"A marketing management technique whereby the company's current product offerings are reviewed to ascertain whether each product should be continued as is, improved, modified or deleted is known as _____."

Answers

Answer 1
Answer:

Answer:

Product audit.

Explanation:

Product audit is defined as an evaluation of a finished product to see if it's use meets the intent or purpose of the product.

It involves a thorough check on the product to ensure it serves its purpose before it is release and supplied to the customer.

Product audit takes place after manufacturing is complete, if the product does not meet specified standards the auditor logs a non conformance. The products are usually repaired. If this is not possible the product is discarded.


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Arthur Corporation has a margin of safety percentage of 25% based on its actual sales. The break-even point is $290,400 and the variable expenses are 45% of sales. Given this information, the actual profit is:(Do not round your intermediate calculations.)
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A. How does capacity utilization affect the intensity of internal rivalry in the commercial airline industry?b. How does capacity utilization affect the extent of entry barriers in this industry?
Which of the following is not an assumption economists make when using the model of perfect competition? Group of answer choices There is easy entry and exit. Each firm sets it price equal to its average total cost. The products of each firm in a particular market are identical. Firms seek to maximize profits.

Running vertically down the market-product grid, each column represents an opportunity for efficiency in A. A product grouping. B. supplier synergies. C. a market segment. D. research and development

Answers

Answer: (D) Research and development

Explanation:

In the product synergy system, the each column representing about the opportunity for the efficiency in the research and the development.

The product synergy is one of the concept that helps in explain about the holistic view of an organization where the various types of material and also the energy are get exchange from one unit to another.

The research and the development plays an important role in the industry as it helps in introducing the new innovated products and the services in the market and maintaining the organizational productivity and the bottom line.  

 Therefore, Option (D) is correct answer.

Which country is the biggest consumer of Virginia's services?A.Canada

B. Germany

C. Mexico

D. United Kingdom

Answers

Answer:

A.Canada

Explanation:

Answer:

Answer choice A.canada

Mitchell has a cause: He loves cats. As an economist, he could earn $100,000 as a faculty member, but instead he decides to devote his time to the Humane Society as its chief economist. Knowing nothing else, you would expect that he would receivea.higher pay at the Humane Society because of the difference in skill levels.
b.lower pay at the Humane Society because of signal theory.
c.lower pay at the Humane Society because of the compensating differential theory.
d.higher pay at the Humane Society because of signal theory.
e.the same pay as either a professor or as a chief economist at the Humane Society.

Answers

Answer: (e.) The same pay as either a professor or as a chief economist at the Humane Society.

Explanation:

The correct answer would be option (e) because in this case there lies an ambiguity i.e. we are uncertain about skillets that an economists should be endowed with or for being a faculty member.

Therefore , it can be concluded that he would  get at least as good pay as being faculty. In both cases he'll be better off.

jongeward corporation is the process of preparing its annual budget. the following beginning and ending inventory levels are planned for the year. the number of units the company would have to manufacture during the year would be

Answers

Answer:

$750,000 units

Explanation:

Calculation to determine the number of units the company would have to manufacture during the year

PRODUCTION BUDGET

Budgeted unit sales 700,000

Add desired ending finished goods inventory 73,000

Total $773,000)

(700,00+73,000

Less beginning finished goods inventory $23,000

Units to manufacture 750,000

Therefore number of units the company would have to manufacture during the year would be: $750,000

Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 860,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 12%. The income tax rate was 40% and the dividend per share of common stock was $0.40 this year. The market value of the company’s common stock at the end of the year was $21. All of the company’s sales are on account.Weller Corporation
Comparative Balance Sheet
(dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 976 $ 1,920
Accounts receivable, net 15,000 10,050
Inventory 10,000 8,440
Prepaid expenses 1,860 2,220
Total current assets 27,836 22,630
Property and equipment:
Land 6,600 6,600
Buildings and equipment, net 19,800 19,600
Total property and equipment 26,400 26,200
Total assets $ 54,236 $ 48,830
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 10,100 $ 8,600
Accrued liabilities 720 1,000
Notes payable, short term 360 360
Total current liabilities 11,180 9,960
Long-term liabilities:
Bonds payable 6,250 6,250
Total liabilities 17,430 16,210
Stockholders' equity:
Common stock 860 860
Additional paid-in capital 4,500 4,500
Total paid-in capital 5,360 5,360
Retained earnings 31,446 27,260
Total stockholders' equity 36,806 32,620
Total liabilities and stockholders' equity $ 54,236 $ 48,830
Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
This Year Last Year
Sales $ 85,000 $ 80,000
Cost of goods sold 55,000 51,000
Gross margin 30,000 29,000
Selling and administrative expenses:
Selling expenses 9,100 8,600
Administrative expenses 12,600 11,600
Total selling and administrative expenses 21,700 20,200
Net operating income 8,300 8,800
Interest expense 750 750
Net income before taxes 7,550 8,050
Income taxes 3,020 3,220
Net income 4,530 4,830
Dividends to common stockholders 344 645
Net income added to retained earnings 4,186 4,185
Beginning retained earnings 27,260 23,075
Ending retained earnings $ 31,446 $ 27,260
Required: Compute the following financial data for this year:

1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)

4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)

Answers

Answer:

A.

This year $30,000/$85,000 = 35.3%

Last Year $29,000/$80,000 = 36.3%

B.

This year $4,186/$85,000 = 4.9%

Last Year $4,185/$80,000 = 5.2%

C.

This year $4,186/$54,236 = 7.7%

Last Year $4,185/$48,830 = 8.6%

D.

This year $4,186/$36,806 = 11.4%

Last Year $4,185/$32,620 = 12.8%

Explanation:

A. Gross Margin % measures the profitability of a Business based on its direct input costs (that is having not considered its indirect costs which includes the selling , general and administrative costs)

It is derived as Gross Margin divided by Net sales x 100%

B. Net profit % = is a measure of profitability of a business in relation to its sales. All relevant costs (except dividend payable to common stock holders) would have been considered in arriving at the applied profit

It is derived as Net Income divided by Net sales x 100%

C. return on total Assets. This is a measure of a business profitability in relation to its investments in Assets. The higher the rate the better a firm is said to be in its conversion process

It is derived as Net income divided by Total Assets x 100%

D. Return on Equity is a measure of profitability in relation to common stock holders investment in shares in a business. The higher the rate, the better the adjudged performance of the business by the shareholders.

It is derived as Net income divided by total shareholders equity x 100%

A company has the following items on its year-end trial balance:Net sales $500‚000Common stock 100,000Insurance expense 75,000Wages 50,000Cost of goods sold 100,000Cash 40,000Accounts payable 25,000Interest payable 25,000What is the company's gross profit?A. $230‚000B. $500,000C. $400,000D. $275‚000

Answers

Answer:

C. $400,000

Explanation:

The computation of the gross profit is shown below:

Gross profit = Net Sales - costs of goods sold

                   = $500,000 - $100,000

                   = $400,000

For determining the gross profit, we deduct the costs of goods sold from the net sales, so that the true value can come. It is shown in the income statement  

All other information which is given is not relevant. Hence, ignored it                    

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