas ______, the demand for coal ______, and the demand for solar power ______. (Assume these goods are substitutes for petroleum.)
Answer:
increases; increases; increases
Plz Hurry I am timed!
A chain of coffee servers is sending a spreadsheet of projected costs and profits to some of its investors. When, Kyle, the administrator making the spreadsheet, adds an image of his company’s logo, he realizes it would fit and look best if turned to read sideways.
How can Kyle change the image to make it fit in such a way?
A) He can select the image and hold down on the green handle above it while sliding the mouse.
B) He can select the image and hold down Control while sliding the scroll bar to the right.
C) He can press the PivotTable button and select “Rotate 90 degrees” and then click OK.
D) He can click on the Pictures Tool tab and select press Artistic Effects to access the rotate option.
Answer: A) He can select the image and hold down on the green handle above it while sliding the mouse.
Explanation:
After inserting the picture, if he wants the logo to read sideways, his best bet is to rotate it. He can do this by clicking on the picture and then clicking and holding down the green handle above the image which would look like a rotating arrow.
While holding it down, he should then slide the mouse and the picture would rotate. He can stop rotating at an angle he deems appropriate.
Answer:
A
Explanation:
Just took the test
How much money will be collected in the 25th year if 1 million rupiah is saved a year from now, 6 years and now 3 million rupiah is saved, and 10 years from now 5 million rupiah is saved. Use i=10%
The amount of money that will be collected in the 25th year is 18,734,561 rupiah.
This is calculated by compounding the savings amounts over their respective time periods at an interest rate of 10%. The future value formula is used to calculate the total amount. The savings amounts of 1 million, 3 million, and 5 million rupiah, saved at different time periods, are multiplied by the corresponding interest factors and then summed up to find the future value.
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If net sales are $600,000 and gross profit is $412,800, what is the gross profit rate?.
If net sales are $600,000 and gross profit is $412,800, the gross profit rate is 68.8%.
Gross Profit: A company's gross profit is calculated by deducting its entire sales from its total cost of products sold. All products sold by the business are included in the overall sales. All of the variable costs related to sales are added together to form the overall cost of the products sold.
How can I determine my gross profit?
Cost of goods sold (COGS) is subtracted from total revenue to determine gross profit. Typically, only variable expenses are taken into account when determining gross profit from COGS. Variable expenses are those that are directly related to output (like material and shipping costs).
What is a gross profit, exactly?
Gross profit, often known as gross income, is calculated by deducting a company's cost of goods sold from its sales (COGS). It is frequently used to assess how effectively a business is controlling labor and resources throughout production.
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Cost of the asset: $100,000. Cost of the asset – Estimated salvage value: $100,000 – $20,000 = $80,000 total depreciable cost. Useful life of the asset: 5 years. Divide step (2) by step (3): $80,000 / 5 years = $16,000 annual depreciation amount
Depreciation is the process of allocating the cost of a tangible asset over its useful life. In this example, the asset has a cost of $100,000 and an estimated salvage value of $20,000.
This means that the total depreciable cost of the asset is $80,000 ($100,000 - $20,000).
The useful life of the asset is estimated to be 5 years. To calculate the annual depreciation amount, we need to divide the total depreciable cost by the useful life of the asset. Therefore, the annual depreciation amount would be $16,000 ($80,000 / 5 years).
This means that the company can deduct $16,000 from its taxable income each year for the next five years to account for the cost of the economy asset. The salvage value of $20,000 represents the estimated amount that the company will receive for the asset at the end of its useful life. This salvage value will reduce the amount of depreciation expense that the company can claim in the final year of the asset's useful life.
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Food-related careers like caterer, food stylist, executive chef, and nutritionist may all focus on different elements of the industry; however, they are all driven by and dependent on a strong:
Food-related careers such as caterer, food stylist, executive chef, and nutritionist may vary in terms of their specialization and focus, but they are all bound together by a strong passion and commitment to the food industry. Despite their differences, all of these food-related careers are dependent on a strong foundation of knowledge and skills.
Each of these careers involves a deep understanding and appreciation of food and its impact on people's lives. A successful career in any of these areas requires a combination of skills, knowledge, and experience, as well as a strong work ethic and dedication to excellence. Caterers, for instance, need to be highly skilled in planning and executing events that involve food, while food stylists need to have a keen eye for detail and a strong understanding of food presentation.
Executive chefs need to be able to lead and manage a kitchen team while consistently delivering high-quality food, and nutritionists need to have a deep understanding of the science of nutrition and its impact on health.
Whether it's mastering the art of cooking, understanding the latest food trends, or staying up-to-date on the latest nutrition research, these professionals are committed to staying informed and continually improving their craft.
Ultimately, food-related careers are all about passion and creativity, as well as a deep respect for the role that food plays in our lives. From the joy of sharing a meal with loved ones to the importance of fueling our bodies with the right nutrients, these professionals are dedicated to making the food industry a better place for everyone.
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Answer:
I'm pretty sure it has to be economy.
Explanation:
Without a strong economy the demand for these jobs and services dwindle, and without demand the jobs become pointless and don't bring in any income. Meaning they'd likely have to quit, shut down, be let go, etc. So as I am literally taking the edmentum/plato quiz right this moment I believe it's economy.
a) Explain the difference between money and capital markets.
b) Who are the major suppliers and demanders of funds in the loanable funds' theory? What is their typical position in the US?
c) Calculate the nominal interest rate, considering a real interest rate of 8.15% and an expected inflation of 4.5%. d) (3 pts) Consider that the Treasury bills are currently paying 7.55% and the expected inflation as above. Calculate the real interest rate.
a) Difference between money and capital markets: Money markets and capital markets are two types of financial markets that are often confused.
b) The major suppliers of funds are households and businesses. The major demanders of funds are businesses and the government.
c) Nominal interest rate = 12.65%
d) Real interest rate = 3.05%.
The primary distinction between the two is the maturity of the securities they offer. Short-term securities are traded in the money market, while long-term securities are traded in the capital market. b) The major suppliers of funds are households and businesses. The major demanders of funds are businesses and the government. The typical position of the suppliers of funds in the US is to save money and invest it. The typical position of the demanders of funds in the US is to borrow money for investment or to finance spending.
c) Calculation of nominal interest rate Nominal interest rate formula: Nominal interest rate = Real interest rate + Expected inflation Rate of inflation = 4.5%Real interest rate = 8.15%Nominal interest rate = 8.15 + 4.5 Nominal interest rate = 12.65%d) Calculation of real interest rate Real interest rate formula: Real interest rate = Nominal interest rate - Inflation rate Nominal interest rate = 7.55%Rate of inflation = 4.5%Real interest rate = 7.55 - 4.5 Real interest rate = 3.05%.
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How can a free good become an economic good?
A free good can become an economic good when its supply becomes limited or when there is an increase in demand for it.
What is a free good?A free good is a good that is available in abundance and can be obtained without any cost, such as air or sunlight. Since there is no cost associated with obtaining such goods, they do not have any market value and are not considered economic goods.
However, if the supply of a free good becomes limited or if there is an increase in demand for it, it can become an economic good. This is because people are willing to pay for a good that was once freely available but is now scarce or in demand.
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A free good can become an economic good if its availability declines, demand increases, or a mix of the two, causing the good to become scarce and thus increase in value, resulting in the acquisition of a price or cost.
Economic goods are goods that are made to meet the wants of the people. It has a certain price or cost, which is deducted to maintain consumption.
A free good is one that is not scarce and is accessible indefinitely. A free commodity has no opportunity cost to society and does not require scarce resources to be produced, so it has a zero marginal cost. A good that is made available at no cost, on the other hand, is not inherently a free good.
When the desire for a free good exceeds the supply, it becomes scarce and thus an economic good. For example, while air is a free good, it can become an economic good if it becomes polluted and limited.
Another example is water. Water is commonly thought to be a free good, but when it is processed, purified, piped, or dispersed in bottles, it consumes as a scarce resources and becomes an economic good.
When scarce resources are used to make a good, the producer incurs a cost known as the marginal cost; if the marginal cost is greater than zero, the good is an economic good.
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How can my gross pay increase,while my net pay stays the same?
Answer:
Extra pay and extra taxes.
Explanation:
You can get more money from either bonuses or raises. Usually, with more money, there's an IRS guy/woman at your front doorstep asking for more money for taxes. The more money the higher the taxes, which sometimes can result in the same net pay. It is not common, but possible.
Risk can be thought of as the possibility of incurring??
Answer:
Risk can be thought of as the possibility of incurring a loss.
Explanation:
Loss.
how evade taxes pls tell me how to evade taxes i am only nine years old and need not pay taxes cause i hate taxes, taxes are for nerds
Answer:
you simply cease to do your legal documentation
Explanation
you dont have taxes until u have a job
if you deposit $20,000 in a savings account with a 2% interest rate, at the end of the year, how much money you will have in your account?
If you deposit $20,000 in a savings account with a 2% interest rate, at the end of the year, you will have $20,400 in your account.
The formula to calculate the interest is:
Interest = Principal x Rate x Time
Where:
Principal = $20,000
Rate = 2%
Time = 1 year (or 12 months)
So, Interest = $20,000 x 2/100 x 1 = $400
Therefore, the total amount in the account at the end of the year will be:
Principal + Interest = $20,000 + $400 = $20,400
It's important to note that interest rates can vary depending on the institution and type of account. So always make sure to check the interest rate before depositing your money in an account.
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You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads are 0: $27, 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. a. For each customer load level beginning with 1, what is your average total cost? b. For each customer load level beginning with 1, what is your marginal cost? c. If you are compensated $9 per ride, what customer load would you want?
Answer and Explanation:
a and b. The average total cost and the marginal cost is shown below:
As we know that
Average cost is
= Total cost ÷ total number of customer loads
And, the Marginal cost is
= Additional total cost incurred for extra units generated
So based on this, the marginal cost and the average total cost are as follows
Customer load level Total cost Average cost Marginal cost
0 $27
1 $30 $30 ÷ 1 = 30 30 - 27 = 3
2 $32 $32 ÷ 2 = 16 32 - 30 = 2
3 $35 $35 ÷ 3 = 11.67 35 - 32 = 3
4 $38 $38 ÷ 4 = 9.5 38 - 35 = 3
5 $42 $42 ÷ 5 = 8.4 42 - 38 = 4
6 $48 $48 ÷ 6 = 8 48 - 42 = 6
7 $57 $57 ÷ 7 = 8.14 57 - 48 = 9
8 $68 $68 ÷ 8 = 8.5 68 - 57 = 11
c. Now the customer loan you want is
As we know that
Profit = Marginal revenue - marginal cost
And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted
A sports stadium has a capacity of 400 seats. Suppose the stadium increases the price of a ticket from $35, at which 400 tickets are sold, to $45, and it sells 300 tickets. The price increase caused a drop in total consumer surplus of $ ______ .
The price increase from $35 to $45 caused a decrease in consumer surplus by $2,500.
To calculate this, we need to find the consumer surplus before and after the price increase. Initially, at $35, 400 tickets were sold, resulting in a consumer surplus of $7,000. After the increase to $45, only 300 tickets were sold, resulting in a consumer surplus of $4,500. The difference between the two consumer surplus values is $2,500, indicating the drop in total consumer surplus due to the price increase. In summary, the price increase resulted in a decrease of $2,500 in total consumer surplus.
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Compared to smaller firms, larger companies tend to:
A. delay exporting until after their domestic market is fully saturated.
B. systematically scan foreign markets to see where export opportunities lie.
C. be intimidated by the complexities and mechanics of exporting to foreign countries.
D. hesitate to seek export opportunities because they do not know how big the opportunities actually are.
E. be reactive about seeking opportunities for profitable exporting.
In contrast to smaller businesses, larger firm frequently postpone exporting until after their home market has reached saturation.
A company that offers professional services is referred to as a firm. This can be a corporation, limited liability company (LLC), or partnership. Most businesses have a single location. A commercial firm, however, comprises of one or more physical locations that are all owned by the same person and share the same employer identification number (EIN). In contrast to smaller businesses, larger corporations frequently postpone exporting until after their home market has reached saturation.
The term "firm" can refer to a wide range of enterprises, including finance, consulting, marketing, and graphic design firms, among others. When used in a title, "firm" is often linked with companies that offer expert legal and accounting services.
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Summarize the 2020 Airbus FCPA settlement and underlying
behavior.
In 2020, Airbus reached a settlement with the U.S. Department of Justice (DOJ), the U.S. Securities and Exchange Commission (SEC), and the United Kingdom's Serious Fraud Office (SFO) to resolve charges related to bribery and corruption. The settlement was part of a deferred prosecution agreement (DPA) reached between Airbus and the authorities.
The underlying behavior that led to the settlement involved Airbus engaging in a widespread scheme of paying bribes and making improper payments to secure contracts in multiple countries. The company admitted to using third-party intermediaries to facilitate these illicit payments and to hiding the payments through fraudulent accounting practices.
The investigation revealed that Airbus had engaged in corrupt practices in countries such as China, Colombia, Ghana, Indonesia, Malaysia, Nepal, Russia, Saudi Arabia, Taiwan, and Turkey, among others. The bribes and improper payments were made to government officials, political parties, and other intermediaries to gain or retain business opportunities, secure sales contracts, and influence the decision-making process.
As part of the settlement, Airbus agreed to pay substantial financial penalties. The total penalties amounted to billions of dollars, with a significant portion going to the U.S. authorities. In addition to the financial penalties, Airbus was required to implement rigorous compliance measures and enhance its internal controls to prevent future instances of bribery and corruption.
The settlement highlighted the seriousness of the allegations against Airbus and served as a strong deterrent against similar unethical practices in the future. It also underscored the commitment of international authorities to combat bribery and corruption in the global business environment.
Overall, the Airbus FCPA settlement represented a significant chapter in the company's history, emphasizing the importance of ethical business conduct, transparency, and compliance with anti-corruption laws and regulations. The case served as a reminder of the legal and reputational risks associated with engaging in corrupt practices and the need for robust compliance programs within multinational corporations.
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Why is creating an entrepreneurial team a good idea?
prepare a statement of cash flows (using the indirect method) for 2021 for jennifer company. (show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
To prepare a statement of cash flows for Jennifer Company for the year 2021 using the indirect method, I would need specific financial information and data
Data such as the company's cash inflows and outflows from operating activities, investing activities, and financing activities. Without that information, I am unable to provide an accurate statement of cash flows for Jennifer Company.
Please provide the relevant financial information, including details of cash receipts and payments, investment activities, and financing activities for the year 2021, and I will be able to assist you in preparing the statement of cash flows using the indirect method.
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what is the overall target market strategy (concentrated, differentiated, undifferentiated or micromarketing) that you feel toyota used here - and why do you think they used that strategy? what segmentation methods mentioned in step 2 of the segmentation, targeting and positioning process described in the text (demographics (age, income, gender, marital status, generational cohorts, children in the home, etc.), geographics, psychographics, etc.) did toyota use? based on what you saw in the video, develop a target market profile, or in other words, a description of toyota's target market for the sienna mini-van. you will want to describe the target like it is someone that you know. i want a well-defined description of the target market using the segmentation methods you listed in part 2. include things like the specific demographics, geographics, etc. why do you think toyota found this target market attractive? after looking at the 5 descriptive criteria mentioned in step 3 of the segmentation, targeting and positioning process described in the text, choose the one descriptive criteria you think toyota found the most important and explain why. please be sure to tie back to the textbook section on evaluating attractiveness including the various components. when looking at the perceptual map (or positioning map) below, where would you place the toyota sienna? why did you choose this? how would this compare to a traditional minivan (like the chrysler pacifica)? check out step 5 of the segmentation, targeting and positioning process described in the text for more on this topic.
The overall target strategy will be a concentrated strategy. This is because the target audience for the product is very specific and niche.
The communication developed will be in such a way that it is very specific to the needs of the consumer.
Segmentation refers to the process of dividing the market into various parts based on one or more external factors. For this project, the market will be divided into Income, Marital Status, and Number of kids. Let's understand why these factors are chosen:
Income: The product is an upper-middle-class product. The pricing of the product will be according to them. This is because the volume of production will be less in the beginning and the technology used in the product is costly.Marital Status: Married people with a family are more likely to buy this product rather than single or unmarried people.The number of kids: Houses with more number of kids are more likely to buy this product because they have less time to maintain their lawns by themselves due to the time that they have to give to the children.Learn more about target strategy here: https://brainly.com/question/24448358
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Question 5 (5 points)
(02.01 MC)
Which of the following scenarios describes an advantage of a global economy?
O a
Ob
Od
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
20
8
S
The scenario which best describes an advantage of a global economy is when a: toothpaste company expands to another country where there is a lot of competition for jobs.
What is a global economy?In international business, the term "global economy" is also referred to as globalization and it can be defined as the strategic process which involves the integration of markets across the world to form a global marketplace.
Basically, the global economy makes it only possible for various companies to produce goods and services that are being used by consumers across the world. This ultimately means that, it leads to economic prosperity for various companies in different countries because it ensures an increase in market efficiency.
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economizing, as represented by the shaded squares?
The crossword clue Economizing, as represented by the circled squares with We think the likely answer to this clue is CUTTING CORNERS.
In business, shaded squares typically refer to a matrix or chart that is used to visually represent data or information. These charts typically consist of rows and columns, with each intersection representing a specific data point or value.
Shaded squares in business can be used for a variety of purposes, such as tracking progress or performance, identifying trends, or comparing different data points. For example, a company might use a shaded square chart to track sales performance over time, with each square representing the sales numbers for a particular period.
Shaded square charts can be customized in a number of ways to suit the specific needs of a business. They can be color-coded to make it easier to identify important information, and different shades of shading can be used to indicate different levels of performance or achievement.
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Complete Question:
Are you looking for the solution for the crossword clue Economizing, as represented by the shaded squares??
The Big Bang is the predominant theory explaining the moment that what began?
Scientific theory
Historical cataloguing
The universe
Greek mythology
What are some reasons that a bank statement might not match a cash balance of a business's records? Choose all answers that are correct.
Question 1 options:
posted payments on credit cards
bank errors
outstanding deposits
service charges
recorded checks
outstanding checks
Answer:
outstanding deposits, outstanding checks, posted payments on credit cards
Explanation:
Bank errors, Outstanding Deposits, Service Charges, and Outstanding checks are some reasons that a bank statement might not match the cash balance of a business's records. The correct options are B, C, D, and F.
What information does a bank statement provide?Name, address, account number, and bank branch information are all listed on bank statements for account holders. Additionally, a summary table that displays the statement's time frame, opening and closing bank balances, deposits made to the account, refunds, and cash withdrawals is included. In addition, fines levied by your bank as well as declined or canceled payments will appear on your statements.
Differences between the two records could be the result of Deposits in transit: The firm may have received cash or cheques, but the bank may not have yet recorded them. Outstanding checks are ones that have been issued but have not yet been processed. Bank service fees: Banks frequently deduct service fees.
Thus, the ideal options are B, C, D, and F.
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Sometimes a liquid can be sitting there and its molecules will become a gas. That’s called
___________________________________________.
Answer:
Una vez que toda la sustancia está en estado líquido, al continuar calentando vuelve a subir la temperatura y llega un momento en que las fuerzas intermoleculares ya son incapaces de mantener juntas las moléculas del líquido, por lo que éste hierve y se convierte en un gas, se produce la ebullición.
Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular customers. It rewards these customers by giving them gift coupons and cash prizes. This practice is an example of _______. a. total quality management b. customer relationship management c. profit maximization d. organizational optimization
Customer is termed as the individual that consumes or uses the goods and services that are availed to them for their satisfaction or need fulfillment. The customers are known as the king of the market that decides the production of the goods and the services.
The correct answer for the blank is b. customer relationship management.
Customer Relationship Management is termed as the process or the activities that manage the company's relationship and communications of the customers with the firm and manage to explore the potential customers or the new customers.
The main aim of CRM is to build and construct good relationships between the customer and the firm. It connects the corporate sector with the customers in order to let them know about their services.
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Kitchen Creations is a company that offers low-fat, heart-healthy meals that customers can order ahead of time and have delivered weekly to their homes. Rather than seeing itself a just a producer of food products, Kitchen Creations positions itself as a firm dedicated to helping customers save time and eat healthy. Kitchen Creations has set ________ objectives.
By positioning itself to emphasize and serve the health needs of customers, Kitchen Creations has set its Marketing Objectives. The keywords here are Positioning and Marketing Objectives.
What is a Marketing Objective?This refers to the set goals or targets that a brand or a business has decided to achieve just as we have in the example of Kitchen Creative, that are strategic to its overall objectives.
Positioning is the strategic image that a business has decided to create for itself and or its products in relation to other products and or businesses that are similar to its own.
See the links below for more about Positioning and Marketing Objectives:
https://brainly.com/question/6960017
https://brainly.com/question/24851851