Management at Work

You work as a salesperson for Spectrum Color, a chemical manufacturer, which keeps you very busy. Your customers are photographers who use Spectrum’s products to create professional images for publication. They are usually a friendly clientele. Today, however, customer Jesse Adamson is upset when he calls to inquire about his order. Jesse says he will miss his deadline if he doesn’t receive his order right away. He threatens to stop using Spectrum Color if the company does not meet his demand and fill his order immediately.

1. What is the most important message this customer is trying to convey?
a. He is an important photographer.
b. He is having financial problems.
c. He urgently needs his chemical order.

2. What can you do to listen more effectively to this customer?
a. Transfer the call to your supervisor, so the caller calms down.
b. Ask gentle, probing questions.
c. Defend the company’s reputation.

Answers

Answer 1

Answer:

1) c

2) b

Explanation:

Answer 2

Answer:

c. He urgently needs his chemical order.

Jesse is upset about one thing: his missing chemical order. Because the order is late, he may miss his deadline, which could hurt his reputation and earnings. His primary message is that he needs his chemical order right away.

b. Ask gentle, probing questions.

Customers want you to demonstrate that you genuinely care about them and the service you are providing. By asking gentle, probing questions of customers, you demonstrate concern and ensure a clear understanding of the situation, so you are better prepared to offer a solution.

Defending the company’s reputation or passing the call on to your supervisor would not help address the customer’s concerns. If you are unable to help solve the customer’s problem, you might transfer the call to your supervisor at the customer’s request.


Related Questions

Identify and describe four factors that will cause a demand curve for gasoline to shift to the left or decline. What will the likely effect on prices

Answers

Answer:

four factors that could potentially cause a leftward shift in the demand curve for gasoline include

higher prices in gasoline

substitutes for gasoline available at lower prices

substitutes for complementary products (such as electric vehicles) being available at lower prices

changes in consumer income or purchasing power

Explanation:

higher gas prices will have a negative impact on consumer purchasing power, resulting in a decline in demand for the product

substitutes for gasoline, such as diesel or natural gas, at lower prices will cause demand for said substitutes to increase, resulting in a decline in demand for gasoline

complementary products to gasoline are gas-powered vehicles. when demand in a complementary product decreases, so will the demand in the initial product--in this case, gasoline

when consumer income declines, consumer purchasing power declines; this results in a decline in demand for products, such as gasoline

If you had to explain to someone what “citing a source” means, how would you describe it?

Answers

Answer:

A citation identifies for the reader the original source for an idea, information, or image that is referred to in a work. In the body of a paper, the in-text citation acknowledges the source of information used. At the end of a paper, the citations are compiled on a References or Works Cited list.

Knowledge Check 01 Transactions that result in significant investing and financing activities but that do not involve cash are reported either directly after the statement of cash flows or in a note to the financial statements. Group startsTrue or False

Answers

It is TRUE that the significant non-cash investing and financing activities transactions, which cannot be reported in the statement of cash flows, are reported after the statement or in a separate note to the financial statements.

Some of the significant non-cash investing and financing activities include the issuance of stock for long-term assets or debt retirement and purchasing long-term assets with long-term notes payable.

Thus, these significant non-cash investing and financing activities cannot be reported in the statement of cash flows but require separate disclosure.

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Even though it is often the case that no cash outflows result when demand exceeds capacity, __________ can nevertheless be experienced in those circumstances. Multiple Choice holding costs service costs foreorder costs shortage costs setup costs

Answers

Even though it is often the case that no cash outflows result when demand exceeds capacity, shortage costs can nevertheless be experienced in those circumstances.

Shortage costs will now be explained.

What are Shortage costs?

Shortage costs are those costs that an organization suffers when there is no inventory in stock. These could arise when;

Customers go to other sources to purchase the itemsWhen the business has to pay for the cost of shipping goods to the warehouse

So even when the business cannot meet the demands of customers, they might still suffer from shortage costs as explained above. So, even if there is no cash outflow, there are shortage costs.

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In this chapter, we have been discussing pension plans (and a little bit about post-retirement plans), mainly how to account for defined benefit plans. After having learned at least some of the complexities of accounting for a defined benefit plan, express your opinion about whether these plans are worth it. Come at this from the perspective of the employer, the employee/retiree, and the government and write what you think -- are they worth it

Answers

It should be noted that defined benefit plans are worth it as they provide a secure lifetime retirement income for the employee.

Defined benefit plans are also known as the traditional pension plan. It gives a specified payment amount in retirement. It's important as it allows employees and employers to be able to invest funds in order to save for retirement.

Defined benefit plans are beneficial as they give eligible employees a guaranteed income for life when they retire. This is important as the person can have a source of income when they're not working anymore.

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Walmart, Target, and Costco are competitors. Target wants to gain a competitive advantage and increase its market share. What should Target NOT offer to achieve a competitive advantage

Answers

Since Target is interested in gaining a competitive advantage by increasing its market share against competitors, Costco, Target should NOT offer A. Increased shipping and handling fees.

If Target increases the fees for shipping and handling, it will lower its competitive advantage with customers. To improve its competitive advantage, Target should explore the other three options.

Options for the Question:

A. Increased shipping and handling fees

B. Low prices

C. Excellent customer service

D. A high-product quality

Thus, offering increased shipping and handling fees should not feature in the efforts of Target to gain a competitive advantage over Costco.

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A retirement account in which investments are not tax-deferred but can be
withdrawn tax-free is called a
A. 401(k)
B. Roth IRA
O C. SEP IRA
O D. traditional IRA

Answers

Answer:

Roth IRA

Explanation:

A Roth IRA is a form of a retirement plan that does not permit assets to grow tax-deferred but permits tax-free withdrawals. Therefore, the correct answer is option b. Roth IRA.

With its tax-free growth and withdrawals, increased flexibility, and potential for higher profits, a Roth IRA is an effective tool for retirement savings. A Roth IRA's tax-free growth and withdrawals are one of its main advantages, which can be a big plus for investors who anticipate being in a higher tax band in retirement.

Investors have more freedom and control over their retirement funds because Roth IRAs do not have mandatory minimum withdrawals. They are free to keep their funds in the account indefinitely.

The fact that Roth IRAs do not have the same income restrictions as standard IRAs is another benefit of them. This makes Roth IRAs an appealing alternative for high-earners who might not be qualified for other types of retirement accounts because investors can contribute to one regardless of their income level.

Therefore, the correct answer is option b. Roth IRA.

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How does directing build group dynamics?

Answers

Answer:

6 STRATEGIES FOR MANAGING AND IMPROVING TEAM DYNAMICS

1. Conduct a diagnosis and get to know your team

Conduct a diagnosis of what is going wrong in your team by doing a team health check. Observe your team at work and conduct individual interviews in a private, safe and confidential space. Talk to other relevant people, such as customers and line managers, to find out as much as you can about your team’s problems.

2. Address problems quickly

3. Create a team charter

4. Enhance team culture

5. Build communication

6. Always pay attention

What are team dynamics?

A team can be defined as two or more people working together to interdependently to meet a specific goal or purpose. Outside of this, a team can be for the long term or come together for a few hours. Group dynamics can be understood as how team member’s distinct roles and behaviours impact other group members and the group as a whole. Team dynamics are therefore the unconscious, psychological factors that influence the direction of a team’s behaviour and performance.

What do positive group dynamics look like?

A team with positive group dynamics tend to have team members who trust each other. They can work towards collective decisions and they are held accountable for outcomes. A team with good group dynamics may be constructive and productive, and it may demonstrate mutual understanding and self-corrective behaviour. On the other hand, poor group dynamics can be disruptive for successful decision making and work outcomes.

Group dynamics matter because they impact things like creativity, productivity and effectiveness. Since group work is integral to organisations, for business leaders, addressing group dynamics can lead to better work outcomes, customer satisfaction and an improved bottom line.

 

Select the BEST answer choice.

Read the following scenario and identify the way in which the government is demonstrating economic involvement. Sam's Super Healthy Candy is going out of business after the government severely fined the company for failing to inform consumers about the added sugar in the company's products.

Group of answer choices

Maintains competition

Produces goods and services

Provides welfare services

Manages regulatory programs

Answers

Government can demonstrate its economic involvement by d. manages regulatory programs.

According to the regulation on consumer services, Sam's Super Healthy Candy must inform consumers about the added sugar in its products. For failing to do this, the government severely fined the company. In this way, the government shows that it is involved in the economy through its regulatory activities.

The government does not show its economic involvement by only maintaining competition, producing goods and services, or providing welfare services.

Thus, the government demonstrates its economic involvement by regulating the activities of commercial entities.

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The key issue in oligopoly markets is the seller's actions: a.Completely independent of each other. b.Controlled by the main seller in the market. c.Interdependent in that the actions of one seller directly impact all other sellers. d.Regulated or controlled by a government agency.

Answers

It should be noted that a key factor in oligopoly markets is that the sellers are C. Interdependent in that the actions of one seller directly impact all other sellers.

Oligopoly simply refers to the market that has a small number of firms who are interdependent of each other's price and output policies.

It should be noted that the firms cannot act independently. They have to take other sellers into consideration when making a decision.

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Identify the supply chain management process that produces, tests, packages, and prepares products for delivery.

Answers

Answer:

Supply chain execution system

Explanation:

supply chain execution system

Explain the characteristics of public limited companies

Answers

Explanation:

Life span

Number of shares

Financial privacy

Bluebird Mfg. has received a special one-time order for 15,000 bird feeders at $3 per unit. Bluebird currently produces and sells 75,000 units at $7.00 each. This level represents 80% of its capacity. These bird feeders would be marketed under the wholesalerâs name and would not affect Bluebirdâs sales through its normal channels. Production costs for these units are $3.50 per unit, which includes $2.25 variable cost and $1.25 fixed cost. If Bluebird accepts this additional business, the incremental cost will be: ____________

a. $45,000.
b. $7,500.
c. $33,750.
d. $38,750.
e. $11,250.

Answers

If Bluebird accepts this additional business, the incremental cost will be: c. $33,750.

Using this formula

Incremental cost=Number of order for  feeders× Variable cost

Where:

Number of order for  feeders=15,000 feeders

Variable cost=$2.25

Let plug in the formula

Incremental cost=15,000×$2.25

Incremental cost=$33,750

Inconclusion  if Bluebird accepts this additional business, the incremental cost will be: c. $33,750.

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Exercise 11-7 (Static) Depreciation methods; partial periods [LO11-2] On March 31, 2021, Susquehanna Insurance purchased an office building for $12,000,000. Based on their relative fair values, one-third of the purchase price was allocated to the land and two-thirds to the building. Furniture and fixtures were purchased separately from office equipment on the same date for $1,200,000 and $700,000, respectively. The company uses the straight-line method to depreciate its buildings and the double-declining-balance method to depreciate all other depreciable assets. The estimated useful lives and residual values of these assets are as follows: Service Life Residual Value Building 30 10% of cost Furniture and fixtures 10 10% of cost Office equipment 5 $30,000 Required: Calculate depreciation for 2021 and 2022.

Answers

Depreciation is the accounting method of allocating cost of an asset over its useful life.

It can be calculated in different ways.

The data given is

                                                       Depreciation

                                             Useful   Residual              Year

                                            Life          Value             2021             2022

Building                                 30      10% of cost      180,000         240,000

                                                           8,000,000

Furniture and fixtures          10        10% of cost     1800,000    2040,000

                                                          120,000

Office equipment                 5          $30,000          210,000     196,000

Note: The first year's depreciation for the three assets is lesser due to the depreciation calculated for 9 months from April to December and the next year's depreciation is for 12 months.

Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life

A. Depreciation Building Straight Line Method= $ 8,000,000- $800,000/ 30= $ 240,000

The depreciation expense using the straight line method does not change unless the salvage value is reached.

B. Straight Line Rate= 100%/ useful Life

Straight Line Rate for furniture= 100%/ useful Life= 100%/10= 10 %

Straight Line Rate  Office Equipment= 100%/ useful Life= 100%/ 5= 20 %

 

Double Declining Method = 2 * Straight Line Rate

Double Declining Method Furniture= 2 * Straight Line Rate= 2*10%= 20%

Double Declining Method  Office Equipment= 2 * Straight Line Rate= 2*20%= 40%

In double declining method the rate is multiplied to the cost to get the depreciation expense.  20 % of $ 12,000,000= $ 2400,000

Each year the rate is multiplied with the remaining book value after deducting the depreciation expense from the cost as $ 12,000,000- $ 1,800,000= $ 10,200,000

Next years depreciation will be $ 10,200,000 * 20%= $ 2040,000.

This will be added in the original depreciation expense $ 1800,000 + $ 2040,000 = $ 3840,000 and deducted from cost to get the book value. $ 12,000,000- $ 3840,000 = $ 8160,000

Again rate will be multiplied and each years depreciation will be calculated similarly.

It has been summarized in the table below.

    Years        Dep Rate               Dep Expense       Accu. Dep.          Book

                                                                                                            Value

a. 2021           20% 12,000,000          2400,000     1800,000    $ 10,200,000  

b. 2022         20% $ 10,200,000        2040,000     3840,000    $ 8160,000

Office Equipment

    Years        Dep Rate               Dep Expense       Accu. Dep.          Book

                                                                                                            Value

a. 2021           40% 700,000          280,000           210 ,000       $ 490,000  

b. 2022         40% $ 490,000        196,000             406,000    $  294,000

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What is the importance of physical distribution?

Answers

physical distribution helps in maintaining stable prices. Even customers expect price stability over a period of time. proper use of transportation and warehousing facilities can help in matching demand with supply and thus ensure stabilisation of price.

__ is the monetary value of what a company received for goods sold, services rendered, and all other payments to the firm.

Answers

The  monetary value that is been gotten by a company for the sold goods as well as services rendered and payments to the firm is revenue.

Revenue can be regarded as money that is been received from normal business operations.

This can be calculated by multiplying average sales price with number of units sold.

Therefore, revenue is the correct term.

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Fire Chief McGuire could see the problem from a mile away. Flames were leaping out of the old barn, blown by a west wind. Arriving at the scene, he noticed a young firefighter heading toward the back of the building. The fire chief yelled, “Stop!” but the rookie kept going. McGuire knew that the kid was putting his life in danger by going out of sight. There was no time to waste.

The __________________________ conflict-handling technique is most appropriate in this situation.

a. compromising
b. collaborating
c. dominating
d. accommodating
e. avoiding

Answers

Answer:

c. dominating

Explanation:

The dominating conflict-handling technique is most appropriate in this situation.

Bryan Corp. has two departments: Wholesale and Retail. The following information is available: Wholesale Retail Total Actual sales (in units) 20,000 30,000 50,000 Budgeted sales 15,000 45,000 60,000 Budgeted contribution margin (per unit) $5 $3 What is the sales-quantity variance for the retail division

Answers

The sales-quantity variance for the Retail Division of Bryan Corp. is 15,000 units (unfavorable).

Data and Calculations:

Divisions                                               Wholesale      Retail         Total

Actual sales (in units)                              20,000      30,000     50,000

Budgeted sales                                       15,000       45,000     60,000

Budgeted contribution margin (per unit)     $5               $3

Sales-quantity variance                         5,000 F    15,000 U   10,000 U

Sales-quantity variance for the Retail Division = 15,000 units U (45,000 - 30,000).

Thus, the Retail Division recorded an unfavorable sales-quantity variance of 15,000 units.

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What is the major difference between a conventional marketing channel and a vertical marketing system (VMS)

Answers

Answer:

ha I sry I'm sry

Please answer the questions in the image. This is so frustrating....

Answers

I don’t see the image

Your employer is a social media company. Which situation best illustrates potential noncompliance with laws and regulations (NOCLAR), as proposed by the AICPA's Professional Ethics Executive Committee

Answers

If the social media company is in a situation that illustrates potential noncompliance with laws and regulations (NOCLAR) as proposed by the AICPA's Professional Ethics Executive Committee, a. The company's management is violating data protection laws.

The company's violation does not involve its largest vendor, contractor, or because the company's CEO has not filed his income tax returns for two years.

Thus, the management of the company may be violating data protection laws.

Question Options:

a. The company's management is violating data protection laws.

b. The company's largest vendor inadvertently violated data protection

regulations

c. The company's contractor has several violations on its record

d. The company's CEO has not filed his income tax returns for two years

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Answer:The company's management is violating data protection laws.

Explanation:If the company is violating the proposed guidelines by the AICPAS's professional ethics executive committee, such as disclosing client or employer information without consent, Thus, the management of the company is violating data protection laws.

Lay's Meat Market has 8,000 shares of stock outstanding at a price per share of $13. What will the price per share be if the firm declares a 3-for-5 reverse stock split

Answers

The price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

First step is to calculate the number of shares

Number of shares=[(8,000/$13)×3/5]

Number of shares=369.23

Second step is to calculate the price per share using this formula

Price per share=Shares of stock outstanding/Number of shares

Let plug in the formula

Price per share=8,000/369.23

Price per share=$21.666

Price per share=$21.67 (Approximately)

Inconclusion the price per share be if the firm declares a 3-for-5 reverse stock split is $21.67.

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Brenda and Felicity each deposit $200 in the same type of interest-earning
retirement account each month. Brenda began at age 30, and Felicity began
at age 40. Assuming they each retire at 67, which statement is true?
A. Felicity will have more money in her retirement account.
B. They will both have the same amount of money in their retirement
accounts.
C. Brenda will have more money in her retirement account.
D. Neither of them will be able to use the money in their retirement
accounts until several years after they retire.

Answers

Answer:

c

Explanation:

Assuming they each retire at 67, the statement is true  Brenda will have more money in her retirement account. Thus the correct option is C.

What is a retirement account ?

A retirement account is referred to as a type of saving account in which teh pension and other benefits received by an individual during their course of career will be collected which helps them during their age of retirement when they do not have any active source of income.

In the example, it is stated that Brenda and Felicity each contribute $200 each month to the same kind of interest-bearing retirement account. Felicity started at age 40, while Brenda started when she was 30.

Assuming that each retires at 67, Brenda will have more money in her retirement account as she started putting the amount earlier than the  Felicity, so have more savings than Felicity.

Therefore, option C is appropriate.

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Pls help me with this I’ll do 100 points pls pls

Answers

Answer:

It looks like you have to make a presentation for this.

Explanation:

You have to create a ppt (and quick) on promotion.

Many characteristics of work teams can also be seen in sports teams. Although sports teams—especially professional sports teams—often differ from work teams in important ways, they can be helpful for illustrating the key features that contribute to a team’s success.

Patrick works for a large technology company that sponsors an intramural soccer league. Patrick has been on a soccer team with the other software engineers for his product for several years, and they are very good. Team members rarely miss practices and never miss games, they know each other’s strengths and weaknesses on the field, and they play together so well that they have won the company championship 2 years in a row. When the team was first formed, however, the players did not seem very committed, team cohesion was not very good, and the team took a very long time to decide on which plays and strategies to use. After making a change midway through the first season that led to increased cohesion, team performance improved dramatically.

1. What stage of development is Patrick’s soccer team in currently?
a. Preforming
b. Storming
c. Forming
d. Norming

2. If a team leader wanted to help a team such as Patrick’s get through the performing stage of team development, he or she should take which of the following actions?
CHECK ALL THAT APPLY
- Encourage constructive conflict between members of the team.
- Coordinate team roles and activities.
- Help the team make effective decisions.
- Help the team establish clear rules for team member behaviors.

Answers

Answer:

1. Preforming

2. A and C

Answer:

1. What stage of development is Patrick’s soccer team in currently?

a. preforming

2. If a team leader wanted to help a team such as Patrick’s get through the performing stage of team development, he or she should take which of the following actions?

✔ Encourage constructive conflict between members of the team.

✘ Coordinate team roles and activities.

✔ Help the team make effective decisions.

✘ Help the team establish clear rules for team member behaviors.

If Tarek and Samantha do not write wills and one or both were to pass away, how will the distribution of their assets be decided

Answers

If both Trek and Samantha do not write wills and passed away, their asset will be distributed to the beneficiaries through the court's letter of administration.

Usually, when an estates dies without a will stating its beneficiary, the asset will be administer by a court because no-one is recognized as a beneficiary to the deceased.

In conclusion, If both Trek and Samantha do not write wills and passed away, their asset will be distributed to the beneficiaries through the court's letter of administration.

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The exchange of factors of production for income occurs in the
market.

Answers

Answer: Factor!

Explanation:

just took the test 2021

The exchange of factors of production for income occurs in the factor market.

What is production?

Production alludes to the number of units a firm results over a given timeframe. A firm that works effectively ought to achieve sound information. The variables of creation are a significant monetary idea illustrating the components expected to deliver a decent or administration available to be purchased.

A market is a market where variables of creation are traded. Factor markets dispense elements of creation, including area, work and capital, and appropriate pay to the proprietors of useful assets, like wages, rents, and so forth.

Factor markets are the business sectors where the elements of creation are exchanged. Land, work, and capital are found in customary component markets.

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One of the important decisions managers have to make is whether to buy and commit to upgrading its computer equipment every couple of years. One way of avoiding having to buy costly upgrades, which can quickly become obsolete, is to use:

Answers

One way of avoiding having to buy costly software upgrades, which can quickly become obsolete (out-dated), is to use: Application service provider.

A software can be defined as a set of executable instructions (codes) or collection of sequential data that is typically used to instruct a computer on how to perform a specific task and solve a particular problem.

Generally, a software should be upgraded to its latest version when made available by the software developer.

Hence, an important decision managers have to make is whether to buy a computer equipment and become committed to upgrading it every couple of years or from time to time.

An effective way of avoiding having to buy costly computer upgrades, which can quickly become obsolete (out-dated), is to use an application service provider (ASP).

An application service provider (ASP) is a business firm or company that is saddled with the responsibility of providing computer-based services to its customers (individuals or enterprises) over a network.

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You have just been hired as a brand manager at Kelsey-White, an American multinational consumer goods company. Recently the firm invested in the development of K-W Vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about K-W brands. It is 2018. The system is populated with 3 years of historical data.
As brand manager for K-W’s Blue laundry detergent, you are tasked to lead the brand's turnaround. Use the Vision platform to to develop your strategy and grow Blue’s market share over the next 4 years.

Answers

The question is about the growing market share of Blue over the next 4 years.

Kelsey-White is an American multinational consumer goods company. It is 2018 and we have past 3 years of historical data. The data available must be a big data and needs to be sorted in order to find the trend and patterns visible to analyse the data of the past 3 years and draw marketing strategy out of it.

Along with the past data, new data is also required because the current market trend, pattern and customer choice for detergent can have severe impact on market and its products. Analyzing customer choice is important and that can be done through the customer surveys at super markets and providing free samples and then taking feedback from them.

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A brand strategy is a plan for the long term that addresses a path towards the development of a brand that is widely accepted, growth-oriented, has commercial value, in other words successful.

PURPOSE

the first step towards creating a great brand is to identify and pen down the goals / PURPOSE that the business must achieve. KW has requested that the brand manager should turn around the brand for the Blue Laundry Detergent.

Now that is a vision. So for it to become a goal, it has to be re-written into a format that is clear, achievable, measurable, realistic, and time-bound. For example, in order to be considered a profitable brand, how much would K-W consider to be adequate in terms of income/profit generated at the end of 4 years? how many percent of the existing market share is K-W looking to take over?

At this point, we already have a 3-year data collection on the product's historical performance. As the brand manager, we want to analyze the data to understand the nature of the market as it currently is. We will look into the data to find answers to the following questions:

who were the largest buyers of this product in the last three years?can they be categorized by age, income range, geographical location, specific interests, occupation, etcwhat or who influences their buying decisions?What are the strengths of the brand? can this be improved upon and leveraged for ads?What are its weaknesses? can this be turned into strengths, and or reduced?What are the current opportunities/gaps in the market? We can get this information by reaching out to existing customers by way of research.who are the competition? what are the weaknesses in their products? What are their strengths?How do they price their products?

CONSISTENCY

Armed with this information we will then proceed to DESIGN a brand that is CONSISTENT with the message that we want to communicate.

So if for example,  no other product in the market has a detergent that disinfects, we can build this into our message for the new brand of K-W Blue detergent.

An example of that message would be that "K-W Blue Detergent" is cheaper, better, and disinfects.

Once the message is clear, the brand can them be designed using a Style guide. A style guide gives the consumer information about the business. It also makes it easy for the brand to be recognized. Remember, the key objective here is CONSISTENCY.

EMOTIONS

It is impossible to build a successful brand if that brand is not designed to

be desired. For example, when people think about a Bentley, they think about a certain kind of lifestyle.  So when people want to associate with that kind of lifestyle and they are about to make a buying decision, they think of a Bentley.

EMPLOYEES

The first clients who must buy into the brand being created is the employees. They are the first "advangelists". They are also involved in the creation process so it is critical to get their buy-in.

If the employees think that a brand/brand strategy won't fly. It won't.

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What term refers to the percent of total revenues that represent a business's actual profit? A. Percent increase B. Relative revenue C. Profit margin D. Markup

Answers

The profit margin shows the percentage of a sale that is profit for a company.

What is profit margin?

One of the often utilized profitability metrics to gauge a business's or line of company's profit is profit margin. It displays the proportion of profitable sales.

Profit margin is the difference among your company's total operating expenses and its total revenue. With more cash on hand for your organization, the profit margin will rise. You can rapidly determine a company's profit margin by subtracting the cost of the product sold (COGS) from overall sales and the result is divided by total revenue. Multiplying the figure by 100 will get the percentage.

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