Briefly describe the current marketing communications environment

What will be an ideal response?


Answer: Technology and other factors have profoundly changed the way consumers process communications, and even whether they choose to process them at all. The rapid diffusion of multipurpose smart phones, broadband and wireless Internet connections, and ad-skipping digital video recorders (DVRs) have eroded the effectiveness of the mass media. In 1960, a company could reach 80 percent of US women with one 30-second commercial aired simultaneously on three TV networks: ABC, CBS, and NBC. Today, the same ad would have to run on 100 channels or more to achieve this marketing feat. Consumers not only have more choices of media, they can also decide whether and how they want to receive commercial content.

Business

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Answer the following statement true (T) or false (F)

Business

In order to exclude the implied warranty of merchantability, the seller must put the exclusion in writing.

Answer the following statement true (T) or false (F)

Business

Unrecorded revenues that have been earned but for which cash has not yet been received are ________

a. accrued revenues b. prepaid expenses c. accrued expenses d. unearned revenues

Business

Michelle has just been appointed to a virtual team that will use a wiki to keep in touch, and she wants to be a valuable team participant and contributor to the wiki. What is the best advice you can give her?

A) Post controversial and provocative comments to make the wiki interesting. B) Verify all facts before posting them to the wiki. C) Insist on recognition for everything you post to the wiki. D) Rely on the wiki's appointed editor to proofread for grammar and spelling.

Business