?Explain why a knowledge of marketing is beneficial for all students.
What will be an ideal response?
Studying marketing allows us to understand the importance of marketing to customers, organizations, and our economy. Thus, we can analyze marketing efforts that need improvement and how to attain that goal. As a consumer becomes more aware it is possible to improve purchasing decisions. Understanding marketing enables people to evaluate corrective measures (such as laws, regulations, and industry guidelines) that could stop unfair, damaging, or unethical marketing practices.?
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[APPENDIX] Tarr, a sole proprietorship, had the following balances and transactions during 2016: beginning capital, $40,000; contribution of cash to the business by the owner, $15,000; revenue, $60,000; expenses, $35,000; withdrawal by the owner, $5,000 . What is the amount of the ending capital balance?
a. $40,000 b. $60,000 c. $75,000 d. $85,000
The boards of directors for Family Eldercare and Meals on Wheels decided not to merge due to ______.
A. internal conflict B. financial issues C. client opposition D. different planning strategies
Give some examples of how inadequate feedback can be detrimental.
What will be an ideal response?
The relationship among net profit margin, asset turnover, and financial leverage is known as _____
a. zero-based budgeting b. the strategic profit model c. opportunity costs d. gross profit