Which step in the marketing research process follows collecting data?
a) Reporting research results
b) Implementing organizational change
c) Interpreting research findings
d) Designing the research project
e) Refining the research issue

Answers

Answer 1

The step in the marketing research process that follows collecting data is interpreting research findings. After data has been collected, it needs to be analyzed and interpreted in order to draw meaningful insights and conclusions. This involves reviewing the data to identify patterns, trends, and relationships that may exist within it. Once these patterns have been identified, they can be used to inform decision-making and guide future marketing strategies.



Interpreting research findings is a critical step in the marketing research process, as it enables organizations to understand their target audience better, assess the effectiveness of their marketing efforts, and identify opportunities for growth and improvement. It also helps to ensure that organizations are making informed decisions based on objective data, rather than assumptions or guesses.

After interpreting research findings, the next step is typically to report research results to key stakeholders within the organization. This can involve creating a formal report or presentation that summarizes the research findings and provides recommendations for future action. Depending on the results, this may lead to implementing organizational change or refining the research issue for further investigation. However, it is crucial to interpret research findings thoroughly and accurately before taking any further action.

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Related Questions

Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?.

Answers

Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. One of the benefits of using a trading company is that it facilitates all marketing aspects of a transaction.

Trading companies and manufacturer companies have different functions and focus areas in the field of business. A manufacturer company focuses on the manufacture of a product and its selling in the local market. On the other hand, a trading company focuses on buying products from manufacturers and selling them in other countries.

A manufacturing company, like the one in which Stephanie works, is not very well familiar with the marketing aspects that would be required to promote and sell its products in the international market. Such companies use trading companies for international marketing as trading companies look after all the marketing aspects in the international market and can benefit the manufacturer.

Although a part of your question is missing, you might be referring to this question:

Stephanie works for a company that manufactures purses and is considering employing a trading company to reduce the risk of getting involved in international marketing. What is one of the benefits of using a trading company?

It negotiates with the government to get the best deals.

It handles all manufacturing services

It facilitates all marketing aspects of a transaction

It develops advertising campaigns for the advertising firm.

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Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Answers

Answer:Firms will face perfectly elastic demand curves only if their products are perfect substitutes for the products of other firms.

Explanation:

Answer:Why does the demand curve facing a monopolistically competitive firm slope downward in the long run, even after the entry of new firms?

Explanation:

The economic argument for legalizing drugs is morally bankrupt. is based on the assumption that demand is relatively price inelastic. shows that economists are all libertarians at heart. takes into consideration all the externalities associated with drug use. is really politically motivated.

Answers

The economic argument for legalizing drugs is a contentious issue, with proponents and opponents arguing from different perspectives. However, the argument that it is morally bankrupt is subjective and can be debated.

The argument that drug demand is relatively price inelastic suggests that even if prices rise, demand for drugs will not decrease significantly. This may be true for some drugs, but not all.

The argument that economists are all libertarians at heart is a sweeping generalization that is not necessarily accurate. Economists come from different political backgrounds and have varying views on drug legalization.

The argument that legalizing drugs takes into consideration all the externalities associated with drug use is debatable. While some externalities such as reduced crime rates and increased tax revenue may be positive, there are also negative externalities such as increased health costs and social costs associated with addiction.

Finally, the argument that drug legalization is politically motivated may be true in some cases. Politicians may advocate for drug legalization to gain popularity or to appease certain interest groups. However, it is important to look at the evidence and weigh the pros and cons before making a decision on drug legalization.

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HELPPP I NEED IT QUICK In the past, midwives were often people in the community who had experience and perhaps a little bit of training but were mainly __________.

Answers

In the past, midwives were often people in the community who had experience and perhaps a little bit of training but were mainly "self-taught" or learned through apprenticeships with other midwives.

How were Midwives taught?

The education and training of midwives have varied throughout history and across cultures. In the past, midwives were often trained through an apprenticeship model, where they would learn from experienced midwives by assisting with births and other aspects of maternal and newborn care.

In many societies, midwifery was traditionally a female profession passed down through generations of women in a family or community. Midwives may have learned through informal training, observing and participating in births, and gaining knowledge from other women in their community.

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Which of these is NOT in the selection criteria
a. Personnel
b. Space
c. Revenue of Venue
d. Cost

Answers

The Revenue of the Venue is not an option in the selection criteria. Thus, option C is correct.

Selection criteria is a method that involves analyzing the problems and taking decisions according to the situation and evaluating all the possible options. These criteria include personnel, space, and cost which are the most common aspects of selection criteria.

The revenue of a venue is not the major aspect of the selection criterion. It is just an indicator of the outcome of decision performance but the process is taken after the decision and it does not come under the aspect of Selection criteria.

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what is the factored form of x^2-11x+24=0

Answers

Answer:

(x - 8)(x - 3) = 0

Explanation:

Use the AC method, multiplying the a by c, or the coefficient of x (which is 1) and the last term, 24.

1 x 24 = 24

Now list factors of 24:

1 x 24

-1 x -24
2 x 12
-2 x -12
3 x 8
-3 x -8
4 x 6
-4 x -6

Which of these factor's sums would equal -11 (the middle term)?

-3 + (-8) = -11

So replace -11x with -3 and -8:
x^2 - 3x - 8x + 24 = 0

Now factor by separating into two groups:
x^2 -3x and -8x + 24

GCF between x^2 and -3x is x. So factor x out.
x(x - 3)

GCF between -8x and 24 is 8. So factor 8 out.
-8(x - 3)

Now we have x(x - 3) - 8(x - 3)

(x - 8)(x - 3)

Which of the following is a reason you can be fired under an employment at
will policy?
A. The company relocates to a smaller facility.
B. The company learns that your parents were born in Russia.
C. The company suspects you are stealing inventory.
D. The company wants to hire a younger worker.

Answers

Answer:

A

Explanation:

Cause they might need new people if they relocate Nd might fire a lot of ppl if the working space is small

11. Suppose that your favorite magazine, The Economist, costs $6 per issue and Peoples magazine costs $4 per issue. If you receive 20 utils when you read People, how many additional utils would you need to get from reading The Economist to prompt you to pony up the extra $2 to purchase it instead of People magazine

Answers

To determine how many additional utils a consumer would need to get from reading The Economist to justify the extra cost of $2, we would need to know the consumer's marginal utility for each magazine.

Assuming that the consumer has a marginal utility of 20 utils for the last issue of People magazine they read, we can estimate their marginal utility for The Economist by considering how much additional utility they would receive from reading it.

If reading The Economist provides the consumer with an additional 10 utils compared to reading People magazine, for example, then the consumer would need to gain at least 10 additional utils to justify the extra cost of $2. If the consumer values each additional util equally, this means they would need to gain at least $0.20 worth of additional utility from reading The Economist to justify the additional cost of $2.

However, it's important to note that marginal utility can vary from person to person and may not be easily quantifiable in monetary terms.

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Causes of deflation (essay answer)

Answers

It is the opposite of inflation, which is when general price levels in a country are rising. In the short-term, deflation impacts consumers positively because it increases their purchasing power, allowing them to save more money as their income increases relative to their expenses.

Needing these 3 parts for this question please!
The owner of a specialty coffee shop wants to study the coffee purchasing habits of customers at her shop. She selects a random sample of 60 customers during a certain weel with the following results:

Answers

The owner of the specialty coffee shop conducted a survey with the purpose of studying the coffee purchasing habits of customers at her shop.

A random sample of 60 customers was selected during a certain week.

Following are the results:

Number of customers who ordered only brewed coffee - 22Number of customers who ordered only espresso - 18Number of customers who ordered both brewed and espresso coffee - 20Total number of customers surveyed - 60

The above results can be presented as a Venn diagram, with the number of customers who ordered only brewed coffee in the left circle, the number of customers who ordered only espresso in the right circle, and the number of customers who ordered both brewed and espresso coffee in the overlapping region.

According to the survey, the majority of customers surveyed ordered brewed coffee, with 22 out of 60 customers ordering only brewed coffee.

Only 18 out of 60 customers ordered only espresso, while 20 out of 60 customers ordered both brewed and espresso coffee.

The above results indicate that the specialty coffee shop should prioritize brewed coffee in their menu and promotional campaigns.

They can also consider introducing new flavors or blends of brewed coffee to attract more customers.

The survey also shows that the shop should continue offering espresso, but it may not be as popular as brewed coffee among its customers.

Therefore, they should focus on improving the quality and taste of espresso to cater to the needs of the minority of customers who prefer espresso.

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What are some of the limitations to the Basel I and Basel II Accords? (Select all that apply.) A. Risk weights are dependent on credit ratings, which can be unreliable, particularly in financial crises. B. In practice, the risk weights can differ substantially from the actual risk the bank faces. C. Banks hold more capital when times are good but less when times are bad, thereby, exacerbating credit cycles. D. Banks have to have sufficient capital to weather the kind of financial disruption that occurred during this period.

Answers

A, B, and C are some of the limitations to the Basel I and Basel II Accords. Risk weights are dependent on credit ratings, which can be unreliable, particularly in financial crises. In practice, the risk weights can differ substantially from the actual risk the bank faces. Banks hold more capital when times are good but less when times are bad, thereby exacerbating credit cycles. However, D is not a limitation but rather a requirement for banks to have sufficient capital to weather the kind of financial disruption that occurred during this period.

The Basel Committee on Banking Supervision issued the banking supervision accords known as the Basel Accords. Basel I was created as a result of discussions among central bankers from key countries. The Basel Committee issued a set of minimum capital criteria for banks in 1988.

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The average annual cost of housing an inmate in a state prison is approximately a.$7,500.
b.$15,000.
c.$21,000.
d.$29,000.
D. $29,000

Answers

The average annual cost of housing an inmate in a state prison is approximately (D) $29,000.

This cost can vary depending on several factors, including the location of the prison, the level of security, the services provided, and the state's budget allocation for corrections.

Prisons are complex institutions that require significant resources to operate effectively and ensure the safety and security of both staff and inmates. The cost of housing an inmate includes various expenses such as food, clothing, medical care, security measures, staff salaries, facility maintenance, and administrative overhead.

One of the primary reasons for the high cost of housing inmates is the need for security measures. Prisons must have robust security systems in place, including surveillance cameras, perimeter fencing, and staff trained in maintaining order and preventing escapes. These security measures require substantial financial investment.

Additionally, inmates require access to basic necessities such as food, clothing, and healthcare. Providing these essentials to a large population of inmates adds to the overall cost. Medical care for inmates, in particular, can be expensive due to the prevalence of chronic health conditions and the need for specialized healthcare services within prison facilities.

Furthermore, rehabilitation and education programs aimed at reducing recidivism also contribute to the cost. These programs provide inmates with opportunities for skill development, education, and counseling, which can increase their chances of successful reintegration into society upon release.

In summary, the average annual cost of housing an inmate in a state prison is approximately $29,000 (option D). This cost reflects the expenses associated with maintaining security, providing basic necessities, offering medical care, and implementing rehabilitation programs within the prison system.

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use the compound interest formula a=p1 r nnt to solve. round to two decimal places. find the accumulated value of an investment of $5000 at 5ompounded monthly for 8 years.

Answers

To calculate the accumulated value of an investment using the compound interest formula, we can use the following equation:

A = P(1 + r/n)^(n*t)

Where:

A = Accumulated value (future value) of the investment

P = Principal amount (initial investment)

r = Annual interest rate (expressed as a decimal)

n = Number of compounding periods per year

t = Number of years

In this case, the principal amount (P) is $5000, the annual interest rate (r) is 5% (or 0.05 as a decimal), the compounding is done monthly, so there are 12 compounding periods per year (n = 12), and the investment period (t) is 8 years. Plugging in the values into the formula, we get:

A = 5000(1 + 0.05/12)^(12*8)

Calculating this expression will give us the accumulated value of the investment after 8 years when compounded monthly.

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For problems 1-3, use the Social Security tax rate of 6.2% on the first $97,500 earned and
Medicare tax rate of 1.45% on all earnings to solve the following problems.
1.) Richard has a gross monthly income of $3,400. His earnings to date for this year are
$54,000. How much is deducted this month for Social Security? How much for Medicare?

Answers

Answer:

Social security : $210.8

Medicare: $49.3

Explanation:

Social security tax and medicare are calculated based on the gross income.

Richards gross income for the months us $3,400

Social security tax will be

=6.2 % of $3400

=6.2/100 x 3400

=0.062 x 3400

=$210.8

Medicare tax will be

=1.45 % x $3400

=1.45/100 x 3400

=0.0145 x 3400

=$49.3

What certificate will we get if we become a teacher?​

Answers

Answer:

You can get a teaching certificate or an alternative certification, but go for the nationally-recognized board certification when you're eligible. Use the best job sites. The best job sites, for teaching jobs, are the websites of the school and school district themselves.

Target’s all in motion clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s.

Answers

Clothing line provides higher-quality apparel at target-level pricing, enhancing the product’s are perceived value

Perceived value refers to a customer's assessment of the benefits or attractiveness of a good or service, particularly in comparison to a competitor. The cost that consumers are prepared to pay for a commodity or service serves as a proxy for perceived value. Price level targeting is a technique used by central banks to implement monetary policy in which a particular level of a price index, such as the CPI, is targeted. Price level targeting adjusts depending on recent events, much like inflation targeting with a forward-looking perspective.

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You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?

Answers

Answer:i have no answer but you are making more income

Explanation:

cause

Answer:

These are the answers

Explanation:

Identify the primary qualities of revenues and costs that are relevant for decision making.
Are variable costs always relevant? Explain.
What is an opportunity cost? How does it differ from a sunk cost?
Are all fixed costs unavoidable?

Answers

The primary qualities of revenues and costs that are relevant for decision making are their relevance to the decision being made and their impact on future cash flows.


Variable costs: These costs vary in direct proportion to the level of activity or production. They include expenses such as raw materials, direct labor, and sales commissions. Variable costs are typically relevant for decision making as they directly impact the profitability of a product or service.


Opportunity cost: Opportunity cost refers to the value of the best alternative that is forgone when a particular choice is made. It represents the benefits or profits that could have been gained from an alternative course of action. For example, if a student decides to work part-time instead of taking an unpaid internship.

Fixed costs are expenses that do not change with the level of production or activity. They are incurred regardless of whether any output is produced. Examples of fixed costs include rent, utilities, and depreciation. While fixed costs are generally unavoidable in the short term, they may be adjustable in the long run.

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Bestplumbing 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 service Co. started its operation on 1/1, 2018. The balance sheet as of 6/30/2018 is shown in worksheet BSO. The company had the following transactions during July of 2018. 1-Jul Borrowed $45,000 from key bank by signing a 24-month note with a 4% annual interest rate. 1-Jul Received $58,000 cash from new investors and issued $58,000 no-par value common stock to them. 1-Jul Purchase $84,000 of new equipment and paid cash. 1-Jul Pay 500 for July truck rental 3-Jul invoice customer A $900 for service completed customer will pay in 10 days. 5-Jul the board of directors declared a cash divdiend of $11,000, to be paid on 7/31. 7-Jul Paid employee $6,000 for works performed during the first week of July. 10-Jul Performed a job for a new customer-- customer B. Customer will pay $500 in 30 days. 12-Jul Collected $3,500 for service performed on June 26th of 2018. 14-Jul Paid employee $4,800 for works performed during the second week of July. 15-Jul Purchased $50 of supplies on account. Supplies are consumed immediately. 15-Jul Collected $900 for service performed on 7/3. 17-Jul Incurred $430 cost for repairing am equipment. Bestplumbing paid the full amount in cash. 19-Jul Purchased $17,000 of supplies, which will be consumed over the next 12 months.
20-Jul Collected $30,000 cash from service performed on June 28th. 21-Jul Paid employees $5,750 for work performed during the 3rd week of July. 23-Jul Receive advanced $48,000 payment from a government project The payment is for 6 months of work which will be performed from August 1 of 2018 to January 31 of 2019. 25-Jul Completed plumbing work for customer C. The total price is $3,900. The customer paid $1,000 cash and will pay the remaining on august 25. 27-Jul Completed a job for customer D. Customer paid $225 cash. 27-Jul Paid $50 for the supplies purchased on 7/15 28-Jul Pay the employees $6300 for work performed during the 4th week of july. 31-Jul invoice customer E $33,000 for service completed - customer will pay in 20 days. 31-Jul pay the cash dividend which was declared on 7/5. Additional Information: 1 The depreciation expense for the month is estimated to be $2,400. 2 At the end of July, there are $15,550 supplies on hand. 3 For the last 3 days (29,30, 31) of work on July, the employees earned $4,200 of wages, which have not been paid yet. 4 On 2/1/2018, BestPlumbing received advanced payment from the government office for works to be performed from Febrary to July. Per the contract with the government, Bestplumbing can recognize $8,000 of the advanced payment as revenue in July. 5 The bank informs Bestplumbing that the interest on the loan for July is $150. Instructions: 1. Prepare journal entries for each event (show work on worksheet "JE"). Prepare the general ledger accounts (T-accounts) on a piece of paper or on your computer. But you do not need to show your work for this. 2. Prepare adjusting entries (show work on worksheet "ADJ. JE"). 3. Prepare adjusted trial balance (show work on worksheet "ADJ. TB"). 4. Prepare Income Statement, Retained Earnings Statement, Balance Sheet, and Statement of Cash Flows (show work on FSs). 5. Prepare closing entries (show work on "closing JE").
BestPlumbing, Inc. Balance Sheet As of June 30, 2018 ASSETS Current assets cash 28,250 Accounts Receivable 43,500 Supplies 4,375 Total current assets 76,125
PPE Equipment 48,000 Accumulated Depreciation (18,000) Equipment, net 30,000
Total assets 106,125
LIABILITIES Current liabilities Unearned revenue 8,000 Total liabilities 8,000
STOCKHOLDERS' EQUITY Common stock 50,000 Retained earnings 48,125 Total stockholders' Equity 98,125
Total Liabilities and stockholders' equity 106,125

Answers

1. On July 1, 2018, BestPlumbing borrowed $45,000 from Key Bank, issued $58,000 of common stock, and purchase $84,000 of equipment for cash.

2.July 1, paid $500 for truck rental and invoiced customer A $900 for services completed, due in 10 days.

3. On July 5, declared a cash dividend of $11,000.

4. On July 7, paid employees $6,000 for work performed in the first week of July.

5. On July 10, performed a job for customer B, who will pay $500 in 30 days.

6. On July 12, collected $3,500 for services performed on June 26, 2018.

- Journal entries, T-accounts, adjusting entries, adjusted trial balance, income statement, retained earnings statement, balance sheet, statement of cash flows, and closing entries need to be prepared based on the given transactions and information. The complete process involves recording each transaction, adjusting entries for depreciation and supplies, preparing financial statements, and closing the temporary accounts.

1. Depreciation expense for the month is estimated to be $2,400.

2. At the end of July, there are $15,550 supplies on hand.

3. For the last three days (29th, 30th, and 31st) of work in July, employees earned $4,200 in wages, which have not been paid yet.

4. On February 1, 2018, Bes Plumbing received an advanced payment from the government office for work to be performed from February to July. Per the contract, $8,000 of the advanced payment can be recognized as revenue in July.

5. The bank informs BestPlumbing that the interest on the loan for July is $150.

Instructions:

1. Prepare journal entries for each event on the "JE" worksheet.

2. Prepare adjusting entries on the "ADJ. JE" worksheet.

3. Prepare an adjusted trial balance on the "ADJ. TB" worksheet.

4. Prepare the Income Statement, Retained Earnings Statement, Balance Sheet, and Statement of Cash Flows on the respective worksheets.

5. Prepare closing entries on the "Closing JE" worksheet.

Please note that the complete process involves recording each transaction, adjusting entries for depreciation and supplies, preparing financial statements, and closing the temporary accounts based on the provided information.

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The useful life of a purchased trademark is considered to be indefinite, therefore the cost of the trademark is
Multiple Choice
Subject to periodic amortization
Not amortized
Subject to perpetual amortization
Subject to straight-line amortization

Answers

The correct answer is: Not amortized. When the useful life of an asset is considered to be indefinite, as is the case with a purchased trademark, it is not subject to amortization.

This means that the cost of the trademark is not gradually expensed over a period of time, as is done with assets that have a finite useful life. Instead, the cost of the trademark remains on the company's balance sheet until it is either sold or permanently impaired.

It's important to note that while the cost of a trademark is not subject to amortization, it is still subject to impairment testing. This means that if there are indications that the value of the trademark has decreased, the company may need to recognize an impairment loss and reduce the carrying value of the trademark on its balance sheet.

In summary, the cost of a purchased trademark is not amortized because its useful life is considered to be indefinite. However, it is still subject to impairment testing.

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need help What were Law’s plans?

Answers

Answer:

Law created a private national bank and issued paper money, based on the wealth of the French government, in the hopes to pull France out of debt.

-BBBM

MARKING BRAINIEST

Type the correct answer in the box.

Spell all words correctly.

What does stand for in the formula to calculate moving averages?
The moving averages method of sales forecasting has the formula:

In this formula, stands for

MARKING BRAINIESTType the correct answer in the box. Spell all words correctly.What does stand for in

Answers

Answer:

Sales

Explanation:

S stands for sales. The moving averages formula uses sales figures from the previous periods to forecasts future sales.  For example,

say, sales for 2015 were 100; 2016 were 120; 2017 were 110; and 2018,..130. Using the formula, the forecast for 2019 will be

Forecast 2019 = Sales 2015 + Sales 2016+ Sales 2017+ sales 2019 / 4

Forecast 2019 = 100 + 120 +110 + 130 / 4

Forecast 2019=115

Answer:

"sales for the latest month"

Explanation:

I got it right :)

MARKING BRAINIESTType the correct answer in the box. Spell all words correctly.What does stand for in

as the standard of living increases, people will demand democracy and more economic freedom and at the same time becom less rationally ignorantT/F

Answers

True. However, this is a complex topic and requires a long answer. As people's standard of living improves, they tend to become more educated and aware of their rights and freedoms. This leads to a greater demand for democracy and economic freedom.

Additionally, as people become less financially strained, they have more time and resources to invest in learning about politics and staying informed on current events, reducing their level of rational ignorance. However, it's important to note that this trend is not always consistent and there are other factors at play that can influence a society's political and economic development.

This is because higher living standards often lead to better access to education and information, making individuals more aware of the political and economic systems that affect their lives. Consequently, they are more likely to engage in the democratic process and demand greater economic freedom, while also becoming less rationally ignorant about the issues that impact them.

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Why did anheuser busch fires its entire marketing department?

Answers

Anheuser Busch, the leading beer brand in the US, made a shocking move by firing its entire marketing department in 2020.

The primary reason behind this decision was to restructure and reorganize the company's marketing strategies. Anheuser Busch aimed to integrate and modernize its marketing operations to keep up with the changing consumer preferences and market dynamics.

By eliminating the marketing department, the company could consolidate its marketing functions and bring them under a single umbrella. This move would allow the company to be more agile, cost-effective, and efficient in its marketing efforts. Moreover, it would enable Anheuser Busch to focus on innovative and data-driven marketing approaches that align with the company's goals and objectives.

Overall, the firing of the entire marketing department was a strategic move by Anheuser Busch to transform its marketing operations and stay ahead of the competition in a rapidly evolving market.

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A firm's target market best represents the __________.a) consumer group sought by a retailerb) image that a retailer desires to projectc) product quality that a retailer sellsd) number of retail stores a retailer has in any one area

Answers

A firm's target market best represents the consumer group sought by a retailer. It refers to the specific group of consumers that the retailer is trying to reach and serve with their products or services.

This includes demographics such as age, gender, income, and geographic location, as well as psychographics such as interests, values, and lifestyle. By identifying and understanding their target market, a retailer can tailor their marketing strategies and product offerings to meet the needs and preferences of their ideal customers.

This can lead to increased sales, customer loyalty, and a stronger brand image. The number of retail stores a retailer has in any one area may impact their target market, but it is not the defining factor.

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When the coronavirus pandemic shut down businesses across the nation, sisters Angela Muhwezi-Hall and Deborah Gladney decided it was the perfect time to start a new one. It was an idea they had been mulling over for years: a hiring platform, called QuickHire, to help service industry and skilled trade workers obtain jobs. They had witnessed what they called the antiquated hiring process used by small operators and also understood the importance of this type of work. "Covid was definitely the catalyst, when we saw millions of people lose their jobs [and] people had to reskill," said Muhwezi-Hall, 31, who left her job as a student advisor at a university in California to start the business in her hometown of Wichita, Kansas. Using the knowledge that you have acquired in the strategic management course, you are required to provide the company with some direction and control process and to assist the business to achieve its goals in an environment of constraint and competition by explaining the FIVE (5) steps in strategic management process with relevant examples. (10 Marks)

Answers

For strategic planning to be successful, an organization must adhere to a set of procedures. The steps in the strategic management process are as follows:

Identifying Direction - The first stage in identifying direction needs the organization to have a clear vision and course. A business should choose its short- and long-term goals before creating plans.

Analyzing Resources - To receive the benefits of strategic control, an organization must first configure its resources to carry out certain tasks.

Framing Strategies- The organization develops its action plan for achieving the goal after deciding on the best resource for each strategy.

Implementing Strategies- Executing them comes next after improving the strategy in accordance with the agency's goals.

Evaluating Effectiveness - The system's last stage is the evaluation of techniques. Analyzing every aspect of the firm during the formulation and use of the technique makes it easier to control and recognize each person's contribution.

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the cyclically adjusted budget balance is an estimate of:

Answers

The cyclically adjusted budget balance is an estimate of a government's fiscal position adjusted for the effects of economic cycles.

The cyclically adjusted budget balance is a measure used to assess a government's fiscal position by accounting for the impact of economic cycles. Governments often experience fluctuations in revenue and spending due to changes in economic conditions, such as recessions or booms. These fluctuations can distort the true underlying fiscal position of the government.

The cyclically adjusted budget balance aims to remove the temporary effects of economic cycles to provide a more accurate assessment of the government's fiscal stance. It estimates what the budget balance would be if the economy were operating at its potential level, eliminating the effects of cyclical fluctuations. This adjustment helps policymakers understand the structural position of the government's finances, independent of short-term economic conditions. It can be a useful tool in assessing the sustainability of fiscal policies and determining appropriate measures to achieve long-term fiscal stability.

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what businesses could do to assist a community experiencing a crisis in education

Answers

Companies can assist in the development of a community that is going through an education crisis with investments in education, such as educational programs, subsidies and support to educational institutions.

What is CSR?

It corresponds to an acronym for corporate social responsibility, which are means that companies use to attest to their social and environmental responsibility in a strategic way, instituting programs and investments in the local community, to generate value for the brand through the positive perception of stakeholders.

Consumers are increasingly interested in consuming from companies with positive practices for socio-environmental development that go beyond legal requirements, which is a relevant competitive advantage.

Therefore, CSR aims to institute continuous improvement in the organization, waste reduction, relationship creation and quality in its internal and external processes.

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Michael's adjusted basis in the MW Partnership was $20,000 at the time he received the following nonliquidating distribution: Cash of $5,000 Equipment with an adjusted basis to the partnership of $8,000 and a fair market value of $10,000. What is the gain/loss Michael will recognize on this transaction

Answers

The appropriate solution of the given question "$15,000". A further explanation is provided below.

According to the question, the values are:

Partnership,

= $20,000

Cash received,

= $5,000

Adjusted basis,

= $8,000

Fair market value,

= $10,000

hence,

→ The Michael's adjusted basis in the partnership will be:

= \(Basis \ in \ partnership- Cash \ received\)

= \(20,000-5,000\)

= \(15,000\) ($)

Thus the above is the right answer.

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The government is concerned that the high inflation rate is threatening the sustainability of recent economic growth. What is the best way for the government to reduce the inflation rate?

Answers

Answer:

both raising taxes and reducing government spending, reduce the amount of money in the economy and reduce inflationary pressure on prices

Explanation:

Inflation is a situation where prices of goods and services become high. It can be caused by increased sand where consumers are willing to spend more on goods, or by an increase in production cost forcing suppliers to increase price.

The government can take various measures to control price increase during an inflation.

If money supply is reduced by less government spending and increased tax, there will be less tendency for price to increase.

Consumers will not be able to buy at the high price so suppliers are forced to reduce their prices

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