Answer:
Word of mouth marketing (WOM marketing) is the best or worst possible propaganda that a business can have. If the client is very happy and satisfied with your product he/she might tell his/her friends about it. But if the client is unhappy and dissatisfied with your product or service, he/she will definitely tell his/her friends about how bad your product is. WOM marketing is like gossip, it can help or it can hurt.
For example, a client goes to a local grocery store and is looking for a specific type of yogurt which isn't available and instead grabs a sugar free yogurt from a new dairy company. When he gets home and eats the yogurt, he discovers that it tastes great and the fact that it is sugar free is a plus. Since he really liked the new yogurt, he told his parents and friends about how good the products of the new dairy company were.
Answer:
A person might go get gas at a local gas station and compare its prices to other local ones. If this station has cheaper gas (or fewer cars/traffic, for example), then the customer will tell his/her friends that it is more efficient to go get gas at that specific station instead of others. The person was motivated by the price of the station, which reduces costs for both them and their friends.
Explanation:
Word of mouth promotion is promoting a good or service personally to acquaintances, so this is also an example of it.
Answer:
$ 3,290
Explanation:
Given that
Merchandise on account sold to Langston = 5000 at 2/10 n/30
2/10 n/30 means 2/10 net 30 refers to a trade credit indicating that the buyer enjoys 2% discount.
Also,
Langston returned $1000 worth of damaged goods.
Thus,
Amount of check
= (Initial sales price - returned damaged goods) × 100% - discount
= (5000 - 1000) × 100 - 2
= (5000 - 1000) × 98%
= $ 3920
Answer: Planning, organizing, leading and controlling.
Explanation: Planning refers to setting of objectives and goals. Organizing focuses on collection of resources to attain those objectives. Leading refers to persuading the employees to work on plan. Whereas, controlling refers to taking actions for effective implementation of the plan made.
Together these four terms are described as functions of management which helps an organization to achieve its goals.
Answer:
planning, organizing, leading and controlling
Explanation:
hope it helps ;)
Answer:
700 units
Explanation:
No of orders per year=annual demand/optimal order quantity
No of orders per year=12,000/600=20
Average orders per month=20/11=1.75
Average Inventory=1.75*400=700
Please note that 11 months are taken as 1 month is lead time therefore it is excluded for per month orders.