BUSINESS HIGH SCHOOL

Carmex's first efforts in marketing research had the research objective of figuring out who it was as a company and what the Carmex name means. In the first stage of the marketing research approach, ________, the research objective is set. A. defining the problem
B. developing findings
C. taking marketing actions
D. collecting relevant information
E. developing the research plan

Answers

Answer 1
Answer:

Answer: Definition the problem.

Explanation:

In trying to solve a problem, the first and the most basic step to take is to identify or define the problem, this stage involves determining the circumstances and situation as it helps one to be focused and pay attention to what the real problem is.

It is the first step and the most important, although it is most times difficult.

Defining the problem must answer the question "why", "who", "where","what", "how" and "when".

Defining the problem helps one to gain control over the situation.


Related Questions

COLLEGE

Jim is one of several general partners who own beef 'n beer, a small chain of restaurants located in missouri and illinois. jim is interested in converting the partnership into a master limited partnership. if he convinces other partners to go along with his idea, beef 'n beer will: offer shares of ownership that are traded on a stock exchange much like a corporation. pay its taxes like a corporation. begin to operate much like a sole proprietorship. have to change its name to include the term ltd. in its title to indicate its owners have limited liability.

Answers

The correct answer is "offer shares of ownership that are traded on a stock exchange much like a corporation".

Master limited partnerships work much like enterprises with shares of proprietorship exchanged on the stock trades, however like a partnership they are taxed, where every proprietor includes his/her profits to other individual pay earned and pays tax on it at the proprietor's own rate of income tax.

COLLEGE

A static budget is appropriate in evaluating a manager's performance if actual activity closely approximates the master budget activity.
actual activity is less than the master budget activity.
the company is a not-for-profit organization.
the company prepares reports on an annual basis.

Answers

Answer:

The correct answer is letter "A": actual activity closely approximates the master budget activity.

Explanation:

A static budget includes projected values of inputs and outputs conceived before a company period begins. It estimates revenue and expenditure over a particular period which keeps the same with changes in business activity. It is also a helpful tool that allows rating the manager's performance by checking if the goals set in the master budget are being accomplished or not.

COLLEGE

At January 1, 2016, Sheffield Corp. has beginning inventory of 3000 surfboards. Sheffield estimates it will sell 11000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Sheffield’s policy is to maintain an ending inventory equal to 25% of the next quarter’s sales. Each surfboard costs $100 and is sold for $150. How much is budgeted sales revenue for the third quarter of 2016?

Answers

If Sheffield estimates it will sell 11000 units during the first quarter of 2016 with a 12% increase in sales each quarter. The amount of the budgeted sales revenue for the third quarter of 2016 is $2,069,760

First step is to estimate first quarter sales

Estimated first quarter sales= 11,000 units + (11,000 units x 12%)

Estimated first quarter sales=11,000 units +1,320 units

Estimated second quarter sales in units=12,320 units

Second  step is to estimate second quarter sales

Estimated second quarter sales= 12,320 units + (12,320 units x 12%)

Estimated second quarter sales= 12,320 units + 1,478.4 units

Estimated second quarter sales= 13,798.4 units

Third step is to calculate  how much is budgeted sales revenue for the third quarter of 2016 using this formula

Budgeted Sales for Third Quarter=Estimated second quarter sales × Selling price per unit

Let plug in the formula

Budgeted Sales for Third Quarter=13,798.4 units × $150

Budgeted Sales for Third Quarter=$2,069,760

Inconclusion if Sheffield estimates it will sell 11000 units during the first quarter of 2016 with a 12% increase in sales each quarter. The amount of the budgeted sales revenue for the third quarter of 2016 is $2,069,760

Learn more here:

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Answer:

budget sale revenue  = $2,069,760

Explanation:

given data

beginning inventory = 3000

sell  = 11000 units

sales = 12% increase

ending inventory = 25%

surfboard costs = $100

sold = $150

to find out

How much is budgeted sales revenue for the third quarter of 2016

solution

first we will get here budget sales unit for quarter 3 that is

budget sales unit = ( 11000 × 112% ) 112%

budget sales unit = $13798.4

and

selling price is here $150

so

budget sale revenue for 3rd quarter sale is = budget sales unit × selling price

budget sale revenue  = $13798.4 ×  $150

budget sale revenue  = $2,069,760

HIGH SCHOOL

When union representatives negotiate with employers for better wages and working conditions, they are involved in __________?

Answers

They are in a labor union
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