All businesses have to perform certain functions to sell their products or services and achieve success. Marketing the product or service plays an important role in achieving success. Marketing functions are those activities that an organization performs to meet its marketing objectives. Research online and describe any three marketing activities (such as distribution, financing, marketing information management, pricing, selling, promotion, and product/service management), that businesses must perform to achieve their marketing goals. How important are these interrelated functions to business success?

Answers

Answer 1

Answer:

Very important

Explanation:

As supply chain management traditionally has focused on sourcing components, materials and other supplies as well as distribution. Marketing plays an increasingly important role in the process; it balances procurement by providing essential demand information and building the relationships that help improve the efficiency of supply chain operations

Therefore marketing functions as: promotion (inform the benefit of a product ) - pricing (stablish the correct price that comunicates to the intended market) -  marketing information management (monitoring the marketplace, organizing and analyzing the results of data collection, and developing strategies for future marketing activities).

Answer 2

Answer:

Marketing helps sell your products and services in the market.

Explanation:

Marketing the product or service plays an important role in achieving success. Marketing functions are those activities that an organization performs to meet its marketing objectives.

Marketing is in charge of speaking with clients about items, clarifying who is offering them and why they are alluring. Advertising is likewise in charge of tuning in to clients and imparting back to the supplier about how well they are fulfilling client needs and open doors for development.


Related Questions

Select the examples that best represent Agriculture, Food, and Natural Resources customers. Check all that apply.

A a farmer who needs medical treatment for a sick cow

B a grocery store that buys food products from a food processing factory

C a company that buys corn from farms to process it into breakfast cereal

D parents who want to find a good school for their children

E a group of friends who are planning a vacation to a big city together

F a biking club that wants to make sure local roads are in good condition

G a school that needs its lawn to be mowed

Answers

Answer:

A B C G

Explanation:

The examples that best represent Agriculture, Food, and Natural Resources customers are:

A. a farmer who needs medical treatment for a sick cow

B. a grocery store that buys food products from a food processing factory

C. a company that buys corn from farms to process it into breakfast cereal

F. a biking club that wants to make sure local roads are in good condition

G. a school that needs its lawn to be mowed

The examples provided directly relate to Agriculture, Food, and Natural Resources customers. A farmer seeking medical treatment for a sick cow, a grocery store buying food products, and a company purchasing corn for cereal production are all tied to the agricultural and food industries.

Similarly, a biking club concerned about road conditions and a school requiring lawn maintenance reflect a connection to natural resources. These examples highlight interactions within these sectors, emphasizing the significance of Agriculture, Food, and Natural Resources in various aspects of daily life and business operations

The correct answer is option A, B, C, F and G.

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The activities of people traveling to and staying in places outside their usual environments for not more than one consecutive year for leisure, business, and other purposes is called _____.

A hospitality
B tourism
C travel
D transportation

Answers

The answer is Tourism

Answer:

B Tourism

Explanation:

At this stage in your life as a student, what investment would you recommend to save a portion of your money for your retirement?
Invest in a low interest savings account
Invest in a checking account so that you can have immediate access to your money
Invest in some “safe” securities so that you can get the highest rate of return
Invest in a security that carries higher risk and a higher rate of return

Your grandpa has an account in which he must make minimum withdrawals starting at 70 ½. Which account would you assume he has?
Roth IRA
Traditional IRA
401(k)
403(b)

Which type of individual retirement account are you typically able to make withdrawals tax-free?
Roth IRA
Traditional IRA
401(k)
403(b)

Which type of individual retirement account should you choose if you want your contributions to be tax deductible?
Roth IRA
Traditional IRA
401(k)
403(b)

Your spouse is a teacher at the local elementary school. Which retirement plan would she most likely have?
Roth IRA
Traditional IRA
401(k)
403(b)

Answers

Answer:

1. Invest in a security that carries higher risk and a higher rate of return

2. Traditional IRA

3. Roth IRA

4. Traditional IRA

5. 403(b)

Final answer:

Investing in 'safe' securities and a Roth IRA can be beneficial for a student. With respect to the various retirement accounts, a Traditional IRA seems to be the one your grandpa has, and a 403(b) is what your teacher spouse would likely have.

Explanation:

At this stage in your life as a student, a smart investment strategy would be to start with 'safe' securities like bonds or mutual funds, as these generally provide a higher rate of return than a low-interest savings or checking account, without the high risk of more aggressive investment vehicles. You could also consider a Roth IRA, which allows you to make withdrawals tax-free in retirement, though your contributions will not be tax-deductible. If you want your contributions to be tax-deductible, you might opt for a Traditional IRA.

With respect to your grandpa's withdrawal scenario, it's likely that he has a Traditional IRA, since that type of account requires minimum distributions starting at age 70½. Lastly, your spouse, being a teacher, would likely have a 403(b) retirement plan, which is common in educational institutions.

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is giving a speech on job specialization for her business class. She will most likely tell the class that one of the reasons for job specialization is


A .special skills are not needed to complete specialized tasks.

B .not everyone wants to do the same thing.

C. a worker repeating the same job becomes bored and slows down the operation.

D. the organization is too large for one person to do everything.

Answers

Answer:

Answer D.

Explanation:

Job specialization is needed when we want to be sure that specific job is performed by the person who have desired skills. In large organization its needed to structure teams, to assign tasks to people with right skills, to deliver work in efficient way.

Final answer:

Job specialization is the process where tasks are divided and assigned to different workers based on their skills and interests, leading to efficiency and effectiveness, especially in large organizations.

Explanation:

One of the reasons for job specialization is that it enables organizations to operate more efficiently by having workers focus on specific tasks that align with their skills, talents, and interests. This leads to a number of advantages, such as reduced skill requirements for jobs, decreased staffing costs, and shorter training times. However, it is also noted that job specialization can lead to boredom due to the repetitive nature of tasks, and it can be less effective in environments that require adaptability to change.

In answering the student's question, when giving a speech on job specialization, she will most likely tell the class that one of the reasons for job specialization is that the organization is too large for one person to do everything (D). This selection explains the need for dividing tasks among different individuals to improve efficiency and effectiveness.

A primary user of accounting information with a direct financial interest in the business is a (the):

Answers

labor union :) i really hope this helps!

do you believe the decision to start a new
business is a good one or would you advise that person to continue looking for employment? What are your reasons for
caining to this conclusion?​

Answers

I believe that it depends on the individuals skills if they match up well enough to the qualities of starting a business and they must know the risk they are taking with a new business so in most cases I think people should continue to look for employment

Which of the following financing options has the least (future) obligation from the student?
scholarship
loan
work study

You and your spouse have a 72 month car loan. What is the best way to shorten the amount of time that it takes you to pay back the loan?
sending in your payments on time
having good credit
using your credit card to make a car payment
making extra car payments several times a year

Which of the following is the best example of amortization?
30 yr mortgage
48 month car loan
15 yr student loan
all of the above

Answers

Answer:

i'm not that good at this type of thing but i'll try:)

For the 1st one i believe the answer is scholarship

For the 2nd one i believe its either sending your payments in on time or having good credit

For the 3rd one i believe it is 48 month car loan

I am joyous to assist and hope i've been of some help :)

Answer:

I just took this test and got a 100

Explanation:

1. Scholarship- this is the only option here where money is given without repaying

2. making extra payments several times a year, this is the only way to shorten the time it takes to pay

3. all of the above. all of them are long term loans

The heading at the top of a balance sheet includes the name of the firm the words Balance Sheet and the date of the
financial statement
True
Faise

Answers

The answer to it is true

Answer:

The correct answer is TRUE.

Explanation:

A balance sheet is an annual report to demonstrate the financial situation of a company.

This report shows debts, goods and services that a company owns and its net capital. Each company has certain types of accounts that will be placed in these categories (Assets, Liabilities or Capital).

For example, a customer will go in the assets column, since a customer of a company generates income, just as a supplier will go in the liabilities column because the company must pay the supplier to receive something in return.

This balance must have a heading that has the name of the company, the words "Balance Sheet" and the date of the financial statement.

Therefore, we can say that the answer is True.

Why should business take on the task of training the hard core unemployed ?

Answers

Answer:

This task is another aspect of social responsibility. When these people receive training, they become more employable. Overall, such training programs improve the economy, which in turn helps the firms that sponsor the programs

Explanation:

It is important for the businesses to train the hard core unemployed groups of people as a part of their contributions to Corporate Social Responsibility.

What is the significance of Corporate Social Responsibility?

A Corporate Social Responsibility can be referred to or considered as a responsibility that every profit-making business organization has to fulfill as a part of their duties towards the society that they operate in to earn profits.

Training the unemployed sections of the society with some basic skills, where people get to acquire skills, increases the chances of them being employed in different fields of work. It is a welfare activity and comes under the purview of Corporate Social Responsibility.

Therefore, the significance regarding Corporate Social Responsibility has been aforementioned.

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Consider the market for mobile applications, smartphones, and conventional phones. Each pair are they complements or substitutes

Answers

Explanation:

Complements and Substitutes are basically the goods or services. Complements are the goods which are used with one another, and with the increase of price of one good, the demand of other good falls. On the other hand, substitutes are the goods which are used in place of other goods and with the increase in the price of one good, the demand of other product increases.

In this question, Mobile Applications and Smart Phones are Complements, and Smart Phones and Conventional Phones are Substitutes, and Mobile Applications and Conventional Phones are substitutes.

Substitute goods are those goods that are used in place of each other and complementary goods are those goods which are consumed together.

Complimentary commodities are those that are eaten together, whereas substitute goods are those that are used in place of one another.

Pair of goods and services and  their type:

1.) Mobile applications and smartphones- Compliments

2.) Mobile applications and conventional phones- Substitutes

3.) Smartphones and conventional- Substitutes

Therefore, Substitute goods are those goods that are used in place of each other, and complementary goods are those goods that are consumed together.

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Cameron is the sales director for his Northeast company’s region. This is an example of

Answers

Answer:

Cameron is the sales director for his Northeast company's region. He's a rehional sales director.

Explanation:

A Regional Sales Director is in charge of the closeout of a business' items or administrations in a predetermined district or geological region. The provincial project supervisor gives progressing backing to disseminate and create to item or administration.

Furthermore, the territorial project lead deals with a business group in the predefined zone. Subsequently, Cameron is the local deals Director.

Taylor needs a natural resources in his venture to make his enterprise possible. Which of the following isn't considered a capital resource Taylor will need?


Module 8 EPF

Answers

Answer:

The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.

Explanation:

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.

What are Social Security taxes used for? (Select the best answer.)

a) Income for retired and disabled people
b) Building schools and playground
c)Medical benefits for people ages 65 and over
d) Unemployment

Answers

Answer:

b

Explanation:

building schools and playground

Social Security Tax collected are distributed as the pension after retirement and fund for disabled.

Answer: Option a

Explanation:

Any government that help the people with disability and of old age with financial assistance is Social Security. It is collected from every single employers and employees on the basis of their earnings.

In India, it covers the pension, medical benefits, disability benefits and health benefits and is collected as PF (Provident Fund), the individuals who are liable are required to pay the tax with a social motive. The current EPF rate is 12% so, every employee who are liable must contribute 12% from the basic salary.

Libby has bought 100 preferred stocks of Alexis Ltd. This year, Alexis Ltd. paid a dividend of $2.50 per share. The price of each preferred share is $15. What is the cost of preferred equity?
The cost of preferred equity is [blank]
percent.

Answers

Answer:

$0,16

Explanation:

Cost of Preferred Stock. is the rate of return required by holders of a company's preferred stock. It is calculated by dividing the annual preferred dividend payment by the preferred stock's current market price

Dividend                              $100 x $2,50= $250

___________________________________________ = $0,16

Current market price   $100 x $15= $1,500

Answer:

17.00 percent

Explanation:

Preferred equity is an ownership interest in a company. However, preferred does not carry any voting right like the common equity.

The formula for calculating the cost of preferred equity for the 100 preferred stocks is follows:

[tex]Cost of Preferred Equity = \frac{Preferred Dividend per Share * 100}{Price per Share * 100}[/tex]

Where,

Preferred Dividend Per Share = $2.50

Price Per Share = $15

Therefore,

[tex]Cost of Preferred Equity = \frac{2.50 * 100}{15} = \frac{250}{1,500} = 0.17[/tex]

Expressing 0.17 as a percentage by multiplying it by 100, we have:

Cost of Preferred Equity = 0.17 * 100 = 17.00 or 17.00 percent.

I wish best of luck.

All of the following are ways you can commit to your career path except: (APEX)

A: looking for internships in related fields

B: researching careers in the field

C: letting yourself be swayed by those who love you

D: finding out what type of education you need

Answers

Answer:

C: letting yourself be swayed by those who love you.

Explanation:

It is only common knowledge that one cannot be be swayed by those who love you because only then will you be held back from committing to your career path.

Answer:

c

Explanation:

which of the following isn't considered a capital resource Taylor will need?

This is Module 8 EPF

Answers

Answer:

The factors of production typically include land, labor, capital, entrepreneurship, and the state of technological progress.

Explanation:

In economics, capital typically refers to money. But money is not a factor of production because it is not directly involved in producing a good or service.

Instead, it facilitates the processes used in production by enabling entrepreneurs and company owners to purchase capital goods or land or pay wages. For modern mainstream economists, capital is the primary driver of value.

what are three different types of financial institutions?

Answers

Answer:

Credit unions

Commercial bank

Retailers

Explanation:

Answer:

three main types of financial institutions: depository, non- depository, and investment

those are the 3 main types of finacial institutions

You need to analyze the relationship between business and labor. Write a question that your essay will answer. You can use one of the ideas on page 2, or you can come up with your own.​

Answers

Answer:

importance of the coexistence of work and business

Explanation:

both support each other, since a company cannot grow without an operating team that produces the goods and services it offers to its consumers.

Answer:

Importnace of factors of production

Explanation:

factors of production include

1. land

2. labor

3. capital

4. entrepreneurship

In the question given in order to analyse the relationship of labor and business we can imply relate to the relationship of productivity of labor to that of the growth of the business.

Increased productivity of labor leads to increased efficiency. which in turn reduces cost and improves the profitability of the business.

Moreover in real life examples we can look at specialized profession where skilled labors productivity like doctors, teachers, lawyers etc help in building an image of the organisation which in turn helps in getting more clients.

labor productivity has a direct relation with the business growth and its profitability.

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate. What was the sale price of the property?

Answers

Answer:

$50,325 is the sale price of the property

Explanation:

Karen made a commission of $3522.75 on the sale of a property. Splitter commission clear with her broker which is 50% to the broker and 50% Karen. Broker took 55% of the total commission on a 7% commission rate.

So not considering the commission for a while if we divide commission by the commission rate we will get the sale price.

                                    $3522.75/0.07= $50,325.

Chris runs a small business. She always seems to come up with original and effective new ideas for product designs and generates fresh ideas that satisfy the needs of consumers. As an entrepreneur, Chris is highly _______?

Answers

Answer:

innovative

Explanation:

Final answer:

Chris, the entrepreneur, is described as highly innovative. Her exceptional ability to generate new and effective ideas for product designs and catering to consumer needs underlines her innovative characteristics.

Explanation:

In the context of the question, Chris, as an entrepreneur, can be described as highly innovative. Innovation refers to the ability to generate and implement new ideas, solutions, and approaches. This can involve creating new products or services or finding new ways to do business. Innovative entrepreneurs like Chris are always thinking and able to turn creative thoughts into tangible and successful outcomes. Her ability to come up with original and effective new ideas for product designs and consistently generate fresh ideas that satisfy the needs of consumers shows her innovative characteristics.

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Louise has been a child care provider for one year. She works out of her home and cares for five children. She completed a training and certification course and is registered in her state. At what type of facility does Louise work at?

a) licensed child care center
b) state certified child care center
c) registered family child care center
d) certified in-home child care center

Answers

Answer: D

Explanation:

The amount that people are willing to pay for each additional unit of a product or service is the _____________? A. Opportunity cost B. Marginal benefit C. Marginal cost D. Investment opportunity

Answers

Answer: opportunity cost

Explanation:

The amount that people are willing to pay for each additional unit of a product or service is the B. Marginal benefit

What's marginal gain?

Marginal benefits are the maximum quantity a consumer will pay for an additional good or service. A marginal benefit is likewise the additional pleasure that a customer receives whilst the extra exact or carrier is purchased.

What is a marginal benefit example?

For an instance, a customer is willing to pay $five for ice cream, so the marginal gain of eating the ice cream is $5. but, the consumer may be considerably less inclined to purchase extra ice cream at that fee – best a $2 expenditure will tempt the person to buy another one.

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The strategy that allows people with competing goals to work together to find a solution is _____.

A. General collaboration

B. Sustained collaboration

C. Knowledge management collaboration

D. Negotiation Collaboration

Answers

Answer:

D. Negotiation Collaboration

Explanation:

When people with competing goals work together to find a solution it means they are negotiating to find a common goal.

As you may know, negotiation is a method by which people settle differences, therefore, that leaves the answer to D. Negotiation Collaboration

People are negotiating to find a common aim when they get together to find a solution while having divergent goals. Since negotiation is a technique used to resolve conflicts, the answer to question

Option D is correct: Negotiation Collaboration

What benefits do collaborative negotiations offer?

Negotiators can accept each other's differences as well as their shared interests by engaging in collaborative negotiation, which enables them to solve problems together while dealing with each other as people. It is a strong, practical tool that can help both sides develop their initiatives and succeed in their objectives.

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What is the reward for owning each factor of production?

Answers

Answer:

rent for land, wages for labour, interest for capital, and profit for enterprise.

Explanation:

Because goods and services are scarce they have a value. To get these goods or services we must sacrifice something, usually time and money.

About business
What is business

Answers

One definition from Google dictionary is "the practice of making one's living by engaging in commerce." Business includes money, buying, selling, or even just providing a service to customers. To earn a business degree, you have to take classes such as accounting, logistics, and economics.

Business combine factors of production to make products (goods and services) which satisfy people’s wants.

If you mismanage your checking account by bouncing checks repeatedly or
ignorira overdraft notices, which of the following results may happen to you?
[Tricky question: read all answers.]
A. You will be charged a penalty fee for a "returned" (bounced) check.
You may pay higher rents or interest rates because of your poor credit
B.
history.
C. You bounce more checks and receive more penalty fees if you aren't aware
of your "negative balance" and don't put more funds in your account.
D. All of the above.

Answers

Ii Believe The Answer Is C.

You bounce more checks and receive more penalty fees if you aren't aware of your "negative balance" and don't put more funds in your account.

What is "negative balance?

When an accounting record's ending balance differs from the anticipated normal balance, a negative balance results. Based on an account's placement in the chart of accounts, this expectation is made.

A negative balance should only happen in unusual circumstances. An asset account is considered to have a negative balance, for instance, if its typical debit balance has changed to a credit balance.

A negative balance should be looked into as it may be a sign that an improper accounting transaction was recorded in the account. Usually, it indicates that a journal entry was made using the incorrect account or that the debits and credits were inadvertently reversed.

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which of the following is an example of a job that would supply a good that would meet a need? A. limo driver B. actor C. farmer D. doctor

Answers

Final answer:

A C. farmer is an example of a job that supplies a good (food) that meets a basic need (hunger).

Explanation:

Jobs that supply goods meeting needs are essential for a functioning economy. These jobs involve producing and distributing goods and services necessary for daily life, such as food production, healthcare, construction, transportation, and manufacturing. They address basic human needs, driving economic activity and improving the overall quality of life.

The correct option is C. farmer. A farmer is an example of a job that supplies a good (food) that meets a basic need (hunger). Farmers cultivate crops and raise livestock to produce food for the population. Without farmers, there would not be enough food to sustain the population's nutritional needs.

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Cameron is the sales director for his Northeast company’s region. This is an example of

Answers

Final answer:

The statement describes a job title in a business context, specifically, it identifies the role and probable responsibilities of Cameron as a sales director. It also indicates the geographic area (the Northeast) he's responsible for, which suggests that the company operates in multiple regions.

Explanation:

The given statement, 'Cameron is the sales director for his Northeast company’s region,' is an example of a job title in a business context. This job title indicates the role Cameron plays in the company and the responsibilities he holds. As the sales director, his probable duties would include leading the sales team, setting sales goals, and developing sales strategies. Furthermore, the mention of the 'Northeast company’s region' specifies the geographical area in which he operates, pointing to the fact that the company likely has different sales directors for different regions, a common strategy in larger companies to better manage sales.

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Overall, funding for pre-kindergarten programs has been ____.

Answers

Answer:

underway is the answer I'm thinking

The actual answer is INCREASING!

A community that wants to invest in a tourism development should first conduct a _____.

A.survey of residents
B.self-assessment
C.environmental-impact statement
D.investment plan

(help me please |-| ;-;

Answers

Answer:

self-assessment

Explanation:

That community should first conduct a self-assessmentself assessment refers to self-evaluation to determine our performance to complete a certain objective.in this case, the community should evaluate itself and determine whether they possess things that are necessary for a successful tourism place, such as unique place/attraction, unique culture, beautiful scenery, accommodation, etc.

Final answer:

A community planning a tourism development should first conduct an environmental-impact statement, a report detailing the potential effects of the project on the local environment.

Explanation:

Before a community can begin a tourism development project, it should first conduct an environmental-impact statement. An environmental-impact statement is a report that details how the proposed development will affect the surrounding environment. This includes effects on the local wildlife, ecosystem, water sources, and air quality. This step is crucial, as it helps planners to understand the possible impacts of their project and make decisions that promote sustainability and minimize negative impacts on the environment. For example, if a planned resort may harm a local bird species' habitat, the report can help planners identify this issue before construction begins, allowing them to modify their plans to protect the species.

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