Which functional area of a business is responsible for understanding customer needs and aligning products and services to those needs
Answers
The marketing functional area of a business is typically responsible for understanding customer needs and aligning products and services to those needs.
They are responsible for conducting market research to gather information about customer preferences and behaviors, and using this information to develop marketing strategies that target specific customer segments. The marketing team is also responsible for creating and managing the company's brand image, developing promotional campaigns, and managing customer relationships to ensure customer satisfaction and loyalty. The functional area of a business that is responsible for understanding customer needs and aligning products and services to those needs is the marketing department. Marketing plays a crucial role in identifying target markets, analyzing customer behavior and preferences, conducting market research, and developing strategies to satisfy customer needs. The marketing team collaborates with other departments such as product development, sales, and customer service to ensure that the products and services meet or exceed customer expectations. They also create advertising campaigns, promotions, and other marketing initiatives to communicate the value proposition of the products and services to the target audience. A successful marketing department uses a customer-centric approach to design products and services that are desirable, relevant, and accessible to the customers. They constantly monitor the market trends, customer feedback, and competitive landscape to make necessary adjustments and improvements to their marketing strategies. Overall, the marketing department plays a vital role in creating customer satisfaction, loyalty, and long-term business success.
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Related Questions
why indigenous technologies are better than modern technology
Answers
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
Your job is to cold call people and sell
them life insurance. You do some
research and find out that the life
insurance policy could be purchased
cheaper online. Your boss forbids you
to tell the customer this and expects
you to sign up at least 5 new
customers per day.
What will you do?
Answers
I believe I would be cheating customers if I don't do right by them. I would prefer to look for a new job than do something that is ethically wrong and against my morals.
As an employee, I would first try to figure out a way to do right by the customers and reduce the insurance fee. I would try to explain to my boss how we could benefit and increase our customer base if we reduce the fees.
If I fail at getting the price change. I would try looking for a new job that fits well with my morals. Till the time I get a new job, I would try working the same job and explaining to the boss.
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ways in which landscape can be created .plz answer this
Answers
Answer:
finding land and making the land into wha ever yu want
Explanation:
hopes this helps
Which of the following identifies how much product transportation cuts into farmers' profits?
It can be 13 to 62 percent of retail sales.
It can be 50 to 80 percent of retail sales.
It can be 10 to 20 percent of retail sales.
It can be 25 to 75 percent of retail sales.
Answers
Answer:
It can be 13 to 62 percent of retail sales.
Explanation:
Farmers grow crops after their day and night of struggle. They earn their livelihood by selling these crops. The transportation cost to commute crops from the farmers land to the retail market. If this transportation cost is minimized the farmers can earn better profit and raise their living standard. Also with better earnings farmers will be able to adopt new technological methods to grow agricultural products.
What is a key requirement of a savings plan?
0 to prioritize saving regularly without exception
O to save any money that has not been spent
Oto prioritize saving money when it is convenient
O to save money whenever you are at the bank or an ATM
Answers
To prioritize saving regularly without exception.
What is a saving plans?
Savings plans are financial solutions intended to encourage responsible saving while providing consistent returns that aid in reaching your financial objectives. These plans, which are typically life insurance products, protect your loved ones' finances in the event that something were to happen to you.What are the benefits of savings plan?
Helps Save Taxes: Since saving plans are essentially life insurance plans, they offer the same tax benefits offered by other insurance plans. In particular, you can avail an exemption of up to Rs 1.5 lakh towards your premium payments, as per Section 80C of the Income Tax Act.Why is saving crucial?
Having a budget can assist you:Manage unforeseen expenses and crises. Reach your financial objectives, such as saving for a car, a down payment for a home, or your retirement.To know more about savings, checkout this link:
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At the end of the fiscal period, Burton Company omitted the adjusting entry for depreciation
on equipment. The effect of this error on the financial statements is to
a. understate liabilities.
b. understate owner's equity.
c. overstate expenses.
d. overstate assets
Answers
The impact of the given error on the financial statement should be an overstatement of the assets.
Since the adjusting entry for depreciation is omitted i.e.Depreciation expense Dr XXXXX
To accumulate depreciation XXXXXX
(being depreciation expense is recorded)
Here depreciation expense is debited as it increased the assets and credited the accumulated depreciation as it decreased the assets.
So if the above journal entry is omitted so it means the assets should be overstated.
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You have a startup company that is not particularly well known. Your annual sales at the end of year 1 are $100,000. Due to hard work, however, you expect that your sales will grow by 25% every year. What type of cash flow is this? Irregular Series Gradient Series Geometric Series Uniform Series
Answers
The cash flow described in this scenario is a geometric series characterized by a constant growth rate of 25% each year.
The type of cash flow described in this scenario is a geometric series. A geometric series is a sequence of numbers in which each term is obtained by multiplying the previous term by a constant ratio. In this case, the annual sales are expected to grow by 25% each year, which means the sales for each subsequent year will be 1.25 times the previous year's sales.
The annual sales of $100,000 at the end of year 1 serve as the starting point, and by applying the growth rate of 25% (or 1.25), we can calculate the sales for each subsequent year. The sales for year 2 would be $100,000 x 1.25 = $125,000, for year 3 it would be $125,000 x 1.25 = $156,250, and so on.
This pattern continues indefinitely, with each year's sales being 25% higher than the previous year. A geometric series is characterized by its constant ratio between consecutive terms, making it suitable for modeling scenarios with consistent growth rates over time.
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Why does investing in stocks often yield a higher rate of return than investing in certificates of deposit?
A) There is a risk that investors in stocks will lose all of their investments if the company in which they invested fails.
B) There is a risk that investors in stocks will be forced to sell their shares of a company if the company goes bankrupt.
C) There is a risk that investors in stocks will be forced to invest more money in a company if the company cannot pay its debts.
D) There is a risk that investors in stocks will be criminally charged for any wrongdoing on the part of the company in which they invested.
Answers
Answer:
Letra D)
Explanation:
Which factors can affect a stock's price? Check all that apply.
RE
market performance
the company's financial health
the quantity products produced
location of the company
the economy
Answers
all traffic between as5 and as8 must transit through as7. suppose as5 and as8 want to avoid paying as7 for this service. what could they do to reduce their cost?
Answers
To reduce their cost while avoiding paying AS7 for the transit service between AS5 and AS8, they could consider the following options:
1. Establish a direct peering agreement: AS5 and AS8 could negotiate and establish a direct peering agreement between themselves. By connecting their networks directly, they can bypass AS7 altogether, reducing their reliance on it for transit. 2. Implement traffic engineering techniques: AS5 and AS8 could implement traffic engineering techniques such as route optimization or traffic manipulation. By strategically manipulating their network routes, they can divert traffic away from AS7 and find alternative paths that may be more cost-effective.
3. Explore alternative transit providers: AS5 and AS8 could search for other transit providers that offer more competitive pricing or negotiate better deals. By diversifying their options, they can reduce their reliance on AS7 and potentially find more affordable transit services. 4. Utilize internet exchange points (IXPs): AS5 and AS8 could connect to an Internet Exchange Point (IXP) where multiple networks interconnect. This allows them to peer directly with other networks, potentially including AS8, without relying on AS7 for transit. This option can provide cost savings by bypassing AS7 and directly exchanging traffic with desired networks.
5. Implement caching or content delivery networks (CDNs): AS5 and AS8 could implement caching or use content delivery networks (CDNs) to store and distribute frequently accessed content closer to end users. By doing so, they can reduce the amount of traffic that needs to transit through AS7, potentially decreasing their overall costs. It's important to note that while these options may reduce their cost, they may also introduce other considerations such as network performance, reliability, and complexity.
AS5 and AS8 should carefully evaluate their specific requirements and consult with network professionals to determine the best approach for their situation.
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Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30,
2012:
Supper Company Ltd.
Stockholders’ Equity
June 30,2012
Paid-in Capital
Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000
Common stock, par value $? per share, 5,000,000 shares authorized,
1,000,000 shares issued and outstanding
2,000,000
Paid-in capital in excess of par—common 6,000,000
Total paid-in capital 9,400,000
Retained earnings 12,300,000
Total Stockholders’ equity $21,700,000
Requirements:
1. What is the par value per share of Supper’s preferred stock? (Show Workings)
2. What is the par value per share of Supper’s common stock? (Show Workings)
3. What is the selling per share for the $6,000,000 reported as paid-in capital in excess of par –
common? (Show Workings)
4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for
cash. Explanations are not required.
Answers
Answer:
1. Par Value of Preferred stock;
= Preferred stock value / Shares issued
= 1,400,000/280,000
= $5
2. Par Value of Common Stock
= Common stock value / Shares issued
= 2,000,002/1,000,000
= $2
3. Selling price per share including Paid-In Cap
Paid-in cap is the price of a share that exceeds its par value. Selling price therefore is;
= (Par Value + Paid In cap)/ Number of shares
= (2,000,000 + 6,000,000) / 1,000,000
= $8 per share
4.
DR Cash $1,400,000
CR Preferred Stock $1,400,000
DR Cash $8,000,000
CR Common Stock $2,000,000
Paid-In Capital in excess of par - Common Stock $6,000,000
who is generally credited with inventing the world wide web?
Answers
Sir Tim Berners-Lee, a British computer scientist, is credited with inventing the World Wide Web by proposing its concept and developing foundational protocols that transformed information access and sharing globally.
Sir Tim Berners-Lee is generally credited with inventing the World Wide Web. He is a British computer scientist who, in 1989, proposed the concept of a distributed information system that would become the foundation for the modern web.
Berners-Lee developed the necessary protocols, including HTML (Hypertext Markup Language), HTTP (Hypertext Transfer Protocol), and URLs (Uniform Resource Locators), which enabled the creation and sharing of web pages.
His work revolutionized the way information is accessed, shared, and interconnected, leading to the widespread adoption and development of the World Wide Web as we know it today.
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write how one can become a skillful manager
Answers
Answer:
One can become a skillful manager with general knowledge and people skills
Explanation:
Every manager has indaviduals working under him or her, so they need to be able to communicate with their subordinates. Thats is where the people skills comes into play. Additionally, every manager needs to know alot about what they are managing, depending on if they are managing a product, or a shift at a restaurant, they need to know how things operate. This usually comes with expeirence. The third skill that every manager needs is problem solving. When a problem arises, it is a managers job to fix problems or delagte tasks to people to fix problems.
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Gordon ramsay made his tv debut on which competitive cooking show?.
Answers
Charlotte wants to know which website generates more profit per resources invested profit divided. by expenses?
Answers
Website generates more profit per resources invested, you would need to compare the profit divided by expenses for each website. This ratio, often referred to as the return on investment (ROI).
To calculate the ROI for each website, you would use the following formula:
ROI = (Profit / Expenses) x 100
For example, if Website A has a profit of $50,000 and expenses of $30,000, its ROI would be:
ROI = ($50,000 / $30,000) x 100 = 1.67
If Website B has a profit of $40,000 and expenses of $20,000, its ROI would be:
ROI = ($40,000 / $20,000) x 100 = 2.0
In this example, Website B would have a higher ROI than Website A, and therefore would be considered to be generating more profit per resources invested.
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Jamie is researching places to live after graduating college he asked you I keep coming across as phrase cost-of-living I’ve never heard of it before do you know what it means which of the following definitions would you choose to explain to Jamie about cost-of-living means
Answers
Answer:
The cost of living refers to the prices of goods and services needed to sustain an average level standard of living in an area
Explanation:
The cost of living refers to the cost of keeping up with a given standard of living. It is the amount Jamie would need to keep up with basic expenses such as food, housing, clothing and medical care. Cost of living compares the expense between living in two different areas. Jamie's cost of living is tied to his wages and it can be measured using what is called purchasing power parity.
7. Choose if the product is a Good, a Service, or Both.
buying a bicycle
getting a back massage
getting the plumbing fixed in your house
use of a smartphone app
buying a new AC unit for your house
buying a hamburger
getting your taxes completed by a tax firm
Answers
Answer:
1 buying a bicycle it's a good
2 getting a back message it's a service
3 getting the plumbing fixed in your house it's a service
4 use of a smartphone app it's a service
5 buying a new Ac unit for your house it's a service
6 buying a hamburger it's a good
7 getting your taxes completed by a tax firm it's both
what does ngo stand for
Answers
NGO stands for Non-Governmental Organization. These are organizations that operate independently of any government and are typically non-profit. They are often involved in humanitarian or social causes, such as providing aid to those in need or advocating for certain issues.
Examples of NGOs include Oxfam, Doctors Without Borders, and the World Wildlife Fund. Non-Governmental Organization, which is an organization that is not a part of any government but works towards a common goal. NGO's typically work in the fields of human rights, social justice, or environmental conservation.
NGOs are generally funded by contributions from individuals, corporations and foundations, and may receive grants from governments or international organizations. They often rely on volunteers to do the work and may work with other NGOs, government agencies or private companies to achieve their goals.
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You open a new bank account at Eastside Savings. You see FDIC stickers around the bank, and the teller specifically mentions that Eastside
Savings is "FDIC Insured". A few months later, you hear on the radio that Eastside Savings is struggling to stay in business. Your savings balance
Is $500. What would happen to that money if Eastside Savings failed?
A.You could lose $250 since FDIC Insurance only covers 50% of the money you have deposited.
B.You would lose all of your money.
C.You would receive $250,000 since FDIC Insurance provides each account at the bank with $250,000 regardless of how much they
have deposited
D.You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Answers
Answer:
The correct option is D. You would receive all the money you have deposited at Eastside Savings since FDIC insurance covers accounts up to $250,000.
Explanation:
Based on the information given what would happen to that money in a situation where Eastside Savings failed is that such individual would receive all the money he/she have deposited at Eastside Savings reason been that FDIC which is fully known as FEDERAL DEPOSIT INSURANCE CORPORATE insurance covers accounts up to the amount of $250,000 and Secondly Eastside Savings is "FDIC Insured".
If the elasticity of labor is 0.60, a 15 percent increase in the wage rate will induce a A. 4.0 percent decrease in the quantity of labor supplied. B. 9.0 percent increase in the quantity of labor supplied. C. 9.0 percent decrease in the quantity of labor supplied.
D. 4.0 percent increase in the quantity of labor supplied.
Answers
If the elasticity of labor is 0.60, a 15 percent increase in the wage rate will induce a 9.0 percent increase in the quantity of labor supplied (Option B).
The elasticity of labor measures the responsiveness of labor supply to changes in the wage rate. In this case, the elasticity is positive (0.60), indicating that an increase in the wage rate leads to an increase in the quantity of labor supplied. To calculate the change in labor supply, we multiply the percentage change in wage rate (15%) by the elasticity of labor (0.60):
15% × 0.60 = 9.0%
This means that for every 1 percent increase in the wage rate, the quantity of labor supplied will increase by 0.60 percent. When the wage rate increases by 15 percent, the labor supply will respond with a 9.0 percent increase. This demonstrates that the labor market is responsive to changes in wages, and workers are likely to supply more labor when wages increase. Option B is the correct answer.
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In which learning path activity do you analyze cases in a step-by-step manner to understand how the law affects business?.
Answers
A Learning Path activity that involves analyses of cases in a step-by-step manner to understand how the law affects business is Case Problem Analysis.
What is Case Problem Analysis.?
A case problem analysis can be regarded as a learning path that involves investigation of a business problem as well as the , examination of the alternative effective solution.
Therefore, Case Problem Analysis involves analyses of cases in a step-by-step manner to understand how the law affects business .
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GMR industries entered the airport space in early 2000's and is today 1
counted amongst the top 5 airports, private airport developer and operators
globally. GMR industries presently owns and operates Delhi International
Airport and Hyderabad International Airport. Apart from being the largest
airport company in India, GMR industries are the only Indian Airport
developer to have developed and operated airports outside India.
Identify the types of industry and its category being discussed in the above
case?
Answers
Answer:
f
Explanation:swsw
List any THREEshopping skill that you will follow.
Answers
2. Negotiating major purchases
3. Evaluating competing products
4. Separating quality from quantity when clothes shopping
5. Determining want versus need
6. Learning how to just say NO
7. Identifying the right times to buy things
8. Seeing the value in used goods
9. Avoiding shopping hungry OR emotional
10. Knowing your shopping triggers and staying away from them
There are 10 shopping skills that we can follow , you can choose any 3 from these and answer your question.
From the perspective of the lessee, leases may be classified as either
A. Direct financing or sales-type.
B. Capital or direct financing.
C. Capital or operating
D. Direct financing or operating.
Answers
From the perspective of the lessee, leases may be classified as either capital or operating(C).
From the perspective of the lessee, leases can be classified as either capital leases or operating leases. Capital leases are long-term leases that are treated as asset acquisitions by the lessee while operating leases are short-term leases that are treated as rental agreements. The classification depends on factors such as the lease term, transfer of ownership, and present value of lease payments.
Capital leases involve transferring the risks and rewards of ownership to the lessee while operating leases do not. The classification affects how the lease is accounted for on the lessee's financial statements.
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A college graduate expects to earn a salary of $60,000 during the first year after graduation and receive a 4% raise every year after that. What is the total income he will have received after ten years?
a. $720,366. 43
b. $634,967. 72
c. $624,000. 00
d. $809,181. 8
Answers
The total income the college graduate will have received after ten years is $720,366.43. So correct answer is option a.
To calculate the total income after ten years, we can use the concept of a geometric sequence. The initial salary is $60,000, and it increases by 4% each year. This can be represented as a geometric sequence with a common ratio of 1.04. The formula to calculate the sum of a geometric sequence is:
Total Income = Initial Salary * (1 - (Common Ratio ^ Number of Years)) / (1 - Common Ratio)
Plugging in the values, we have:
Total Income = $60,000 * (1 - (1.04^10)) / (1 - 1.04) = $720,366.43
Therefore, the correct answer is option a. $720,366.43.
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22.4.2 Test (CST): Microeconomics
Question 3 of 20
The supply of a good available in a market is likely to increase when:
OA. new regulations increase the cost of making the product.
OB. companies believe that the product's selling price will go up.
OC. few workers have the skills needed to create the product.
OD. technology used to make the product is not widely available.
SUBMIT
Answers
The supply of a good available in a market is likely to increase when companies believe that the product's selling price will go up. Thus, option (b) is correct.
The supply of a good in a market is expected to expand as more people make the commodity, increasing the total amount of suppliers.
This is one of the supply factors, along with the price and cost of manufacturing, technology, government regulations, and future price expectations.
As a result, the significance of the supply of a good available in a market is likely to increase are the aforementioned. Therefore, option (b) is correct.
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if your assets total more than your liabilities, you will have a(n) _____ net worth.
Answers
If your assets total more than your liabilities, you will have a positive net worth.
Net worth is calculated by subtracting your total liabilities from your total assets. If your assets are greater than your liabilities, you will have a positive net worth, which means that you have a financial surplus. A positive net worth is an indicator of financial health and stability. On the other hand, if your liabilities are greater than your assets, you will have a negative net worth, which means that you have a financial deficit.
A negative net worth is an indicator of financial distress and potential insolvency.
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Do you think you should use a zero-based budgeting system? Explain why or why not.
Answers
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Answers
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Which of the following is most likely reason that a regulated product may go
to market?
Answers
Answer:
B) it has passed testing and certification standards
Explanation: hope this helps!
Answer:
B IS CORRECT :))))
Explanation: