What is the purpose of profitability control, and how do marketers use it?
What will be an ideal response?
The purpose of profitability control is to examine where the company is making and losing money. Companies should measure the profitability of their products, territories, customer groups, segments, trade channels, and order sizes to help determine whether to expand, reduce, or eliminate any products or marketing activities.
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Answer the following statements true (T) or false (F)
1. A natural resource is an asset that comes from the earth and is consumed. 2. The process by which businesses allocate a natural resource's cost to expense over its usage is known as depreciation. 3. The units-of-production method is used to compute depletion expense. 4. Depletion expense should not be recorded for natural resources because they do not decrease in value over time.
In the communication model, the ________ can be any organization or individual that intercepts and interprets a message
A) medium B) receiver C) source D) encoder E) noise source
HH Aaron Company is planning to sell Product X for $80 per unit. Variable costs are $50 a unit and fixed costs are $ 150,000 . What must total sales be in order to break even?
a. $500,000 b. $900,000 c. $ 400,000 d. $800,000
Providing the needed motivation for the project team is a nontraditional duty of a project champion
Indicate whether the statement is true or false