A trade secret is any company practice or process that is generally unknown outside of the company.
what is trade secret?
Trade secrets are intellectual property (IP) rights on confidential information that can be licensed or sold. In general, for information to qualify as a trade secret, it must be:
Commercially valuable because it is secret, known only to a small number of people, and subject to reasonable steps taken by the rightful holder of the information to keep it secret, such as the use of confidentiality agreements for business partners and employees.
Unauthorized acquisition, use, or disclosure of such secret information by others in a manner inconsistent with honest commercial practices is considered an unfair practice and a violation of trade secret protection.
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radial tires, a tire manufacturer, posts an advertisement inviting applicants to pursue a role as an associate marketing manager. the company has specified that the job will involve managing marketing channels, executing tradeshow events, and collaborating with the advertising team. this is an example of a job
As radial tires posts an advertisement inviting applicants to pursue a role as an associate marketing manager, which specified that the job will involve managing marketing channels, executing trade show events and collaborating with the advertising team, this is an example of a job advertisement.
What is a job advertisement?Basically, a job advertisement means an announcement of an open job position, that is, its informs people that a certain job position is available. It is mostly written in an engaging tone and it contains information not only about the job position but also about your company and the benefits you offer. Generally, the main goal of the job advertisement is to inform potential job candidates about a new opening and attract them to apply.
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hobbs owns a small internet service provider. he is sued by allison because someone who pays hobbs a monthly fee posted a defamatory statement about allison. will allison prevail in court?
No, because print publishers and Internet service providers are treated differently under the Communications Decency Act.
The Communications Decency Act's purpose is what?The Communications Decency Act of 1995 amends the Communications Act of 1934 to forbid the use of any telecommunications device (now only the telephone) to irritate, abuse, threaten, or harass any recipient of such message.
Any person who sent "obscene or indecent" messages to a receiver under the age of 18 was in violation of the CDA. Additionally, it forbade the "knowing" exhibition of "patently objectionable" materials in a way that was "accessible" to individuals under the age of 18
The Communications Decency Act was unconstitutional for what reasons?The federal Communications Decency Act (CDA) is an unlawful restraint on free speech, the Supreme Court declared in Reno v. ACLU in 1997. The precedent-setting decision confirmed the risks of banning what one judge referred to as "the most participative form of mass expression ever conceived."
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congress has passed legislation that a. banned the practice of lobbyists giving members of congress an honorarium for giving speeches. b. eliminated the requirement that lobbyists register with congress. c. lifted all limits on the number of gifts lobbyists could give members of congress. d. allowed businesses to deduct lobbying costs as a business expense.
In 1996, Congress passed legislation that banned the practice of lobbyists giving members of congress an honorarium for giving speeches. (Option A)
Lobbying refers to means of attempting to influence legislative action or nonaction through communication (oral or written) or an attempt to gain the goodwill of a member or employee of the Legislature. Interest groups and lobbyists offer campaign support for legislators that are in favor of their policies and encourage their members to vote for candidates who support their views. As an attempt to regulate the lobbying practices, the congress banned the practice of lobbyists giving congress members an honorarium for giving speeches. An honorarium refers to a payment given to guest speakers who don't charge a service fee.
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Which of the following indicates the length of a channel?
A.
The number of retailers in the channel
B.
The number of wholesalers in the channel
C.
The number of intermediary levels in the channel
D.
The number of final consumers in the channel
E.
The number of producers in the channel
The statement which correctly indicates the length of a channel is: C. the number of intermediary levels in the channel.
What is marketing?Marketing simply refers to a strategic process which typically involves developing promotional techniques and sales strategies by a business firm to enhance the availability of products (goods) and services, in order to meet the demands, and unending needs of the end users (consumers) through advertising and market research.
What are the types of marketing channel?In Business management and marketing, there are two types of marketing channel and these include the following:
Indirect channel.Direct channel.In conclusion, marketing intermediaries are a part of the channels of distribution and they are saddled with responsibility of transporting goods and services from the producers (manufacturers) to business firms and from businesses firms to consumers, thereby, influencing the length of a channel.
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baton company estimates that the amounts for total depreciation expense for the year ending december 31 will be $120,000 and for year-end bonuses to employees will be $200,000. what total amount of expense relating to these two items should baton report in its quarterly income statement for the three months ended march 31? a. $0 b. $30,000 c. $50,000 d. $80,000
The Baton company projected that the total depreciation expense for the current year is $120,000 and the year-end bonuses to employees is $200,000. In its first quarterly income statement, the expenses related to those two items should be reported $30,000 (option b).
Depreciation measures the decrease of the value of assets.
Depreciation expense is the amount of the cost of a company's fixed assets that is allocated for a specific term. Depreciation expense is recorded as a non-cash expense on the income statement, reducing the company's net income or profit.
In the income statement, the depreciation expense is debited while the accumulated depreciation is credited.
From the problem, we know that the depreciation expense for the current year is estimated to $120,000. Since the income statement is made quarterly, the depreciation expense for the first quarter (ended March 31) is 120,000/4 = 30,000
The expense for the employee's year-end bonuses is one time expense and therefore, not spread into quarterly income statement, only in the last statement.
Hence, the total expenses for those two items should be written as $30,000 (option b).
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the phased approach to feasibility studies in project finance enables optimal project value to be extracted
Request for a feasibility study—IM stage. IM phase of the feasibility study elaboration. Possible Explanation Application/IM phase: Conference mode (optional during Path Study Elaboration).
Feasibility Study Findings - Candidate stage.t lists both the known expenses and the anticipated advantages. When it comes to business, "success" is defined as when the profit outweighs the expense. A feasibility study, also known as a feasibility analysis or a feasibility report, is a means to determine whether a project plan has a chance of being successful. A feasibility study assesses the viability of your project plan to determine if you can proceed with the project or not.
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stealth bank is holding $4 million in reserves, $9 million in government bonds and $9.6 million in low risk mortgage loans. out of the $20 million in customers' deposits, stealth holds $13.1 million in the form of certificates of deposit. what is stealth bank's net worth in millions of dollars?
Stealth bank is holding $4 million in reserves and $9 million in government bonds. $2.6 million is the stealth bank's net worth in millions of dollars.
($4mil + $9mil + $9.6mil) - $20mil = $2.6 million net worth.
For the Stealth Bank, net worth is equal to $2.6 million; that is, $22.6 million in assets minus $20 million in liabilities.
A government bond is a debt security issued by a government to support government spending and scores. Government bonds can pay periodic interest payments called pasteboard payments. Government bonds issued by public governments are frequently considered low-threat investments since the issuing government backs them.
Government bonds issued by civil governments are among the safest investments around, frequently carrying a threat-free rate of return. still, because of their lower threat, they also carry fairly lower yields.
a bondholder invests$,000( called face value) into a 10- time government bond with a 10 periodic pasteboard; the government would pay the bondholder 10 of the$,000 each time. At the maturity date the government would give back the original$,000.
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the ucc provides that if a firm offer is silent as to the length of time it is irrevocable, then the contract assumes an irrevocability period of .
The UCC provides that if a firm offer is silent as to the length of time it is irrevocable, then the contract assumes an irrevocability period of 3 months.
The Uniform Commercial Code (UCC), a comprehensive body of law, regulates all commercial activities in the United States. Instead of being a federal legislation, every state has adopted it. Uniformity of law is essential for interstate business transactions.
According to the U.C.C., even when there hasn't been any payment made for the promise, a written and signed offer by a merchant to buy or sell goods that states that it will be held open is irrevocable for the duration of the time mentioned.
If the offer is promised to remain open but no time period is mentioned, it cannot be removed for a reasonable period of time. Regardless matter whether it is accepted, an offer cannot be held open for more than three months.
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melvin is moving his small business from his basement to an office building now that he has five full-time employees. what type of enterprise ap should he choose when setting up the new office's wlan?
When configuring the WLAN at the new workplace, Melvin ought to select Fat AP.
What is Fat AP?An access point (AP) in wireless local area networks (WLANs) with enough program logic and processing capacity to enforce access and use regulations on its own, independent of a centralized controller. (A fat AP, for instance, might take data from a RADIUS server.)
Everything is contained within a fat wireless access point. It must manage clients who are wireless. In the event that the end-user installations multiple Fat Wireless Access Points, each one must be configured separately.
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a vendor charges $50 every time a technician travels to your office and $100 per hour for the time worked. track the travel cost in the field for a resource.
Cost/Use; work It can be calculated by evaluating the cost or ose field in the work section to know about the travel cost. Other options are not relevant here.
A cost is the worth of money that has been expended in the production or delivery of a good or service and is therefore no longer accessible for use in accounting, retail, research, or accounting. In business, the cost may be one of acquisition, in which case the cost is the sum of the money used to obtain it. In this instance, the input required to obtain the item is money. This acquisition cost could include both additional transactional costs incurred by the acquirer over and beyond the price given to the producer, as well as the cost of production borne by the original producer. In most cases, the price also includes a profit margin above the cost of manufacture.In most cases, the price also includes a profit margin above the cost of manufacture.
CORRECT QUESTION:
A vendor charges $50 every time a technician travels to your office and $100 per hour for the time worked. Track the travel cost in the _____ field for a _____ resource.
Select an answer:
Cost/Use; work
Travel Cost; work
Standard Rate; work
Cost/Use; material
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cabot inc. has 6%, $100,000 face amount bonds outstanding. the bonds were issued at a premium. at end of the current fiscal period, the balance of premium on bonds payable is $1,200.the balance sheet presentation of cabot's bonds should include:
The balance sheet presentation of Cabot's bonds include,
B. Less discount on bonds payable of $1,200
C. Bonds payable of $100,000
You must put the statistics in context for the audience because the balance sheet only reports at one point in time. You must contrast them with an earlier period of time, typically the preceding quarter or the same period in the prior year. A balance sheet is a financial record used to convey the precise value of a business or organization, or its "book value." By outlining and totaling all of a company's assets, liabilities, and owners' equity as of a specific date, commonly referred to as the "reporting date," the balance sheet accomplishes this. Depending on the frequency of reporting required by law or corporate policy, a balance sheet is often created and distributed on a quarterly or monthly basis.
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Answer:
204,500
Explanation:
darcy owns 5,000 shares of english manor properties. it is her belief that the company is unlikely to grow much over the next year. she is curious how she might generate some additional income from the position as english manor pays a paltry dividend and she asks about covered calls. you tell her that
You tell her that Writing calls against her stock position is a conservative strategy for generating income.
What Is a Covered Call?
A financial transaction known as a "covered call" occurs when a call option seller also holds an equivalent quantity of the underlying securities. An investor who has a long position in an asset can then carry out this strategy by writing (selling) call options on that same asset to create an income stream. Since the seller can deliver the shares if the call option buyer decides to exercise, the investor's long position in the asset serves as the cover.
People who plan to own the underlying stock for a long time but do not anticipate a significant price gain in the near future frequently use covered calls.
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Disclaimer- The complete question is-
Darcy owns 5,000 shares of English Manor Properties. It is her belief that the company is unlikely to grow much over the next year. She is curious how he might generate some additional income from the position as English Manor pays a paltry dividend and asks about covered calls. You tell her that
A) Writing calls against her stock position is a conservative strategy for generating income.
B) Buy puts is the best hedge against this position.
C) Writing calls against her stock position is a conservative strategy but is ineffective for generating income.
D) Selling covered calls is very aggressive but has a solid chance of generating substantial income.
to achieve enhanced motivation, a marketer may try to enhance the relevance of a brand by doing what?
A marketer might use a suspenseful element to increase the relevance of a brand in order to achieve increased motivation.
Describe brand relevancy.The capacity of a brand to appeal to consumers' emotions and establish a personal connection with them is known as brand relevance. Customers express their feelings, not their thoughts, as in the phrases "watching Netflix makes me feel amazing," "driving a Tesla makes me feel brilliant," and "purchasing at Whole Foods I feel responsible because of the market.
You will gain from your brand's relevance in a number of different ways. Your business will continue to expand and make money since it will cut client acquisition expenses and raise customer lifetime value.
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which combination of resource similarity and market commonality results in the least intense competition? a. high resource similarity, high market commonality b. low resource similarity, high market commonality c. low resource similarity, low market commonality d. high resource similarity, low market commonality
The answer is a) High resource similarity, low market commonality. combination of resource similarity and market commonality results in the least intense competition .
When a company and its rival both serve the same market, this is referred to as market commonality. For instance, businesses compete for access to capital in the financial sector (resource similarity) and for access to customer groups in the food sector.
Any pair of competitors can benefit from a framework for competitor analysis that combines resource similarity and market commonality. High resource similarity and low market commonality lead to the lowest level of rivalry between rivals.
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Salt foods purchases forty $1,000, 7%, 10-year bonds issued by pretzelmania, incorporated, for $37,282 on january 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt foods receives interest semiannually on june 30 and december 31.
The market interest rate for bonds of similar risk and maturity is 8%. Salt foods receives interest semiannually on june 30 and December 31. The appropriate journal entry is: Debit Investment $37,282, Credit Cash $37,282.
How to prepare the journal entry?a. Debit Investment $37,282
Credit Cash $37,282
(To record the purchase of bonds)
b. Debit Cash $1,400
[($1,000 × $40) × 0.07 × 6 ÷ 12)]
Credit Investment $91
Credit Interest revenue
($37,282 ×8% × 6 ÷ 12) $1,491
(To record semi- annual interest revenue)
Therefore the entry is the appropriate journal entry is: Debit Investment $37,282, Credit Cash $37,282.
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The complete question is:
Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt Foods receives interest semiannually on June 30 and December 31.
Record the investment in bonds.2. Record receipt of the first interest payment on June 30.
an erp system helps facilitate decisions affecting the entire organization or business units because it
An ERP system helps facilitate decisions affecting the entire organization or business units because it integrates data.
An Enterprise resource planning (ERP)system is a type of spreadsheet system that helps arrangings mechanize and survive center trade processes for optimum performance. For example, in supply chain manufacturing, an ERP plan keeps as a matter of usual practice running a monetary study and predicting future stock needs to maintain stock at an active level.
Enterprise resource planning (ERP)system is secondhand by arrangements revere accomplish their trade functions within a concentrated and joined method. ERP is usually secondhand by parties working inside the supply chain to help listen to all the exciting parts of production and classification.
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elk city utility recently paid a dividend of $3.73 per share. dividends are expected to grow at a rate of 3.60%. elk city stock currently sells for $37.95 per share. if you were on the utility regulatory commission, what rate of return would you allow elk city to earn? (round your answer to 2 decimal places.)
The rate of return that Elk City Utility should earn, given the dividends and the stock price is 13. 78%
How to find the rate of return?When given the dividends, the growth rate of the dividends, the selling price of the stock, you can find the rate of return by using the Dividend Discount model which is:
Price of stock = Next dividend / ( Rate of return - Growth rate )
The next dividend is:
= Current dividend x ( 1 + dividend growth rate)
= 3. 73 x ( 1 + 3.60 %)
= $3. 86428
The rate of return is:
37. 95 = 3. 86428 / ( Rate of return - 3. 60%)
( Rate of return - 3. 60%) x 37. 95 = 3. 86428
Rate of return = 3. 86428 / 37. 95 + 3. 60%
Rate of return = 13. 78%
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in order to put a marketing concept into practice, you need a for performing two tasks, including selecting a target market.
You must complete two tasks in order to put a marketing concept into practice, including choosing a target market and option c. marketing plan.
A marketing strategy is a long-term plan for achieving business goals through an awareness of customer needs and the creation of a distinctive competitive advantage. It covers everything, from deciding which channels to use to reach your clients to calculating
Simply put, a marketing strategy outlines your company's objectives, including who your ideal clients are and how you plan to reach them. It serves as your strategy and a general guide for the marketing actions you will do to expand your company over the ensuing months and years.
It's critical to focus on customers' needs and wants when developing marketing strategies so that they satisfy both their needs and the organization's goals.
The options for the question are:
a. marketing scheme
b. marketing plan
c. marketing strategy
d. marketing mix
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which of the following is a benefit of telecommuting? a) poor work collaborations b) diminished productivity c) ability to hire from a tiny talent pool d) more cost effective
Telecommuting is more cost effective rather than expensive in order to raise productivity. Option D is correct.
What is Telecommuting?The practice of carrying out job tasks remotely using a computing device system and internet connection is known as telecommuting (also known as teleworking).
Some of the optimal benefits accounted due to use of telecommuting such as:
A rise in productivity.Therefore among all options given here option of more cost effective benefit is suitable for telecommuting.
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you borrowed $19,000 from a friend and promised to pay the loan in 12 equal annual installments beginning one year from the date of the loan. your friend would like to be reimbursed for the time value of money at an 11% annual rate. what is the annual payment you must make to pay back your friend?
The annual payment one must make to pay back his friend is $2,926.35
A borrower receives money from a lender in a loan transaction, and they agree to return the loan and interest over time. The present value of the payments the borrower will make constitutes the loan amount. We, therefore, use the time value of money concept to calculate the payments, and the variables required are the interest rate and loan life.
Loan = $19,000
n =12 instalments
r =11%
Using the formula we get the following:
Payment = (Loan*r)/1 - (1+r)^-n
= 19000*0.11/1 - (1+0.11)^-12
= 2090/1 - (1.11)^-12
= 2090/1-0.2858
= 2090/0.7142
= $2926.35
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the relationship between the factors of production used by a firm and the maximum output possible is called the
In economics, a factor of production, resource, or input is what is used in a production process to produce products, i.e. goods or services.
The amounts of various inputs used determine the amount of output according to a relationship known as the production function. The relationship between the inputs a firm uses and the maximum output it can produce with those inputs is called the firm's production function. Factors of production are outputs or inputs used to produce goods and services. They are the resources a business needs to make a profit by producing goods and services. Factors of production fall into four categories: Land, Labor, Capital, Entrepreneurship.
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enhancing/modifying service delivery vehicles to match specific customer needs falls under which component of crm infrastructure
To better serve specific consumer needs, service delivery vehicles may be improved or modified. belongs to the category of crm infrastructure. administration of the content and personalization.
A tool known as customer relationship management (CRM) is used to handle all interactions and relationships between your business and its clients. The objective is straightforward: strengthen business ties to expand your company.
Customer relationship management is known as CRM. It's a piece of technology used to control communications with current and potential clients. Organizations can increase sales, enhance customer service, and boost profitability by using a CRM system to develop customer relationships and streamline procedures.
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which of the following should a retailer implement in its retail format to reduce markdowns? multiple choice question. sell merchandise to other retailers at a deep-discounted price. purchase merchandise in large quantities. create a feeling of product scarcity among customers. seldom change the displayed products on the selling floor.
Retailers should create a feeling of product scarcity among customers to reduce markdowns.
In advertising, a product is an object, or system, or service made available for consumer use as of the patron demand; it is whatever that can be offered to a marketplace to satisfy the desire or want of a customer.[1] In retailing, products are often called merchandise, and in production, merchandise are sold as raw materials after which offered as finished items. A carrier is also regarded as a form of product. Commodities are usually uncooked materials consisting of metals and agricultural merchandise, but a commodity also can be anything extensively available within the open marketplace. In undertaking management, products are the formal definition of the challenge deliverables that make up or make contributions to delivering the objectives of the undertaking. A associated idea is that of a sub-product, a secondary but useful end result of a production technique.
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1. Suppose a business stores hazardous chemicals in leaky containers in a warehouse. Part
of the emergency exit is blocked with the barrels, but a strong employee volunteers to
move them in case of an emergency. Who needs to be notified? Why?
Answer:
probably notify who ever is in charge of the place before moving the leaky containers around, tell them its dangerous that the emergency exist is blocked and ask them to get a professional to move those chemicals asap.
Explanation:
just in case those chemicals turn the place very toxic and deadly.
In the given case, the safety in charge of the place needs to be notified in order to maintain the situation and avoid any loss.
What is business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
In the given case, it is explained that a company keeps dangerous chemicals in a storeroom in leaky containers. The barrels are obstructing a portion of the emergency exit, but a strong employee offers to move them in case of an emergency.
It is required to notify the security head or security in charge of a particular place and asks them to take a particular action in order to control the situation and avoid any risky loss of human life or property.
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below are four reasons for misunderstandings in communication. which one is not a reason for semantic misunderstandings?
Answer:When people give a word or phrase multiple meanings, semantic misunderstandings result. There are four common categories of semantic misunderstandings: equivocations, relative language, abstraction, and bypassing
status is not considered a semantic misunderstanding
Explanation:
When people mistakenly believe they understand one another but fail to grasp the other's meaning, this is known as bypassingSome words have a closer connection to an idea or notion than others. it can help in differentiating a word from several possibilities called abstracting.The language that gains meaning, by comparison, is said to be relative language. When people assign meanings to words based on their individual experiences, semantic misunderstandings result.Equivocations are statements that can be understood in two or more different ways.Which point of the business cycle represents a peak? b c d e
The correct answer is A. Consumption reaches its highest point, and then supply begins to fall.
Various economic indicators reach their highest point in the peak month, which is followed by a sharp fall in economic activity. Similar events occur when economic activity reaches a low point and then gradually picks up again. The final month before numerous important economic indicators, such as employment and new housing starts, start to decline, is referred to be the cycle's peak. Real GDP spending is now at its highest position in the economy. Approximately or roughly at the same time as the economy, coincident indicators move or change (i.e. these indicators rise as aggregate economic activity rises and fall as aggregate economic activity falls). The economy enters the peak phase when it reaches its highest level of output, which marks the end of the growth.
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Complete Question:
Which point of the business cycle represents a peak? b c d e
The business cycle figure is attached.
what is niche marketing? select one: a. a relatively small group of consumers within a segment that has a distinctive set of needs or seeks very specific benefits. b. a large group of heavy users who are loyal to a brand because it provides value at a relatively low price c. a market segment that is served by many firms and is characterized by high levels of competition d. a market segment that is characterized by high sales volumes and low prices
A) A niche market is a segment of consumers with a relatively limited number of customers who have unique demands or goals.
What does niche marketing mean?Often, niche marketing is simpler than advertising to a large audience. Niche audiences have very particular requirements and desires. A company that only sold handbags, for instance, would have to cater to a wide range of preferences and standards.
However, a company that sells handbags for new mothers that double as diaper bags has a lot more focus. Tools like Face-book ad targeting and social media monitoring have made niche marketing simpler as well.
Companies can speak directly to their audience by using niche marketing to understand the particular needs of that audience. Since niche marketing is all about forming the right connections, numerous social media platforms have improved their niche-specific targeting capabilities.
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what amount will be paid in full settlement of invoice 22392, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period.
The amount which will be paid in full settlement of invoice 22392, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period is $7,176.
Discount = (Purchases - Returns) * Discount %
Discount = ($7,650 - $450) * 2%
Discount = $144
Net payment = Purchase - Returns - Discount + Shipping cost
Net payment = $7,650 - $450 - $144 + $120
Net payment = $7,176
Payment and settlement are two different things; payment settles a debt by exchanging money, transferring money, or exchanging products; settlement settles a debt in whole or in part by using modifications and write-offs. The account balance is zero once all balances have been paid in full or settled.
The customer must receive a cash refund or an account credit for the overpaid invoice in order for there to be invoice settlement and a zero balance to result. Both the payer and payee may settle the invoice after receiving the vendor's refund or account credit for the overpayment on the invoice.
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Disclaimer- The complete question is-
What amount will be paid in full settlement of Invoice 22392, assuming that credit for returns and allowances was received prior to payment and that the invoice was paid within the discount period.
Inv. No. = 22392
Merchandise = $7,650
Freight Paid by Seller = $120
Freight Terms = FOB Shipping Point,1/10, net 45
Returns and Allowances = $450
true or false? advertising, public relations, and campaigns are best described as the promotion component of the marketing mix.
The statement is True. Advertising, public relations, and campaigns are best described as the promotion component of the marketing mix.
A marketing mix includes a couple of regions of focus as a part of a comprehensive marketing plan. The term regularly refers to a not unusual category that commenced as the four PlayStation: product, charge, placement, and merchandising. Effective advertising and marketing touch on an extensive range of areas as opposed to fixating on one message.
Facilitates recognizing what your services or products can offer to your customers. Helps plan a successful product presentation. Helps with making plans, and developing and executing effective advertising techniques. Allows groups to employ their strengths and keep away from pointless costs.
The advertising mix is the set of controllable, tactical marketing gear that an enterprise makes use of to provide the desired response from its goal marketplace. It includes everything that a business enterprise can do to steer demand for its product. It is also a tool to help to advertise making plans and execution.
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a common law rule known as the requires that the seller deliver goods in conformity with the terms of the contract, down to the last detail.
According to The Perfect Tender Rule, a common law principle, the seller must provide the goods in accordance with the contract's conditions.
A buyer is allowed to reject goods shipped or delivered to it from a seller if the seller's tender of the goods is in some way imperfect, according to Article 2 of the Uniform Commercial Code, which deals with the sale of goods.
According to the perfect tender rule, in order for the buyer to be obligated to accept and pay for the goods, the seller must deliver goods that are perfectly in compliance with the customer's requirements.
The buyer is not free to reject any tender they choose. Compare the substantial performance doctrine, which is used in non-UCC situations, with the perfect tender rule, which governs the sale of goods under the Uniform Commercial Code.
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