An organization spends heavy research and development and has a product focus. This organization is likely to have a ________ driven approach to the marketplace
A) sales
B) marketing
C) customer
D) technology
D
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The annual interest earned on an amount deposited into a bank account will be the same each year when compound interest is used
Indicate whether the statement is true or false
Explain the benefits of conducting secondary research
Conscious marketing encompasses all of the following overriding principles except
A. consideration of stakeholders and their interdependence. B. recognition of marketing's greater purpose. C. recognition of the company's bottom line. D. the understanding that decisions are ethically based. E. the presence of corporate leadership, creating a corporate culture.
Stockett, Inc has prepared its third quarter budget and provided the following data
Jul Aug Sep Cash collections $50,000 $39,700 $47,600 Cash payments: Purchases of direct materials 30,000 22,000 18,000 Operating expenses 12,300 8,700 11,700 Capital expenditures 13,000 24,400 0 The cash balance on June 30 is projected to be $4,500. The company has to maintain a minimum cash balance of $5,000 and is authorized to borrow at the end of each month to make up any shortfalls. It may borrow in increments of $5,000 and has to pay interest every month at an annual rate of 4%. All financing transactions are assumed to take place at the end of the month. The loan balance should be repaid in increments of $5,000 whenever there is surplus cash. How much will the company have to borrow at the end of August? A) $15,000 B) $5,000 C) $10,000 D) $20,000