'The final step in recognizing the completion of production requires a company to debit Finished-Goods Inventory and credit Work-in-Process Inventory.
Production is the process of making or producing goods or products from raw materials or parts. In other words, production takes inputs and uses them to create outputs suitable for consumption, i.e. goods or products of value to the end-user or customer.
Production is the process of making, harvesting, or creating something, or the quantity of something manufactured or harvested. An example of production is the manufacture of furniture. An example of production is harvesting corn for food. An example of production is corn production.
The economist classifies the factors of production into his four categories: land, labor, capital and entrepreneurship. The first element of production is land, which includes all natural resources used to produce goods and services.
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Paying an amount on account reduces:_______
a. an expense.
b. stockholders' equity.
c. net income.
d. the amount owed on a liability.
Option (d) the amount owed on a liability is correct.
Paying an amount on account reduces the amount owed on a liability.
What is liability?A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.There are various ways to define a liability's duration. The average duration (or mean term) of the liability is what is typically meant by the term "duration of liability" in actuarial valuation. In other terms, it refers to the typical rate of a liability's repayment.Liabilities can be used by businesses to increase liquidity if they are having cash flow issues. Most small and medium-sized enterprises lack the financial resources necessary to grow.Learn more about liability here:
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Synergy will ______ the sales of existing products.
a. increase
b. reduce
c. not affect
Synergy will increase the sales of existing products.
Synergy is the concept that the value and performance of two companies combined will be greater than the sum of the separate individual parts.
If two companies can merge to create greater efficiency, the result is what is referred to as a synergy merge.
Therefore, synergy increases the sales of existing products.
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If an organization has an obligation to pay $25,000 to a supplier two years from now, the present value of the obligation:__________
If an organization has an obligation to pay $25,000 to a supplier two years from now, the present value of the obligation is less than $25,000.
What is the present value?A future sum of money or stream of cash flows' present value, or PV, is its current value at a particular rate of return. The higher the discount rate, the smaller the present value of the future cash flows are, as future cash flows are discounted at the discount rate. The key to accurately valuing future cash flows, whether they be earnings or debt obligations, is determining the right discount rate.
The temporal value of money's fundamental tenet is straightforward: A dollar spent today is worth more than one you will get later. This is so that the money you have now can be invested and increase over time at a rate of return or interest. The money you receive "tomorrow" can't be invested today, so its potential for appreciation is diminished.
Here's a simple method for examining present value. $1,000 multiplied by 1.02 equals $1,020 if you deposit $1,000 today in a savings account earning 2% interest each year. With a 2% interest rate, $1000 represents the present value of $1,020 in a year.
Thus, the Present value is the actual current value of any asset.
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Suppose market demand and supply are given by qd = 100 - 2p and qs = 5 3p. the equilibrium price is:_________
Suppose market demand and supply are given by QD = 100 - 2p and qs = 5 3p. the equilibrium price is $19.
Demand Equation for equilibriumThe demand Equation for equilibrium says that
Quantity Required = Quantity Delivered. Thus,
100- 2P=5 + 3P
95 = 5P
P= 19
How is the equilibrium price determined?The equilibrium price is the cost at which the quantity ordered equals the quantity provided. It is defined by the intersection of the order and supply curves. A surplus lives if the quantity of a good or service supplied surpasses the quantity required at the current price; it causes a downward force on price.
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According to boatright, what are the difficulties facing the stakeholder position?
The requirements and expectations of all the stakeholders are the focus of stakeholder management, yet a fundamental error that occurs is the undersatisfaction of all stakeholder groups.
Who Are the Stakeholders?A stakeholder is a person, group, or organization whose interests are affected by a project's or business venture's outcome. The success of the project is important to stakeholders, who may be inside or outside the sponsoring company. Stakeholders are crucial since their decisions can have a good or negative impact on the project. There are other important stakeholders whose backing is required for the project to proceed.
Like every other participant in the project, a stakeholder is a person, but some are simpler to manage than others. Stakeholder mapping techniques must be learned if you want to find out who your main stakeholders are and make sure you are meeting their needs.
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According to economics in one lesson, what problem is robinson crusoe constantly faced with as he tries to satisfy all his needs on his deserted island? group of answer choices
According to economics in one lesson, alternative applications of time and labor are the problem Robinson Crusoe constantly faced as he tries to satisfy all his needs on his deserted island.
A need is anything that is considered to be necessary or vital to have. Examples include shelter, food, and water.
An alternative application of time is if something happens on alternate days, it happens on one day, then happens on every second day after that. In the same way, something can happen in alternate weeks, years, or other periods of time.
Workers under contract or on a temporary basis are sometimes referred to as contingent workers. Project-based employees are often referred to as service providers, independent contractors, or SOW contractors. Provider of fully outsourced services; frequently included in business and professional services (BPS) or business process outsourcing (BPO) solutions all fall under the alternatives of labor.
According to Economics in One Lesson, what problem is Robinson Crusoe constantly faced with as he tries to satisfy all his needs on his deserted island? a. The problem of alternative application of time b. The problem of alternative application of labor c. The problem of alternative application of time and labor
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If a cell containing =b$14 is copy and pasted three columns over and two rows down, what would the resultant cell reference become?
the resultant cell reference becomes E$14
In order for Microsoft Office Excel to locate the numbers or data that you want that formula to calculate, you may use a cell reference, which refers to a cell or a range of cells on a worksheet. A cell reference can be used in one or more calculations to refer to: Data that is spread over a worksheet's several sections. In Excel, a cell reference refers to another cell in order to access that cell's values or characteristics. In other words, we may use =A2 in cell A1 to utilize the value of cell A2 if we have data in some random cell A2 and wish to use it in cell A1. Therefore, it will duplicate the value of A2 in A1.
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______ help entrepreneurs form positive and productive ways of thinking that can benefit performance.
Constructive thought patterns helps entrepreneurs form positive and productive ways of thinking that can benefit performance.
Entrepreneurial MindsetEntrepreneurs support economic growth, generate employment, and produce new goods and services that can improve the world. A great entrepreneur needs to have big ideas and think outside the box. Anyone can have an idea, but the entrepreneurial challenge is in turning that idea into a profitable business. The entrepreneurial mindset is distinctive in that it requires high levels of motivation, creativity, and communication while also being risk- and failure-tolerant.
Big ideas by themselves do not necessarily pave the way for successful entrepreneurship in the end. Often, the traits of the entrepreneur themselves determine whether a business succeeds or fails. One huge concept needs a special combination of qualities to become a fully operational, successful firm.
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The real rate is 3 percent and the inflation rate is 4.6 percent. what rate would you expect to see on a treasury bill?
The rate we would expect to see on a treasury bill is 7.74%.
What is a treasury bill?Treasury bills (also known as T-bills) have been short-term securities which mature with one year less than from the date they are issued. T-bills are purchased for less than or equal to their face value, and then when they mature, the Treasury pays the face value.
Now, as per the given question;
The current real rate is 3.0 percent.
The current inflation rate is 4.6 percent.
The fishers equation must be used to calculate the expected interest rate on a treasury bill.
1 + R = (1 + r)(1 + h)
As a result, the treasury bill rate can be estimated as follows:
1 + R = (1 + r)(1 + h)
The current real rate r = 3.0%
= 3.0/100
= 0.03
The h current inflation rate = 4.6%
= 4.6/100
= 0.046
Substituting the values in the formula;
R = (1 + r)(1 + h) - 1
= (1 + 0.03)(1 + 0.046)-1
= (1.03 × 1.046)-1
= 1.07738-1
= 0.07738×100
= 7.738%
R = 7.74%
Therefore, the expect treasury bill is estimated as 7.74%.
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The accuracy of a digital recording is determined by the device's ________ rate.
The sampling rate is determined by the accuracy of the digital recording.
What is the Sampling rate in digital recording?According to Nyquist’s Theorem, for an accurate digital representation of a sound wave, the sample rate must be at least two times bigger than the highest frequency record.
As the highest sound a human can hear has a frequency of 20 kHz, the minimum sample rate must be 40 kHz to be possible to digitalize this frequency.
As a component of the Nyquist-Shannon theorem, sample rates were first discussed in the 1940s. According to this, a sampling rate must have a frequency that is twice as high as the original recording for the sound to be accurately reproduced. Between 20 hertz (20Hz) and 20 kilohertz, the human ear is capable of hearing (20kHz). According to the theory, because 44.1 kHz is more than twice the upper limit of human hearing, it will produce a very accurate reproduction. However, some people continue to record at higher sample rates in order to capture all sounds. While these are not audible in the original recordings, if a 192 kHz audio sample were pitched down, some frequencies that were previously undetectable would become audible. Some of the highs might have been pitched down after being recorded at a lower sample rate.To learn more about the Sampling rate, refer
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Atlantic+bank+is+required+to+hold+10%+of+deposits+as+reserves.+if+the+central+bank+increases+the+discount+rate,+how+would+atlantic+bank+respond?
In this case the Atlantic bank will respond by increasing its bank reserves.
Bank reserves is the minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards . The purpose of the cash reserve regulations is to make sure that every bank has enough cash on hand to handle any significant and unforeseen demand for withdrawals.
The federal discount rate is the interest rate that the Federal Reserve bank charges banks to borrow money from it.
A higher discount rate makes it more expensive for banks to borrow, which reduces the amount of money available and reduces investment activity. In contrast, a decline in the discount rate lowers the cost of borrowing for commercial banks, which increases the amount of credit that is accessible and lending activity across the economy.
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The basis of strategic position through serving few needs of many customers is known as:_____.
Strategy is the basis of a strategic position by serving only a few needs of many customers.
When there is a creation of a unique & valuable position it is called strategy. This strategic position can be developed through three sources. The first one is many customers and few needs. The second one is by having few customers and broad needs. The third one is by having many customers and broad needs.
A type of competing for the strategic position in strategy is known as Trade-Offs competing. The trade-Off competition requires the company to focus only on a few compatible strategies. Under this method, the company will not follow more strategies that are general but focus its attention only on a strategy that is specific. So the company will try to implement a system that is independent and different and reinforces each of its activities.
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Business people truly needing to understand when and why consumers act the way they do is:________
Business people truly needing to understand when and why consumers act the way they do is the foundation of all strategies with which a company moves forward.
What is the consumer act?To safeguard the interests of consumers in India, the Indian Parliament passed the Consumer Protection Act, of 1986 (COPRA). It was later replaced by the Consumer Protection Act, of 2019. The creation of consumer councils and other agencies for the resolution of consumer complaints and issues related to them was intended. The measure was approved by the Assembly in October 1986, and it became operative on December 24. Before the 1986 COPRA act, the statute to the right was created.
In terms of consumer protection, this Act is recognized as India's "Magna Carta" for policing dishonest business practices, "defects in goods," and "deficiencies in services." As a result, there are now numerous consumer forums and appellate courts spread out across India. It has had a tremendous impact on how firms interact with customers and has given customers more power.
Thus, the Consumer act is meant to protect the consumers.
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All of the following are benefits of workforce diversity except? a. better problem solving b. improved marketing efforts c. enhanced communication d. attraction and retention of the best talent
All of the following are benefits of workforce diversity except enhanced communication.
Diversity in the workforce refers to the distinctive personality traits that each employee possesses. Gender, race, ethnicity, religion, age, sexual orientation, physical prowess, and ideologies can all be included in the definition of workforce diversity. Since it recognizes the unique strengths and potential of each employee, a diverse workplace is a valuable asset. A diverse skill set enables a company to provide a broader and more flexible range of goods and services. Teams with more diversity are more effective and perform better as they highlight a more tremendous potential for professional and personal development. Individuals can benefit from one another's knowledge and experiences thanks to diversity. Including various viewpoints and ideas improves problem-solving.
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The intentional use of government spending or taxing to affect the level of output, employment, and prices is known as:______
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
Congressional reforms to government spending and taxes with the intention of fostering full employment, price stability, and economic growth.
Expanding government spending, lowering taxes, or increasing government transfers are examples of expansionary fiscal policy instruments. Any of these actions will raise aggregate demand, which will enhance output, employment, and price level.
The intentional use of government spending or taxing to affect the level of output, employment, and prices is known as Fiscal Policy
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In an expanded accounting equation, revenues and expenses are an expanded part of ______. (check all that apply.)
In an expanded accounting equation, revenues and expenses are an expanded part of retained earnings, stockholder's equity.
What is revenue and expenses?Revenue can be defined as an income or money generated from the sales of goods and service while on the other hand expenses or expenditure are money spent at a particular or specific period of time.
Revenue should be higher than income, in a situation were expenses is higher than revenue or income this tend to lead to net loss.
Accounting equation is an equation that help to show the relationship that is between assets, liability as well as shareholder's equity. When preparing accounting equation the debit side balance must be the same with the credit side balance.
Therefore In an expanded accounting equation, revenues and expenses are an expanded part of retained earnings, stockholder's equity.
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Tom lennon is in the business of providing entertainment in many forms to different audiences. he is self-employed, and therefore considered to be a(n)?
Tom Lennon is in the business of providing entertainment in many forms to different audiences. he is self-employed, and therefore considered to be an Entrepreneur.
Entrepreneur: An individual who starts a new firm, taking on the majority of the risks and reaping the majority of the gains, is known as an entrepreneur. The entrepreneur is frequently viewed as an innovator, a source of fresh concepts for products, services, businesses, and operational methods.
Entrepreneurship: The process of setting up a business is known as entrepreneurship.
Tom Lennon is in the business of providing entertainment in many forms to different audiences. he is self-employed and therefore considered to be an Entrepreneur.
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Two individuals signed a contract that was intended to be their entire agreement. the parol evidence rule will prevent the admission of evidence offered to?
The parol evidence rule will prevent the admission of evidence offered to prove the existence of a contemporaneous oral agreement modifying the contract.
Parol evidence refers to anything that was said, done, or written before the parties signed the agreement or as they signed it.
Therefore anything that was done or said before signing the agreement or contract will pevent the admission of evidence .
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A free market is a market with ________ government restrictions on how a good or service can be produced or sold and with ________ government restrictions on how a factor of production can be employed.
'A free market is a market with few government restrictions on how a good or service can be produced or sold and with few government restrictions on how a factor of production can be employed.
In economics, the free market is an idealized cognitive model of an economic system in which the prices of goods and services are determined by the supply and demand of sellers and buyers. Such market as modeled works without intervention of government or other external agencies.
Economists define a free market as a market in which products are exchanged between willing buyers and sellers. Purchasing food at prices set by farmers is a good example of economic interaction. Paying an employee a monthly salary is another case where economic exchange takes place.
The opposite of a free market economy is a planned, controlled, or command economy. Governments control the means of production and the distribution of wealth, determine the prices of goods and services, and determine the wages received by workers.
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How would you show your understanding of how critical it is to get to know the lives of your students living in poverty?
In order to find a shared interest, truly listen to your students while they converse with one another before class, in the halls, and in the cafeteria.
Founded in 1990, Shared Interest Society Limited is a fair trade financial co-operative with headquarters in the United Kingdom. Presently, it offers finance and financial services to global fair trade manufacturers, retailers, importers, and exporters.
Shared Interest collaborates with both Fairtrade International and the World Fair Trade Organization (formerly known as Fairtrade Labelling Organizations (FLO)) (WFTO). In order to supplement the financial services provided by the Society, the Shared Interest Foundation was established in 2004 as a nonprofit subsidiary. It offers producers support and training services. The Queen's Award for Enterprise was given to Shared Interest in 2008.
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If overapplied overhead is closed out to cost of goods sold, the cost of goods sold account will be ______.
If overapplied overhead is closed out to cost of goods sold, the cost of goods sold account will be decreased.
Manufacturing overhead that has a credit balance is overapplied, overstating the cost of items supplied as a result.
Underapplied overhead is the reverse of overapplied overhead. When costs are actually lower than what a corporation budgets for, overapplied overhead is the result. A corporation achieves a lower level of overhead expenses during the accounting period and comes in under budget.
The correct accounting procedure is to debit the manufacturing overhead cost pool and credit the cost of goods sold in the amount of the overapplication where overhead has been applied incorrectly. This has the effect of charging the true amount of overhead through the cost of goods sold.
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The inputs of managing customer heterogeneity are the 3cs of situation analysis: customers, competitors, and consolidation. True or false
The inputs of managing customer heterogeneity are the 3cs of situation analysis: customers, competitors, and consolidation. The statement is False.
Customer centricity is crucial since it enables businesses to forge stronger bonds with their clientele, which can lead to higher income and sales. As the business concentrates on enhancing customer pleasure, it also aids in reducing operational costs.
In order to generate customer pleasure, loyalty, and advocacy, customer centricity mandates that the customer be at the centre of all choices relating to the delivery of products, services, and experiences. Become more customer-focused to build loyalty.
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According to the cost conundrum the primary casue of mcallen's extreme costs was?
According to the cost conundrum the primary cause of McAllen's extreme costs was the across the-board overuse of medicine.
Medical repercussions of an overdoseHere are some illustrations of severe effects of prescription drug abuse:
Opioids have the potential to result in low blood pressure, delayed breathing with the possibility of respiration ceasing, or a coma. A fatal overdose carries a sizable mortality risk.Sedatives and anti-anxiety drugs can impair memory, lower blood pressure, and slow breathing. Coma or death may result from overdosing. The drug's abrupt discontinuation may result in withdrawal symptoms such nervous system hyperactivity and seizures.A dangerously high body temperature, heart issues, high blood pressure, seizures or tremors, hallucinations, aggression, and paranoia are all potential side effects of stimulants.To know more about ' Medical Overdose ', visit :https://brainly.com/question/14339262
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A form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership is a(n)?
A form of business ownership that provides limited liability, as in a corporation, but is taxed like a partnership is a(n) limited liability company (LLC).
What Is a Limited Liability Company (LLC)?
In the United States, a limited liability company (LLC) is a type of corporate structure that shields its owners from being held personally liable for the obligations of the firm. Limited liability companies are hybrid legal entities with traits shared by corporations, partnerships, and sole proprietorships.
The provision of flow-through taxes to the members of an LLC is a feature of a partnership rather than an LLC, despite the fact that the limited liability aspect is similar to that of a corporation.
A corporate form known as a limited liability company (LLC) shields its owners from being held personally liable for the obligations of the company.
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a broker acts as an agent in all of the following functions except: select one: a. leasing property b. selling property c. appraising property d. exchanging property
A broker acts as an agent in all of the following functions except: exchanging property.
Broker is a term which is used for an individual who charges a commission for executing buy and sell orders. They play an important role for guiding the buyer through all the related paperwork.
The one of the most important function of a broker is only to solve a client's problem for some fee. Secondary functions are such as lending to clients for margin transactions, and it also involves providing information support regarding the situation on trading platforms.
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What is the yield on a 5-year zero-coupon bond with a par value of $1,000 if it is purchased for $750?
The yield on a 5-year zero-coupon bond with a par value of $1,000 if it is purchased for $750 is 6%
ExplanationZero Coupon Bond Yield = [tex]\frac{F}{PV} ^\frac{1}{n} - 1[/tex]
where, F = Face value = 1000
PV = present value = 750
n = number of periods = 5
Now applying the given data on the formula we get,
Yield = [[tex](\frac{1000}{750} )^\frac{1}{5} - 1[/tex]
= [tex](\frac{4}{3} )^\frac{1}{5} - 1[/tex]
= [tex]\sqrt[5]{\frac{4}{3}} - 1[/tex]
= 0.05922
= 5.922% ≈ 6%
What is a zero-coupon bond?A zero-coupon bond, also known as an accrual bond, is a debt product that doesn't pay interest but trades at a considerable discount, producing income when the bond expires and is redeemed for its full face value.
Some bonds are initially issued as zero-coupon instruments, whereas other bonds are first detached from their coupons and then repackaged as zero-coupon bonds. Due to the fact that they offer the whole payment at maturity, zero-coupon bonds' prices vary far more than coupon bonds' do.
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Managers are often assigned to supervise several concurrent audit engagements.
true or false
True, Managers are often assigned to supervise several concurrent audit engagements. Below you can read more about managers and Managerial responsibilities.
Who is a Manager
A manager refers to a person whose role is to control or administer a group of staff in an organization. Managers are often top ranking personnel in an organization and their major function is to supervise other employees and direct them towards achieving the goals and mission of the organization.
Managerial Responsibilitythe major responsibilities of manages include the following
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Period costs are? a. always recorded as an expense when incurred. b. expensed only when the inventory is sold. c. always considered part of the inventory.
Period costs are always recorded as an expense when incurred. So the correct option is A.
In accounting, expenses refer to the money spent or costs incurred by a company in an effort to produce revenue. Therefore, expenses are the cost of running a business in accounting, which includes the total of all the actions that will ideally result in a profit for you. There are many different ways that expenses can be defined in accounting.
The financial charges a company faces throughout operations in order to generate revenue are referred to as expenses.
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The case in which the u.s. supreme court first addressed the issue of related services and the idea was:_________
The case in which the U.S supreme court first addressed the issue of related services and the idea was Irving ISD V. Tatro.
The United States' federal judiciary's highest court is the Supreme Court of the United States (SCOTUS). It has final appellate authority over all matters heard in U.S. federal courts as well as state court proceedings involving issues of federal law. In addition, it has exclusive jurisdiction over a select number of matters, including "all Cases involving Ambassadors, other public Ministers, and Consuls, and those in which a State shall be Party." The court has the authority to nullify a legislation for disobeying a constitutional provision thanks to its judicial review power. The Supreme Court was first founded by the First Congress through the Judiciary Act of 1789, and it is now established under Article Three of the U.S Constitution.
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The ________ concept is specifically focused on the future welfare of consumers.
The correct option is (A) Social marketing.
The social marketing concept specifically focuses on the future welfare of customers, but not on future company needs.
What is social marketing?Social marketing is a technique that makes use of marketing resources to encourage social change. Economic, environmental, and social reasons are promoted by social marketers. They raise topics including global warming, sustainability, public health, and poverty, among others.
How is social marketing used?In order to encourage the adoption and maintenance of healthy behaviours, social marketing now employs commercial marketing techniques. These techniques include target audience analysis, identification of targeted behaviour change objectives, message customization, and adaptation of branding strategies.
What characteristics define social marketing?Social marketing aims to alter people's behaviour for the betterment of society as a whole by utilising social science and commercial marketing ideas.
• Behaviour
• Focus on customers
• Theory
• Insight
• Exchange
• Competition
• Segmentation
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The complete question is :
“The ________ concept specifically focuses on the future welfare of customers, but not on future company needs.
A) societal marketing
B) strategic planning
C) sustainable marketing
D) marketing
E) selling”
