Gillette budgeted $200 million in advertising to introduce the Fusion razor to male shavers. Large expenditures like this are often made to stimulate ________ when there are few competitors with the same product
Answers
Gillette budgeted $200 million in advertising to introduce the Fusion razor to male shavers. Large expenditures like this are often made to stimulate demand when there are few competitors with the same product.
Large expenditures on advertising, such as the $200 million budget allocated by Gillette to introduce the Fusion razor, are typically made to stimulate demand or create awareness of a new product when there are few competitors with the same product.
This is especially true when introducing a new product into a market with established players, where it can be challenging to gain consumer attention and market share.
By investing heavily in advertising, Gillette can raise awareness of the Fusion razor and create a perception of its superiority over other razors.
They can also create an emotional connection with their target audience, emphasizing the benefits of using the Fusion razor, such as a close, comfortable shave.
Furthermore, by using a large budget for advertising, Gillette can increase their market share by reducing the chances of potential competitors entering the market.
Competitors may be discouraged from entering the market due to the significant advertising costs required to promote their own product.
Overall, advertising plays a critical role in the introduction of new products, particularly when there are few competitors in the market.
By investing in advertising, companies can create demand, gain market share, and establish themselves as a dominant player in their respective industries.
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Related Questions
When preparing a business message, you should make your writing audience oriented. Audience oriented means a. attempting to get your audience to believe and accept your message. b. writing to solve a problem or convey information. c. presenting ideas clearly but concisely. d. concentrating on looking at the message from the receiver's perspective.
Answers
Answer:
D. Concentrating on looking at the message from the receiver's perspective.
Explanation:
When writing a business message, it is important to ensure that the perspective of the receiver is considered. There are two sides to a message; the speaker and the receiver. By making a business writtings audience oriented, it means that thoughts of the receiver or audience is considered alongside the message.
Although other skills such as; present ideal clearly but concise, attempt to get your audience to believe and accept your message, write to solve a problem or convey information are essential qualities of business writtings, yet do not point to audience oriented message.
Which area is particularly challenging when recruiting workers for small businesses?.
Answers
The area that is particularly challenging when recruiting workers for small businesses is compensation.
What is compensation?It should be noted that compensation simply means how much they workers will be paid as how to motivate them.
In this case, the area that is particularly challenging when recruiting workers for small businesses is compensation.
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. making assumptions to fill in information gaps can be a dangerous practice. how can such problems be prevented?
Answers
Making assumptions to fill in information gaps can indeed be a dangerous practice. This is because assumptions are not based on concrete evidence, but rather on our own biases and perceptions.
As a result, they can lead to incorrect conclusions, misunderstandings, and even harm to ourselves or others. To prevent such problems, there are a few strategies that we can use. Firstly, it is important to acknowledge that we do not always have all the information we need to make an informed decision or judgment. We need to recognize the gaps in our knowledge and actively seek out additional information before jumping to conclusions. Secondly, we need to challenge our assumptions by asking ourselves questions such as: "What evidence do I have to support this assumption?", "Is there an alternative explanation for what I am observing?", and "What would happen if I acted on this assumption?" Finally, we need to be open to feedback from others and willing to revise our assumptions when new information becomes available. This requires us to be humble and open-minded and to recognize that our initial assumptions may not always be correct.
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why do banks receive financial assets when they make loans
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Answer: When banks make loans, they receive financial assets in the form of loan receivables. This is because a loan is a contractual agreement between the bank (lender) and the borrower, where the bank provides funds to the borrower with the expectation of repayment over a specified period of time
Explanation: There are a few reasons why banks receive financial assets when they make loans:
1. Interest Income: Banks earn interest income on the loans they provide. By making loans, banks generate a stream of future cash flows in the form of interest payments from the borrower. These interest payments represent a financial asset for the bank, as they are expected to receive the principal amount of the loan plus interest over the loan's term.
2. Asset Creation: When a bank makes a loan, it creates an asset on its balance sheet in the form of the loan receivable. This loan receivable represents the bank's claim on the borrower for the repayment of the principal and interest. It is recorded as an asset because it has future economic value and the bank has the right to receive cash flows associated with the loan.
3. Profit Generation: Banks are in the business of lending money and generating profits. By making loans and earning interest income, banks can generate revenue and increase their profitability. Loans are an essential part of a bank's business model, and the financial assets they receive in the form of loan receivables contribute to their overall profitability.
It's important to note that while banks receive financial assets when they make loans, there are also risks associated with lending. Banks need to carefully assess the creditworthiness of borrowers, manage credit risk, and consider factors such as interest rate risk and liquidity risk in their lending activities. Proper risk management practices are crucial for banks to mitigate potential losses and ensure the stability of their financial positions.
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Blue Corp. purchased a machine on July 1, 2020, for $30,920. Blue paid $220 in title fees and a legal fee of $175 related to the machine. In addition, Blue paid $610 in shipping charges for delivery, and $475 to a local contractor to build and wire a platform for the machine on the plant floor. The machine has an estimated useful life of 10 years, a total expected life of 12 years, a residual value of $5,900, and no salvage value. Blue uses straight-line depreciation.
Calculate the 2020 depreciation expense if Blue prepares financial statements in accordance with IFRS.
Depreciation expense
$enter the Depreciation expense in dollars
Calculate the 2020 depreciation expense if Blue prepares financial statements in accordance with ASPE.
Depreciation expense $enter the Depreciation expense in dollars
Answers
International Financial Reporting Standards (IFRS) are the accounting principles and rules used to prepare financial statements. The amount of depreciation expense for 2020, if Blue prepares financial statements in accordance with IFRS,
Cost of the machine = $30,920Title fees = $220Legal fees = $175Shipping charges = $610Platform building and wiring cost = $475Total cost = $32,400 Residual value = $5,900Useful life = 10 years Total expected life = 12 years Straight-line depreciation expense for 1 year = (Cost - Residual value) ÷ Useful life = ($32,400 - $5,900) ÷ 10 years = $2,350Thus, the 2020 depreciation expense will be the proportion of 6 months of the first-year straight-line depreciation.
The amount of depreciation expense for 2020, if Blue prepares financial statements in accordance with ASPE, will be determined in the following manner:Cost of the machine = $30,920Title fees = $220Legal fees = $175Shipping charges = $610Platform building and wiring cost = $475Total cost = $32,400Residual value = $5,900Useful life = 10 years Total expected life = 12 years Straight-line depreciation expense for 1 year = (Cost - Residual value) ÷ Useful life = ($32,400 - $5,900) ÷ 10 years = $2,350
The 2020 depreciation expense will be the proportion of 6 months of the first-year straight-line depreciation. This can be calculated as follows:$2,350 × (6 months ÷ 12 months) = $1,175Therefore, the 2020 depreciation expense if Blue prepares financial statements in accordance with ASPE is $1,175.
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Select the correct answer.
Which marketing strategy is the most effective in the modern era?
O A. relationship marketing
OB. marketing mix
Oc relationship marketing combined with the marketing mix
OD. considering the short-term interests of society
O E.
customer service
Answers
Answer:
Customer Service
Explanation:
what are the two general areas of specialization in accounting?
Answers
Answer:
Financial Accounting. Financial accounting is an area of accounting that deals with the recording, classifying, reporting and interpreting of a business financial performance and economic conditions to interested users ...
Managerial Accounting. Managerial Accounting is an area of accounting that deals with accumulation of financial information and preparation of reports for internal users only, like the company’s management or ...
Cost Accounting. Cost Accounting is an area of accounting that captures and accumulates manufacturing or production costs for internal use of an entity’s management, used in decision making purpose.
Explanation:
One benefit of repeating the self improvement process is that you can ______.
a.
Pay lower fees to plan and maintain the new goal
b.
See everything with fresh eyes
c.
Use skills and information from previous goals
d.
Reduce the time spent improving at work
Please select the best answer from the choices provided
A
B
C
D
Answers
One benefit of repeating the self improvement process is that you can Use skills and information from previous goals. They can endeavour to the strengthen their areas of weakness and become better people.
Repetition of the self-improvement process improves previously acquired skills. They can employ those abilities to accomplish their present objectives. The person's abilities benefit improve as a result of their increased self-awareness. Personal qualities are acknowledged as soft talents that are challenging to teach (although not impossible). They are also referred to as "people skills" or interpersonal skills. Dependability, flexibility, drive, problem-solving, and analytical abilities are a few examples.
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Jonathan needs insurance for his new vehicle. Why are insurers most likely to look at his credit history? (5 points)
Credit may be related to car loan requests.
Credit may be related to a degree of responsibility.
Credit may be related to good or bad health habits.
Credit may be related to a driver's license.
Answers
Insurers are most likely to look at his credit history because credit may be related to a degree of responsibility.
What does your credit score say about your driving habits?
Insurers look at credit scores as a measure of a driver's responsibility. The indication is that those with high credit scores manage their money well and are more likely to behave more responsibly behind the wheel.
What is credit history?Credit history is a record of how you've managed the repayment of debts, such as credit cards and loans. Your credit history is recorded in your credit reports, which also contain additional information about your finances.
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When would you include an executive summary in a report?
Answers
Answer: Is B. When the report is 30 Pages long
Explanation: because I know
Emergency funds are calculated based on: A.) Retirement Planning B.) Monthly Expenses C.) Monthly Income D.) Investing for College
Answers
Answer:
B
Explanation:
Answer:
B
Explanation:
As vice president for sales and marketing, Carole conducts a survey asking customers their impressions of the product offering, the quality of the product, and their level of customer satisfaction. Carole can use the survey results to:
Answers
Answer:
Explanation:
Carole can use the information gathered by the survey in order to see what the potential customers are thinking about the product. This will allow Carole to decide whether or not changes need to be made to the product in order to increase the overall positive feedback and at the same time increase sales for that product. The more potential customers feel positively towards the product the more individuals will actually purchase it.
8.0% complete question holly's salary is $80,000 per year. she contributes 10% of her salary to her 401(k) plan. her employer contributes 5% of her salary to a profit share plan. she also contributes $2,500 per year to an ira. holly's savings ratio is?
Answers
Holly's savings ratio is 18.1%. This means that she saves almost one-fifth of her annual salary towards retirement. This is a great savings rate, as experts often recommend saving at least 15% of your income for retirement.
First, we can find out how much Holly contributes to her 401(k) plan by multiplying her salary by 10%:
$80,000 x 0.10 = $8,000
So Holly contributes $8,000 to her 401(k) plan each year.
Next, we can find out how much her employer contributes to the profit share plan by multiplying her salary by 5%:
$80,000 x 0.05 = $4,000
So Holly's employer contributes $4,000 to the profit share plan each year.
Lastly, we know that Holly contributes $2,500 per year to an IRA.
Adding up all of her contributions:
$8,000 + $4,000 + $2,500 = $14,500
Now, we can divide Holly's total contributions by her annual salary:
$14,500 / $80,000 = 0.18125 or 18.1%
Holly is well on her way to a secure financial future.
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business math 1. you've been told that a potential investor wants at least 22% of the business plan to focus on market analysis. if your business plan is 18 pages, how many pages should be devoted to market analysis
Answers
Market analysis is an essential component of any business plan. This section needs to demonstrate your knowledge of your specific market as well as the market's financial attractiveness.
Potential investor = 22%
Business plan = 18
Market analysis = 18 x 22/100
= 3.96
A market analysis evaluates a market both quantitatively and qualitatively. It examines the market's size in terms of both volume and value, the different consumer segments and purchasing patterns, the level of competition, and the overall business climate in terms of entry barriers and regulations.
Depending on the kind of company you are marketing to investors, your strategy for determining the market's size will vary. If your company plan is for a small store or restaurant, you must adopt a local strategy and attempt to evaluate the market in the area. If you are preparing a business plan for a chain of restaurants, you must analyse the market on a national scale.
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.Concerning the covering of exchange market risks--assuming that a depreciation of the domestic currency is anticipated, one can say that there is an incentive for:
a. Exporters to rush to cover their future needs
b. Importers to rush to cover their future needs
c. Both exporters and importers to rush to cover their future needs
d. Neither exporters nor importers to rush to cover their future needs
Answers
Concerning the covering of exchange market risks and assuming that a depreciation of the domestic currency is anticipated, one can say that there is an incentive for: importers to rush to cover their future needs. The correct option is b.
This is because a depreciation of the domestic currency would make imported goods more expensive. By covering their future needs before the depreciation occurs, importers can lock in a more favorable exchange rate and minimize the potential increase in costs associated with the weaker domestic currency.
On the other hand, exporters may not feel the same urgency, as a depreciation of the domestic currency would make their products more competitive in international markets, potentially increasing their sales and revenue. The correct option is b.
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according to the aicpa code of professional conduct, what would a covered member most appropriately do upon learning that another member of an attest engagement team is considering employment with the client?
Answers
According to the AICPA code of professional conduct, the covered member should notify an appropriate person in the firm upon learning that another member of an attest engagement team is considering employment with the client.
What is AICPA code of professional conduct?
The American Institute of Certified Public Accountants published the AICPA Code of Professional Conduct, which is a set of codified statements outlining a CPA's ethical and professional obligations. The code outlines requirements for auditor independence, objectivity, and integrity as well as obligations to customers and coworkers and behaviors that are detrimental to the accounting profession. The code must be written, revised, and reissued by the AICPA every year on June 1. In his speech to the American Association of Public Accountants' annual meeting in 1907, Joseph Edmund Sterrett discussed the controversy and problems surrounding the creation of a code of professional conduct.
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Which of the following techniques helps a company learn more about its target market?
1. Market research
2. Publicity
3. Personal selling
4. Market segmentation
Answers
Answer:
Market research
Explanation:
when assessing marketable securities as collateral, what should lenders generally avoid? a. consignment sales b. obsolete goods c. fixtures and leasehold improvements d. restricted or controlled stock
Answers
Lenders should normally stay away from restricted or controlled shares when evaluating marketable securities as collateral.
Which of the following risks are present when utilizing securities as collateral for securities lending?The major risks are that either the borrower goes bankrupt or that the value of the offered collateral decreases below what it would cost to replace the securities that have been borrowed. The lender would incur a loss of money equal to the difference between the two if both of these happened.
The fair market value of the assets used to secure a loan is referred to as collateral value. The most common method for determining collateral value is to examine recent sales prices of comparable assets or to have the asset assessed by a certified professional.
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how can person identify whether a company is private company or public company
Answers
Answer:
The overview of that same problem is defined throughout the explanation segment below.
Explanation:
My understanding would be that privately owned businesses will happily inform anyone who queries. Publicly traded companies are identified by the mark as well as the worker's everyone seems to be testing their price of the stock-to decide according to one's interest in share capital.But things are going to change, the FED had already lost together with all remaining remains of knowledge that convince one where the worth of someone's inventory since they have lost Market Exploration.
Advertising on a website is considered mainly what type of advertising media.
Answers
Answer:
Social media advertising
Explanation:
Types of advertising:
Paid search advertising.
Social media advertising.
Native advertising.
Display advertising.
Print advertising.
Broadcast advertising.
Outdoor advertising.
A company purchased a new truck at a cost of $42,000 on June 1, 2019. The truck is estimated to have a useful life of 7 years. The company uses the straight-line method of depreciation. So, the annual depreciation expense is $6,000. How much depreciation expense will be recorded for the truck during the first year ended December 31? Select one: a. $6,000. B. $45,000. C. $3,500. D. $3,000.
Answers
Answer:
C. $3,500
Explanation:
The formula for a straight-line method of depreciation is provided below:
annual depreciation charge=(cost-salvage value)/useful life
cost of the new truck=$42,000
salvage value=$0
useful life=7 years
depreciation=($42,000-$0)/7=$6,000( same as given in the question)
The truck was used for 7 months in the first year ended, from June 1 2019 to December 31 2019
Depreciation for the first year=$6000*7/12=$3,500
Bank Teller:
You have worked as a bank teller for several months when one of the other tellers
who has become a good friend tells you that her daughter is extremely ill and that
se must have an operation to survive. She also tells you that she has no insurance
and the operation will cost $10,000. Sometime later you ask her about her
daughter and she tells you she is just fine now. She then confides in you that she
took $10,000.00 from a dormant account at the bank to pay for the operation
She assures you that she has already started paying it back and will continue to do
so until it is all returned.
What do you do?
1. Clearly state the problem/dilemma in this case
2. Identify the stakeholders in this case
3. Develop 3 different alternatives, and evaluate each with pros and cons
4. Recommend which alternative you would choose and why.
Answers
Rather than taking $10,000.00 from a dormant account to carry out the operation, she could have solicited funds elsewhere.
1. This is an ethical problem. In this case, the bank teller is wrong for taking $10,000.00 from the dormant account to carry out the operation. This is wrong and she could be sent to jail because this is fraudulent.
2. The stakeholders, in this case, are the bank, and the owner of the account.
3. The alternatives that the bank teller could have done include:
Borrowing from friendsTaking a loan.Soliciting for help online or from non-profit organizations.4. I'll choose "Soliciting for help online or from non-profit organizations" since it'll be free and I won't have to pay the loan back.
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Explique la teoría del valor y de un ejemplo con algún bien o servicio de su uso cotidiano. (colombia)
Answers
Answer:
En economía, se habla de teorías del valor para indicar el conjunto de concepciones sobre la génesis y determinación del valor, como propiedad de las mercancías distinta del costo y lógicamente antecedente al precio, que constituye su manifestación fenomenal en esta perspectiva.
La economía política siempre ha tratado de responder a la pregunta: ¿de dónde viene el valor? Las respuestas fueron muy divergentes. Van desde la escasez de bienes disponibles, a su utilidad, a la necesidad de remunerar los factores productivos, incluido el capital y considerando su remuneración; - el beneficio - como recompensa por la abstinencia del capitalista, que puede permitirse renunciar al consumo para utilizar la propia riqueza de forma productiva, etc.
Superior Micro Products uses the weighted-average method in its process costing system. Data for the Assembly Department for May appear below:
Materials Labor Overhead
Work in process, May 1 $ 27,100 $ 44,154 $ 215,019
Cost added during May $ 164,605 $ 29,436 $ 143,346
Equivalent units of production 2,300 2,200 2,100
Required:
1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)
2. Compute the total cost per equivalent whole unit. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.)
Answers
The cost per equivalent unit for materials ($74.43), for labor ($41.98), and for overhead ($107.20). the total cost per equivalent whole unit is $223.61
1. Compute the cost per equivalent unit for materials, for labor, and for overhead. (Round your answers to 2 decimal places.)
Materials:
Cost per equivalent unit = (Work in process, May 1 + Cost added during May) / Equivalent units of production
= ($27,100 + $164,605) / 2,300 = $74.43
Labor:
Cost per equivalent unit = (Work in process, May 1 + Cost added during May) / Equivalent units of production
= ($44,154 + $29,436) / 2,200 = $41.98
Overhead:
Cost per equivalent unit = (Work in process, May 1 + Cost added during May) / Equivalent units of production
= ($215,019 + $143,346) / 2,100 = $107.20
2. Compute the total cost per equivalent whole unit. (Round your intermediate calculations to 2 decimal places. Round your final answer to 2 decimal places.)
Total Cost per equivalent unit = Cost per equivalent unit for Materials + Cost per equivalent unit for Labor + Cost per equivalent unit for Overhead
= $74.43 + $41.98 + $107.20 = $223.61
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this form will be sent to Lily by the end of January. She will use this form to...
Answers
Answer:
\(\large\colorbox{white}{File her income taxes}\)
Explanation:
\(\large\colorbox{orange}{ɪ ʜᴏᴘᴇ ɪᴛ ʜᴇʟᴘs}\)
\(\large\colorbox{lime}{Xxᴊᴀsʜ13xX}\)
Which of these terms means "paying to communicate with potential clients about your company"? A. Customer support. B. Marketing. C. Advertising. D. Community outreach.
Answers
Marketing means "paying to communicate with potential clients about your company." The correct answer is option B.
Marketing is the action of selling a product or service. Marketing refers to all of the activities that a company does to increase customer demand for a product or service. This includes advertising, selling, and promoting. Businesses must constantly advertise their products to increase sales, attract new customers, and increase brand awareness. In a nutshell, marketing entails promoting a product or service to consumers.
Marketing is a significant aspect of any business because it helps in expanding the customer base and increasing profits. A company's success depends on how well they can market their products or services. To be effective, marketing must be well-targeted, relevant, and appealing to the target market. A company that markets its goods and services well has a better chance of gaining loyal customers and expanding its reach.
Marketing can take many forms, including advertising, direct marketing, public relations, and online marketing. Marketing activities must be aligned with a company's overall marketing strategy. A well-planned and executed marketing strategy can help businesses achieve their goals.
A strategy will assist you in identifying your target market and how best to communicate with them. In short, marketing is a set of strategies aimed at promoting products or services to consumers through various channels such as advertising, sales promotion, public relations, and direct marketing. Marketing is an essential part of any business, and it helps businesses reach new heights.
Hence, option B is the right choice.
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deals with the challenges that a company
faces in the ever-changing business
environment
Answers
Answer:
Strategy.
Explanation:
Strategy can be defined as a coordinated deployment of a firm’s resources to achieve competitive advantage in the industry where it operates. Basically, it is a long-term plan of action that is focused on using a firm's available resources to achieve set objectives and goals such as includes dominating the market, expanding the business, meeting customer's demands etc.
Generally, the top executive management is saddled with the responsibility of ensuring that their business strategy is in tandem with the aim, objectives, vision and mission statement. A good business strategy is a continuous process that should function as a roadmap or guide to achieve competitive advantage, sustained profitability, growth and development of an organization.
Hence, strategy deals with the challenges that a company faces in the ever-changing business environment.
Additionally, the strategy formulated by an organization can be classified into the following categories; growth strategy, marketing strategy, product strategy etc.
Question 1 of 10
Which of the following best describes what a manager does?
Answers
Answer:
Explanation:
Manager is responsible to integrates all the activities which are performed in an organisation. In other words, he has to co-ordinate the talents of people working under him for the purpose of achieving the organisational goals. The role of a manager gets much importance than other executives in an organisation.
What are the advantages of shifting inventory ownership to the suppliers? (Hint: Follow Case on inventory management) Enter your answer
Answers
Shifting inventory ownership to the supplier has several advantages for the retailer. It helps in reducing content loaded, reduces expenses, improves cash flow, and improves inventory control. Therefore, shifting inventory ownership to the supplier is an effective strategy for retailers to manage their inventory.
Advantages of shifting inventory ownership to the suppliers are:
Reduces content loaded: Shifting inventory ownership to the suppliers reduces the content loaded by the retailer. The reduction in content loaded happens because the inventory ownership has been shifted to the supplier, and they have to manage it. This way, the retailer can focus on their primary function, which is selling the products and providing services to customers.
Reduces expenses: Shifting inventory ownership to the supplier reduces the expenses of the retailer. The cost reduction occurs because the supplier is now responsible for storing, managing and maintaining the inventory. This saves the retailer the cost of renting or owning a warehouse and hiring employees to manage the inventory. Improves cash flow: Shifting inventory ownership to the suppliers improves the cash flow of the retailer.
The supplier is responsible for maintaining and managing the inventory, which reduces the amount of capital required by the retailer to invest in inventory. Therefore, the retailer can utilize the capital saved on inventory to invest in other functions of the business.
Improves inventory control: Shifting inventory ownership to the suppliers improves inventory control. The supplier is responsible for maintaining and managing the inventory. This means that the supplier has to maintain accurate records of the inventory, which ensures that the right products are available when needed. This helps the retailer in keeping track of inventory levels, and avoids the possibility of overstocking or understocking.
Conclusion: Shifting inventory ownership to the supplier has several advantages for the retailer. It helps in reducing content loaded, reduces expenses, improves cash flow, and improves inventory control. Therefore, shifting inventory ownership to the supplier is an effective strategy for retailers to manage their inventory.
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Select a topic and develop a curriculum targeted to 6th-grade students.
Provide an outline of the material and how it will be presented.
Defend your reasoning for the mode of delivery that was selected.
Submit a 450-word response about the topic, curriculum, material outline, and presentation method.
Answers
Explanation:
Provide an outline of the material and how it will be presented.
is the correct answer .
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