Compared with other approaches to business the marketing concept is distinct in that it Top of Form 2 A company september 2023

Knowledge Check 100% Correct : BUS 475 Week 2
Compared with other approaches to business, the marketing concept is distinct in that it Top of Form 2. A company provides its advertising agency with a statement about a new product to use in designing an advertising campaign, and this statement includes a description of the target market, the product type, the primary benefits of using the product, and how this product is different from, and better than, competitive products. What type of statement is this? Top of Form 3. The sales analysis of a product revealed that profits were highest when it was initially introduced into the market with a high selling price. However, the price was gradually reduced as it started facing competition as substitutes entered the market. This is an example of a(n) Top of Form 4. Blending the firm’s promotion efforts to convey a complete and consistent message is the goal of Top of Form 5. According to the concept of social responsibility, a firm has a duty to Top of Form 6. The principal participants in the financial markets are Top of Form 7. You just purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment, how much will you sell the land for in 10 years? Note. Due to rounding and method of calculation, your answer might vary slightly. Choose the closest answer. Top of Form 8. Bull Gator Industries is considering a new assembly line costing $6,000,000. The assembly line will be fully depreciated by the simplified straight line method over its 5-year depreciable life. Operating costs of the new machine are expected to be $1,100,000 per year. The existing assembly line has 5 years remaining before it will be fully depreciated and has a book value of $3,000,000. If sold today the company would receive $2,400,000 for the existing machine. Annual operating costs on the existing machine are $2,100,000 per year. Bull Gator is in the 46 percent marginal tax bracket and has a required rate of return of 12 percent. Calculate the net present value of replacing the existing machine. Note. Due to rounding and method of calculation, your answer might vary slightly. Choose the closest answer. Top of Form 9. A strong stock market and reasonably good earnings have caused the price of the firm’s common stock to increase by 25%. Top of Form 10. Buying and selling in more than one market to make a riskless profit is called Top of Form 11. The United States imposes substantial taxes on cigarettes but not on loose tobacco. When the tax on cigarettes went into effect, the demand for home cigarette rolling machines most likely Top of Form 12. Keynes believed that an increase in savings would Top of Form 13. Which of the following monetary policies reduces aggregate demand and output? Top of Form 14. Deficits may be desirable in the short run if they Top of Form 15. If for a country, the quantity of its currency demanded exceeds the quantity supplied, then there is a Top of Form 16. Suppose that college tuition is higher this year than last year and that more students are enrolled in college this year than last year. Based on this information, we can best conclude that Top of Form 17. Economic efficiency is achieved at a particular output level if Top of Form 18. A perfectly competitive firm will be profitable if price at the profit-maximizing quantity is above Top of Form 19. How are goods manufactured in other countries creating jobs in the United States? BUS/475 Week 1 Knowledge Check BUS/475 Week 2 Knowledge Check BUS/475 Week 2 Business Model and Strategic Plan Part I: Conceptualizing a New Product or Service Division of an Existing Business BUS/475 Week 3 Business Model and Strategic Plan Part II: SWOTT Analysis Paper BUS/475 Week 4 Knowledge Check BUS/475 Week 4 Business Model and Strategic Plan Part III: Balanced Scorecard and Communication Plan BUS/475 Week 5 Final Business Model and Strategic Plan

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