The correct answer is D. This is a sinking fund problem. A sinking fund is a fund that is used to set aside money for future repairs or replacement of a capital asset.
The fund is established by making periodic deposits into the account, which grow over time and can be used when needed.A sinking fund is used to amortize or pay down a debt over time. This type of fund typically has a specific purpose, such as paying off a bond issue or funding future capital expenditures.The funds are typically invested in a way that will allow them to grow over time so that they will be sufficient to cover the future costs.
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which type of in-stream video ad would you choose for your sponsorship campaign if you wanted to connect with the audience of an awards show happening right now?
Bumper ads will be used as in-stream ad to campaign an awards show happening right now. Short video advertising called bumpers are made to help you reach more people.
What is in-stream ad ?The type of video advertisements you are probably most accustomed to are instream ones. These are the videos that show up as pre-roll, mid-roll, or post-roll advertisements within other video content.By informing current and future customers about your new product launches, exclusive deals, and enhancements, advertising can boost sales. Advertising can help you develop or build a distinctive brand for your organisation in addition to reminding current clients about it.Internet advertising can be affordable and provide coverage on a national and international level that you might not otherwise be able to afford.Using pop-up and banner ads to advertise your company on other websites and link back to your own, you can drive traffic to your website.To learn more about advertisements, refer to:
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assume the market reaches the competitive market equilibrium, what will be the price and quantity produced and sold?
Competitive equilibrium is a circumstance in which profit-maximizing producers and utility-maximizing customers in aggressive markets with freely decided expenditures arrive at an equilibrium price.
At this equilibrium price, the quantity furnished is equal to the quantity demanded.
What happens when a market reaches its equilibrium price?A market is stated to have reached equilibrium price when the grant of goods fits demand. A market in equilibrium demonstrates three characteristics: the conduct of agents is consistent, there are no incentives for dealers to alternate behavior, and a dynamic process governs equilibrium outcomes.
Prices and quantities in aggressive equilibrium trade in response to grant and demand shocks. Price-taking behaviour ensures that all positive factors from trade in the market are exhausted at a aggressive equilibrium.
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https://brainly.com/question/13372875#SPJ4wally, incorporated issues $100,000 of 5% bonds, due in 10 years, when the market rate of interest is 6%. interest is paid semiannually on june 30 and december 31. the issue price of the bonds is:
The issue price of bond is $ 92,561.
What is bond issue price ?
An IOU-like debt security called a bond. To raise funds from investors prepared to extend them a loan for a specific period of time, borrowers issue bonds.
The bonds will mature on the maturity date, at which point the financial institution will pay the creditor the bond's face value.
The price that the bond issuer initially offers the bonds is known as the issue price. Bonds are frequently issued at par.
By applying a discount rate to the predicted cash flows, one may calculate the price of a bond. The time to maturity, credit ratings, and demand and availability are the three main factors that affect the price of bonds on the open market.
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what is an external communication that is paid for by the seller and promotes a product to potential customers?
The external communication that is paid for by the seller and promotes a product to potential customers is known as advertisement.
What is Advertising ?Advertising refers to the methods used to draw attention to a good or service. In order to attract consumers' attention, advertising seeks to highlight a good or service. It is often used to market a particular product or service, although there are many other applications as well, with commercial advertising being the most popular. Through "branding," which links a product name or image with particular traits in customers' minds, commercial advertising frequently aim to boost consumption of their goods or services. Direct-response advertising, on the other hand, is the term used to describe advertisements that aim to prompt a quick sale.
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which of the following activities would be considered a project? a.) schedule benchmark tests for each grading period b.) maintain student attendance records c.) enroll and register new students d.) organize an all-staff event to introduce a new principal
Organizing an all-staff event to introduce a new principal would be considered a project.
A principal is money that you at the start agreed to pay lower back. a hobby is a value of borrowing the important. normally, any charge made on a vehicle mortgage might be carried out first to any prices which can be due (as an example, past due prices).
The primary is the quantity of a debt that was first borrowed, and which remains unpaid. This amount no longer consist of any amassed unpaid interest related to the debt. The time period also can talk to the chief participant in a contract or other commercial enterprise transaction.
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bennett company has a potential new project that is expected to generate annual revenues of $263,900, with variable costs of $144,800, and fixed costs of $61,900. to finance the new project, the company will need to issue new debt that will have an annual interest expense of $25,500. the annual depreciation is $25,600 and the tax rate is 21 percent. what is the annual operating cash flow?
A measure of the amount of money made by a company's regular business operations is called operating cash flow (OCF).
What Is Operating Cash Flow (OCF)?Operating cash flow shows if a business can produce enough positive cash flow to support and expand its operations; if not, it may need outside finance for capital growth.An essential metric for assessing the financial performance of a company's main business operations is operating cash flow.A cash flow statement's opening part, which also contains cash from investing and financing activities, shows operating cash flow.The indirect method and the direct approach are both ways to show operating cash flow on a cash flow statement.The indirect technique starts with the income statement's net income and then subtracts non-cash items to get the cash base amount.The direct method uses actual cash inflows and outflows on the cash flow statement and tracks all transactions in a period on a cash basis.To Learn more About operating cash flow Refer to:
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your client, ray, wants to purchase a home listed for $200,000. the home is in a revitalization area, and ray can purchase it under the good neighbor program. how much will he have to pay for the home?
As per the rule those who qualify may purchase the home at a 50% discount, and with only $100 down, so $200,000, less 50%, plus $100 will be paid for the home.
Who are eligible for Good Neighbour Program?The "Good Neighbor Program" is a program given for the teachers, firefighters and law enforcement officers. This program gives them the opportunity to purchase homes at a lower rate in revitalization areas.
1. For the purposes of the GNND Sales Program, a person qualifies as a law enforcement officer if they satisfy the following criteria:
a. full-time employment with a state, a general municipal government, an Indian tribal authority, a federal law enforcement agency;
b. The individual is sworn to uphold and make arrests for violations of all applicable federal, state, tribal, county, township, and municipal laws while performing such full-time job.
c. The normal course of business for the full-time employment described in this section's paragraph (a) shall directly benefit the community where the residence is located.
2. Teachers
For the purposes of the GNND Sales Program, a person is considered a teacher if they meet the following criteria:
a. a full-time teaching position at a public or private school with state accreditation that offers direct services to students in grades kindergarten through 12;
b. The full-time job described in subsection (a) of this section must routinely assist pupils from the neighbourhood where the home is situated.
3. Emergency medical technicians or firefighters
For the purposes of the GNND Sales Program, a person is considered to be a firefighter/EMT if they are:
a. employed full-time by a fire department or emergency medical services responder unit of the federal government, a state, a general local government unit, or an Indian tribal government as a firefighter or emergency medical technician;
b. The locality where the residence is located must be directly served by the full-time employment described in this section's paragraph (a) in the normal course of business.
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Money neutrality suggests that an increase in the money supply leads to _____ in price level and inflation and _____ in real gdp.
Money neutrality suggests that an increase in the money supply leads to an increase in price level and inflation and no change in real GDP.
In the field of business, money neutrality is a theory that describes that although an increase in revenue can lead to an increase in price level but it does not have any real effect on the GDP.
In other words, money neutrality describes that an increase in monetary value does not affect the economic equilibrium that is required for enhancing the GDP of the country.
Factors like GPD or employment etc remain unaffected by the increase in money according to the money neutrality theory in business.
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6. many subcultures make up important market segments. examples of three such important subculture groups include hispanic americans, african americans, and asian americans. describe the general shopping-related characteristics of each of these groups.
Branded, higher-quality products are more popular with Hispanic consumers than generics.
Perhaps even more significant is the fact that Hispanics are extremely brand-adherent and favor businesses that specifically target them. Compared to other demographics, African American consumers are more price-conscious; Quality and choice also strongly motivate them. African Americans appear to be more fashion-conscious and enjoy shopping more than other ethnic groups. Asian Americans are the most affluent demographic in the United States and the second-fastest-growing subculture of the population, after Hispanics.
Of all the ethnic groups, Asian Americans are the most brand-conscious and tech-savvy. Financially, older consumers are better off than younger ones. Travel, restaurants, high-tech home entertainment products, convenient services, financial services, and healthcare services would thrive in this market.
What kind of customers do Hispanics target?Include the culture of Hispanics in your marketing efforts.
You can, for instance, use a single Hispanic flag, incorporate cultural music, and incorporate imagery from Spanish-speaking nations. Your marketing can be more successful if you do more to connect your brand to the beautiful Hispanic culture.
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a monopolistically competitive firm will group of answer choices produce an output level that is productively and allocatively efficient. always produce at the minimum efficient scale of production. have some control over its price because its product is differentiated. charge the same price as its competitors do.
A monopolistically competitive firm will have some control over its price because its product is differentiated.
Option C is correct.
What Is Monopolistic Competition?Monopolistic competition exists when numerous companies offer contending products or services that are analogous, but not perfect, backups. The walls to entry in a monopolistic competitive assiduity are low, and the opinions of any one establishment don't directly affect its challengers.
What are characteristics of a monopolistically competitive request?Monopolistically competitive requests have the following characteristics There are numerous directors and numerous consumers in the request, and no business has total control over the request price. Consumers perceive that there are non-price differences among the challengers' products.
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when workers admire a supervisor because of the way he or she deals with them, the influence is based on:
When workers admire a supervisor because of the way they deal with them the influence is based on referent power.
A leader's capacity to motivate and sway people is the root of referent power, according to the most basic definition. The degree to which people like, respect, and admire a particular leader determines their authority.
One of several varieties of power is referent power. Other types of power include legitimate power, expert power, coercive power, and reward power. John French and Bertram Raven, two social psychologists, first discussed these theories of power in 1959.
The two proposed that referent power would enable leaders to inspire and enthuse followers. This leadership power could persuade people to follow you if you have the right personality traits and interpersonal skills.
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macroeconomic policies that focus on credit and interest rates or controlling the money supply are called
Monetary policy is the macroeconomic policy that focus on credit and interest rates or controlling the money supply
What is Monetary policy ?In order to ensure price stability and public confidence in the value and stability of the country's currency, the monetary authority of a country adopts a policy known as monetary policy. This policy aims to control either the interest rate payable for very short-term borrowing or the money supply.By altering interest rates or eliminating surplus reserves, monetary policy can increase the amount of money in circulation or decrease it. Fiscal policy, in contrast, focuses on taxation, government spending, and borrowing as tools for a government to control economic cycle phenomena like recessions.The best monetary policy may be created with the help of monetary economics. Monetary policy and fiscal policy are typically developed independently in modern nations.It is said that monetary policy is either expansionary or contractionary.To learn more about Monetary policy refer :
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a problem is listed below. identify its type. beginning in 2 years, a new booster club at a certain high school would like to award an outstanding senior on the varsity soccer team with a check of $1,500 towards the student's college tuition. since there is a boy and girl team, they wish to award one senior boy and one senior girl the same amount of money. thus, the club will need $3,000 at the end of 2 years. how much must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 2 years? a) future value of an annuity b) future value with compound interest c) amortization d) present value of an annuity e) sinking fund f) none of the above.
The sinking fund must the booster club invest each semiannual period in an account that pays 6% per year compounded semiannually to have the desired funds in 2 years.
A sinking fund is a fund created by an economic body through recurrent investments made over time to cover future costs. Therefore, the booster club may use this sinking fund technique to finance its upcoming costs for honoring a distinguished senior on the varsity soccer team.
The final sum of repeating payments made at regular intervals and at a specific rate of interest is the future value of an annuity. The word "sinking fund" is used in more conventional contexts to describe funds placed aside to pay off long-term debt, such as a bond.
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which work value involves an atmosphere where employees have the freedom to make their own decisions? a accomplishment b brain stimulation c environment d relationships
The ability to complete things without being micromanaged is autonomy. It also includes having the freedom to decide for yourself whenever you choose.
According to the self determination continuum, humans progress from having little autonomy to having total control over their conduct.
People typically have direct control over their behaviour at this level of total autonomy, becoming self-determined.
The intrinsic and the extrinsic are the two main categories of motivation according to self-determination theory.
When one is engaged in a task because they find it interesting or enjoyable, they are acting with intrinsic motivation.
Internalization and integration are the outcomes of extrinsic motivation.
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Answer: accomplishment
Explanation:
Many consumers associate Mercedes automobiles with status, luxury, quality engineering, and high price. This is an example of Mercedes' _____.
a) Brand equity
b) Brand image
c) Brand leverage
d) Brand position
e) Brand identity
Many consumers associate Mercedes automobiles with status, luxury, quality engineering and high price. This is an example of Mercedes' brand image. The correct answer would be option B.
The way a customer perceives a brand is known as its brand image. It is the culmination of a customer's perceptions, thoughts and impressions of the brand. Building a company's brand identity takes up the majority of their attention, resources and time. They choose the brand's visual identity, the customer experience it should provide, the positioning of the brand in consumers' minds as well as other connotations. When all of these factors are considered, a brand personality is created, which when the customer interacts with the business or learns about it, creates a brand image.
The following are the benefits of having a good brand image:
More earnings as more people get familiar with the brandNew items under the same brand are simple to introduceIncreases the trust of current clients and aids in keeping themImproved customer-business relationshipsTo know about brand equity see:
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What causes the total amount of interest paid on a mortgage to be so much higher than on other types of debts?.
The mortgage is higher because the owing loan amount is higher.
The principle of your mortgage refers to the amount you borrow. Your monthly payment will be divided into two parts: the main, or outstanding mortgage debt, and the loan's interest. In exchange for lending you money, the lender will charge you interest. The majority of people's monthly payments also include extra sums for insurance and taxes.
Your equity is increased and your loan balance is decreased when a portion of your payment is applied to the principal. Your balance or equity is neither lowered nor increased by the portion of the payment that is used for interest. Therefore, the equity you accumulate in your property will be considerably less than the total of your monthly payments.
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smathers corporation stock has a beta of .92. the market risk premium is 7.50 percent and the risk-free rate is 3.15 percent annually. what is the company's cost of equity?
Smather's corporation stock has a beta of .92. the market risk premium is 7.50 percent and the risk-free rate is 3.15 percent annually. Hence, the company's cost of equity is 10.05%.
Smather's Corp. stock has a beta of 0.92.
⇒ Beta = 0.92
Risk-free rate = 3.15 percent
Market risk premium = 7.50 percent
Formula: Cost of Equity = [ Risk free rate + (Beta) × ( Market risk premium) ]
Substitute all values, we get
Cost of Equity = [ 3.15 + (0.92) × ( 7.50) ]%
= [3.15+6.9]%
= 10.05%
Hence, the company's cost of equity is 10.05%.
The return a business needs to determine if an investment satisfies capital return criteria is known as the cost of equity. It is frequently used by businesses as a cap for the required rate of return. The price the market is willing to pay to possess an asset and assume ownership risk is known as a company's cost of equity. The capital asset pricing model and the dividend capitalization model are the two conventional formulas for calculating the cost of equity (CAPM).
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which method is the most efficient way to communicate with clients and partners in places like mexico, malaysia, and china?
The most efficient way to communicate with clients is conversations over long dinners. With a conversations over long dinners, the clients and partners can discuss their importance.
Conversation generally can be described as an exchange of word. In the other side, communication generally can be described as the transformation of thoughts and words into meaningful action. The main difference between communication and conversation is that communication focuses more on what you wish to accomplish. Conversation will give you a social support through the relationship, which is friends, colleagues, or also the member of an organization.
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david's mother is killed in an automoblie accident. what type of insurance would provide his family financial support to cover the paid and unpaid work his mother performed? responses
Answer: Life
Explanation:
First, let's review what Life insurance IS: insurance that pays out a sum of money either on the death of the insured person or after a set period.
Since David's mother is killed in an automobile accident and they want to know what type of insurance would provide his family financial support, it would be life because it would pay them out a sim of money on the death of the person (In this scenario David's mother) or after a set period
while preparing the bank reconciliation, you notice that a check, written by the company for $920, has been outstanding for 5 months. what is the best action for you to take?
we notice that a check, written by the company for $920, has been outstanding for 5 months .Investigate to determine why the check has not cleared is the best action to take.
Written, dated, and signed check instruct banks to give the bearer a certain amount of money. The person or entity who writes the check is referred to as the payor or drawer, and the person to whom it is made payable is known as the payee. The bank on which the check is drawn, on the other hand, is the drawee. Payments can be made in a convenient, secure, and safe manner using checks. Since no hard cash is used in the transfer procedure, it is a secure solution that reduces the risk of theft or loss. Both current accounts and savings accounts are eligible for cheque issuance. Checks that use the bank's own funds to complete the transaction are called cashier's checks or teller's checks.
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which of the following about inflation is true? group of answer choices high rates of inflation are usually associated with wide year-to-year changes in inflation. high rates of inflation are usually associated only with very large countries such as the united states. high rates of inflation are usually associated only with smaller countries such as costa rica. high rates of inflation will generally improve the economic efficiency of an economy.
The statement that is true and reflects true facts about inflation is that high rates of inflation are usually associated with wide year-to-year changes in inflation.
In simple terms, downward pressure on the inflation rate is directly proportional to the growth in the rate of economic means more goods can be bought with the money. High and volatile inflation rates would create uncertainties about the formation of economic agents' future spending and income decisions. Inflation also causes companies to go into loss and thus unemployment increases during this time and thus economic growth spirals downwards.
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item 20 bennett company has a potential new project that is expected to generate annual revenues of $264,800, with variable costs of $145,200, and fixed costs of $62,200. to finance the new project, the company will need to issue new debt that will have an annual interest expense of $26,000. the annual depreciation is $25,800 and the tax rate is 21 percent. what is the annual operating cash flow?
The Annual operating cash flow is $50,764.
Given in the Question,
Revenue = $264,800
Variable Cost = $145,200
Fixed Cost = $62,200
Depreciation Expenses = $25,800
The computation of the operating cash flow is shown below;
As we know that
Annual Operating Cash Flow is
= EBIT × (1 - Tax Rate) + Depreciation Expenses
Here,
Firstly, we will find Earnings Before Interest & Tax [EBIT]
Earnings Before Interest & Tax [EBIT] = Revenues - Variable Cost - Fixed Costs - Depreciation Expenses
= $264,800 - $145,200 - $62,200 - $25,800
= $31,600
Now,
Annual Operating Cash Flow = EBIT × (1 - Tax Rate) + Depreciation Expenses
= $31,600 × (1 - 0.21) + $25,800
= [$31,600 × 0.79] + $22,000
= $24,964 + 25,800
= $50,764.
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applying the cobit framework, governance is the responsibility of group of answer choices internal audit. external audit. management. the board of directors.
According to the COBIT framework, the board of directors is in charge of governance.
ISACA developed the COBIT framework to close a critical gap between technological concerns, business risks, and control needs. In order to guarantee the quality, control, and dependability of information systems, COBIT may be applied in any business from any sector.
A few real-world issues with COBIT are noted, including its complex principles and organizational structure, a lack of implementation assistance and benefits, and its overlap with other IT standards. A COBIT-BSC model is suggested to illustrate a straightforward method of structuring COBIT control objectives in order to address these issues.
Businesses can manage risk, reduce the cost of IT services, gain better insight into IT operations, and eliminate silos between IT and other business units by using COBIT effectively.
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given the answer to first question, what discretionary fiscal policy tool did arthur laffer propose that the united states utilize to increase tax revenues?
c. point C
According to Arthur Laffer, the 1980s US economy was operating at an excessively high-income tax rate, but not at 100%. As a result, the answer to the first question is point C.
c. decrease income tax rates
Given his assessment of the economy, Laffer proposed that the solution to increasing tax revenues was to lower tax rates. As a result, the answer to question two is to lower income tax rates.
Arthur Laffer was a supply-side economist who sought the lowest possible income tax rate in order to maximize government tax revenues. The economy would operate at point E with this hypothetical tax rate. He is not well known for his perspectives on government spending or demand management policies.
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The complete question is:
In the 1980s, Arthur Laffer proposed that the economy was operating around which point?
a. A
b. B
c. C
d. D
e. E
Given the answer to first question, what discretionary fiscal policy tool did Arthur Laffer propose that the United States utilize to increase tax revenues?
a. decrease government spending
b. keep income tax rates at the current level
c. decrease income tax rates
d. increase government spending
e. increase income tax rates
the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size, established routines, or prior strategic commitments to existing suppliers and customers is known as
Incumbent inertia is the tendency of existing firms to be slow to respond to changes in the industry environment due to their large size and established routines with existing suppliers and customers.
Incumbent inertia, defined as the failure to implement internal change in the face of significant external change, causes incumbents to fail in markets where they once held a competitive advantage. It is possible for an incumbent to become inert if they wait until the market is fully developed or if they are undecided about the best course of action. The literature does not mention this second explanation as a reason for incumbent inertia.
By allocating resources effectively and acquiring capabilities that enable them to outperform rivals, businesses can gain a competitive edge (Day, 1994), but as the competitive environment changes, firms may lose their ability to compete.
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leaders who say what they think employees want to hear but whose behavior demonstrates that their own self-interests take precedence over the interest of their team could be described as
Pseudotransformational leaders are those who demonstrate that his own self-interests put before those of their team.
What do you mean by employee?An worker who is compensated to work for another person or business is an employee. Employees need only be paid by an employer for their labor in order to qualify as employees; individuals are not required to work comprehensive (the person or business that pays them).
Who are employees of a company?Employees are people who have been employed by their employer, often known as the person or company they work for, to execute tasks for them. According to the IRS, people are regarded as workers if the employer has control over the work done.
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Companies often pay to make their products visible in popular movies- such as when admired actors drink certain beverages. Based on classical conditioning principles, what might be an effect of this pairing?.
Companies frequently pay to Celebrity endorsement, additionally called celeb branding and marketing is a advertising strategy that makes use of a celeb's repute and photo to sell a logo or product. This pairing enables a celeb to symbolize you enables to distinguish your logo from competitors.
It can also enhance advert recall, making customers bear in mind your advert and that your logo is attached to their favored celeb. If viewing an trendy actor (a US) elicits a fantastic response (a UR), then pairing the US with a brand new NS (the beverage) may want to flip the beverage right into a conditioned stimulus (CS) that still turns into fantastic, a conditioned response (CR). Other use instances encompass not-for-profit agencies that leverage a celeb's repute to elevate attention or funding round a reasons. Using a celeb to symbolize you enables to distinguish your logo from competitors.
It can also enhance advert recall, making customers bear in mind your advert and that your logo is attached to their preferred celeb. When you sign up a celeb to propose your logo, you sign up to the whole thing that incorporates them. The blessings of the use of a celeb for marketing and marketing are the cap potential to: Build logo equity, which means logo energy is obtained thru the call recognition, which lets in the enterprise to gain large income and profits. Increase the consumer's remembrance of the advert. Link the product to the celeb's skills. The maximum extreme conflicts arise while hazardous or useless services and products are promoted by celebrities. Celebrities can push customers to buy matters on the way to not paintings or can reason harm. It is specifically unethical while a celeb endorsement is used to override professional opinion.
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an unscrupulous creditor might sell the right to collect the same debt to two different persons by assigning it to each of them. which one of the two innocent assignees is entitled to payment and why? (2 marks)
An assignable contract is a derivative contract that contains a clause allowing the holder to transfer the obligations and rights of the contract to another party or individual before the contract expires.
In the real estate market, there are also assignable contracts that permit the transfer of property.
An assignable contract is one that contains a clause allowing the contract's holder to assign, transfer, or otherwise dispose of the contract's obligations and rights to another party or individual before the contract's expiration date. The underlying asset would be available for delivery, and the assignee would be eligible to take advantage of all contract benefits prior to their expiration. However, any responsibilities or demands imposed by the contract must also be met by the assignee.Some options and futures contracts may have assignability. Additionally, real estate contracts that are assignable permit the transfer of property.Learn more about Contracts, here
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an increase in the price of gasoline shifts the demand for tires in which direction? a to the right, because an increase in the price of gasoline makes consumers poorer and thus not willing to pay as much for tires. b to the left, because gasoline and tires are substitutes. c to the right, because gasoline and tires are normally used together. d to the left, because gasoline and tires are normally used together. e to the right, because gasoline and tires are substitutes.
The correct answer for the given option is D (to the left, becuase gasoline and tires are normally used together)
What is substitute and complement?
Substitute is a product or service that can be easily replaced with another by consumers
Complement is a product or service that are consumed together
In this context, gasoline and tires are complements. If two goods are complements, then they will be having joint demand. The demand of one good will affect the other. So, when the gasoline price is increasing, then the demand of people buying cars will decrease and that means the demand of new tires will be lower than before.
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rather than trying to compete with other companies, it is the goal of tonya's company to give customers more value for the products they buy and provide these products at a lower price. tonya's company employs the environmental marketing strategy known as .
Tonya's company employs the environmental marketing strategy known as the Societal marketing concept.
What is the Societal marketing concept?Marketing social responsibility is the marketing concept that companies should make their marketing decisions by considering not only the desires of consumers and the needs of the company but also the long-term interests of society.The social marketing concept holds that marketers have a greater social responsibility than simply satisfying customers and providing value. Instead, marketing activities should seek to benefit the general welfare of society.Social marketing emphasizes social responsibility and helps companies develop marketing strategies to deliver value to their customers and maintain the well-being of their customers and society better than their competitors in order to maintain long-term success and suggests that it should be improved.The concept of social marketing evolved from the conflict between the short-term needs of individual consumers and the long-term well-being of society.an example of societal concept would be tobacco companies giving warning of cancer after consuming it.To know more about societal marketing concepts refer to:
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