marketing management

There are two types of profits; the first is normal profit which is the level of profit that is required to keep

15. In pure competition, each extra unit of output that a firm sells will yield a marginal revenue that is ( )

Profit is the money that a business earns in revenue, minus investments, and the cost of salaries.

20. What is the term for the extra revenue derived from the sale of one more unit?

information the result is a percentage rate that shows the profit margin. The formula to determine

PART A: Cost of goods sold = = = = PART B: Net Profit = Gross Profit – Operating Expenses Cost of merchandise available for sale – cost value of ending inventory ($260,000 + $500,000) - $275,000 $760,000 - $275,000 $485,000

Explanations: 5. b. Gross profit = $2,505 (Sales revenue $4,319 – Cost of goods sold $1,814)

How is marketing defined? What is its importance in a company’s success? This paper will discuss and explain different definitions of marketing along with a definition of author himself. In addition, this paper will elucidate the importance of marketing by giving three examples where marketing was adapted with few mistakes resulting in disaster.

For example, if the cost to make the paint is $2.75, the profit at $3 would be:

Profit=selling price per unit X quantity sold – VC per unit X quantity sold-total fixed costs =(CM)X quantity sold – fixed costs.

Refer to Figure 14-5. When market price is P3, a profit-maximizing firm's profit a. can be represented by the area P3 Q3. b. can be represented by the area P3 Q2. c. can be represented by the area (P3-P2) Q3. d. is zero.

Profit is often expressed as Earnings per Share (EPS) and is calculated as operating income divided by total amount of common shares (Ross, Westerfield, Jordan, Thompson, & Christensen, 2007, p. 51). EPS has two

If the profit on sales revenue is 20% then profit on cost will become 25%(20%/80%)

Marketing is selling the product goods and service by knowing the needs and wants of the customer and consumer (Kotler P, 2009). Marketing Management expertise has capable of knowing the change of an organisation to manage both the internal and external challenges of environment (Cant M C, et al, 2009). A company needs to classify the customer needs and identifies the demand of the supplying

cost-of-goods-sold section might be in relation to the sales total. In the case of a merchandising firm,