b) raise the cost of producing a product.
c) assure a product does not fail.
d) prevent economies of scale in manufacturing.
e) increase demand for the product.
Answer:
The answer is e) increase demand for the product
Explanation:
Advertising can increase the demand for a product in the log run by continually and consistently promoting the brand and product awareness of the product in the mind of the customer/consumer.
Moreover, effective advertising may lead up to the economies of scales over time. And economies of scale in return, influences effective and cost saving advertising.
Marketing can never "Assure" that a product will succeed! No one can!
B. cattle
C. coal
D. petroleum
Answer:
d
Explanation:
b. Supplier B
c. Supplier C
d. Cannot be determined
Answer:
Using Total Cost Analysis, it will be more cost-effective to use;
b. Supplier B
Explanation:
Total cost of ownership (TCO) can be defined as the total cost of an asset including the purchase cost and cost of operation of the asset. Assessing the TCO takes a bigger picture analysis of the overall cost of an asset. Most people usually don't consider the operating costs of an asset. This can prove detrimental in the long run when one starts going through unaccounted operation expenses. Unforeseen expenditure can lead to poor credit scores since one did not prepare for them.
When buying an asset, it is imperative to consider the sort-term and long-term costs. The short-term costs are the immediate costs that are often clearly identified in the initial stages. The short-term costs are purchase and transportation costs. The long-term costs are costs that will be incurred with time, over the life of an asset. Examples of long-term costs are; depreciation costs and operations costs.
In our case above, the best option would be Supplier B since it's total cost of ownership is cheaper compared to Supplier A and Supplier C.