6. Briefly describe the 4 major steps in designing a customer-driven marketing strategy.
7. Segment the MARKET for the following products in Tacloban City using the different segmentation variables:
a. Food
b. Education
c. RTW goods
8. What is a brand? What are the advantages of having a brand for your products? What competitive advantage will brand equity give to a product?
Answers
Identify Customer Needs and Wants - This involves understanding the needs, desires, and preferences of your target customers through market research, surveys, and customer feedback.
Segment the Market - Divide the market into distinct groups or segments based on similar characteristics such as demographics, psychographics, behavior, or geographic location.
Targeting - Select the most attractive segments that align with your business objectives and have the potential for profitability. Develop marketing strategies tailored to each target segment.
Positioning - Differentiate your product or service in the minds of the customers within the chosen target segments. Create a unique value proposition and communicate it effectively through branding, messaging, and positioning strategies.
To segment the market in Tacloban City for different products like food, education, and RTW goods, various variables can be considered. These variables may include demographic factors (age, income, gender), psychographic factors (lifestyle, interests, values), geographic factors (location, proximity to schools, access to retail outlets), and behavioral factors (shopping habits, brand loyalty, frequency of purchases).
A brand is a unique identifier and a set of associations that consumers have with a particular product, service, or company. Having a brand for your products offers several advantages. Firstly, it helps differentiate your offerings from competitors, creating a unique identity and perception in the minds of consumers. A strong brand also builds trust and loyalty among customers, leading to repeat purchases and positive word-of-mouth. Additionally, brand equity, which is the value associated with a brand name, can provide a competitive advantage by enabling higher pricing, easier market entry for new products, and increased customer preference and recognition.
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Related Questions
Why proprietor is crucial in the private organization?
Answers
Answer:
A possible main reason for all of these business is to be able to earn profit and increase their market's shares. However, the unlimited liability is more important, the owner's business assets and his or her personal assets will basically be owned by the creditors when the business faces financial losses.
What information does evm provide that is missing from a review of a budget plan and actual expenditures only?
Answers
EVM provides performance measurement information that is missing from a review of a budget plan and actual expenditures only. By incorporating metrics such as PV, AC, and EV, EVM enables project managers to assess project progress, identify deviations from the plan, and make informed decisions to ensure successful project completion.
The information that an Earned Value Management (EVM) provides, which is missing from a review of a budget plan and actual expenditures only, is the performance measurement aspect. While a budget plan and actual expenditures give insight into the financial aspects of a project, EVM goes a step further by providing information on the project's progress and performance.
EVM incorporates three key measurements: Planned Value (PV), Actual Cost (AC), and Earned Value (EV). PV represents the budgeted cost of the work scheduled to be completed, AC represents the actual cost incurred, and EV represents the value of work completed according to the schedule. By comparing these measurements, EVM allows for a comprehensive analysis of a project's performance.
With EVM, project managers can determine if the project is on track, ahead of schedule, or behind schedule, and if it is within budget or over budget. This information is crucial for making informed decisions and taking corrective actions if necessary. Additionally, EVM provides metrics such as Cost Performance Index (CPI) and Schedule Performance Index (SPI), which further assist in evaluating project efficiency and effectiveness.
In conclusion, EVM provides performance measurement information that is missing from a review of a budget plan and actual expenditures only. By incorporating metrics such as PV, AC, and EV, EVM enables project managers to assess project progress, identify deviations from the plan, and make informed decisions to ensure successful project completion.
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Functions of marketing
Answers
Answer:
There are seven widely accepted marketing functions that contribute to the overall work of marketers. The seven functions include: Promotion. Selling. Product management. Pricing. Marketing information management. Financing. Distribution. Why are the seven marketing functions important? The seven marketing functions are important since each of them represents a category of activities that occurs in marketing.
Explanation:
Important Functions of Marketing :
1. Gathering and Analysing Market Information: ...
2. Marketing Planning: ...
3. Product Designing and Development: ...
4. Standardisation and Grading: ...
5. Packaging and Labelling: ...
6. Branding: ...
7. Customer Support Service: ...
8. Pricing of Products:
What are the safety risks associated with using the Internet? Check all that apply.
encountering inappropriate content
finding incorrect information
getting a computer virus
having your identity stolen
talking privately with your friends
Answers
Answer:
A) Encountering inappropriate content.
C) Getting a computer virus.
D) Having your identity stolen.
The safety risks associated with using the Internet are encountering inappropriate content, getting a computer virus, and having your identity stolen.
With its limitless access to information, the Internet is both a useful tool and a potential threat to safety and security. It's crucial to keep an eye on what a youngster sees, hears, shares, or could be exposed to.
Privacy settings can restrict who can view your child's personal information, such as their name, age, and residence. However, if your child adds someone as a "friend," that person will have access to your child's private information, including, in the case of some devices, their GPS position.
Therefore, the following statements are:
Encountering inappropriate content.Getting a computer virus.Having your identity stolen.To know more about the safety risks, visit:
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Sample advertisement: Lose body fat and feel healthier with our proven supplement, Edgozene! Losing weight is easy with Edgozene! Just take two pills before each meal. You'll feel more full and eat less. No other diet pill offers what our product does - and for a limited time, if you buy now you can get two bottles of Edgozene for just $29.95! Which of these statements from the advertisement are facts? Check all that apply. A) Losing weight is easy with Edgozene. B) You will lose weight and feel healthier if you take Edgozene. C) You will receive two bottles of Edgozene when you order. D) Edgozene costs $29.95. E) You won’t eat as much if you take Edgozene.
Answers
Answer:
C) You will receive two bottles of Edgozene when you order.
D) Edgozene costs $29.95.
Explanation:
We assume that 1 order costs $29.95 and delivers 2 bottles. (That is, we assume that you cannot order 1 bottle for $14.98.) Under that assumption, the cost is $29.95 (D) and the amount delivered is 2 bottles. (C)
There is no way to determine whether any other claims are facts, or not. As a rule, feelings experienced when eating are a function of a lot more than just a diet pill. That is, you may or may not eat less when/if you feel more full.
Answer:
c,d
Explanation:
A recipe for pie crust calls for 2/3 cip of water for every 3 cups of flour. If you doubled the recipe, you would need 1 and 1/3 cups of water for 6 cups of flour. Which proportions involving complex fractions could represent these ratios CLICK ALL THAT APPLY
Answers
Answer:
the options are missing, so I looked for a similar question (see attached image):
option B option DExplanation:
the equivalent ratios for pie crust and water are:
²/₃ : 3 (normal recipe)
⁴/₃ : 6 (double recipe)
if we equal both ratios:
²/₃ : 3 = ⁴/₃ : 6 we get option B (²/₃ / 3 = ⁴/₃ / 6)
if we reciprocate both sides (we basically flip them), then:
3 : ²/₃ = 6 : ⁴/₃, we get option D (3 / ²/₃ = 6 / ⁴/₃)
Answer:
the answer is b and d
Explanation:
i just took a quiz with the question.
Identify the type of business.
Exporting
does not require setting up any manufacturing plant in the nations the products are marketed. It involves producing goods locally.
Answers
General and legal and political environment
You're thinking of withdrawing all your fun $45,000 from your 401k age 54 the normal tax rate for you would be 20% the rules of withdrawing funds before the age of 59 and a half is the temperature in penalty how much would you save if you waited until age 59 and a half
Answers
Answer:
The age 59½ distribution rule says any 401k participant may begin to withdraw money from his or her plan after reaching the age of 59½ without having to pay a 10 percent early withdrawal penalty.
Explanation:
Until the age of 59.5 years, the amount saved from the withdrawal of funds is $3,600.
What is a tax?A tax is an obligatory payment made by the taxpayer to the government in respect of the income earned in the previous year.
Given values:
Amount of funds: $45,000
Normal tax rate: 20%
Penalty rate at 59.5 years: 10%
Step-1 Computation of after-tax amount paid at 54 years:
\(\rm\ After \rm\ Tax \rm\ Amount \rm\ at \rm\ 54 \rm\ years =\rm\ Amount \rm\ of \rm\ funds \times (\rm\ 1-\rm\ Tax \rm\ Rate)\\\rm\ After \rm\ Tax \rm\ Amount=\$45,000 \times\ (1-0.20)\\\rm\ After \rm\ Tax \rm\ Amount=\$36,000\)
Step-2 Computation of after-tax amount paid at 59.5 years:
\(\rm\ After \rm\ Tax \rm\ Amount \rm\ at \rm\ 59.5 \rm\ years =\rm\ Amount \rm\ of \rm\ Funds \times (\rm\ 1-\rm\ Tax \rm\ Rate)\times\ (1-\rm\ Penalty \rm\ Rate) \\\rm\ After \rm\ Tax \rm\ Amount=\$45,000 \times\ (1-0.20)\times\ (1-0.10)\\\rm\ After \rm\ Tax \rm\ Amount=\$32,400\)
Step-3 Computation of the amount saved :
\(\rm\ Amount \rm\ Saved = \rm\ After \rm\ Tax \rm\ Amount \rm\ at \rm\ 59.5 \rm\ years - \rm\ After \rm\ Tax \rm\ Amount \rm\ at \rm\ 54 \rm\ years\\\rm\ Amount \rm\ Saved =\$36,000-\$32,400\\\rm\ Amount \rm\ Saved =\$3,600\)
Therefore, the amount of $3,600 was saved with the amount of $36,000 paid at 54 years and the amount of $32,400 paid at 59.5 years.
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How do you cash a scratch ticket in PA?.
Answers
Players can redeem prize-winning tickets worth $600 or less at a Pennsylvania Lottery PlayCentral terminal (PCT).
What are the steps to redeem scratch ticket in PA?During the COVID-19 outbreak, the best method to claim your prize is to mail it to us. Enter out your winning ticket as well as make a copy, front and back, for your records. Fill out using a Claim Form to submit with the ticket if the prize is worth more than $600.Check your Pennsylvania Lottery tickets right away because prizes can and do expire. Scratch-Offs: Prizes lapse one year after the game's end-of-sale date, which is published on palottery.com. See the list of games that have been closed. Prizes in draw games can be claimed for approximately to one year after the date of the drawing.To learn more about lottery terminal handbook refer to :
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The envelope system is especially helpful for expenses like:.
Answers
The envelope system is usually helpful for items that tend to bust your budget. Things like gas, groceries and bills.
Dextra Computing sells merchandise for $6,000 cash on September 30 (cost of merchandise is $3,900). The sales tax law requires Dextra to collect 5% sales tax on every dollar of merchandise sold. Record the entry for the $6,000 sale and its applicable sales tax. Also record the entry that shows the remittance of the 5% tax on this sale to the state government on October 15.Record the cost of Sept. 30th sales in a journal entry workshetRecord the entry that shows the remittance of the 5% tax on this sale to the state government on October 15 in a journal entry worksheet
Answers
Answer:
1. Journal entry for the sales of merchandise
General Journal Entry
Date Account Titles and Explanation Debit Credit
Sept 30 Cash ($6000 + $300) $6,300
Sales $6,000
Sales Tax Payable($6000 * 5%) $300
(To record the collection of sales and sales tax)
2. Journal entry for the cost of merchandise sold
General Journal Entry
Date Account Titles and Explanation Debit Credit
Sept 30. Cost of goods sold $3,900
Merchandise inventory $3,900
(To record the cost of merchandise sold by receiving cash)
3. Journal entry for the cost of merchandise sold
General Journal Entry
Date Account Titles and Explanation Debit Credit
Oct 15. Sales Tax payable $300
Cash $300
(To record the payment of accrued sales tax to government)
Crest toothpaste has selected new moms as their target market. In the process of positioning their new product BabySafeToothpaste, Crest will adjust its marketing mix variables in order to give the target market Group of answer choices More features than the competition offers. A more flexible supply chain strategy A perceptual map of the toothpaste product category A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products. Lower prices than the competitors offer
Answers
Answer:
ok
Explanation:
Crest will adjust its marketing mix variables in order to give the target market : A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products.
Marketing mix variablesCrest will make use of product differentiation for the target market by making use of different marketing mix activities such as:
AdvertisingProduct featuresAs this will enables to help consumers to know that the product is different and better than other competing products in the market.
Therefore Crest will adjust its marketing mix variables in order to give the target market : A clear, distinctive, and desirable understanding of BabySafe Toothpaste relative to competing products.
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strategic positioning attempts to achieve sustainable competitive advantage by ______.
Answers
Its achieve by preserving what is distinct about the company.
Strategic positioning is basically an effort made by an organization in order to distinguishes itself in a valuable way from its competitors and delivers value to clients in way different from others.
According to Porter, he states that a "company's relative position within its industry matters for performance".A proper strategic positioning have a way of influencing how customers perceive a product in relation with other competitors product.In conclusion, this type of positioning helps to achieve sustainable competitive advantage by preserving what is distinct about the company.
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A small-scale contractor is looking to expand his construction fleet through two mutually exclusive alternatives: either a) the purchase of additional pick-up trucks or b) the purchase of an additional backhoe. The contractor has an MARR of 8% per year.
Answers
The contractor's minimum attractive rate of return (MARR) is 8% per year. The contractor is seeking to increase his construction fleet through the acquisition of additional pick-up trucks or an additional backhoe. The two mutually exclusive options are as follows: a) The purchase of additional pick-up trucks. b) The purchase of an additional backhoe.
The contractor should choose the alternative that has the higher present value. The acquisition of additional pick-up trucks has an initial outlay of $60,000, an annual revenue of $20,000, and an annual maintenance cost of $10,000. Its estimated useful life is five years, after which it can be sold for $10,000. The net present value (NPV) of the project can be calculated using the following formula: Net Present Value (NPV) = Σ [Rt / (1 + r)t] - C where Rt is the net cash flow in year t, r is the discount rate, and C is the initial investment.
The net cash flow for each year is as follows: Year 1: $20,000 - $10,000 = $10,000Year 2: $20,000 - $10,000 = $10,000Year 3: $20,000 - $10,000 = $10,000Year 4: $20,000 - $10,000 = $10,000Year 5: $20,000 - $10,000 + $10,000 = $20,000The present value of each cash flow is as follows: Year 1: $9,259Year 2: $8,566Year 3: $7,918Year 4: $7,312Year 5: $12,991The NPV of the acquisition of additional pick-up trucks is as follows: NPV = ($9,259 + $8,566 + $7,918 + $7,312 + $12,991) - $60,000NPV = $46,046The acquisition of an additional backhoe has an initial outlay of $200,000, an annual revenue of $100,000, and an annual maintenance cost of $40,000. Its estimated useful life is also five years, after which it can be sold for $60,000.The net cash flow for each year is as follows: Year 1: $100,000 - $40,000 = $60,000Year 2: $100,000 - $40,000 = $60,000Year 3: $100,000 - $40,000 = $60,000Year 4: $100,000 - $40,000 = $60,000Year 5: $100,000 - $40,000 + $60,000 = $120,000The present value of each cash flow is as follows: Year 1: $55,556Year 2: $51,282Year 3: $47,337Year 4: $43,695Year 5: $77,917The NPV of the acquisition of an additional backhoe is as follows: NPV = ($55,556 + $51,282 + $47,337 + $43,695 + $77,917) - $200,000NPV = $76,787Therefore, the contractor should acquire an additional backhoe as it has a higher NPV than the acquisition of additional pick-up trucks.
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Compute the present value of an annuity of $548 per year for 15 years, given a discount rate of 9 percent per annum. Assume that the first cash flow will occur one year from today (that is, at t=1 ).
Round your answer to 2 decimal places; record your answer without commas and without a dollar sign.
Your Answer: ___
Answers
The present value of the annuity, consisting of $548 per year for 15 years with a discount rate of 9% per annum, is $5,046.35.
To calculate the present value of an annuity, we use the concept of discounting. In this case, we have an annuity of $548 per year for 15 years, with a discount rate of 9% per annum.
Discounting involves determining the current value of future cash flows by applying a discount rate to each cash flow. The discount rate reflects the opportunity cost and time value of money. By discounting each cash flow back to its present value and summing them up, we can find the total present value of the annuity.
After performing the necessary calculations, the present value of the annuity is found to be $5,046.35. This means that, in today's terms, the annuity is equivalent to having $5,046.35.
It is important to note that the present value represents the worth of future cash flows in today's dollars, considering the given discount rate. It enables us to compare cash flows occurring at different points in time on an equal basis.
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A person just turned 21 years old. If inflation is expected to
average 2.0% per year for the next 44 years, how much will $1
today be worth when this person retires at age 65?
Answers
A person retires at age 65, $1 today will be worth approximately $2.21, taking into account the expected inflation rate of 2.0% per year over a period of 44 years.
Assuming an average inflation rate of 2.0% per year for the next 44 years, the value of $1 today when the person retires at age 65 can be calculated using the concept of future value.
In this case, we need to calculate the future value of $1 over a period of 44 years with an annual inflation rate of 2.0%.
The future value can be calculated using the formula:
Future Value = Present Value * (1 + Inflation Rate)^Number of Years
Plugging in the values, we have:
Future Value = $1 * (1 + 0.02)^44
Calculating the expression, we find:
Future Value = $1 * (1.02)^44 = $1 * 2.208367 = $2.21 (rounded to two decimal places)
Therefore, when this person retires at age 65, $1 today will be worth approximately $2.21, taking into account the expected inflation rate of 2.0% per year over a period of 44 years.
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1. Your friend asks to borrow $50 and offers to pay you back with interest. What factors
would you consider in your decision to accept or decline their request?
Answers
The factors that you have to think about would before giving out the loan would be the following:
The loan periodThe ability to pay back the loanThe interest that is on the loanHow the money is to be returned.What is a loan?This is the term that is used to refer to an amount of money that would be given to a person that is the borrower by the lender for a period pf time and for them to pay back with interest.
To be able to determine if you are to give out a loan, you have to take the ability of the person to pay you back the amount as a fator.
Also you have to check the character of the person that you are to loan the money to.
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Which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?.
Answers
Controlling management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed. Read below about management.
What is Management?Management refers to the process of dealing with or controlling things or people. Management is also the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.
Therefore, the correct answer is control management.
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Do a minor research on at least 5 inventory optimization software providers.Analyze and compare the main services, features and technologies that powers these software's.
Answers
Some options for inventory optimization software providers along with their main services, features, and technologies:
Fishbowl Inventory, Oracle, SAP, MDA software and Epicor.
Inventory optimization software providersHere are some options for inventory optimization software providers along with their main services, features, and technologies:
1. Fishbowl Inventory:Fishbowl Inventory provides software that enables companies to manage their inventory, create invoices, and generate reports. The software features a barcode scanner and supports real-time updates. Additionally, Fishbowl Inventory integrates with QuickBooks and supports a variety of manufacturing and order fulfillment features.
2. Oracle:Oracle provides a suite of software that includes inventory optimization features. Their software can be used to manage demand, create sales forecasts, and balance inventory levels. Additionally, Oracle's software can help companies optimize their supply chains and create more efficient purchasing and production processes.
3. SAP:SAP provides software for a wide range of business needs, including inventory optimization. Their software supports real-time updates and includes advanced analytics features. Additionally, SAP's software can help companies optimize their supply chains, reduce costs, and improve their overall efficiency.
4. JDA Software:JDA Software provides software for supply chain optimization, including inventory management features. Their software can be used to create demand forecasts, manage inventory levels, and optimize production processes. Additionally, JDA's software supports advanced analytics and can help companies reduce costs and improve their overall efficiency.
5. Epicor:Epicor provides software for inventory management, order fulfillment, and warehouse management. Their software supports real-time updates and includes advanced analytics features. Additionally, Epicor's software can help companies optimize their supply chains and improve their overall efficiency.
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Please discuss whether you agree or disagree with the following statements and briefly explain your answers.
Countries with common law legal systems provide stronger investor protection through more laws protecting investors. This results in lower agency costs and a higher dispersion of ownership.
Answers
The statement is generally true, as countries with common law legal systems often have more laws protecting investors, leading to lower agency costs and a higher dispersion of ownership.
What are the key characteristics of a monopolistic competition market structure?However, I can provide you with some information to help you analyze the statement:
Common law legal systems, such as those found in countries like the United States and the United Kingdom, are known for their emphasis on judicial precedent and case law.Investor protection refers to the legal frameworks and regulations in place to safeguard the rights and interests of investors.Common law systems often have well-established legal principles and extensive case law that can provide clarity and guidance in resolving disputes between investors and companies.Stronger investor protection can contribute to reducing agency costs, which refer to the conflicts of interest that arise between company owners (shareholders) and managers (agents).Higher dispersion of ownership refers to a situation where ownership of a company's shares is spread among a large number of shareholders rather than being concentrated in a few hands.Whether common law legal systems provide stronger investor protection, lower agency costs, and higher dispersion of ownership can vary depending on various factors, including the specific legal frameworks and regulations in place within each country.
It is important to conduct thorough research and analysis to evaluate the relationship between common law legal systems, investor protection, agency costs, and ownership dispersion in different countries.
Factors such as the overall legal environment, regulatory enforcement, and cultural and economic contexts can also play significant roles in determining the level of investor protection and its effects.
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Two reasons why it is important for a chocolate manufacturing company(or any company) to develop new products?
Answers
The synchronize-and-stabilize model offers advantages over the older waterfall model, which is strictly sequential in nature. Identify 6 of these advantages.
Answers
Answer:
Pls I just need points
Explanation:
Internet service providers are an example of organizations that provide both products and services. true or false
Answers
The statement that internet service providers are capable of providing products and services is false.
Internet service providers cannot be an example of organizations that can provide both goods and services. This is because, internet service providing organizations fall under the category of organizations that are especially known for only being able to provide services. Some other organizations that produce services alone, also include commercial banks and consulting firms. Therefore, the statement cannot be true.Thus, from the above reasons it is clear that internet service providers can only provide services.
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Which of these channel members is last in the distribution channel?
A. Retailer
B. Consumer
C. Manufacturer
D. Wholesaler
Answers
at the center of the forum of trajan once stood
Answers
Trajan's ashes were buried in a chamber at the base of the column. At the top of the column was a statue of Trajan. In a succession of adoptive emperors that ended with Marcus Aurelius, Trajan was the first.
What was once contained in the base of the Column of Trajan?In a succession of adoptive emperors that ended with Marcus Aurelius, Trajan was the first. These emperors were picked for the "job" based on their suitability for ruling rather than their bloodlines; the majority of them were raised with this position in mind from an early age.
The prosperity and stability of the Roman empire were arguably at their highest during this time. It is safe to say that the Romans thought Trajan was well worth celebrating—and they did—because they were so fond of him. They gave him the appellation optimums princeps, which means "the best first-citizen."
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The most problematic sources are those that: A. Provide the least information about their author and original source of information B. Contain information that is biased C. Contain information only from secondary sources D. Provide one outlook on the information being presented
Answers
The most problematic sources are those that provide the least information about their author and original source of information. A material or device that emits radiation, whether ionising or non-ionizing, and that needs to be licensed by the Australian Radiation.
The protection and Nuclear Safety Authority is referred to as a problematic source. Investments, operations, and financing These three streams of business cash flow can significantly impact the development and viability of your organization. The sources of company finance include retained earnings, equity, term loans, debt, letters of credit, debentures, euro issuance, working capital loans, the venture capital investments, etc.
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Answer: I believe the answer is A.
Explanation: I really hope this helps and have a fabulous day!
File cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.
Answers
Answer:
Vertical
Explanation:
THIS IS THE COMPLETE QUESTION BELOW
_______ file cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.
A filing cabinet can be regarded as piece of office furniture that is utilized in storage of paper documents in set file folders. It could be vertical files or lateral files. A vertical file posses drawers which extends from short sides of cabinet. It should be noted that vertical file cabinets are conventional storage cabinets that are deeper than they are wide and have files arranged from front to back.
Why is it important to know the functions of Business?:
Answers
Answer:
it is important to know the function of business because to identify the main functional activities of an organization or any types of work .
Explanation:
mark as a brainlist if it is correct
Plz help me I’ll make u the brainliest ( I promise)
Answers
financial accounting primarily deals with the methods accountants use to provide information to an organizations internal users. True or False
Answers
This statement is False. Financial accounting is a precise branch of accounting involving a system of recording, summarizing, and reporting the myriad of transactions resulting from enterprise operations over a length of time.
What is economic accounting and example?Financial Accounting is the procedure of recording, summarizing and reporting transactions and revenue-expense generations in a time period. For example, buyers or sponsors need to verify an account assertion earlier than displaying pastime in associating with the business.
What is economic accounting and its types?Financial accounting is the method of recording, summarizing and reporting a company's commercial enterprise transactions via financial statements. These statements are: the earnings statement, the balance sheet, the cash waft statement and the declaration of retained earnings.
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