Part-A: Case Study
Read the Chapter Case Study "A Flood of Water Consumption Choices" from Chapter No- 1 "Overview of Marketing" Page: - 24 and 25 given in your textbook/E-book – "Marketing" (8th ed.) by Dhruv. Grewal and Michael Levy (2022) and answer the following Questions:
Q1. Describe three distinct target markets for drinking water. How does marketing create value for each of these segments using the four Ps: product, price, place, and promotion? (2.5 Marks)
(I need unique answer)
Answers
Three distinct target markets for drinking water can be identified as follows:
1. Health-conscious consumers: This target market consists of individuals who prioritize their health and well-being.
creates value for this segment by offering purified and mineral-rich drinking water products that promote hydration, detoxification, and overall health. The four Ps are utilized as follows:
2. Eco-conscious consumers: This target market consists of individuals who are concerned about environmental sustainability and prefer products with minimal ECOLOGICAL impact. Marketing creates value for this segment by offering eco-friendly and sustainable drinking water s. The four Ps are utilized as follows:
- Promotion: Marketing campaigns emphasize the ecological benefits of the drinking water, highlighting its sustainable packaging, responsible sourcing, and contribution to reducing plastic waste.
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Related Questions
83. Unique outcomes are:
a. therapeutic successes
b. part of problem-saturated stories
c. entry points for exploring alternative stories
d. all of the above
Answers
d. all of the above. Unique outcomes are: therapeutic successes, part of problem-saturated stories, and entry points for exploring alternative stories.
Unique outcomes can refer to therapeutic successes, as they represent instances where individuals or families have deviated from problem-saturated stories and achieved positive change. They can also be seen as part of problem-saturated stories because they challenge the dominant narrative of the problem and offer alternative perspectives.
Additionally, unique outcomes serve as entry points for exploring alternative stories, allowing for new possibilities and ways of understanding and addressing the issue at hand. Therefore, all of the options mentioned (a, b, and c) are accurate descriptions of unique outcomes
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A new product costs $.84 each to manufacture and 5.52 each to market. If 50,000 will be sold, what must the price of each product be to provide a profit of 15 percent of the price? O $1.48 O $51.60 O $1.86 O S1.36 O $1.75
Answers
The price of each product must be $1.86 to provide a profit of 15 percent of the price.
To calculate the price of each product, we need to consider the manufacturing cost, marketing cost, and the desired profit margin.
Given:
Manufacturing cost = $0.84
Marketing cost = $5.52
Quantity sold = 50,000
Desired profit margin = 15% of the price
Let's assume the price of each product is P.
Total cost = (manufacturing cost + marketing cost) * Quantity sold
Total cost = ($0.84 + $5.52) * 50,000
Total cost = $6.36 * 50,000
Total cost = $318,000
Profit = Price - Total cost
Profit = 0.15 * Price
Setting the profit equal to the desired profit margin:
0.15 * Price = Profit
0.15 * Price = 0.15 * Price
0.15 * P = P - $318,000
0.15P = P - $318,000
0.85P = $318,000
P = $318,000 / 0.85
P ≈ $374,117.65
Therefore, the price of each product must be approximately $1.86 to provide a profit of 15 percent of the price.
To achieve a profit of 15 percent of the price, the price of each product should be set at $1.86.
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Crown Holdings Inc. manufactures a high-resolution, full-color digital inkjet printed cans that allows smaller beverage producers to label the cans as they are needed to be filled rather than keeping a stock of preprinted cans. This is an example of how a beverage company could use:
Answers
Answer:
Just-in-time (JIT).
Explanation:
In this scenario, Crown Holdings Inc. manufactures a high-resolution, full-color digital inkjet printed cans that allows smaller beverage producers to label the cans as they are needed to be filled rather than keeping a stock of preprinted cans. This is an example of how a beverage company could use just-in-time.
Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
It is an inventory management system that is adopted by companies to reduce wastage to the barest minimum and to increase operational efficiency as goods, materials and labor are scheduled for arrival when needed in the production line. Consequently, this would help to reduce or cut costs associated with storage of materials and inventory costs.
Between the 1960s and 1970s, The concept of just-in-time was developed by Toyota in Japan.
Additionally, in order to maximize the benefits of the just-in-time method, it is very important and essential that their is a proper synchronization between the manufacturer (small beverage producers) and the supplier (Crown Holdings Inc.); manufacturing cycles and the delivery of goods, materials and labor.
How the classification of products is helpful to marketers?
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Classifying products into meaningful categories helps marketers decide which strategies and methods will help promote a business's product or service.
What is the importance of classifying products?
Products are divided into four divisions mostly according to customer buying habits, brand similarity to competitors' brands, and price range. By classifying their products, marketing personnel can develop strategies that specifically address the wants of consumers.
To assist in creating a selling strategy, marketing professionals classify all consumer items into four categories: convenience, shopping, specialty, and unsought.
The classification of products using the proper commodity code is the first and arguably most important step in the import management process. These codes give customs agents information on the importation of goods, their acceptability, and any potential taxes that may be due. Importers who improperly classify their goods are in violation of the law.
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Fire sprinkler protection systems must be inspected, tested, and regularly maintained in California. Assume 8% of inspected fire sprinklers must be repaired or replaced upon inspection. A random sample of four hundred fire sprinklers in a large manufacturing facility are inspected. What is the (approximate) probability that more than 50 fire sprinklers will need to be repaired or replaced?
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The probability that more than 50 fire sprinklers will need to be repaired or replaced is 0.0006.
The probability that more than 50 fire sprinklers will need to be repaired or replaced is 0.0008. To approximate this probability using the normal distribution, we can calculate the mean value as 32 (which is 8% of 400), and the standard deviation (σ) as the square root of npq, which is the square root of 31.36, resulting in 5.6.
Next, we can calculate the Z-score by subtracting the mean (32) from the desired value (50) and dividing it by the standard deviation (5.6), giving us a Z-score of 3.21.
The probability that less than or equal to 50 sprinklers are faulty is equivalent to the probability that the Z-score is less than or equal to 3.21. This probability can be obtained from the z-table and is approximately 0.9994.
To find the probability that more than 50 fire sprinklers will need to be repaired or replaced, we take the complement of this probability, which is 1 - 0.9994 = 0.0006.
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list out the tasks of an overseer.
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Answer:
Mentor, coach, monitor and supervise communities throughout the shelter construction process. Provide technical assistance to households involved in shelter construction. Coordinate with counterparts in other PIN's areas of operation, ensuring exchange of lessons learnt and good practices
Explanation:
radoski corporation's bonds make an annual coupon interest payment of 6.55% every year. the bonds have a par value of $1,000, a current price of $850, and mature in 10 years. what is the yield to maturity on these bonds?
Answers
To calculate the yield to maturity on these bonds, we first need to determine the total amount of interest paid over the life of the bond. Total return on the bond is $655 (total interest) + $150 (discount) = $805.
Since the annual coupon interest payment is 6.55% and the par value is $1,000, the bond will pay $65.50 in interest each year. Over the 10-year life of the bond, the total amount of interest paid will be $655.
Next, we need to calculate the total return on the bond, which takes into account both the annual interest payments and any gain or loss in the bond's price. Since the bond's current price is $850 and its par value is $1,000, there is a discount of $150. This means that if the bond is held to maturity, the investor will receive $1,000 but only paid $850 to purchase the bond. Therefore, the total return on the bond is $655 (total interest) + $150 (discount) = $805.
Finally, we can use a financial calculator or a spreadsheet to solve for the yield to maturity, which is the rate of return an investor would receive if they held the bond to maturity and reinvested all interest payments at the same rate. Using these calculations, we find that the yield to maturity on these bonds is approximately 8.31%.
In summary, the yield to maturity on Radoski Corporation's bonds with a par value of $1,000, a current price of $850, and a 6.55% annual coupon interest payment, maturing in 10 years is approximately 8.31%.
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What is the amount of cash sherriane paid to employees during the reporting period if its salaries payable increased by $5.2 million?
Answers
Salary expense = $5.7 million
Salaries payable increase = $6.6 million
cash paid to employees = Salary expense - Salaries payable increase
= 5.7 - 6.6
= $-0.9
Salaries payable is a kind of entry in commercial enterprise accounting journals that describes how a good deal a company owes its employees. Accounting experts or managers file salaries payable once they owe revenue to pay to their personnel, but haven't dispensed the money yet.
Salary payable is a modern legal responsibility account containing all the balance or unpaid wages at the end of the accounting length. the amount of income payable is suggested in the balance sheet at the quit of the month or 12 months, and it is not stated within the income statement.
Salaries payable is a liability account that contains the quantities of any salaries owed to employees, which have not been paid to them. The balance within the account represents the salaries liability of a business as of the balance sheet date.
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Grace has a net spendable income of $1,700 per month. She decides to check her expenses for the previous month and adjust her budget.
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With an income of $1,700 per month, Grace is going to be over budget. The correct answer is A.
Grace is going over budget because her expenses are greater than her net spendable income. Her net spendable income is $1,700 per month, and her expenses total $1,859 per month. She has increased her expenses in the categories of food, entertainment, clothing, savings, and medical by $50, which is resulting in her going over budget. Even though she has adjusted her budget in some categories, the overall expenses are still higher than her net spendable income.
It's important to note that she has also reduced her debt expenses by $25, but that's not enough to cover her increased expenses in other categories. She should look into cutting down her expenses in the other categories or increasing her income to balance her budget and avoid going over budget.
This question is incomplete and also should be provided with answer choices as follows:
Grace has a net spendable income of $1,700 per month. She decides to check her expenses for the previous month and adjust her budget. Expenses Housing $510 Food $204 Transportation $255 Insurance $51 Debts $0 Entertainment $85 Clothing $85 Savings $85 Medical $0 Miscellaneous $85 Grace then adjusts her budget for her main expense categories. Old Budget New Budget Housing $510 Housing $510 Food $204 Food $254 Transportation $295 Transportation $295 Insurance $51 Insurance $51 Debts $25 Debts $0 Entertainment $85 Entertainment $100 Clothing $85 Clothing $100 Savings $85 Savings $100 Medical $85 Medical $0 Miscellaneous $85 Miscellaneous $100.
Evaluate Grace's new budget:
A. She is going over budget.B. She is putting less than the recommended percentage of her income into the savings category.C. She is putting the minimum recommended percentage of her income into all categories except debt.D. She is putting less than the recommended percentage of her income into the clothing, medical, and miscellaneous categories.The correct answer is A.
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Explain why socialist societies do not use a circular flow chart.
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if an inspection must be conducted on a contract post office operated from a privately-owned building, who has jurisdiction to inspect this facility?
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If an inspection must be conducted on a contract post office operated from a privately-owned building, Local Fire department has jurisdiction to inspect this facility.
What is jurdisiction?The legal word for a court's power to hear cases and render decisions is jurisdiction. A constitutional foundation underlies this power. Appellate jurisdiction, concurrent jurisdiction, and federal jurisdiction are a few examples of judicial jurisdiction.
Appellate jurisdiction is the ability of a superior court to remedy legal errors committed by a lower court (as opposed, for example, to state jurisdiction). In a certain region, a court may also be allowed to do business. In the United States, only minor offenses can be prosecuted using summary jurisdiction, in which a magistrate or judge has the authority to conduct processes that end in a conviction without a jury trial.
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Which of the following behaviors are expected with low-context cultures in Stages 1 or 2 of the negotiation process? a. Briefly exchange social niceties b. Long presentations to become acquainted c. Give careful attention to age and rank of other negotiators d. Will solicit extensive information about other negotiators and their company
Answers
The most likely behavior expected in low-context cultures in Stages 1 or 2 of the negotiation process is to solicit extensive information about the other negotiators and their company.
Low-context cultures are cultures that rely on explicit communication. This means that they are more direct and less likely to rely on nonverbal cues or context to convey meaning. In a negotiation, this would mean that low-context cultures would be more likely to ask direct questions and solicit extensive information about the other party. They would also be less likely to engage in small talk or social niceties.
The other options are not as likely to be expected in low-context cultures. Option a, briefly exchanging social niceties, is more likely to be seen in high-context cultures.
Option b, long presentations to become acquainted, is not necessary in low-context cultures, as they are more direct and less likely to rely on nonverbal cues.
Option c, giving careful attention to age and rank of other negotiators, is also not as important in low-context cultures, as they are more focused on the content of the negotiation rather than the status of the other party.
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Why research proposal often gets rejected?
Give me at least 5 reason why?
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cheating sneaking trust grown enough men and women
What is the purpose of advertising?
To make people want the things they do not have.
To expand the marketplace to a wider audience.
To explain to people the cost and risks of owning products.
To allow people to make choices about what is available.
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It should be noted that the purpose of advertising is to expand the marketplace to a wider audience.
Advertising can be regarded as marketing strategy that is been utilized by organization and firms to promote their products and services.
It involves using media and other means to make the public aware about the products or services.
We can conclude that advertising is done on the purpose of making marketplace to a wider audience so that more people can patronize.
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Answer: To make people want the things they do not have.
Explanation:
The purpose of advertising is to make people want things they don’t have
What competitive advantage does Apple use?
Answers
One of Apple's competitive advantages is its strong brand reputation and customer loyalty. Apple has successfully cultivated a brand image that is associated with high-quality, innovative, and user-friendly products.
This has helped the company to create a loyal customer base that is willing to pay a premium price for Apple products. Another advantage is Apple's focus on design and aesthetics. Apple products are known for their sleek and stylish designs, which have become important to the company's brand identity. This design focus has helped Apple differentiate its products from competitors and attract customers who value aesthetics and design.
Apple's ecosystem is also a competitive advantage. Apple has developed an ecosystem of hardware, software, and services that work seamlessly together, creating a cohesive user experience. This ecosystem helps to keep customers within the Apple ecosystem and makes it difficult for them to switch to competing products.
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Those who wrongfully disclose individually identifiable health information can be fined up to what amount per calendar year?
a. $50,000
b. $250,000
c. $500,000
d. $1,500,000
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Those who wrongfully disclose individually identifiable health information can be fined up to $1,500,000 per calendar year.
What are the penalties of HIPAA violations?
HIPAA or The Health Insurance Portability and accountability Act of 1996 extends a lot of requirements to safeguard PHI or Protected Health Information amnd to strictly control when PHI is divulged.
The penalities extended for HIPAA violations are issued by the Department of Health and Human services, state attorney general and the office of civil rights.
The entities covered are asked to adopt a corrective action plans for the procedures and policies upto the given standards which is demanded by HIPAA
The minimum fine for willful violations of HIPAA Rules is $50,000
Those who wrongfully disclose individually identifiable health information can be fined up to $1,500,000 per calendar year.
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dan is an experienced accounting professional who values conservative and practical decisions. what would be the best way to communicate with him? a. ask him about his weekend and tell him about yours for 30 minutes before the meeting. b. collaborate with him on numerous ideas during the meeting. c. send him an email with minimal information asking him to make a decision prior to the meeting. d. give him factual evidence during a meeting so he can make a recommendation
Answers
Give him factual evidence during a meeting so he can make a recommendation would be the best way to communicate with him.
Option D is correct.
Professional accountants:A professional who carries out accounting tasks like account analysis, auditing, or analyzing financial statements is referred to as an accountant. Accounting firms or large corporations' internal account departments employ accountants. Additionally, they may establish their own distinct practices.
What does a professional accountant do?Business professionals who are accountants help with corporate strategy, give advice, and help businesses cut costs, boost their bottom line, and reduce risks. In business, professional accountants represent the interests of the company's owners—i.e., shareholders in a public company—as board directors.
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What is one request a borrower can make of a lender if they know they will never be able to pay their full debt?
A. The borrower can ask for fees and penalties to be eliminated.
B. The borrower can ask for a reduction of the interest rate.
C. The borrower can ask to be absolved of some of the debt.
D. The borrower can ask for the monthly payment to be reduced.
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The one request a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
What happens if the borrower fails to repay the loan?A loan is known to be a kind of money that is borrowed for a length of time and it is known to be a non-performing asset (NPA).
When the repayment is overdue, the lender can seize the asset of the borrower and when a borrower can make of a lender if they know they will never be able to pay their full debt is the borrower can ask for fees and penalties to be eliminated.
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Answer:
C. The borrower can ask to be absolved of some of the debt
Explanation:
2. Where does Steve Jobs’ power and influence come from?
Answers
Answer:
working with apple and creating the mac
Explanation:
When should a person proceed with a
choice in terms of marginal benefits
and cost?
O when the market is high
O when there is no difference
O when the benefits outweigh the
cost
Answers
Answer:
when the difference outweighs the cost
When users are asked why they did not participate in requirements specification for a new information system, some of the common responses include the following:
"I wasn’t asked."
"I didn’t have time."
"They were talking about a system that would be here in 18 months, and I’m just worried about getting the order out the door today."
"I didn’t know what they were talking about."
Identify strategies to address each statement above that should be used when identifying requirements for a new information system.
Answers
To address the common responses mentioned above and ensure effective participation in requirements specification for a new information system, the following strategies can be implemented
1. "I wasn't asked":
- Implement a proactive communication approach where all relevant stakeholders are informed and invited to participate in the requirements gathering process.
- Establish clear channels of communication, such as regular meetings, emails, or online collaboration platforms, to reach out to potential participants and gather their input.
2. "I didn't have time":
- Schedule meetings or workshops well in advance, allowing participants to allocate time for their involvement.
- Break down the requirements gathering process into smaller, focused sessions to minimize the time commitment for each participant.
- Provide clear agendas and objectives for each meeting, ensuring that participants understand the purpose and value of their contribution.
3. "They were talking about a system that would be here in 18 months, and I'm just worried about getting the order out the door today":
- Emphasize the long-term benefits of participating in the requirements specification process, such as improved efficiency, reduced errors, and enhanced user satisfaction.
- Highlight how the new information system can support current operational needs and streamline daily tasks, ultimately contributing to achieving short-term goals.
4. "I didn't know what they were talking about":
- Offer training or informational sessions to provide an overview of the new information system and its potential impact on the organization.
- Use clear and understandable language when discussing technical concepts, ensuring that participants have a solid understanding of the system's purpose and functionalities.
- Provide documentation or visual aids that explain the system's features and benefits in a user-friendly manner.
By implementing these strategies, organizations can address common barriers to participation and ensure that all stakeholders have the opportunity to contribute to the requirements specification process, resulting in a more comprehensive and user-focused information system.
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What are the major differences between a "Guarantor" of a contract and
an "Accommodation maker/drawer" in a negotiable instrument?
Answers
Answer:
a is the answer
Explanation:
A college-educated woman waits until age 32 before she has her first child because she wanted to establish her own business first. based on our studies of fertility rates, this woman is most likely a citizen of __________. a. a highly developed nation with an aging population b. an underdeveloped nation with a young population c. a nation with a high total fertility rate d. a nation where most citizens practice subsistence agriculture please select the best answer from the choices provided. a b c d
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What is the structure of Public corporation
Answers
Public corporate structures are managed by a board of directors. The members of the board are from all walks of industry and commerce. The chairmen of these corporations are appointed by the government. The entire capital is financed by the government.
ou want to be able to withdraw $30,000 from your account each year for 30 years after you retire. you expect to retire in 25 years. if your account earns 9% interest, how much will you need to deposit each year until retirement to achieve your retirement goals?
Answers
You need to deposit $6,142.49 each year until retirement to achieve your retirement goal of withdrawing $30,000 per year for 30 years after you retire.
To achieve your retirement goal, we need to deposit $3,244,167 / 25 = $129,766.68 annually for the next 25 years. The calculation for this can be done using the formula for the future value of an annuity:
\(FV = PMT x (((1 + r)^n - 1) / r)\)
where FV is the future value, PMT is the regular payment, r is the interest rate per period, and n is the number of periods. In this case, PMT is $30,000, r is 9%, and n is 30 years. We need to calculate the future value of the annuity, which will tell us how much we need to deposit annually to achieve our retirement goal. FV=
\($30,000 x (((1 + 0.09)^30 - 1) / 0.09)\)FV = $30,000 x 108.139 FV = $3,244,167
Note that this calculation assumes a constant interest rate of 9% over the entire period and does not take into account inflation or other factors that may affect the actual value of your savings over time.
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diego company paid $180,000 cash to acquire a group of items consisting of land appraised at $50,000 and a building appraised at $150,000. allocate total cost to these two assets and prepare an entry to record the purchase.
Answers
Answer:
Explanation: 1. 25%. 75%
180,000*25%= 45,000 180,000*75%=135000
2. Land 45,000
Building 135,000
Cash 180,000
The total cost to these two assets is 45,000 and 135000 respectively.
What is an asset?An asset is considered a resource of the business that has an economic value in the future to the business which helps business activities to take place smoothly.
This is referred to as owning the business to carry out natural functioning. Both fixed and current assets are included. In contrast to current assets, which include creditors and bill receivables, fixed assets include things like buildings, machinery, and land.
The asset turnover ratio is used to assess how well assets are utilized in any organization to create revenue. It says that the assets will generate more income and a higher asset turnover ratio.
Allocation of the total cost to these two assets
Explanation: 1. 25%.
180,000*25%= 45,000
Explantion for asset two = 75%
180,000*75%=135000
2. An entry to record the purchase is
Land 45,000
Building 135,000
Cash 180,000
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17. Lewis signed a contract for the rights to all timber located on Nine Mile Mine. He agreed to pay $70 per thousand board feet ($70/mbf). As he began work, Nine Mile became convinced that Lewis lacked sufficient equipment to do the job well and forbade him to enter the land. Lewis sued. Nine Mile moved for summary judgment. The mine offered proof that the market value of the timber was exactly $70/mbf, and Lewis had no evidence to contradict Nine Mile. The evidence about market value proved decisive. What is the issue
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on december 1, oren marketing company received $4,800 from a customer for a 2-month marketing plan to be completed january 31 of the following year. the cash receipt was recorded as unearned revenue. the adjusting entry for the year ended december 31 would include:
Answers
The adjusting entry for the year ended December 31 would include recognizing a portion of the unearned revenue as earned revenue since a portion of the marketing plan has been completed. The amount of revenue earned can be calculated as follows:
Total revenue earned = (Amount received ÷ Total duration of marketing plan) x Number of months completed In this case, the amount received was $4,800 and the total duration of the marketing plan was 2 months. By December 31, one month of the plan has been completed. Therefore, the amount of revenue earned would be: ($4,800 ÷ 2) x 1 = $2,400 The adjusting entry would be to debit unearned revenue for $2,400 and credit earned revenue for $2,400. This will update the accounting records to reflect the portion of the revenue that has been earned as of December 31.
Overall, the adjusting entry ensures that the financial statements accurately reflect the company's revenue for the period. It is important to recognize the revenue that has been earned, rather than simply recognizing the entire amount received as revenue. This provides a more accurate picture of the company's financial performance and ensures compliance with accounting principles.
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Pls help will mark brainleist
Answers
Answer:
D Values
Explanation:
If a business receives $5,000 on account from clients who owed money for services previously billed, identify the effect on the accounting equation:
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When a business receives $5,000 on account from clients who owed money for services previously billed, it has an impact on the accounting equation. The accounting equation represents the fundamental relationship in double-entry bookkeeping, where assets equal liabilities plus equity.
In this scenario, the effect on the accounting equation is as follows:
Assets: The cash account, which is an asset, increases by $5,000. This increase in assets reflects the amount received from the clients and is recorded on the balance sheet.Liabilities: There is no direct impact on liabilities. The transaction involves the collection of accounts receivable, which is a reduction in the amount owed by clients and not a liability.Equity: The equity remains unchanged as there is no direct impact on owner's equity or retained earnings in this transaction.To summarize, the effect on the accounting equation is an increase in assets by $5,000, while liabilities and equity remain unchanged. This transaction improves the business's liquidity and overall financial position.
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