How can you explain 4Ps in marketing mix?

4Ps in marketing mix are: Place, Price, Product, and Promotion. Products include quality features, size, brand name, so on. Place includes transport, distribution channel, inventories size,...Promotion includes advertising, personal selling, sales promotion,...And Price includes the basic list price, discounts, credit terms,...

What are the common mistakes in setting the price?

The most common mistakes are: Pricing is too cost-oriented, price is not revised often enough to capitalize on market changes, price is set independently of the rest of marketing mix rather than an intrinsic element of the market-positioning strategy, and price is not varied enough for different product items and market segments.

How are prices set in different types of corporation?

companies handle pricing in many ways: in small companies, prices are set by top management. In large companies, pricing is handled by divisional and product-line managers. In some industries, a pricing deparment is established to set prices or assist others in determining suitable prices

What are differences between financial accounting and management accounting?

financial accounting is used to assist investors and creditors in deciding where to place their scarce investment resources. Management accounting is used to set the company's overall goals, evaluate the performance of individuals and departments. Financial accounting information is public information but management accouting information is confidential information

How many financial statements do companies include in theirs annual report? what are they?

There are 3 common financial statements: income statements, balance sheets, cash flow statements. The balance sheet shows a comany's financial situation on a particular date. It lists the company's assets, liabilities and shareholder's funds. The income statement gives figures for costs, sales, and profits. The cash flow statement shows the flow of cash in and out of business between balance sheet dates

What are financial analysis? for what purpose is financial analysis used?

Financial analysis is the selection, evaluation and interpretation of financial data, along with other pertinent information, to assist in investment and decision-making. Financial analysis may be used internally to evaluate issues such as employee performance, the efficiency of operations, credit policies, and externally to evaluate potential investments, credit-worthiness of borrowers, among other things.

What are sources of data available for financial analysis?

There are 4 sources of data. The primary source is the annual reports including the income statement, the balance sheet, the statement of cash flow and footnotes of these statements. Besides, information can be found in the financial press and electronic media daily. Another source of information is economic data such as GDP and CPI. The final source of information is economic events that help explain the company's present condition

What is internal audit? what are the advantages and disadvatages of internal audit?

Internal audit is done by the company's accountants. Internal auditors report to management on current state of the company's fiscal affairs, any deviations from the standard operating procedures. They also make suggestions for improvements in the standard operating procedures. However, if a report is unfavourable, management will receive the false impression that things are running smoothly

Auditing is an accounting function that involves the review, evaluation of financial records

What benefits does international business bring to exporting and importing countries?

International business brings benefits to both exporting and importing countries. Exporting goods and services help exporting countries to receive money, to expand their market, to increase production. Whereas, consumers of importing countries can have wider choice of goods and services at lower prices

Why do governments try to encourage exports and restrict imports?

Governments try to encourage exports because they can receive money, increase production, expand their market. Governments try to restrict imports to protect domestic industries because these industries provide emplyment for the population

Name four common trade barriers? What are some reasons for imposing these trade barriers?

Four common trade barriers are: Tariff, Quotas, embargoes, subsidies. Some reasons for imposing these trade barriers are: To protect domestic emloyment, to protect relatively young domestic industries, to protect firms and industries that produce output vital to the security and defense of the nation

How can financial ratios be classified?

By construction, financial ratios can be classified into a coverage ratio, a turnover ratio, a return ratio, a component percentage. By general characteristics, financial ratios can be classified into a financial leverage ratio, an activity ratio, a liquidity ratio, a profitability ratio, a shareholder ratio, a return on investment ratio.

English for Finance 2

Authored by Diễm Quỳnh

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English for Finance 2

What are the tasks of financial manager in monitoring the fincance?

(a)

what are the function off corporate finance

(a)

How can a company raise capital ?

(a)

What is the advatage and disadvantage of long-term loans?

(a)

What are the tasks of financial management in monitoring inventories?

(a)

How can a working capital be classified?

(a)

What are the tasks of financial management in managing debtor?

(a)

How can you explain 4Ps in marketing mix?

(a)

What are the common mistakes in setting the price?

(a)

How are prices set in different types of corporation?

(a)

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Similar Resources on Wayground

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English for Finance 2

What are the tasks of financial manager in monitoring the fincance? (a)

what are the function off corporate finance (a)

How can a company raise capital ? (a)

What is the advatage and disadvantage of long-term loans? (a)

What are the tasks of financial management in monitoring inventories? (a)

How can a working capital be classified? (a)

What are the tasks of financial management in managing debtor? (a)

How can you explain 4Ps in marketing mix? (a)

What are the common mistakes in setting the price? (a)

How are prices set in different types of corporation? (a)

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What are the tasks of financial manager in monitoring the fincance?

(a)

what are the function off corporate finance

(a)

How can a company raise capital ?

(a)

What is the advatage and disadvantage of long-term loans?

(a)

What are the tasks of financial management in monitoring inventories?

(a)

How can a working capital be classified?

(a)

What are the tasks of financial management in managing debtor?

(a)

How can you explain 4Ps in marketing mix?

(a)

What are the common mistakes in setting the price?

(a)

How are prices set in different types of corporation?

(a)