Marketing innovation is based on the conviction that new products and consumer solutions can successfully emerge only from inside the organization.
What is marketing innovation?Marketing innovation is a term used to refers to how the new products can be used to convince the consumer so they can buy it.
It is based on the organization can comes up with better idea to win heart of consumer.
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Rothan Corp. Is evaluating the purchase of a small firm, Lemm Inc. , which manufactures products involving advanced technology. These products are expected to revolutionize the home construction industry. Lemm has only a minor share of this growing market, but the market is expected to grow rapidly. Substantial investment will be required. In the BCG matrix, Lemm Inc. Would be placed in the _____________________ category
Lemm Incorporated will be put in the Question Mark Category on the BCG Matrix because it has a high growth potential but low market share.
What is a BCG Matrix?The BCG matrix or BCG growth-share Matrix is a strategic tool developed by the Boston Consulting Group.
It is primarily used to categorize an investment based on its future outlook. The four key categories on the BCG Matrix are:
Cash CowQuestion MarkStars and DogsSee the attached image and also learn more about BCG Matrix at:
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CAN SOMEONE WITH SOME BUSINESS KNOWLEDGE HELP ME PLEASE!
The main business functions and their roles.
Review questions
1. Which business function is concerned with ensuring that products are produced to meet the quality standards expected by customers?
2. Name the business function involved in developing and selling products that meet customer needs.
3. Which sector is involved in making sure that the company has the employees it needs to run its operations?
4. Which business function is responsible for ensuring that the company has the funds it needs to carry out its operations?
5. Which business department is responsible for ensuring that employees are adequately compensated (salary-wage)?
6. Name the business function that must ensure that the correct quantity of a good or service is produced.
7. Which sector is responsible for researching and determining the wants and needs of different groups of consumers?
8. The management of the company wants to provide an extra benefit to its employees, other than a salary increase, for example, offering cafeteria and/or cafeteria service. What type of information should be consulted with each sector (HR, OPERATIONS, FINANCE AND MARKETING)?
THANK YOU FOR AT LEAST READING IT
Answer:
marketing is the business functions involved in developing and selling products that meet customer's need.
What will most likely cause a lender to approve credit?
O A historic credit score of 500
O Most payments paid on time
O A large amount of debt owed
O A long credit history with high balances
Answer:
Most payments paid on time.
Explanation:
The more you pay off the higher your credit score get the more you can buy.
Most payments paid on time, most likely cause a lender to approve credit. Thus, option (b) is correct.
A lender is less likely to approve loans if you have a 500 credit score historically and a lot of debt. Lenders take into account variables including credit score, payment history, debt-to-income ratio, and length of credit history when determining a borrower's creditworthiness.
Hard credit inquiries that are often needed for mortgage pre-approval can lower a buyer's credit score by five points or fewer. It is advised that throughout the underwriting process, borrowers refrain from opening any new credit lines or taking out any loans, since this could have an impact on the result.
As a result, the significance of the payments paid on time, most likely cause a lender to approve credit are the aforementioned. Therefore, option (b) is correct.
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Schaad corporation has entered into an eight-year lease for a piece of equipment. the annual payment under the lease will be $2,500, with payments being made at the beginning of each year. if the discount rate is 14%, what’s the present value of the lease payments? ignore income taxes in this problem.
If the discount rate of the eight-year lease for a piece of equipment entered by Schaad Corporation is 14% with an annual lease payment of $2,500, the present value of the lease payments is $13,220.76.
How is the present value of lease payments determined?The present value (PV) of lease payments can be determined by computing the discount factor of 14% for 8 years and multiplying it with the annual lease payment.
The present value can also be computed using the PV table or the PV formula.
However, for this exercise, we have used an online finance calculator to determine the PV as follows:
Data and Calculations:N (# of periods) = 8 years
I/Y (Interest per year) = 14%
PMT (Periodic Payment) = $2,500
FV (Future Value) = $0
Results:
PV = $13,220.76
Sum of all periodic payments = $20,000 ($2,500 x 8)
Total Interest = $6,779.24
Thus, if the discount rate of the eight-year lease for a piece of equipment entered by Schaad Corporation is 14% with an annual lease payment of $2,500, the present value of the lease payments is $13,220.76.
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HELPPPPP I AM STUCK ! Explain how production gives form utility to natural resources.
Answer:
land has a broad definition as a factor of production and can take many forms from agricultural land to commercial real estate. natural resources such as oil and gold can be extracted and refined for human consumption
cultivation of crops on land increases its value and utility
Wilson manufacturing relies on an extensive __________ system, where its employees share information between departments. for example, departments such as human resources can share payroll information with employees. persons outside the firm do not have access to this network.
Answer:
Wilson manufacturing relies on an extensive Intranet system, where its employees share information between departments. for example, departments such as human resources can share payroll information with employees. persons outside the firm do not have access to this network.
In a period of steep increases in interest rates, which issuer is most likely to be negatively affected
Answer:
the answer to yout question is utility companys
Explanation:
Choose a company you frequently buy from.
For example: Nike, McDonald's, Wawa
Now, identify that company's target market and marketing mix.
Mortgage interest paid on a home is an example of a tax
A. deduction
B. credit
C. form
O D. refund
Answer:
A. Deduction
Explanation:
it's when u pay Ur taxes
7 of these cuboids of side 3cm are put together to make this shape
The surface area of the shape is 504cm^2.
What is Surface Area?This refers to the sum of all areas of the faces on a three-dimensional shape.
From the complete question, we can see that there is a diagram with the following parameters:
Seven cuboidsEach side 3cmThe surface area of the shape is:
3 3 * 3=9
9 * 7=63
63+9=72 * 7
=504cm^2
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What step is the most important in the decision making model?.
Answer:
Identifying or stating the problem
Explanation:
Buying office space is ______________ in the long run-in comparison to leasing. Which is the correct answer?
less difficult
less expensive
more expensive
more difficult
Answer:
less expansive
Explanation:
i took the test. i got it right
Buying office space is less expensive, as in the long run it will cover in the variable cost and economies of scale will work.
What is economies of scale?The cost advantages that businesses gain as a result of their size of operation are known as economies of scale in microeconomics. They are commonly quantified by the amount of output generated in a given amount of time. Scale can be increased when the cost per unit of output decreases.
The phenomenon known as economies of scale occurs when the scale or magnitude of the production produced by a firm increases while the average cost per unit of output decreases.
Technical, managerial, marketing, financial, commercial, and network economies of scale are the six different categories of internal economies of scale.
Economies of scale emerge when a company reaps the rewards of its size. A corporation gains from a variety of efficiency as it grows. For instance, serving 1,000 people at a restaurant is much more affordable and effective than serving just one.
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GM creates a separate website for each of its car models (e.g., chevrolet). This reflects which type of multi-branding strategy
The type of multi-branding strategy that GM creates by using a separate website for each of its car models is known as the house of brands.
What is a multi-branding strategy?
A multi-branding strategy involves using a portfolio of products with different brand names by the same company.
Multi-branding is a branding strategy that involves using two or more brand names to market the same product to different audiences.
Thus, the type of multi-branding strategy that GM creates by using a separate website for each of its car models is known as the house of brands.
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Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough product to meet the demand. Based on her tasks, which is most likely her career? Manufacturing Production Process Development Maintenance, Installation, and Repair Logistics and Inventory Control Health, Safety, and Environmental Assurance.
Based on the fact that Sarai is usually making sure there is enough supply, she is most likely a Logistics and Inventory Control officer.
What does a Logistics and Inventory Control officer do?They make sure that the company has enough inventory to meet the demands of customers.
They also check the purchases that the company acquires for quality and accuracy before they can be sold to customers. This is what Sarai does.
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Answer:
Logistics and Inventory Control
Explanation:
Good Luck
Saraiya runs a small café. She would like to start placing small ad buys on social media and hires an analytics firm to determine which platforms she should advertise on. What type of cost would this be considered?.
A social media implementation cost wil be incurred if she start placing small ad buys on social media and hires an analytics firm.
What is a social media implementation cost?These is a varible cost that is used for implementation of social media account for advertisement, promotion etc.
Hence, these implementation cost wil be incurred if she start placing small ad buys on social media and hires an analytics firm.
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If a product has a unit contribution margin of $12, a sales price of $20 and total fixed costs of $1,000, its variable cost per unit must be $______.
Based on the unit contribution margin and the sales price of the product, the variable cost per unit is $8.
What is the variable cost per unit?This can be found as the formula:
= Sales price - Contribution margin per unit
Solving gives:
= 20 - 12
= $8
In conclusion, the variable cost per unit is $8.
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Hidden aspects of an organization that organizational behavior provides insight into include ________.
Answer:
The answer is attitude
Explanation:
Hope this helps:)...if not then sorry for wasting your time and may God bless you:)
Your annual budget to hire a social media team is $620,000. If each member on the team is paid $18/an hour and works a total of 2,040 hours per year, how many members can you hire for the team?
The number of team members you can hire based on your annual budget of $620,000 for the social media team is 16.
What is budgeting?Budgeting is the process of making a financial estimate of expected revenue and expenditure for a period.
Budgeting ensures that sufficient funds are made available and spending does not exceed the budgeted amount.
Data and Calculations:Annual budget for media team = $620,000
Member's rate per hour = $18
Total hours worked per year by a member = 2,040
A member's earnings per year = $36,720 ($18 x 2,040)
The number of team members to hire =16.9 ($620,000/$36,720)
Thus, the number of team members to hire for the social media team is 16.
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When considering marginal revenue versus marginal costs, marketers must ensure that.
It should be noted that when considering marginal revenue versus marginal costs, marketers must ensure that marginal revenue exceeds marginal costs.
What is marginal revenue and marginal costs?The marginal cost of production serves as the change in total cost that is bern incured as a result of making or producing one additional item.
Marginal revenue (MR) on the other hand serves as the incremental entity.
However, In equilibrium, marginal revenue equals marginal costs.
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______ refers to an increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes.
The increase in the variety of products and services a firm offers or markets and the geographic regions in which it competes refers to diversification.
What is diversification?
Diversfication is the process by which a firm increases the product offerings to its customers in a particular region. The purpose of diversification is to increase the options avaiable to customers, increase profit margin and increase market share.
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Game theory suggests that competing firms in an oligopolistic industry may be
Game theory suggests that competing firms in an oligopolistic industry may be reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases.
What is Game theory?Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing. Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
Here are the options:
. too quick to raise prices because they will fail to anticipate that rivals may gain market shares.
b. reluctant to change prices because they anticipate that rivals will match price cuts but ignore price increases
c. reluctant to change prices because they anticipate that rivals will ignore price cuts but match price increases
d. too quick to cut prices because they fail to anticipate that rivals may also cut their prices.
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Game theory suggests that competing firms in an oligopolistic industry may be reluctant to price changes.
What do you mean by oligopoly?An oligopoly is a form of market that is made up of a few large firms engaging in strategic behavior. An automobile is the best example of an oligopoly market.
A game theory suggests that competing firms in an oligopoly industry may be reluctant in changes the price because they can analyze that rivals can match the price cuts but generally ignore the increase in the prices.
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Which of the following risk-return statements is true? Group of answer choices Higher returns mean greater risk. Liquidity and return move up and down together. Higher risk is associated with higher liquidity. Lower risks are associated with less liquid assets.
The true statement about the following risk-return option is that a higher returns mean greater risk.
What is a risk return?As associated with investment risk, its involves the notion that the higher the risk, the higher the return on an investment and vice versa.
Hence, the true statement about the following risk-return option is that a higher returns mean greater risk.
Therefore, the Option A is correct.
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When a company enters a new business in a different industry from that in which it currently operates and does not expect to achieve any value chain synergies, this is ________ diversification.
When a company enters into a new business that is unrelated without expecting to acheive any value chain synergies, it is can be referred to as: unrelated diversification.
What is Unrelated Diversification?Unrelated diversification can be described as a type of diversification whereby a company ventures into unconnected business areas where the opportunities for sharing resources between areas do not exist.
An example of unrelated diversification is Amazon venturing into grocery store business which involves the purchase of whole foods.
Therefore, when a company enters into a new business that is unrelated without expecting to acheive any value chain synergies, it is can be referred to as: unrelated diversification.
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The level of aggregate supply in the long run is not affected by.
Answer:
Long run aggregate supply (LRAS) is a theoretical concept and refers to the output that an economy can produce when using all its factors of production, and hence when operating at full employment. Graphically, it is a vertical curve indicating that, in the long run, output is not affected by changes in the price level.
Which of the following is an example of a game where the customer can choose their own numbers
The game where players are allowed to pick their own numbers is the game of Mega-Millions.
What is Mega-Millions?This is a type of lottery game that is available in several countries around the world and involves players picking certain numbers to stand a chance to win some money.
The players get to choose the numbers they believe will be lucky and then there is a draw. If their numbers are selected, they stand a chance to win.
Options for this question were:
a. Quick Pick game.
b. Mega Millions.
c. Instant Scratch-Off game.
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A type of pricing strategy we’re in the same product being sold at a different place but have different price
What does an environmental management technician do?.
Based on your reading of the following passage, to which listed careers do you think John might be suited? (Select all that apply. ) John is a high school graduate. He is smart and ambitious but does not wish to pursue a college degree. John has good technical skills, can operate computers, and has a strong grasp of basic physical sciences. He served in the navy for four years. John is not opposed to joining a union. He does not have a spouse or any children. John is physically healthy, strong, and has good vision without any significant issues. John might be suited to be: a seaman a seaman a rail yard worker a rail yard worker a ship's captain a ship's captain a dispatcher
Answer:
a seaman
a seaman
a rail yard worker
Explanation:
When analyzing a market how do economists deal with the factors that affect market
Explanation:
In order to study the change in the factors affecting the market easily, economists prefer to consider one factor at a time and keep other factors constant. This strategy is difficult to apply in real world, but this makes the understanding of an economic model simpler
What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
The maximum amount of new loans to the bank could lend with the given amounts of reserve is; $400million.
Maximum amount of New loansIt follows from macroeconomics calculations that;
The maximum amount of new loans to the bank!= The current amount in reserves * The multiplier.
Given that the amount in reserves is $80 million.
$80 million * (1/20%)$80 million * (5) = $400 million.Ultimately, the maximum amount in new loans given the amount in reserves is; $400 million.
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