1. The research and development (R&D) department, often thought of as the of an organization, is staffed with teams of smart engineers and scientists who research new technologies and find new ways to improve the companyâs products, or tangible goods.
2. The most common functions of a business include research and development, production, , marketing, finance, and human resources.
3. The goal of extractive companies is to âextractâ the (2 words) that other businesses can use to build their products.
4. There are also some cases where a business may hire another company to complete a task on their behalf. This is known as , and itâs prevalent in both service-based and product-based companies.
5. The five main marketing concepts are the product concept, concept, selling concept, marketing concept, and societal concept.
6. The concept states that businesses should balance their corporate mission with social welfare.
7. The more information a business collects, the better it becomes at with its customers.
8. covers how businesses make their products available to customers. Companies can decide whether they want to sell online, oversees, or at local retail outlets.
9. All of these companies do extensive research to figure out what people want and then come up with creative marketing messages to attract customers. This entire processâfrom research to implementationâis known as the (2 words), and it has five main steps.
10. The marketing process: Step 1 - Creating a Mission, Step 2 - Analyzing the Situation, Step 3 - Creating a Marketing Plan, Step 4 - Developing the Marketing Mix, Step 5 -
Answers: 3
Business, 21.06.2019 19:20
In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4â0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times Ăp and the supply equation is qsequals=nothingplus+nothing times Ăp.
Answers: 2
Business, 21.06.2019 21:20
Abakery wants to determine how many trays of doughnuts it should prepare each day. demand is normal with a mean of 5 trays and standard deviation of 1 tray. if the owner wants a service level of at least 95%, how many trays should he prepare (rounded to the nearest whole tray)? assume doughnuts have no salvage value after the day is complete.
Answers: 2
Business, 22.06.2019 11:30
Which of the following is not an example of one of the four mail advantages of prices on a free market economy
Answers: 1
1. The research and development (R&D) department, often thought of as the of an organization, i...
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