The most desired mixture of output that is possible given the available resources, technology, and social values is referred to as the optimal mix of output.
The production method uses the least amount of skilled labor, making it the most financially and operationally efficient. A point inside the curve, such as 300 guns and 350 flowers (point G), denotes an output combination created with less resources than are available (unemployment) or with all the resources available but with inefficient use of those resources technology (underemployment). The maximum output for two items under resource constraints is shown by the production possibilities curve. It also exemplifies the opportunity cost of resource allocation choices. Market or monopoly power is the capacity of a firm (or collection of firms) to increase and maintain prices above the level that would prevail under competition. When market power is used, output is decreased and economic welfare is lost. Equilibrium calls for the marginal cost and price to be equal. In a market that is completely competitive, P = AR = MR, where P stands for price, AR for average revenue, and MR for marginal revenue. Thus, the appropriate choice is (B.) At the output level where marginal revenue and marginal cost are equal, profit is maximized.
There are three primary production categories to pick from:
Job production, in which each item is created separately and is finished before the next one,technology.
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darcy is leading the bcp effort for her organization and is currently in the project scope and planning phase. what should she expect will be the major resource consumed by the bcp process during this phase?
Amid the arranging stage, the foremost noteworthy asset utilization will be the time committed by individuals of the BCP group to the arranging handle itself.
What is the scope of BCP commerce progression arrange )?
BCP scope: The hardware, gadgets, supplies and staff who are influenced by the laid out crises, as well as which staff individuals or groups utilize these assets most. BCP spaces: The commerce basic chance zones, or divisions, whose parts and obligations will adjust beneath the trade coherence approach scope.
Commerce Affect Investigation (BIA) The primary step to building your company's BCP is to consider the potential affect of each sort of catastrophe or hazard occasion that your company may confront.
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when project managers analyze tasks involved in completing a project, estimate time needed for each task, and estimate the minimum time needed to complete the project, they are applying what tool to operations management?
Project managers use PERT for operations management when they examine the tasks involved in finishing a project, estimate the time needed for each work, and determine the minimal time needed to finish the project.
PERT stands for program evaluation and review technique. What do you mean by that?PERT, also known as the Program Evaluation Review Technique, is a visual tool for project planning. The method makes it easier for project planners to determine start and finish dates as well as interim tasks and deadlines.
What is the purpose of the PERT method?A graphical representation of a project's timetable, known as a program evaluation review technique (PERT) chart, lists each individual activity required to complete the project. Because it shows job dependencies, the PERT chart is frequently preferred to the Gantt chart as a project management tool.
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xyz company sold merchandise for $5,000, with payment terms of 2/10,n/30. if the customer pays within the discount period and takes the discount, xyz will receive . multiple choice question. $3,500 $4,900 $5,000 $100
If the customer pays within the discount period and takes the discount, xyz will receive $4,900.
The customer can take a 2% discount and pay 4900 (=5000 - (2% x 5000)) xyz company sold merchandise for $5,000, with payment terms of 2/10,n/30. if the customer pays within the discount period and takes the discount, xyz will receive $4,900. The payment term is mentioned accordingly customer will receive discount.
The discount period which is allotted is matter a lot while receiving the discount because it was allotted for that period only.
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las vegas gold corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2019, 2020, and 2021, respectively. if 2019 is the base year, what percentage do 2021 sales represent of the base?
A method for evaluating a series of financial statement data over time is horizontal analysis, also known as trend analysis.
The ability of a company to meet its short-term debt obligations can be assessed using a liquidity ratio. The current ratio, quick ratio, and cash ratio are the three primary liquidity ratios.
The most common methods for analyzing financial statements are circular, horizontal, and vertical analyses. Using horizontal analysis, a financial statement item in the current year can be compared to other items in the same year.
What are shareholders most concerned about?
Long-term creditors and stockholders, on the other hand, are primarily concerned with the company's profitability and solvency.
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a 5.75 percent coupon bond with 12 years left to maturity is offered for sale at $978.83. what yield to maturity is the bond offering? (assume interest payments are paid semiannually and par value is $1,000.) multiple choice 3.00 percent 3.09 percent 5.75 percent 6.00 percent
The bond offering yields 6.00 percent to maturity.
The typical number of conversions per ad interaction is shown as a percentage. The conversion rate may be calculated by simply dividing the number of conversions by the total number of ad interactions that can be connected to a conversion during the same time frame.
The perforated portion of the statement at the bottom that you mail in with your payment is known as the payment coupon.
Present Value or Price of the bond, PV = $978.83
Total number of coupon periods, N = 12 x 2 = 24
Coupon Payment, PMT = FV x 5.75 ÷ 2
= -$28.75
CPT > I/Y = Rate or Yield (semiannual)
= 3.00
Convert Rate in annual and in % form = Yield x 2 ÷ 100
= 6.00%
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venus sportswear corporation has preferred stock outstanding that pays a quarterly dividend of $2. it has a price of $100. what is the required rate of return on the preferred stock?
8% is the required rate of return on the preferred stock. Divide next year's fixed dividend payment by the current stock value, and then add the result to the dividend's measured growth.
What is rate of return ?The required rate of return, in general, refers to how much profit a company must have in order to pursue and complete a project or investment. This figure can include anything from machinery costs to the cost of a merger. In addition to risk and the overall health of the market, the required rate of return is calculated.
The required rate of return (RRR) is the minimum return an investor will accept for owning a company's stock in exchange for a certain level of risk. In corporate finance, the RRR is used to assess the profitability of potential investment projects.
The dividend-discount model computes the RRR for equity of a dividend-paying stock using the current stock price, dividend payment per share, and dividend growth rate forecast.
RRR = (Expected dividend payment / Share Price) + Forecasted dividend growth rate
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joey, age 49, who is single, is not covered by another qualified retirement plan and earns $131,000 (agi is $131,000) in 2022. how much can he contribute to a traditional ira in 2022?
Based on the fact that Joey is single and is not covered by another qualified retirement plan, as well as his earnings, the amount he can contribute to a traditional IRA in 2022 is $5, 200.
How to find the amount to contribute?The formula for the amount that a single person can contribute to their traditional IRA according to tax laws in 2022 is:
= Traditional IRA limit for 2022 single fliers x (144, 000 - Annual earnings) / ( 144, 000 - 129, 000)
The Traditional IRA limit for 2022 single fliers is $6, 000.
This means that the amount that Joey can contribute to a traditional IRA in 2022 is:
= 6, 000 x (144, 000 - 131, 000) / (144, 000 - 129, 000)
= $5, 200
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which of the following statements is (are) true? i. a mutual fund uses money from one customer and invests it in many securities in exchange for a management fee. ii. mutual funds can only be actively or passively managed. iii. the efficient market hypothesis states that the prices of traded assets, such as stocks and bonds, reflect all publicly available information.
A mutual fund is a group of investments that is expertly supervised by a fund manager. a trust that, after receiving funds from a number of participants who share similar investing objectives, invests them in stocks, bonds, money market instruments, and/or other securities.
Explain about the mutual fund?In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
The average annualized return for 2021, when taking a look at the seven major types of mutual funds, was 11.54%. The strongest returns for investors came from large-cap stock funds, which outperformed many other types of accounts, including certificates of deposit (CDs), high-yield savings accounts, and even real estate.
The investor is not subject to taxation on dividends received from equities mutual funds, however the asset management company (AMC) is subject to DDT at a rate of 11.648%. Tax on debt mutual funds - A minimum holding time of three years is required to qualify for short-term capital gains in debt funds.
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In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.
what is mutual fund?In general, mutual funds are considered to be a secure investment and an excellent way for investors to diversify with little risk. A mutual fund may not always be the best option for a market participant, particularly when it comes to costs.The average annualized return for 2021, when taking a look at the seven major types of mutual funds, was 11.54%. The strongest returns for investors came from large-cap stock funds, which outperformed many other types of accounts, including certificates of deposit (CDs), high-yield savings accounts, and even real estate.The investor is not subject to taxation on dividends received from equities mutual funds, however the asset management company (AMC) is subject to DDT at a rate of 11.648%. Tax on debt mutual funds - A minimum holding time of three years is required to qualify for short-term capital gains in debt funds.To learn more about mutual fund refer to:
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true or false: cumulative voting means board members are elected one at a time, with each shareholder casting his or her allotted votes for each seat on the board. true false question. true false
Cumulative voting means board members are elected one at a time with each shareholder casting his or her allotted votes for each seat on the board is false.
what is cumulative voting?
Companies use cumulative voting, also known as accumulation voting or weighted voting, a multi-voting system to ensure that shareholders are represented more fairly.Each shareholder has the right to one vote per share in cumulative voting, which is calculated by multiplying that number by the number of open director positions. The votes can be distributed in any way the shareholder chooses.
To give minority shareholders more power over how the board of directors election goes, cumulative voting is used.A shareholder can give all of their votes to a single candidate under cumulative voting.
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suppose you are applying for a mortgage loan. the loan officer tells you that if you get the loan, the bank will keep the house title until you pay back the loan. which problem of asymmetric information is the bank trying to solve?
The bank and other financial institutions mortgage the property to cover the potential default risk in order to be on the safe side and reclaim the loan funds.
While every bank makes efforts in providing house loans. They run the danger of having defaulters because they are lending institutions. Since the financed amount is too high for the banks to lend to any one person, if a customer defaults or becomes an NPA, the bank will lose the money it had given to that specific consumer.So, in order to be on the safe side and to offset the losses associated with failure, the bank has mortgaged the property on which they are providing money. Once the debt is paid off, they do disclose the original property documents.
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aaa co. sold merchandise to health co. on account, $18,000, terms 2/15, net 45. the cost of the merchandise sold is $15,500. aaa co. issued a credit memo for $1,750 for merchandise returned that originally cost $1,400. the health co. paid the invoice within the discount period. what is amount of net sales from the above transactions for aaa co.?
$15,925 is the number of net sales fro. m the above transactions for aaa co. Thus, option C is correct.
What are net sales?Net sales can be defined as the total about of sales that are being done by the company. It is the sales that have been acquired trump credit as well as cash or bank transactions.
The gross sale is $18,000
the sales return of the health company is $1750
Sales return = (gross sale - Sales returns) term%
= (18000-1750) * 2/100
=325
Amount of net sales = Gross sales - (sales return + sales discount)
= 18000-(1750+325)
= $15925
Therefore, option C is the correct option.
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The question is incomplete, the complete question is:
a.$16,250
b.$14,100
c.$15,925
d.$13,818
july 1 beginning inventory 30 units at $60 5 purchases 180 units at $56 14 sale 120 units 21 purchases 90 units at $58 30 sale 84 units assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average-cost method for july?
$5508 is ending inventory (rounded) under the average-cost method for July. The cost of goods sold is the amount of sales that the company incurred as a result of the sold products.
The cost of goods sold is the amount of sales that the company incurred as a result of the sold products. This is used to calculate gross profit, which is calculated as sales minus cost of goods sold.
The average cost method determines the cost of inventory items by dividing the total cost of goods purchased or produced in a period by the total number of items purchased or produced. The weighted-average method is another name for the average cost method.
$5508 is ending inventory (rounded) under the average-cost method for July.
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sarah reports to work and clocks in at 8:00 a.m. each morning and leaves at approximately 4:30 p.m. all of her tools and supplies are supplied by the company where she is working. her supervisor directs and controls the tasks she performs on various projects. sarah is most likely considered a(n)
As Sarah reports to work and clocks in at 8:00 a.m. each morning and leaves at approximately 4:30 p.m she is most likely considered as an employee of the company.
An employee can be described as a person who works for an organization. An employee usually has a fixed working time just like Sarah has.
The supplies that are used for work are given by the company which is also the case for Sarah.
Each employee in an organization works under a supervisor who is answerable to the CEO. Sarah also has a supervisor who directs ad assigns her tasks.
Hence, based on these characteristics, Sarah will be considered as an employee.
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which of the following is an example of human capital? a. the amount you get paid each week to work at the library b. the things you have learned this semester c. the comfortable chair in your dorm room where you read economics texts d. any capital goods that require a human to be present to operate
The example of human capital is any capital goods that require a human to be present to operate as human being is required for the functioning of the machinery .
What is human capital?
Social scientists use the idea of human capital to refer to character traits that are seen advantageous in the manufacturing process. It includes education, excellent health, knowledge, and skills of the workforce. Earnings of any individual are significantly influenced by human capital.
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what is the value of company x stock if the dividend next year will be $3 and is expected to grow at a rate of 4% forever if your required return is 10.42%
The value of company x stock is USD 46.73
How do stocks work?A sort of security known as a stock represents a small portion of ownership in a company. When you purchase shares of a firm, you gain a fractional ownership stake in it. Investors invest in shares they believe will go up in value. In a case like this, company's shares value also rises. After then, the stock can be sold at a gain.
Nasdaq or the New York Stock Exchange are stock market exchange where publicly traded corporations sell their stock.
Stock investment helps the investors to grow their money over a period of time and also outpace inflation.
Shares can be purchased and sold by investors through stockbrokers. The supply as well as demand of every company's shares are looked by the stock exchanges directly impacting the price of the stock.
To solve the question :
D= 3
g= 4
r= 10.42
3/(.1042-.04)= 46.73
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which of the following types of markets is more efficient (greater overall gains from trade): a) a monopolist who does not price discriminate and has to charge a uniform price b) first-degree price discrimination
First-degree price discrimination markets are more efficient.
What is First-degree price discrimination?Price discrimination is categorized into three types: perfect price discrimination, second-degree price discrimination, and third-degree price discrimination. These price discrimination tiers are also known as personalized pricing (first-degree pricing), product versioning or menu pricing (second-degree pricing), and group pricing (third-degree pricing) (3rd-degree pricing).
First-degree discrimination occurs when a company charges the greatest possible price for each unit consumed. Because prices vary among units, the corporation keeps all available consumer surplus or economic excess for itself. Many sectors that provide client services engage in first-degree price discrimination, which occurs when a business charges a different price for each product or service given.
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whole grain bakery purchases an industrial bread machine for $29,000. in addition to the purchase price, the company makes the following expenditures: freight, $1,900; installation, $3,800; testing, $1,400; and property tax on the machine for the first year, $580. what is the initial cost of the bread machine?
The initial cost of the bread machine for a whole grain bakery is $36680
Purchase price of the machinery = $29000
The total cost of ownership, or TCO, is the overall cost of purchasing a piece of equipment. This cost includes all related expenses. For instance, factors like labour, materials, and parts all have an impact on the final price you'll pay. A machine that is more economical initially but ends up costing more in the long run.
Freight charges = $1900
Installation charges = $3800
Testing charges = $1400
Property tax on the machine for the first year = $580
Total cost of the machinery = Purchase price + Freight charges + Installation charges + Testing charges + Property tax
= 29000 + 1900 + 3800 + 1400 + 580 = $36680
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international strategy refers to a(n): a. action plan pursued by american companies to compete against foreign companies operating in the united states. b. political and economic action plan developed by businesses and governments to cope with global competition. c. strategy through which the firm sells its goods or services outside its domestic market.
International strategy refers to a political and economic action plan developed by businesses and governments to cope with global competition.
An international strategy is usually the first approach most companies take when expanding globally. That is, exporting or importing goods and services while maintaining a head office or branch in the home country. There is no one-size-fits-all approach to global expansion as a company.
Cross-border strategies are the best, but also the most complex in terms of relationships and communication. Visualizing four different international strategic models helps to understand the relationship between branch offices and headquarters.
Strategy is the action a manager takes to help him achieve one or more organizational goals. Strategy can also be defined as "the general direction along which an organization and its various components will achieve the desired future state". Strategy is born out of a detailed strategic planning process. "
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the tinsley company exchanged land that it had been holding for future plant expansion for a more suitable parcel located farther from residential areas. tinsley carried the land at its original cost of $62,500. according to an independent appraisal, the land currently is worth $150,000. tinsley paid $23,000 in cash to complete the transaction. required: what is the fair value of the new parcel of land received by tinsley assuming the exchange has commercial substance? prepare the journal entry to record the exchange assuming the exchange has commercial substance. prepare the journal entry to record the exchange assuming the exchange lacks commercial substance. prepare the journal entry to record the exchange except that tinsley received $30,000 in the exchange, and the exchange lacks commercial substance.
1. Fair Value of the new land= Fair Value of old land + Cash given
= $150,000 + $23,000
= $173,000
2. Journal Entry for the Transaction-
Dr Land - new $173,000
($150,000 + $23,000)
Cr Cash $23,000
Cr Land - old (book value) $62,000
Cr Gain $88,000
($150,000 - $62,000)
3. Dr Land - new $44,000
($62,500 + $23,000)
Cr Cash $23,000
Land - old (book value)$62,500
what is a Journal Entry?
Journal entry is a process which is done in order to document a business transaction in the accounting records of the company. A journal entry is often made in the general ledger, but it can also be made in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarized. After then, the general ledger is utilized to produce the company's financial statements.
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bill buyer and sam seller have a contract with an inspection objection deadline of may 1. bill undertakes inspections and notifies sam on the morning of may 2 that he objects to a hole in the roof and asks sam to repair it. sam refuses to fix it. what are the parties' rights? the contract has a liquidated damages provision.
Bill may cancel the agreement, but he will forfeit the earnest money deposit. a clause in a contract that requires a party in breach to compensate the other party with a predetermined sum of money in exchange for the breaching party's failure to carry out a certain job or adhere to a specific duty or obligation.
What sort of damage is considered liquidated?When a person or bank lends money in the form of a loan and the allotted period for payback expires before the payment is finished, that is an example of liquidated damages. According to the terms of the contract, the party who is in default must make up for this harm.
What is a liquidated losses provision, and under what circumstances might it be void?The liquidated damages provision aids in compensating parties for anticipated contract breaches. It compensation payment is too large in relation to market value, it is no longer enforceable.
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the equilibrium price in this market is $2.50 and the equilibrium quantity is 25 units. if the government imposes a tax of $3 in this market, only 10 units will be sold, and the deadweight loss will equal:
The deadweight loss will be equal to $37.5, considering the equilibrium price and equilibrium quantity.
Given,
Equilibrium price = $2.50
Equilibrium quantity = 25 units
Tax imposed by government = $3
No. of units sold = 10
No of units remained unsold = 25-10 = 15
Deadweight loss = $15*$2.50 =$37.5
When market supply and demand are in harmony, prices become steady. This is known as price equilibrium. In general, a surplus of products or services results in lower prices which increases demand, while a shortfall or insufficient supply drives up prices, which diminishes demand.
A state of equilibrium is generated by the action of supply and demand balancing one another.
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what includes all activities related to internal and external business operations such as servicing customer accounts, collaborating with partners, and exchanging real-time information?
E-business includes all activities related to the internal and external operations of a business, such as exchanging real-time information, servicing customer accounts, and collaborating with partners.
E-business OR electronic business refers to any process that a business enterprise conducts over the web. Business enterprises include any governmental, for-profit, or nonprofit entity. E-business synchronizes all the activities of the supply chain to make the business operations more efficient and improve customer experience with reduced cost and faster response.
E-business is not a technology business itself but it is a business of any nature that uses new technologies in order to boost management processes. A few examples of e-business are auction sites, software developer sites, online ticket reservation sites, etc.
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according to the tannenbaum and schmidt model of situational leadership, what are the factors managers should consider before deciding how to lead? (choose every correct answer.)
The relationship between a manager's level of power and the degree of flexibility they decide to give their workforce is depicted by the Tannenbaum and Schmidt continuum. As the team's flexibility increases, the manager's authority should decrease.
Robert Tannenbaum and Warren Schmidt, contingency theorists, claimed that leadership behavior varies along a continuum and that the level of follower involvement and participation in decision-making grows as leaders move away from the authoritarian extreme (1958, 1973).
Taylor and Schmidt The manager's amount of power and the degree of flexibility they grant their staff are correlated, as shown by the continuum model.
According to the follower, the situational leadership model tackles four different leadership philosophies: selling, telling, and influencing.
Participating.
Delegating.
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What is telecommuting?
Answer:
Telecommuting is the practice of working from home using the internet, by including email, and using the telephone.
Explanation:
Answer: Telecommuting is the practice of working from home using the internet, by including email, and using the telephone.
Explanation: Its right for 4515Vs2 - Business Leadership -2019
in october 2005, a company employs 8500 people and its total monthly wage bill is 11.9 million dollars. what is the average monthly wage of the company's employees?
Average monthly wage : 1400 dollars.
The company is growing at a rate of 25 employees per month.
The total monthly wage bill is increasing at a rate of 300 thousand dollars per month.
What is average monthly wage?The amount a person makes each month is their average monthly income. You may determine how much money you have available each month after taking off deductions like federal or income taxes by using your typical monthly income.
the meaning of. average salaries The ratio of the average usual weekly hours per full-time employee to the average usual weekly hours for all employees is used to calculate average earnings by dividing the total wage bill based on national accounts by the average number of employees in the entire economy.
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what two product factors affect production location decisions? question 3 options: a) cost to manufacture the product and the distribution requirements b) degree of customization required and economies of scale c) worker availability and prevailing wages in that country d) value-to-weight ratio and serving the same universal needs
Value-to-weight ratio and serving the same universal needs are factors affect production location decisions.
A product's value to weight ratio serves as a gauge for how much money it is worth per kilogram or pound. This is a crucial metric used in supply chain strategy and design. One of the most crucial elements, along with inventory holding expenses, is how a product will be delivered to its market and customers. It may also have an impact on the design, manufacture, and storage of products.
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what are the advantages of unionization? check all that apply. unions can help employees increase their job tenure, performance, and earnings. unions give employees the opportunity to give feedback to management. unions can help organizations allocate resources more effectively. unions provide a balance for the power of managers.
The advantages of unionization are unions can help employees increase their job tenure, performance, and earnings. Unions give employees the opportunity to give feedback to management.
Union members work together to barter and enforce a contract with the control that ensures the stuff you care about like first-rate raises, lower-priced fitness care, job protection, and a strong timetable. higher workplaces and operating conditions without the fear of retaliation.
The main reason for labor unions is to provide workers the power to negotiate for extra favorable running conditions and other advantages through collective bargaining.
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related diversification strategies are strong when built upon sharing multiple choice competitively valuable resources. generalized resources and capabilities. general management capabilities. human resource management capabilities. resources that have a broad utility and application outside a diversified company's core industry.
Related diversification strategies are strong when built upon sharing competitively valuable resources.
Diversification is a business strategy for entering new markets that include new products or product lines, new services, or entirely different skills, techniques, or knowledge.
A diversification strategy is used when a company wants to grow. This is the practice of introducing new products into the supply chain to increase profits. These products can become new segments of the industry the company is already in, known as business-level diversification.
Related diversification occurs when a company enters a new industry that shares important similarities with an existing industry (Figure 8.1). Film and television are both aspects of entertainment, so Disney's acquisition of ABC is an example of a related diversification.
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buying stock with a market order you would like to buy shares of ralph lauren (rl). the current bid and ask quotes are $85.13 and $85.20, respectively. you place a market buy-order for 500 shares that executes at these quoted prices. how much money did it cost to buy these shares? multiple choice $42,600 $35 $42,565 $85,165
Investors that trade funds for these units to reflect equity ownership in a company or financial asset are the owners of shares. Voting rights and potential profits from price growth and dividends are made possible by common shares.
Explain about the shares in market ?Shares are fractional ownership interests in a corporation. For some businesses, shares are a type of financial instrument that allows for the equitable distribution of any declared residual profits in the form of dividends. A stock with no dividend payments does not distribute its income to its shareholders.
The smallest unit of stock in a firm is called a share. Therefore, shares is the proper noun to use when assigning stock and referring to certain characteristics. Technically speaking, shares are equivalent to stock units. Several classifications of a company's shares are referred to as "common" and "preferred" shares.
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you own a beverage company and have a few different types of beverages on the market. one of the diet sodas isn't doing as well as your other sodas and you want to see what you can do to increase your sales. after conducting some research, you see that 80% of your total potential market (100%) is aware of your product. furthermore, 75% have adequate knowledge about your product and 65% say they like the product. half say they intend to buy the product and 45% of the market actually buy it. what aspect of the hierarchy of effects should be the promotional objective?
The goal of promotional campaigns should be to increase the number of people who plan to purchase.
What are the promotional objectives? What are a few examples of promotional objectives?Promotional Goals are a component of a comprehensive marketing plan. The initial stage of a marketing campaign is developing a brand identity with visuals and phrases. This is followed by expanded messaging sent either directly through personal email marketing communications or through social media.
Making items and services more in demand. A retailer might do this by advertising a sale in order to increase foot traffic.
Why is it vital to have a promotional goal?Advertising and other marketing communications have goals known as promotional objectives. Marketing plan must include market promotion. Today's marketers frequently employ this potent tool to attain their marketing objectives in a cutthroat market.
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