Utilize the perpetual inventory approach. Kenyon purchased 400 items, each costing six dollars. Be of sales made will cost $5600.
How does inventory work?Activities pertaining to all the products, services, and materials that a business keeps on hand with the intention of reselling them for a profit. Example: If one print supplier uses a vehicle to deliver news among clients, just the periodical will be counted inventory.
What are the four different types of inventory?There seem to be additional types of stocks, but the four most important ones are upkeep, repairs, and operating supplies, finished items, operate, and materials and parts.
Briefing:800 units sold = 400 units of inventory purchased
balance = (800-400)
=400 units of inventory, 8 each
cost of goods sold =(400*6)+(400*8)
=$5600
To know more about inventory visit:
https://brainly.com/question/14184995
#SPJ4
on october 31, 2015, a company signed a note for $50,000 with a bank. the terms were 10% for 9 months. on december 31, 2015, adjusting entries are recorded. what is the correct adjusting entry for this event
An adjusting entry is a journal entry made at the end of an accounting period to update a company's financial records to reflect the true financial position of the business.
What is adjusting entry ?To determine the correct adjusting entry for this event, we need to calculate the interest expense for the period from October 31, 2015 to December 31, 2015.
The interest rate is 10% and the period is 2 months (December has 31 days and November has 30 days, for a total of 61 days), so the interest expense can be calculated as follows:
Interest expense = $50,000 * 10% * (61 / 365)
= $1,098.63
To record this interest expense, we need to make an adjusting entry on December 31, 2015. The adjusting entry should be a debit to the Interest Expense account and a credit to the Interest Payable account.
The debit should be for the amount of the interest expense, $1,098.63, and the credit should be for the same amount.
Therefore, the correct adjusting entry for this event is:
Debit Interest Expense: $1,098.63
Credit Interest Payable: $1,098.63
To learn more about adjusting entry refer :
https://brainly.com/question/22635583
#SPJ4
what system was effective in reducing expenditures for hospital care but overall costs continued to rise because it wasn't included for outpatient care?
Answer:
say again
Explanation:
finished business products of one producer that become part of the final products of another producer are called .
Component parts and materials are finished business products of one producer that become part of the final products of another producer.
What are finished business product?Products that have passed or completed the manufacturing process but have not yet been sold or distributed to the final consumer are referred to as finished goods. The final stage of goods processing occurs when the product reaches the end users.Finished goods are items that have been finished by the manufacturing process or purchased in a finished state but have not yet been sold to customers. Merchandise refers to finished goods that have been purchased.The Production Manager is the person in charge of the finished product's production. The Production Manager is in charge of overseeing the transformation of a product concept into a finished product, which includes the procurement and preparation of raw materials.To learn more about finished business product refer to :
https://brainly.com/question/555478
#SPJ4
hr solutions, inc. (hrsi) hr solutions, inc. (hrsi) is a human resources management company that specializes in helping small companies learn the right ways of handling human resources issues and activities. the company teaches the different activities that are involved in hr management, as well as teaching companies how to plan for the future. hrsi even helps companies downsize without having their reputations suffer. however, according to hrsi, an ideal situation would be one where all companies downsize simply by attrition. another main objective of hrsi is to increase cultural diversity within every organization that it helps. hrsi management believes that this diversity is the key to the introduction of successful new ideas into any organization. hrsi is in the process of hiring new employees. this is a critical decision for the company because it is supposed to be the expert on this issue. once the selection is done, hrsi will need to train its employees effectively so that they will be able to maintain the good image of the company. refer to hr solutions, inc. hrsi hopes that all companies can downsize simply by attrition, a word that, in this context, refers to
People leaving the company is something that the word attrition refers to, in this context.
Attrition is defined as a slow but intentional drop in worker numbers that occurs when employees leave an organization and are not replaced.
It is widely used to characterize human resources (HR) experts' reduction of a company's employment pool. Downsizing is voluntary in this situation, as staff either quit or retire and are not replaced by the corporation.
Attrition has certain advantages. Of its most basic form, it is a natural reduction in the workforce. When the economy is in terrible health or a recession is looming, a firm would face the threat of having to lay off people (when it doesn't want to lose them) if it weren't for attrition.
learn more about Attrition at https://brainly.com/question/29218576
#SPJ4
you are the project manager of a large project. one of your contractors sends you an email requesting to reduce the specification that requires ten tests be conducted down to only eight tests. what should you do first as the project manager?
We should suggest that the contractor provide the sure that participants board a modification request (CCB). This is so that CCB may approve any procedural changes that pertain to the project.
Which notion of a manager fits the bill?A manager is a person who oversees the assignment of resources or the organization of personnel activities within an organization. Therefore, a manager is a person who performs managerial duties. Corporate strategy, judgment call, concern, collaboration, delegating, and multitasking are just a few of the talents that make up management.
What does a manager do?The manager's main responsibility is to coordinate the efforts of all team members and provide the finest outcomes possible to assure the organization's expansion.
To know more about Manager visit:
https://brainly.com/question/28017308
#SPJ4
if the market price moves from one point on a demand curve to another point on the curve, what has happend
if the market price moves from one point on a demand curve to another point on the curve. The total market demand has been adjusted by a change in supply.
A demand curve in economics is a graph that shows the relationship between the cost of a certain good (the y-axis) and the amount of that good that is desired at that cost (the x-axis). Demand curves may be applied to both individual customers' price-quantity relationships (individual demand curves) and to all consumers in a given market (a market demand curve).
Demand curves are typically thought to slope downward, as the following graphic demonstrates. This is due to the law of demand, which states that as prices increase for most things, demand decreases. Certain peculiar circumstances do not adhere to this rule. Veblen products, Giffen goods, and speculative bubbles are a few examples of this type of phenomenon. Buyers are drawn to an item if its price increases.
To know more about demand curve visit:
https://brainly.com/question/13131242
#SPJ4
a. what is the last day that kathy can purchase the stock (trade date) and still receive that dividend? b. what day does this stock begin trading ex dividend?
If a shareholder is to receive a dividend, they need to be listed on the company's records on the date of record.
What do you mean by dividend?
A corporation's payout of profits to its shareholders is known as a dividend. A corporation is able to distribute a portion of its profit as a dividend to shareholders when it generates a profit or surplus. Any remaining funds are withdrawn and reinvested back into the company.Most dividends paid to shareholders in the United States are cash dividends, which are payments given in cash on a per-share basis. For instance, an investor holding 100 shares would receive $20 in cash if the corporation paid a dividend of 20 cents per share. A percentage increase in the number of shares owned is what constitutes a stock dividend.To know more about Dividend here
https://brainly.com/question/28097598
#SPJ4
how does the demand curve faced by a purely monopolistic seller differ from that confronting a purely competitive firm? the demand curve faced by a purely monopolistic seller is
The demand curve facing a pure monopolist is downward sloping whereas that facing the purely competitive firm is horizontal, perfectly elastic demand curve.
A demand curve is the graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. The price is depicted on the left vertical axis, the quantity demanded on the horizontal axis on the curve.
Monopolist refers to the individual or a company that is supreme in the market as it controls the market for a specific good or service. There are no competitors available for such brand in the market.
To know more about monopolist, here
brainly.com/question/14055453
#SPJ4
implicit services involve such aspects as the availability and access to the service, consistency of service performance, comprehensiveness of the service, and training of service personnel implicit services involve such aspects as the availability and access to the service, consistency of service performance, comprehensiveness of the service, and training of service personnel true false
Implicit services involve such aspects as the availability and access to the service, consistency of service performance, comprehensiveness of the service, and training of service personnel.
The above statement is False.
Customers have implicit expectations, which are things they think you already know and consider to be apparent. They are unstated beliefs your consumer has about how well your brand performs, such as that they should be given priority because they are a regular customer or that you should be aware of their previous purchases with you.Unstated Services: psychological advantages or external qualities that the consumer may only dimly perceive. Examples are the security of a well-lit parking lot and the seclusion of a loan office.To know more about Implicit here
https://brainly.com/question/15112907
#SPJ4
dayer's, a popular ice-cream brand, added new flavors to its existing line of ice creams to attract kids. this is an example of .
Dayer's, a popular ice cream emblem, delivered new flavors to its current line of ice creams to attract youngsters, this is an example of line extension.
Line extensions refer back to the system of increasing a present product line. this is when an enterprise with a longtime emblem introduces additional objects in a product category. The company makes use of the cost of the present product to the marketplace and introduces new picks to clients.
Line extensions arise when an organization introduces additional items inside the equal product class beneath the same brand call consisting of new flavors, forms, colorings, delivered elements, and package deal sizes. this is in preference to logo extension that's a brand new product in a totally different product class.
Line extensions are a brief and coffee-fee way to spike income within a brief time period. A corporation with a longtime production method and capacity to supply new merchandise means lower advance investment.
To learn more about Line extension visit here:
brainly.com/question/13362603
#SPJ4
classify the statements as true or false. a. the process of specialization and trade has positive net benefits and is, therefore, beneficial to everyone
Everyone benefits from the specialization and trade processes since they have positive net advantages. This claim is untrue.
What are the advantages of commerce and specialization?When nations have varying opportunity costs for production, specialization and commerce might be advantageous. Greater economic efficiency, favorable effects for consumers, and expansion prospects for industries with a competitive edge are all advantages of specialization.
What is the specialization process?The process of specialization is when a business or person decides to concentrate their efforts on a certain kind of production. Specialization simply refers to concentrating on a single task. A person who specializes narrows their concentration to one particular activity.
to learn more about Cost Of Production here:
https://brainly.com/question/29383456
#SPJ4
during periods of hyperinflation, money does not hold its value and, therefore, people choose not to save as much money for a rainy day. this description implies that the
During periods of hyperinflation, money does not hold its value and, therefore, people choose not to save as much money for a rainy day. this description implies that the Transaction demand for money has increased.
What is hyperinflation?Generally, A phrase that is used to characterize quick, excessive, and uncontrollable rises in general prices in an economy is called hyperinflation.
Inflation is the rate at which prices for goods and services are increasing, whereas hyperinflation refers to inflation that is growing at an extremely high rate, generally measuring more than fifty percent per month.
Read more about hyperinflation
https://brainly.com/question/22313119
#SPJ1
CQ
During periods of hyperinflation, money does not hold its value; therefore, people hold as little as possible for as short a time as possible. This description implies that the
Transactions demand for money has increased.
Precautionary demand for money has increased.
Speculative demand for money has decreased.
Portfolio demand for money has decreased.
in the age of high technology, what is the key to the most significant and enduring productivity and improvement?
The most substantial and long-lasting productivity and improvement in the high-tech age depends on human involvement.
What productivity means?How much output can be produced with a given set of inputs is referred to as productivity in economics. Productivity rises when the same amount of inputs are used to produce more output or when the same amount of output is produced with fewer inputs. Productivity measures how well a person completes a task. We frequently think that getting more done every day is the key to being productive. Wrong. To be productive, one must consistently finish important duties. No matter what you are working on, there are just a handful of things that are genuinely essential.
Why is productivity important?When productivity is increasing, an economy may produce and consume more products and services for the same amount of work. Productivity is valued by people (workers and consumers), business executives, and analysts (such as policymakers and government statisticians). The secret to establishing lasting success is increasing one's own output. Yours can be bettered by fusing your interests with your career objectives in order to optimise the advantages of both aspects of your life.
To know more about Product visit:
https://brainly.com/question/29311538
#SPJ4
kronos co. is a reputable, multinational enterprise with headquarters in a developed economy. it wants to establish operations in the emerging market of cambodia, a less-developed country. how will this strategic move most probably affect kronos co.?
The business can participate in trade and profit from the price disparity. Due to the cheap price of production, there would be relatively little trade in commodities from developing countries.
How is an economy described?An economy is a network of interrelated production and consumption processes that actually determine how resources are allocated within a community. The demands of persons who live there and transact there are met by the creation and consumption of products and services in their entirety.
Do you mean by economy money?When they hear the word "economic principles," many people assume that it's all about money. Money is only one element of economics. It includes considering several options or alternatives. Some of those critical decisions include money, but not all of them.
To know more about economy visit:
https://brainly.com/question/14479528
#SPJ4
maria and vincent, whose modified agi is $169,000, adopted a little girl from mexico which was finalized in 2021. they incurred a total of $16,000 in qualified adoption expenses. what is the amount of adoption credit they can claim in 2021?
Based on the available options, Krista may be able to claim "$4,100" for the Adoption Credit on her 2020 tax return.
What amount of adoption credit may they claim in 2021? Information about Adoption Credit .According to the government's guidelines and regulations, if an individual makes more than one attempt to adopt one eligible U.S. kid, such individual should add the amounts spent and fill just the "Child 1" section.When individuals adopt or attempt to adopt two or three eligible children, they may complete more than one Child 1 line.Krista would have to combine the expenses together, which would be $1,600 + $2,500 = $4,100.As a result, in this situation, the right answer is "$4,100. Based on the available options, Krista may be able to claim "$4,100" for the Adoption Credit on her 2020 tax return.To learn more about Adoption Credit refer
https://brainly.com/question/28443980
#SPJ4
monopolists are able to set the price for their good. nevertheless, monopolists face a tradeoff in raising price because a higher price:_____.
When a monopolist increases the price of its product, fewer people buy it. Additionally, the price of the monopolist's production rises if it decreases the volume of output it creates and sells.
Where will the price of a monopolist's good be set ?In a monopoly, the price is set higher than the marginal cost, and the company makes a profit.
In an equilibrium where perfect competition exists, a good's supply and price are both economically advantageous.
According to the given information
When a monopolist increases the price of its product, fewer people buy it. Additionally, the price of the monopolist's production rises if it decreases the volume of output it creates and sells.
To know more about Production Price
https://brainly.com/question/29670562
#SPJ4
to encourage members of the marketing team to be alert for any marketing opportunity, riff frequently tells them about the time he gave a new store jacket to a local celebrity after her own jacket was torn. for the rest of the day, the celebrity wore the jacket, which prominently displayed the store's name. this is an example of a:
Riff routinely shares the story of the time he presented a new shop jacket to a local celebrity after her old jacket was torn with the marketing team to inspire them to be on the lookout for any marketing opportunity. The famous person wore the jacket, which prominently featured the name of the shop, for the remainder of the day. An illustration of a story is this.
An event, whether real or imagined, is told in a narrative when it is done such that the audience, simply by hearing the story, has an experience or learns something. A tale can be used to convey knowledge, experience, attitude, or point of view.
The transmission of cultural information from one generation to the next is preserved via stories. Essentially, tales preserve cultures. Stories provide us with an eternal connection to stories, myths, and archetypes from the past. However, they also link us to enduring truths about the human condition and the wider universe.
To learn more about the story
https://brainly.com/question/9148951
#SPJ4
for a commercial bank, when the average duration of assets exceeds the average duration of liabilities, the duration gap is
The selling price of the bank's net worth will typically decline if the asset duration of the fifth banking institution exceeds its liabilities duration and asset prices increase.
How may duration be used?The Duration Formula is what?The longevity formula is employed to determine a bond's sensitivity to interest rate changes. It is derived by dividing the sum of the bond's discount cash inflow and the corresponding number of years.by the aggregate of the upcoming cash inflow.
Does duration equal time?Duration simply means "period of time," whereas maturity signifies "the degree to which some is fully developed." Bond investors use the term "duration" in a very precise way.
To know more about Duration visit:
https://brainly.com/question/28588113
#SPJ4
How to set up a worksheet
Select the worksheet to be replaced, then click Insert in the Cells group on the Home tab, followed by Insert Sheet. This will insert the new worksheet in front of the selected worksheet.
What fundamental procedures go into making a worksheet?To avoid squandering time and effort, follow these steps in order.
Plan your spreadsheet's layout and decide how you want the data to be displayed. ...
Build - Start construction once you've established a strategy and understood your goals.
Calculate: Using the new, solid framework as a foundation, implement formulae and functions as necessary.
Worksheet basics: What are they?Cells are arranged in rows and columns and referred to as worksheets in Excel documents. You enter data on it by interacting with the work surface.
To know more about worksheet visit:
https://brainly.com/question/13129393
#SPJ1
the fixed asset turnover ratio measures the: multiple choice useful life of long-lived assets. the average difference between book value and disposal value of fixed assets. useful life of intangible assets. efficiency with which the investment in fixed assets produces revenue.
Efficiency with which the investment in fixed assets produces revenue.
What is fixed assets?Fixed assets, also known as non-current assets, are long-term investments made by a company for the purpose of generating income. Fixed assets are generally large in nature, with a long lifespan, and include tangible items such as buildings, property, equipment, furniture, tools and machinery. They are reported on the balance sheet and are used to produce goods and services to generate revenues. Fixed assets are not intended to be sold or otherwise disposed of in the normal course of business. Examples of fixed assets include land, buildings, vehicles, computers, furniture, and machinery. These assets are not easily converted into cash and are not intended to be used up or consumed in the production or supply of goods or services.
To learn more about fixed assets
https://brainly.com/question/20289326
#SPJ4
Without planning an enterprie would oon diintegrate, it action would be a random a leave campering before an autumn wind, and it employee a confued a ant in an upturned ant hill"
Planning always involves making some assumptions about what will happen in the future.
In other words, before completing the total company plan, it is necessary to define the future settings, such as marketing, pricing, government policy, tax structure, business cycle, etc.
Business forecasting: The economic, social, political, and global environments all have a significant impact on business. Management ought to have a system in place to foresee changes in such a setting. Forecasts that are accurate will help the plan work.
Dynamic Manager: Those in charge of planning tasks should have a flexible mindset. They should take the appropriate steps to create planning premises and make business projections. 125 A manager should never forget that planning is forward-looking and that he is making plans for an extremely unpredictable future.
Flexibility is a necessary component of planning because the environment in which modern businesses operate is always evolving. There should always be room in the plans for essential additions, deletions, or changes as the situation dictates in order to achieve effective results.
To learn more about Enterprise Planning from given link
https://brainly.com/question/28478161
#SPJ4
Complete Question -
"Without planning an enterprise would soon disintegrate, its actions would be as random as leaves scampering before an autumn wind, and its employee as confused as ants in an upturned ant hill". Comment
how success and failure in practice of basic management functions affect the organization. Support with real examples.
what trends in divisions of labor may be contributing to worse levels of individual well-being and marital satisfaction for women?
Women increasing their presence in the workforce but still doing most housework trends in divisions of labor may be contributing to worse levels of individual well-being and marital satisfaction for women.
The divisions of labor is the term in which the making of groups of person to performs the decided tasks in the company or any other organization.
The divisions of labor is also refers to the separation of the specialized person for the specialized role. The divisions of labor is the given tasks within the social system.
Those women who is working at the job level, labor level and servant level etc, is doing most of the house-work which is the worse level of well-being.
To know more about divisions of labor here,
https://brainly.com/question/29769850
#SPJ4
income tax collections: a. rise during periods of prosperity, thus reduce federal budget deficits. b. fall during periods of prosperity, thus increase federal budget deficits. c. rise during recessions, thus increase the problem of unemployment. d. fall during recessions, thus increase the problem of unemployment.
The correct answer is option a, hence rise during periods of prosperity, thus reducing federal budget deficits.
What is the meaning of income tax?Every individual that works and even companies are subject to income taxes. The foundation for calculating individual income tax is the income received.
Now, when government expenditure exceeds its income, which includes taxes, fees, and investment returns, there is a federal budget deficit. The national or federal government debt increases as a result of deficits.
Since the burden is presumably on the persons who pay it, it is typically categorized as a direct tax. Net earnings, which are calculated as the difference between receipts and authorized expenses, are subject to corporate income tax.
Learn more about income tax here:
https://brainly.com/question/26316390
#SPJ1
the newly licensed rn has accepted a position in a hospital. what are the logical actions expected of this new employee?
The logical acts required of this new employee are to possess the theoretical knowledge required to perform fundamental patient care and decision-making.
What is a Position?An individual or other organization has a position when they hold (or have sold short) a certain quantity of a security, assets, or piece of property. A trader or trader takes a position when they execute a buy order, which indicates a bullish intent, or when they sell short stocks, which indicates a bearish intent.
What does a position's primary objective entail?By clearly identifying the task to be done in connection with the overall aims of the work unit, an appropriate position description aids the employee in understanding what is expected of them.
To know more about position visit :
https://brainly.com/question/16461961
#SPJ4
a company holds put options in soybeans with a strike price of $5.00/bushel. the market price of soybeans declines to $4.60/bushel. the company will: a. not exercise the put options b. lose on the put options c. gain on the put options d. continue to hold the options after they expire
The answer to the question is option b. lose on the put options
If one is selling options, one should sell calls if one believes that prices will decline and puts if one believes that prices will increase. This will enable one to keep the premium without being concerned that the buyer will enforce the contract.
When purchasing a put, one often anticipates a decline in the stock price before the option expires. Purchasing puts can be thought of as a type of insurance against a stock decrease. One will profit from the "insurance" if it does drop below the strike price.
During a slump, selling put options may be a more profitable strategy than purchasing stocks. The extreme volatility of bear markets increases the profitability of selling options. Put sales on equities should only be made by novice investors if they would want to own.
To learn more about Put options, tap here:
brainly.com/question/29850781
#SPJ4
cash and treasury securities $100 million fed funds sold $100 million residential mortgages 1-4 family $200 million commercial loans $600 million note: the residential mortgages all have a loan-to-value of between 60 and 80 percent. if the bank has capital of $50 million, what is the leverage ratio using the standardized approach?
The leverage ratio using the standardized approach is $20 million.
To calculate the leverage ratio using the standardized approach, you need to add up the total on-balance sheet assets of the bank and divide it by the capital of the bank. On-balance sheet assets are those that are directly recorded on the bank's balance sheet and include cash, treasury securities, residential mortgages, and commercial loans.
In this case, the total on-balance sheet assets of the bank are $100 million + $100 million + $200 million + $600 million = $1,000 million.
The leverage ratio is calculated by dividing the total on-balance sheet assets by the capital of the bank, which is $50 million.
Therefore, the leverage ratio using the standardized approach is $1,000 million / $50 million = 20.
Learn more about leverage ratio here:
https://brainly.com/question/14002613
#SPJ4
Sakda said to his employee, kurt, "you should work harder so the employees who have been here a long time will like you." this statement likely fostered nondefensive communication from kurt.a. Trueb. Fale
Kurt is told by Sakda to put in more effort in try to get the respect of the more seasoned workers. This phrase actually encouraged Kurt to talk or be angry. This assertion is untrue.
Workers or employees, respectivelyAdd as apostrophe and a s to show that singular nouns are in possession. Add simply an apostrophe to show possession when using plural words ending in s, as in three paychecks and four boss suggestions.
Who are a company's employees?An employee is a person hired by a business owner to complete a certain duty. Employers are in command of clarifying an employee's wage, hours worked, and working conditions. In exchange, employees have benefits that contractors do not.
To know more about Employees visit :
https://brainly.com/question/29405179
#SPJ1
world r us has offices in paris, bangkok, london, dublin, miami, baltimore, and salvages. they want to fully connect all sites. how many maximum connections are possible?
Option (b) is the correct answer for the given question- world r us has offices in paris, bangkok, london, dublin, miami, baltimore, and salvages.
What are salvages?When something happens to a location that forces property loss, the items that can be pulled out of that loss are called salvage. Sometimes, that can be disasters like fires and natural disasters. Fire and water damage may ruin a lot of the salvaged items. Phosphoribosyltransferases are the enzymes that are involved in salvage pathways to reuse the free purines and pyrimidines to make nucleotides. Metabolic degradation of nucleotides releases purines and pyrimidines which in turn enter the salvage pathway to be reused in the formation of new nucleotides. These metabolic pathways that make new nucleotides by reusing the free purines and pyrimidines are called salvage pathways.
To know more about salvages, visit:
https://brainly.com/question/13001592
#SPJ4
true or false insider trading is prohibited because trading on the basis of inside information can give the trader an unfair advantage over the investing public.
Insider trading is prohibited because trading on the basis of inside information can give the trader an unfair advantage over the investing public is true.
Why is trading so important?Trade is essential for keeping a competitive global economy and lowers the prices of goods internationally as it spurs innovation and encourages markets to become specialized. The ability to trade also allows access to goods and services that might be of higher quality and lower cost than its domestic alternative.
Trading and investing: what are they?Investments are made with a long-term perspective on the markets, and they are frequently used for things like retirement savings. Short-term techniques for daily, monthly, or quarterly return maximization are used in trading.
To know more about Trading visit:
https://brainly.com/question/8322028
#SPJ4
A breakfast cereal manufacturer has identified three distinct consumer groups to market its cereals to--children, adults, and gluten-free consumers. In doing so, the company has engaged in market?
a. development.
b. differentiation.
c. capitalization.
d. segmentation.
The breakfast cereal manufacturer was able to identify different consumer groups to be able to market its cereals. This is called Market D. Segmentation.
What is market segmentation?Organizing potential customers into groups or segments with comparable demands and responses to marketing actions is referred to as market segmentation in marketing. Market segmentation helps businesses to target various customer groups who view the entire worth of particular goods and services in a variety of ways.
Companies that segment their markets effectively benefit greatly. By identifying the items that are most likely to capture a portion of a target market and the most effective channels for marketing and distributing those products, market segmentation aids businesses in reducing risk.
The breakfast cereal manufacturer is therefore engaged in market segmentation by the fact that they divided their consumer groups into three which were children, adults, and gluten-free consumers. This way they can better target the market.
Find out more on market segmentation at https://brainly.com/question/14225381
#SPJ1
