What is product positioning?
Answers
Answer:
Product positioning is a form of marketing that presents the benefits of your product to a particular target audience
Answer:
Description Positioning refers to the role that a brand occupies in the minds of the consumers and how it varies from the competitors' goods and from the brand recognition concept.
Explanation:
Related Questions
Which of the following is a similarity between personal selling and direct marketing?
A) Both are used to meet a mass audience simultaneously.
B) Both are not sales-directed forms of communication.
C) Both are involved in personal interactions with customers.
D) Both are only used in cases of product promotions.
E) Both are impersonal and lack direct persuasiveness of company salespeople.
Answers
Both are involved in personal interactions with customers is a similarity between personal selling and direct marketing
The similarity between personal selling and direct marketing is that both involve personal interactions with customers.
Personal selling refers to the process of one-on-one communication between a salesperson and a prospective customer. It involves building relationships, understanding customer needs, and presenting tailored solutions to meet those needs. Personal selling is often associated with high-touch, customized sales interactions.
Direct marketing, on the other hand, involves direct communication with potential customers through various channels such as mail, email, telemarketing, or digital advertising. While it may not always be a face-to-face interaction, direct marketing aims to establish a direct and personalized connection with individual customers.
Both personal selling and direct marketing focus on establishing personal relationships and engaging directly with customers in order to promote products or services.
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Appoline Juices budgeted sales of 87,000 units of Grape, assuming that the company would have 30 percent of 290,000 units sold in a particular market. The actual results were 78,000 units sold by Appoline, which represented a 26 percent share of the total market. The budgeted contribution margin is $11 per unit.
Required:
Compute the sales activity variance, and break it down into market share variance and the industry volume variance.
Note: Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.
Answers
Sales activity variance: -$99,000 (U) Market share variance: -$127,600 (U) Industry volume variance: -$699,600 (U). The unfavorable sales activity variance can be attributed to both the market share variance and the industry volume variance.
To compute the sales activity variance for Appoline Juices, we need to compare the budgeted sales with the actual sales and break it down into the market share variance and the industry volume variance.
Sales activity variance:
Sales activity variance = (Actual sales - Budgeted sales) × Budgeted contribution margin
Sales activity variance = (78,000 - 87,000) × $11
Sales activity variance = -9,000 × $11
Sales activity variance = -$99,000
The sales activity variance is unfavorable (U) because the actual sales were lower than the budgeted sales.
Market share variance:
Market share variance = (Actual market share - Budgeted market share) × Budgeted industry volume × Budgeted contribution margin
Market share variance = (0.26 - 0.30) × 290,000 × $11
Market share variance = -0.04 × 290,000 × $11
Market share variance = -$127,600
The market share variance is unfavorable (U) because the actual market share was lower than the budgeted market share.
Industry volume variance:
Industry volume variance = Budgeted market share × (Actual industry volume - Budgeted industry volume) × Budgeted contribution margin
Industry volume variance = 0.30 × (78,000 - 290,000) × $11
Industry volume variance = 0.30 × -212,000 × $11
Industry volume variance = -$699,600
The industry volume variance is unfavorable (U) because the actual industry volume was lower than the budgeted industry volume.
The market share variance indicates that Appoline Juices captured a lower market share than anticipated, while the industry volume variance shows that the overall industry volume was lower than expected.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
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When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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My question got removed but can someone please help me with what the PESTEL anylasis for covergirl is. Please only real answers no links:)
Answers
Answer:
through this PESTLE Analysis for L’Oreal, the cosmetics and skincare giant, you now have an idea of where the brand currently stands in terms of business.
A brand as prestigious as L’Oreal, with such a rich history behind it, truly is inspiring especially because they managed to lead the market for over 100 years. It really boggles your mind to think they’ve made a century.
The brand although in no way is under even the slightest suspicion of extinction, they still have to work on correcting a few wrongs, the most important of which is completely eliminating animal testing. That will never be brushed under the rug. They also need to be very cautious of the contributing people in their supply chain so as to eliminate all sorts of slavery. They should develop a concrete policy on their use of toxins as well.
You will never be able to view a company in a full 360-degree perspective until you focus on understanding the various macro-economic factors that affect it. These factors play a very big role in shaping up the company’s overall performance. A PEST Analysis will help you not only in the identification but a thorough explanation of all of these factors
PESTLE is simply an acronym for political, economic, socio-cultural, technological, legal, and environmental analysis, which helps one in understanding where a company stands in depth.
You are more than welcome to visit our website if you wish to teach yourself how to work on a PEST analysis. We have all the detail you would need for comprehending the entire process. In fact, for those of you who wish to put their knowledge to practice, we even have the perfect PESTLE Analysis template for you to make things faster.
As a result of Luis putting a "stop payment" on a check that he wrote, Luis will
O be limited to writing two checks a month.
O have to close his checking account.
O have to pay the bank a fee for the service he requested.
O be notified of an increase in the minimum balance requirement for his checking account.
Answers
Answer:c
Explanation:
Luis requesting a stop payment will require him to pay the bank a fee for the service he requested
Stop payment could be defined as a request made by individuals to cancel payments before it's been processed. This could be recurring weekly or monthly subscriptions, personal checks.
They are reasons why individuals might stop payment, here are the following;
- Insufficient funds
- Stolen cheque
- Issue with service rendered
Whenever ''stop payment'' is initiated by an individual, he or she would have to pay the bank a fee for the service he requested. These charges vary with banks.
Luis would have to pay a fee to be able to stop payment on his cheque.
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Simple Company, a 70%-owned subsidiary of Punter Corporation, reported net income of $240,000 and paid dividends totaling $90,000 during Year 3. Year 3 amortization of differences between current fair values and carrying amounts of Simple's identifiable net assets at the date of the business combination was $45,000. The noncontrolling interest in net income of Simple for Year 3 was:
$58,500.
$13,500.
$72,000.
$27,000.
Answers
The noncontrolling interest in net income of Simple for Year 3 was $27,000.
Noncontrolling interest refers to the portion of a subsidiary's net income that belongs to the minority shareholders, which in this case is 30% (100% - 70% owned by Punter Corporation).
To calculate the noncontrolling interest in net income, we first need to determine the net income attributable to the parent company.
The net income attributable to the parent company is calculated by subtracting the noncontrolling interest's share from the total net income.
In this case, the net income attributable to the parent company is $240,000 - ($240,000 × 30%) = $168,000.
Since the dividends paid by Simple do not affect the noncontrolling interest, the noncontrolling interest in net income for Year 3 is 30% of the net income attributable to the parent company, which is $168,000 × 30% = $50,400.
However, since the Year 3 amortization of differences was $45,000, we subtract this amount from the noncontrolling interest, resulting in $50,400 - $45,000 = $5,400.
Therefore, the noncontrolling interest in net income of Simple for Year 3 is $5,400 or $27,000 (30% of $90,000).
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The key account management structure uses Blank______ to focus on important customers in order to build mutually beneficial, long-term cooperative relationships. Multiple choice question.
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The key account management structure uses a targeted approach to focus on important customers, in order to build mutually beneficial, long-term cooperative relationships.
How it work?This involves utilizing a range of strategies and techniques, such as personalized attention, regular communication, tailored solutions, and ongoing support.
The ultimate goal is to establish a deep understanding of the customer's needs, preferences, and goals, and to develop customized solutions that address these specific requirements. By focusing on key accounts, organizations can maximize their revenue potential, while also building strong and enduring relationships that foster loyalty and trust.
Ultimately, this approach can lead to improved customer satisfaction, increased retention rates, and long-term profitability.
Hence, the answer to the blank is targeted approach.
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Which transaction caused John to overdraw his account?
Answers
By examining the financial figures provided above for John's account, it is clear that check no. 410 for $710.49 was the reason for John's account overdraft. As a result, choice (C) is valid.
What does overdrawing an account mean?A transaction in which the account holder is permitted to take more money than the account's actual balance is referred to as an overdraft from the account. The account balance is negative following a transaction that results in an overdraw.
One can clearly infer from the account statement shown above that an overdraw transaction occurred after Check No. 410 for an amount of $710.49 was drawn since the account's balance was negative for the first time.
Hence, Option (C ) is the accurate one.
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Your question is incomplete, probably the complete question is:
Which transaction caused John to overdraw his account?
(A) The Online Bill Payment of $146.67
(B) Check No. 409 for $100
(C) Check No. 410 for $710.49
(D) The Overdraft Fee of $35
if an economist was describing defensive issues, he would probably not include companies that produce:
Answers
If an economist was describing defensive issues, he would probably not include companies that produce **luxury goods**.
Defensive issues refer to companies or sectors that tend to be less affected by economic downturns or market volatility. These companies typically offer products or services that are considered essential or in demand regardless of economic conditions. They are known for their stability and ability to withstand economic turbulence.
Companies that produce luxury goods, on the other hand, are more likely to be categorized as cyclical or discretionary issues. Luxury goods are often more sensitive to changes in consumer spending patterns, as they are considered non-essential and more dependent on consumer wealth and confidence. During economic downturns, consumers may cut back on luxury purchases, which can negatively impact companies in this sector.
When describing defensive issues, economists are more likely to focus on companies in sectors such as consumer staples (e.g., food, beverages, household products), healthcare, utilities, or essential services that are less impacted by economic fluctuations and continue to have consistent demand regardless of economic conditions.
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what overhead allocation basis is used by many companies with automated manufacturing processes to reduce product cost distortions?
Answers
overhead allocation basis is used by many companies with automated manufacturing processes to reduce product cost distortions : machine hours.
Applying manufacturing overhead to manufactured goods is measured in machine-hours. It is particularly useful in situations with a lot of machinery, when a machine's processing time is the main activity that may be used to determine how much overhead to allocate. Labor hours are more frequently used as the basis for allocating industrial costs to produced commodities when there are few machines in use.
A machine-hour example, perhaps?
Machine time for a widget is one hour. Machines were used for a total of 1,000 hours in the month. The corporation spent $20,000 on production overhead during that time. According to this data, the widget will require the following amount of overhead:
1 hour consumed divided by 1000 total machine hours is $20 in allocated overhead.
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The Federal Open Market Committee (FOMC) is made up of Multiple Choice the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis. the seven members of the Board of Governors along with the president of the New York Federal Reserve Bank. the seven members of the Board of Governors of the Federal Reserve System along with the three members of the Council of Economic Advisers. the chair of the Board of Governors along with the 12 presidents of the Federal Reserve Banks.
Answers
Answer:
the seven members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a rotating basis.
Explanation:
The Federal Reserve System ( popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.
Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America.
Like all central banks, the Federal Reserve is a government agency that is saddled with the following responsibilities;
I. The Fed controls the issuance of currency in United States of America: it promotes public goals such as economic growth, low inflation, and the smooth operation of financial markets.
II. It provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."
III. It regulates banking activities in the United States of America: it has the power to supervise and regulate banks.
The Federal Open Market Committee (FOMC) is comprised of the seven (7) members of the Board of Governors of the Federal Reserve System along with the president of the New York Federal Reserve Bank and four other Federal Reserve Bank presidents on a one-year term rotating basis. The FOMC are typically responsible for making monetary policy and the determination of the direction of the monetary policy in the United States of America.
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Answers
Answer:
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selling receivable illustrationif TechCom sells $20,000 of its accounts receivable and is charged a 4% factoring fee, it records this sale as
Answers
When TechCom decides to sell $20,000 of its accounts receivable, it essentially enters into a factoring agreement with a financial institution or a third-party service provider. The factoring fee charged by the service provider is usually a percentage of the total value of the receivables sold, which in this case is 4% or $800 ($20,000 x 4%).
To record this sale, TechCom will first create a journal entry that reflects the reduction in accounts receivable and the increase in cash. The accounts receivable balance will decrease by $20,000, while the cash balance will increase by $19,200 ($20,000 - $800).
The journal entry will look something like this:
Debit: Cash - $19,200
Credit: Accounts Receivable - $20,000
Credit: Factoring Fee Expense - $800
The factoring fee expense is a cost that TechCom incurs as a result of selling its receivables. This expense is typically recognized as a selling expense on the income statement and is deducted from revenue to calculate net sales.
In summary, when TechCom sells its accounts receivable, it records the transaction by reducing its accounts receivable balance and increasing its cash balance. The factoring fee charged by the service provider is recorded as a selling expense, which reduces the net sales figure.
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please help (;´༎ຶٹ༎ຶ`)
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What is the relationship between kaizen and the deliberate practice?.
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The relationship between Kaizen and the deliberate practice lies on the fact that;
Deliberate practice is frustrating, uncomfortable, and most importantly painful, although it separates those who achieve from those who don’t. Messages from Deliberate PracticeTalent is definitely not enough. Hence, Practice as characterized by hard work is the difference between good and great. Expert performance is characterized by hard work and requires repeated actions. Focus is important, In essence, break the work into manageable parts. Setting goals and perseverance is very important Generating Feedback in the moment.Read more on deliberate practices;
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Which type of savings plan offers the lowest interest rate?

A.
Checking account

B.
Money market account

C.
Savings account

D.
Certificate of deposit
Answers
You purchased a call option for $3.45 17 days ago. The call has a strike price of $45, and the stock is now trading for $51. If you exercise the call today, what will be your holding-period return? If you do not exercise the call today and it expires, what will be your holding-period return?
Answers
Answer:
73.9%;-100%
Explanation:
1. Calculation to determine what will be your holding period return If you exercise the call today
First step is to determine the Forest profit
If the call is exercised
Gross profit =$51 - 45
Gross profit= $6
Second step is to calculate the Net profit
Net profit =$6 -$3.45
Net profit = $2.55.
Now let calculate The holding period return Holding period return=$2.55/$3.45
Holding period return = .739 *100
Holding period return=73.9%
Therefore If you exercise the call today, what will be your holding-period return will be 73.8%
2. Calculation to determine what will be your holding period return If you do not exercise the call today and it expires,
Holding period return= ($0 -$3.45)/$3.45
Holding period return=-$3.45/$3.45
Holding period return = -1.00*100
Holding period return= -100%
Therefore If you do not exercise the call today and it expires, what will be your holding period return will be -100%
If the marginal propensity to consume is 0.80, then what is the marginal propensity to save?
a. -0.80.
b. 0.00.
c. 0.20.
d. 0.80.
e. 1.00
Answers
The marginal propensity to consume (MPC) and the marginal propensity to save (MPS) are two concepts in economics that relate to how individuals or households allocate their income between consumption and saving. Option c. The marginal propensity to consume is 0.80, then the marginal propensity to save is 0.20.
The MPC measures the percentage of each additional dollar of income that is spent on consumption, while the MPS measures the percentage of each additional dollar of income that is saved.
If the MPC is 0.80, it means that for each additional dollar of income, 80 cents are spent on consumption and 20 cents are saved. Therefore, the MPS can be calculated as 1 - MPC, which is 1 - 0.80 = 0.20. This means that for each additional dollar of income, 20 cents are saved and 80 cents are spent on consumption.
It is important to note that the MPC and MPS are not fixed values and can vary depending on different factors such as income levels, interest rates, and government policies. Additionally, the MPC and MPS are interdependent, meaning that an increase in one will result in a decrease in the other. Option c.
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The decrease in total surplus that results from a market distortion, such as a tax, is called a:.
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The decrease in total surplus that results from a market distortion, such as a tax, is called a deadweight loss. It can also be called excess burden, allocative inefficiency, or efficiency loss.
It represents a reduction in consumer and producer surplus in the marketplace due to a market inefficiency or government intervention.In a free market, the equilibrium price and quantity of goods are set by the forces of supply and demand. The market reaches a point of efficiency, which means that resources are being allocated efficiently to meet consumer demand and producer supply.However, when a market distortion occurs, such as a tax, the market will no longer be efficient, resulting in a deadweight loss. The tax will increase the price paid by consumers, reduce the price received by producers, and lower the quantity of goods sold. This results in a reduction of total surplus, which is the sum of consumer and producer surplus.
The deadweight loss is the lost economic welfare or total surplus that results from a market inefficiency or government intervention. In conclusion, a deadweight loss is the decrease in total surplus that results from a market distortion such as a tax.
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Sbj’s chris smith writes about institutional multiteam ownership as a closely watched trend in sports finance. Which major sports league is the last holdout for allowing this approach?.
Answers
Finance: CAZ Investments jumps into growing field of institutional ownership, and eyes last holdout league
One of the trends in the market that has received the most attention recently is institutional multiteam ownership. The top leagues in the country have long outlawed the practice, but barriers are starting to break down as a result of the pressing need for cash and soaring franchise prices that have priced out many potential purchasers.
Numerous early participants are testing the waters even though the market is still in its infancy. The Atlanta Hawks, Phoenix Suns, and Sacramento Kings are among the NBA teams in which Dial Capital's Home Court Partners has acquired small percentage stakes after becoming the first fund to get authorization to do so in 2019. Sacramento Kings and Suns. Over $1 billion is being raised by Dynasty, the pro team investment company founded by Jonathan Nelson of Providence Equity Partners and Don Cornwell of PJT Partners. Arctos Sports Partners is currently without a doubt the market leader. The company, led by managing partners Ian Charles and Doc O'Connor, has acquired stakes in more than a dozen teams in the NBA, NHL, MLS, and European soccer; its investments in MLB alone include the Boston Red Sox through a partnership with Fenway Sports Group, the Chicago Cubs, Houston Astros, Los Angeles Dodgers, and San Diego Padres. It announced $3.94 billion in assets under management earlier this year and is currently soliciting money for a second fund with a target size of $1 billion.
In collaboration with Bonaccord Capital Partners, CAZ Investments announces the successful closing of a $485 million private equity ownership fund.
The fund made it possible for the CAZ network of investors to purchase minority holdings in some of the best middle-market private investment managers.
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which of the following best describes the concept of the tragedy of the commons? responses resources that are shared by individuals, such as the ogallala aquifer groundwater, are highly regulated by legislation, thereby depriving common people of their use. resources that are shared by individuals, such as the ogallala aquifer groundwater, are highly regulated by legislation, thereby depriving common people of their use. communities enact recycling programs to reduce the amount of materials that need to be mined. the cost of the recycling program is absorbed by community taxes. communities enact recycling programs to reduce the amount of materials that need to be mined. the cost of the recycling program is absorbed by community taxes. the aim of large logging operations in tropical rain forests is economic gain, rather than sustainability. therefore, the shared resources in the forest could become depleted. the aim of large logging operations in tropical rain forests is economic gain, rather than sustainability. therefore, the shared resources in the forest could become depleted. soil nutrients, such as nitrates, are used unequally depending on the type of vegetation. therefore, farmers must add fertilizers to certain areas to grow crops.
Answers
The sentence that best describes the concept of the tragedy of the commons is the aim of large logging operations in tropical rain forests is economic gain, rather than sustainability. therefore, the shared resources in the forest could become depleted.
What was the concept of the tragedy of the commons?The phrase "tragedy of the commons" describes a situation in which people who have access to a shared resource, also known as a common, act selfishly and ultimately deplete the resource. British author William Forster Lloyd initially conceived of this economic theory in 1833.
It shoul;d be noted that tragedy of the commons is a situation where individual users who have open access to a resource are hindered by shared social structures or formal norms, both in an economics context and in an ecological one..
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How is it different to approach someone with good news versus bad news? Answer in a few short sentences.
Answers
Answer:
you would have different tones each time you approached them.
Explanation:
with bad news you would kind of be emotional and concerning but if you had good news you would be joyful or excited
an investor earns $1100 per year from bonds yielding returns of 4% and 5% each year. if the amounts at 4% and 5% were interchanged, she would earn $50 more per year. find the total sum invested.
Answers
Given an investor earns $1100 per year from bonds yielding returns of 4% and 5% each year. if the amounts at 4% and 5% were interchanged, she would earn $50 more per year. The total sum invested by the investor is $110,000
Let x be the amount invested in the bond yielding 4%.
Then, the amount invested in the bond yielding 5% would be (1100 - x).
If the amounts at 4% and 5% were interchanged, the investor would earn $50 more per year.
Therefore, the difference between the two yields would be 0.01x - 0.01(1100 - x) = 50.
The above equation simplifies to 0.02x = 1160.
Thus, x = 58,000.
Hence, the amount invested at 4% is $58,000 and the amount invested at 5% is (1100 - 58,000) = $52,000.
Thus, the total sum invested is $58,000 + $52,000 = $110,000.
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Andy's utility function for candy is. U(x) = 10vx. If Andy eats 64 pieces of candy,
how much utility does Andy receive?
Answers
Answer:
U(x) = 10vx. If Andy eats 64 pieces of candy,
Explanation:
What is a major advantage of globalization?
A. Businesses are able to sell products to customers around the
world.
B. Fewer companies are creating pollution by shipping goods long
distances.
C. Economies around the world no longer have to deal with inflation,
D. Consumers are able to support their local economies more easily.
Answers
Answer:
A. Businesses are able to sell products to customers around the
world.
Explanation:
Globalization is the spread of goods and services, movement of people and technology across countries and regions boundaries. It is the glowing interactions and integration of people, companies, technology, and jobs from different counties. Globalization has made trade and investment flow seamless between countries.
Because of globalization, a company or country can sell its goods and services to customers in other countries with relative ease. Similarly, a customer can buy products from any part of the globe without any hitches.
Your store sales average $162,000 per month. Your triple net lease has the following monthly terms: rent is 3% of sales, insurance is $210, maintenance is $100, utilities total $425, and taxes are $90. You expect next year's sales to increase 7%, but your lease terms will remain the same. Calculate next year's ANNUAL lease payment. Round your answer to the nearest dollar.
Answers
Answer:
=$72, 302
Explanation:
The tenant agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") plus the normal monthly rent in a triple net lease agreement.
Rent is 3% of sales. Sales will grow by 7%.
Current sales are equivalent to 100%; increased sales will be 100% + 7% = 107%
This year's monthly sales are 162,000: next year's monthly sales will be 107% of $162,000
=107/100 x $162,000
=1.07 x $162,000
=$173,340
Monthly sales will be $173,340. Monthly rent is 3% of sales
=3/100 x $173,340
=$5,200.2
The monthly lease will be monthly rent, plus insurance plus maintenance plus, utilities total plus taxes
= $5,200.2 + $210 + $100 + $425 + $90.
=$6,025.2
monthly lease = $6,025.2
Annual lease =$6,025.2 x 12
=$72,302.40
=$72, 302
Answer: 72,302
Explanation:
when is allocative efficiency of a product achieved?
Answers
4. Marsha qualifies for the recovery rebate credit of $500 for Shelby. True are false
Answers
Answer:
The answer is "False".
Explanation:
In this question, the given statement is false because the maximum claim for rewards by Economic Repercussions is \(\$ 1200 \ \ and\ \ \$ 2400\) Return filed in connection with this), plus \(\$ 500\) for children under the CARES Legislation and the Economic Consequences Payment. Consequently, Marsha is liable for Shelby's \($1200\) recovery reimbursement credit.
which manager designs the product in a business
Answers
Answer:
Product Design Management (PDM)Explanation:
Product Design Management (PDM) is one of the most important elements in the successful business of designing innovative products for production.The Johnsons are purchasing their first family vehicle, a used 2012 Honda Odyssey, for $15,000. If they plan to save for the next 2 years (24 months), how much will they need to save each month?
Answers
Answer:
15000÷24 = 625 this is the answer
The Johnsons are purchasing their first family vehicle, a used 2012 Honda Odyssey, for $15,000. If they plan to save for the next 2 years (24 months),they need to save Rs.625 per month.
15000/24= 625
What is family?"family is a group of persons united by the ties of marriage, blood, or adoption, constituting a single household and interacting with each other in their respective social positions, usually those of spouses, parents, children, and siblings. The family group should be distinguished from a household, which may include boarders and roomers sharing a common residence. It should also be differentiated from a kindred (which also concerns blood lines), because a kindred may be divided into several households. Frequently the family is not differentiated from the marriage pair, but the essence of the family group is the parent-child relationship, which may be absent from many marriage pairs."
A family consists of an adult and his or her offspring. Most commonly, it consists of two married adults, usually a man and a woman (almost always from different lineages and not related by blood) along with their offspring, usually living in a private and separate dwelling. This type of unit, more specifically known as a nuclear family, is believed to be the oldest of the various types of families in existence. Sometimes the family includes not only the parents and their unmarried children living at home but also children that have married, their spouses, and their offspring, and possibly elderly dependents as well; such an arrangement is called an extended family.
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