assume that minneapolis’ sales by major market are: minneapolis market medical dental sales $ 300,000 100% $ 200,000 100% $ 100,000 100% variable expenses 180,000 60% 128,000 64% 52,000 52% contribution margin 120,000 40% 72,000 36% 48,000 48% traceable fixed expenses 33,000 11% 12,000 6% 21,000 21% market segment margin 87,000 29% $ 60,000 30% $ 27,000 27% common fixed expenses not traceable to markets 15,000 5% office segment margin $ 72,000 24% the company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. the campaign would cost $5,000. marketing studies indicate that such a campaign would increase sales in the medical market by $40,000 or increase sales in the dental market by $35,000. required: 1. how much would the company's profits increase (decrease) if it implemented the advertising campaign in the medical market? 2. how much would the company's profits increase (decrease) if it implemented the advertising campaign in the dental market? 3. in which of the markets would you recommend that the company focus its advertising campaign?
Answers
Implementing an advertising campaign in the medical market would increase the company's profits by $11,000, while implementing it in the dental market would increase profits by $7,600. Therefore, it is recommended for the company to focus its advertising campaign on the medical market as it yields a higher net increase in profit.
To determine the impact of the advertising campaign on profits, we need to analyze the changes in contribution margin and consider the associated costs. Here are the calculations:
1. Advertising campaign in the medical market:
Increase in sales: $40,000
Contribution margin for medical market: 40% ($40,000) = $16,000
Incremental fixed expenses (campaign cost): $5,000
Net increase in profit: $16,000 - $5,000 = $11,000
2. Advertising campaign in the dental market:
Increase in sales: $35,000
Contribution margin for dental market: 36% ($35,000) = $12,600
Incremental fixed expenses (campaign cost): $5,000
Net increase in profit: $12,600 - $5,000 = $7,600
3. Recommendation:
Based on the calculations above, the company's profits would increase more if the advertising campaign is implemented in the medical market. The net increase in profit would be $11,000 compared to $7,600 in the dental market. Therefore, the company should focus its advertising campaign on the medical market.
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Related Questions
What types of information does managerial accounting provide?
Answers
Managerial accounting gives internal users access to comprehensive financial and nonfinancial data for planning, controlling, and making decisions. uniformity in the collection and reporting of financial data.
What is Managerial accounting
Identification, measurement, analysis, interpretation, and communication of financial information to managers for the pursuit of an organization's objectives are all part of managerial accounting.
Because its intended use is to support users within the company in making informed business choices, management accounting differs from financial accounting.
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What are the remedial measures of unemployment in nepal?explain
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Meal interviews are used by companies as a means of seeing candidates in a more social setting and how they interact with restaurant staff. What is accepted etiquette for conducting yourself during a meal interview?
A.Pick a meal that is easy to eat while you’re talking
B. Focus on the meal so you’re not so hungry
C. If you need to leave the table during the meal, put your napkin on the table
D. Arrive at the restaurant at least 5 minutes prior to your interview time
Answers
Make sure to welcome everyone present at the meal interview. Introduce yourself, shake hands with everyone, and say hello.
What is meal interview?In this form of meal interview, the interviewer brings you to a restaurant for dinner where you talk during the course of the meal about the position and your qualifications. Job prospects may be taken out to dinner as part of the interview process so that interviewers can evaluate their interpersonal, communication, and general attitude abilities. It's important to keep in mind that the reason why the search committees invite candidates out to dinner is so they can get to know them better. They want to hire someone who will fit in with the department and be both a professional and socially appealing colleague. According to Amy Wolfgang, CEO of Austin, Texas-based Coaching 4 Good, hiring managers frequently do lunchtime interviews to get a better sense of your personality and how you behave in a relaxed environment.
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Which of the following combines a series of tasks into one new, broader job?a. Job simplificationb. Job enlargementc. Job rotationd. Job characteristicse. Job lay-off
Answers
The correct answer to your question is b. Job enlargement. Job enlargement combines a series of tasks into one new, broader job, which helps increase the variety of tasks and responsibilities for an employee.
The correct answer is b. Job enlargement. Job enlargement involves combining a series of tasks into one new, broader job, with the aim of increasing the scope of responsibility and variety of tasks performed by the employee. This is different from job simplification, which involves reducing the number of tasks performed by an employee, and job rotation, which involves rotating an employee through different jobs to provide variety and develop skills. Job characteristics refer to the different aspects of a job that impact employee motivation and satisfaction. Job lay-off is a separate concept that involves terminating an employee's job due to various reasons such as downsizing or restructuring.
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If a marketing team is deciding between using a direct mail marketing campaign or a social media marketing campaign, then where are they in stages of the planning steps?
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If a marketing team is deciding between using a direct mail marketing campaign or a social media marketing campaign they are at the sixth step: determining the promotional mix of which tools to use, when, and how much.
This is further explained below.
What is a marketing team?Generally, A marketing team is responsible for developing and putting into action plans to increase an organization's brand recognition as well as the sales of its goods or services.
Many times, marketing teams are comprised of a number of persons, each of whom has a unique set of abilities and duties, but all of whom work together to accomplish shared marketing objectives.
A promotional mix is a mixture of several marketing strategies, such as advertising, sales, public relations, and direct marketing, that are used to accomplish a certain marketing objective.
In conclusion, A marketing team that is now in the sixth phase of the process, which is selecting the promotional mix of which technologies to use, when to use them, and how much to use them, is debating whether or not to employ a direct mail marketing campaign or a social media marketing campaign.
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The societal marketing concept holds that ________. consumers will not buy enough of a firm's products unless the firm undertakes a large-scale selling and promotion effort a company's marketing decisions should focus on creating economic value in a way that also creates value for the surrounding environment the society will only favor products that are available and highly affordable achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do
Answers
The societal marketing concept holds that a company's marketing decisions should focus on creating economic value in a way that also creates value for the surrounding environment
Let understand that "Marketing" refers to actions taken by an organization to attract customers as well as building positive relationship to encourage future patronize of the offered goods and services.
The concept of Marketing is classified into five:
Production conceptProduct conceptSelling conceptMarketing conceptSocietal marketing concept.In conclusion, the societal marketing concept emphasizes the well-being of consumer and the society and "states" that an organization must know the needs and wants of the target market and then produce them effectively in a way that satisfy the consumer and the society at large.
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what are the two reasons liquidity risk arises? how does liquidity risk arising from the liability side of the balance sheet differ from liquidity risk arising from the asset side of the balance sheet? what is meant by fire-sale prices?
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Liquidity risk arises from asset and liability mismatches, and fire-sale prices refer to the prices at which assets are sold in a forced liquidation scenario.
Liquidity risk arises primarily for two reasonsAsset Liquidity Mismatch: When an institution holds assets that cannot be easily sold or traded in the market, or when the market for those assets becomes illiquid or volatile, it can be difficult for the institution to meet its obligations as they come due. In other words, the institution may not be able to sell these assets quickly enough to generate the cash needed to pay its creditors.
Liability Liquidity Mismatch: This occurs when an institution has to pay out funds to meet its obligations but does not have sufficient funds available in liquid form. This can happen when the institution relies too heavily on short-term funding sources, such as deposits or commercial paper, that can be withdrawn or not rolled over at any time.
Liquidity risk arising from the liability side of the balance sheet differs from liquidity risk arising from the asset side of the balance sheet in terms of the timing and nature of the cash flows involved. In the case of liability-side liquidity risk, the institution must make payments to its creditors, and the timing of these payments is typically outside of the institution's control.
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Advise someone on the implications of CPA on businesses
Answers
Answer:
Impact of the CPA on businesses
The main function of the Consumer Protection Act now is to protect consumers against product liability. Protection against product liability means that consumers are protected if the product they purchase from you is defective and causes further damage.
Explanation:
Hope it helps! Correct me if I am wrong :>
now that inspector mary knows what is written in bsg procedure, she goes to your unit to survey bsg statstrip meter, reagents and supply box. meter and supplies are clean and tidy. inspector mary observes 2 reagent vials without the discard dates written on them; select the following true statement.
Answers
The most probable true statement would be that Inspector Mary will issue a citation or warning for the missing discard dates on the reagent vials.
And instruct the responsible person in charge of the reagents to take corrective action to ensure compliance with regulations.
Inspector Mary should ask the responsible person in charge of the reagents to provide the discard dates for the vials without labels, and ensure that all reagents have clearly marked discard dates to ensure compliance with regulations.It is important for reagents to have clearly marked discard dates as they can affect the accuracy of test results and compromise patient safety if they are used past their expiration dates.
Inspector Mary should bring the issue to the attention of the responsible person in charge of the reagents and ask them to provide the missing discard dates for the vials without labels. Additionally, the responsible person should ensure that all reagents have clearly marked discard dates in accordance with regulations. This will help to maintain the integrity of the testing process and ensure that patients receive accurate results.
The answer is general as no options are provided.
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Which of the following statements concerning a monopolistically competitive industry is correct? Multiple Choice If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right. If there are short-run economic profits, firms will enter the industry and the demand curves of existing firms will shift to the right. If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the left. If there are short-run economic profits, firms will leave the industry and the demand curves of the remaining firms will shift to the right.
Answers
Answer:
If there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right.
Explanation:
Monopolistic competition can be defined as an imperfect competition where many producers or organizations sell differentiated products that are not perfect substitutes. Examples of firms or organizations engaging in a monopolistic competition are restaurants, shoes, clothing lines etc.
Generally, a monopolistic competitive market is characterized by the presence of large numbers of firm (producers) and a very low entry barrier.
Hence, in a monopolistic competition, firms have a degree of control over price, make independent decisions and can freely enter or exit the market in the long-run. Therefore, these firms combine elements of both monopoly and competition.
When a monopolistically competitive firm is in long-run equilibrium marginal revenue is equal to marginal cost (MR = MC) . This ultimately implies that in the long-run, firms engaging in monopolistic competitive market are often going to manufacture the quantity of goods where the marginal cost (MC) curve intersect with the marginal revenue (MR). Also, the price set would be greater than the minimum average total cost (ATC).
Thus, a monopolistic competitive producer has a highly elastic demand curve and firms would eventually break even in the long-run.
Hence, the true or correct statement concerning a monopolistically competitive industry is that, if there are short-run losses, firms will leave the industry and the demand curves of the remaining firms will shift to the right i.e there would be an increase in the demand for their products.
1.
50% of college students are spending up to $20 everytime they dine out.
Based on this number, do you think it's good for your budget to dine out
3x a week? Explain your reasoning.
|
I
Answers
Answer:
yes but also no because $60 a week is kinda alot of money for a college student who might not have a job but it is their choice and it depends if they make money
PLEASE, HELPPPPPPPPPPPPPPPPPPPPPPPP!!!!!!!!! I NEED THIS NOW, IT HAS TO BE 100 WORDS, PLEASE HELP. I WILL GIVE BRAINLEST AND 5 STAR RATING AND THANKS!!!
Using the information learned in Unit 4, create a company, including the creation of a product or service.
Next, create the advertising for that product or service to reach a target market. Advertising can include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a target market.
Finally, explain how you will use the elements of a marketing mix. Remember if you create a business that is an industry you need to use the 4P's (product, price, place, and promotion). If you choose to create a service business, you need to use the 7P's (product, price, place, promotion, people, process, and physical)
Answers
We have created a company called "FreshBites" that offers a subscription-based meal kit service delivering fresh and healthy meals to busy individuals and families.
FreshBites aims to target health-conscious individuals and families who value convenience without compromising on nutritious meals. The advertising campaign will include a combination of digital marketing strategies, such as social media ads, targeted email campaigns, and a visually appealing and user-friendly website showcasing the diverse menu options and customizable meal plans.
Partnerships with fitness influencers and health bloggers will help reach the target market. The marketing mix for FreshBites will encompass the 7P's, including product (meal kits), price (subscription plans at competitive prices), place (nationwide delivery service), promotion (digital advertising and influencer collaborations), people (knowledgeable customer service), process (seamless ordering and delivery process), and physical (high-quality ingredients and sustainable packaging).
This comprehensive approach will ensure effective marketing and customer satisfaction for FreshBites.
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If you have easy access to a computer, your job search efforts should be limited to the Internet. Please select the best answer from the choices provided
Answers
Answer:
false
Explanation:
Answer: false
Explanation:
during the introduction stage sales are ______ and profit is ______.
Answers
Product Life cycle Management has several stages. The stages determined the growth and low downs of product. During the introduction stage, sales are growing slow(low) and profit is minimal.
Market Introduction stage is often called the introduction stage that has a low growth rate of sales as the product is said to be recently brought into limelight and consumers may not know much about it.Most times, firms do experience losses rather than profits during this stage. and so when product is new on the market and small or no profit is made due to high costs and low sales.
Conclusively, the stage gives a lot of opportunities such as low competition in the market.
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In business, a specific commitment to achieve a measurable result within a stated period of time is called a ______.
Answers
In business, a specific commitment to achieve a measurable result within a stated period of time is called a goal.
What is business?
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
Every business are the specific goal are the commitment to the short and the long period of the time are the measurable of the goal. The goal are the aim of the company to achieve in the future.
As a result, the business are the to achieve a measurable result within a stated period of time is called a goal.
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an industry comprising a small number of firms, each of which considers the potential reactions of its rivals in making price-output decisions, is called group of answer choices monopolistic competition. oligopoly. pure competition. pure monopoly.
Answers
The potential reactions of its rivals in making price-output decisions, is called oligopoly.
What is oligopoly?An oligopoly is a market structure with a small number of firms, none of which can prevent the others from gaining significant influence. The degree of concentration measures the market share of the largest companies. An oligopoly is a situation where a few firms have significant control over a certain market. Together, these companies can control prices by colluding with each other, ultimately offering uncompetitive prices in the market.
Oligopolies are markets in which profit-maximizing competitors determine their strategies by paying attention to how their competitors are likely to respond. In these circumstances, companies can differentiate their products, which may benefit some consumers, but at a cost.
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Steve has worked 36 hours this week at $10/hour. On his last shift of the week he clocks in at 8:05 am and takes his lunch at 11:53. He comes back from lunch at 12:35 and clocks out at 4:56. How much will Steve's Gross Pay be?
Answers
Answer:
$441.5
Explanation:
Hours already worked = 36 hours
Rate = $10 / day
Number of hours worked on last shift :
8:05 - 11:53 = 3 hours 48 minutes
12:35 - 4:56 = about 4 hours 21 minutes
Total hours (3 hours 48) + (4 hours 21 minutes). = 8 hours 9 minutes
Hence, total hours worked that week :
36 hours + 8hours 9 minutes
44 hours 9 minutes
Rate = $10 / hour
(44*$10) + (9/60 * $10)
$440 + $1.5
Gross pay = $441.5
Finding a job that matches your skills and interests, and finding a job that has a positive job outlook are both important things to consider when selecting a career. Which do you think is more important? Why?
<< Read Less
Answers
Answer: Finding a job that matches your skill and interest.
Explanation:
This is very important and it majorly one of the key things to consider when applying for jobs. Sometimes, desperation makes people take any job without thinking if they like the job or not and this is bad as it will hinder the success of such person in the firm.
A typical example of this is applying for a job that requires proficiency in microsoft office packages and you literally have no knowledge but you only applied considering the Positive outlook of the firm, they are no two ways about this, you'd perform woefully if being asked simply because you don't possess the skill.
Finding a job that matches your skills and interest tends to make the job more enjoyable as you will be more motivated to keep the job and will find great pleasure in carrying out the task given. It also aids your career development as well, according to the saying practice makes perfect, doing what you love will continually help you to grow and develop yourself in your chosen field.
I am always concerned about my job
Answers
Answer:
then get a new job
Explanation:
Answer:
why? Maybe its time for a new job.
Explanation:
What benefits many and is not consumed when used?
O Private Goods
O Free Goods
O Regular Goods
O Public Goods
Answers
Answer:
Public Goods
Explanation:
Public goods refer to commodities and services available for use by all members of a community. They are provided by the government through taxes. Because the government funds public goods, they benefit everyone in society at no extra costs.
Examples of public goods include public roads, street lighting, police service, national defense, and public bridges.
Public goods are both non-rivalry and non-excludability. They don't get exhausted when consumed, nor is it possible to exclude others from consuming them.
Click this link to view O*NET's Work Activities section for Registered Nurses. Note that common activities are listed
toward the top, and less common activities are listed toward the bottom. According to O*NET, what are some
common work activities performed by Registered Nurses? Check all that apply.
communicating with supervisors, peers, or subordinates
making decisions and solving problems
repairing and maintaining mechanical equipment
drafting technical devices
assisting and caring for others
O documenting/recording information
Answers
Answer:
acdf
Explanation:
Answer:
C,D,E
Explanation:
right on Edge
Andrew is a software tester. He runs through the same kinds of programs day after day, looking for bugs and reporting them. The workers in another department look at Andrew's reports and do the programming needed to fix the problems; Andrew never knows if his reports result in any software changes. Andrew is taking night classes in programming. Often, he knows the best solution for many of the bugs he finds, but is forbidden to make the fix or even offer suggestions. Which part of this description relates most to Task Identity
Answers
Answer: The workers in another department do the programming needed to fix the problems
Explanation:
Every organization has job roles and task for which individuals where employed for and in most cases workers are not really permitted to do beyond their task unless they are asked to do so by the organization or they are asked by their colleagues to assist them, despite Andrew taking classes in software training, he would still need approval from the organization before he can carry out task in another department.
Describe two things you can do to make sure you are using another person's work fairly.
Answers
Answer:
cite the source and describe how you obtained it
Insurance can help with ???
Answers
Answer:
B. In an emergency
Explanation:
Insurance is purchased to protect things that you own
Why do you think assistant coaches play such a significant role in these scandals?
Answers
Answer:
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Explanation:
What to write in a professional resume is you haven't had a job
Answers
Answer:
Any accomplishments in school
Good qualities and traits
Community service(can be stuff you’ve done for your family)
Any skills
Explanation:
If a customer at a Target store brings a purchase to checkout, and the item is not priced, the clerk at the register can ask the customer what the price is. If the price is $25 or less, the clerk does not have to do a price check. The clerk has been given the authority to trust the customer to have quoted the correct price. This sort of discretionary power is called:
Answers
what is medium level profession
Answers
Hope it helps :)
discuss how businesses can use mind mapping and brainstorming to identify new and innovative business opportunities
Answers
Answer: A mind map can be used by businesses to brainstorm thoughts and ideas organically.
Explanation:
By plotting ideas into a diagram, you can turn often complex, monotonous information into an organized, colorful, and memorable centralized format.
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Answers
Answer:
Hellllllllllllllllllllllllllllllllllllo
Explanation: