Question and answer
Discuss several reasons why marketers continue to have a difficult time understanding, predicting, and explaining consumer behavior.
The first area, financial accounting, is used mainly for ascertaining the results of any such business on a periodic basis, for i.e. 6 months. This should as a result; help the company determine the future course of action, in the long term. [ [ From an economic perspective, financial accounting treats money as a factor of production. Management and cost accounting are apparatus used to help
management make decisions on a day to day basis. Management and cost accounting aren?t useful simply for their own sake. These two functions help management conduct themselves along with other vital factors involved in the running of a business. Other key factors could be supply, demand, competitors, availability of raw materials, logistics etc. The second area is cost accounting, its primary purpose is to attain the value of direct and indirect costs involved in production. From the value acquired, management can make an informed decision on improvement in production performance. From an economic perspective, cost accounting is the measurement of economic performance. Thus, this information gives management a clearer indication of the performance of the product resources in the business. Costing also helps the sales manage in setting the correct price. But, because costing is solely a measurement of economic performance, it can not be considered as an accurate basis for setting prices. This is because selling prices is more of an economic decision. It would not be wrong for me to mention that pricing is basically determined by market factors. Prices are influenced mainly by demand, supply and competition, less on costs. For i.e. high demanded plus lack of competition would result in the business charging higher prices for its product, well above the costs. The third area is management accounting, which is related closely to cost accounting. Although it has essentially evolved from cost accounting, management accounting plays a much broader role in management decisions. It measures the performance, economically, of the whole business, vis-?-vis the economic environment that the business operates in. This area of accounting, seeks to combine both financial and cost information into a much broader function. ] ]
Expert answered|ianbearpig|Points 120|
Question
Asked 2/25/2013 8:07:49 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Discuss several reasons why marketers continue to have a difficult time understanding, predicting, and explaining consumer behavior.
Weegy: The first area, financial accounting, is used mainly for ascertaining the results of any such business on a periodic basis, for i.e. 6 months. This should as a result; help the company determine the future course of action, in the long term. [ [ From an economic perspective, financial accounting treats money as a factor of production. Management and cost accounting are apparatus used to help management make decisions on a day to day basis. Management and cost accounting aren?t useful simply for their own sake. These two functions help management conduct themselves along with other vital factors involved in the running of a business. Other key factors could be supply, demand, competitors, availability of raw materials, logistics etc. The second area is cost accounting, its primary purpose is to attain the value of direct and indirect costs involved in production. From the value acquired, management can make an informed decision on improvement in production performance. From an economic perspective, cost accounting is the measurement of economic performance. Thus, this information gives management a clearer indication of the performance of the product resources in the business. Costing also helps the sales manage in setting the correct price. But, because costing is solely a measurement of economic performance, it can not be considered as an accurate basis for setting prices. This is because selling prices is more of an economic decision. It would not be wrong for me to mention that pricing is basically determined by market factors. Prices are influenced mainly by demand, supply and competition, less on costs. For i.e. high demanded plus lack of competition would result in the business charging higher prices for its product, well above the costs. The third area is management accounting, which is related closely to cost accounting. Although it has essentially evolved from cost accounting, management accounting plays a much broader role in management ... (More)
Question
Expert Answered
Asked 2/25/2013 8:14:15 PM
0 Answers/Comments
discuss several reasons why marketers continue to have a difficult time understanding predicting,and explaining consumer behavior
Weegy: The first area, financial accounting, is used mainly for ascertaining the results of any such business on a periodic basis, for i.e. 6 months. This should as a result; help the company determine the future course of action, in the long term. [ From an economic perspective, financial accounting treats money as a factor of production. Management and cost accounting are apparatus used to help management make decisions on a day to day basis. Management and cost accounting aren?t useful simply for their own sake. These two functions help management conduct themselves along with other vital factors involved in the running of a business. Other key factors could be supply, demand, competitors, availability of raw materials, logistics etc. The second area is cost accounting, its primary purpose is to attain the value of direct and indirect costs involved in production. From the value acquired, management can make an informed decision on improvement in production performance. From an economic perspective, cost accounting is the measurement of economic performance. Thus, this information gives management a clearer indication of the performance of the product resources in the business. Costing also helps the sales manage in setting the correct price. But, because costing is solely a measurement of economic performance, it can not be considered as an accurate basis for setting prices. This is because selling prices is more of an economic decision. It would not be wrong for me to mention that pricing is basically determined by market factors. Prices are influenced mainly by demand, supply and competition, less on costs. For i.e. high demanded plus lack of competition would result in the business charging higher prices for its product, well above the costs. The third area is management accounting, which is related closely to cost accounting. Although it has essentially evolved from cost accounting, management accounting plays a much broader role in management ... (More)
Question
Expert Answered
Asked 2/25/2013 8:15:33 PM
0 Answers/Comments
19,791,363 questions answered
Popular Conversations
Find the product. (0.5n 5)2(10n 7) 3
Weegy: Is there a second part to this question? such as C= 0.25n User: Find the product. (y 2)5 · y 8 Weegy: IF ...
3/4/2015 10:51:00 AM| 3 Answers
Who, whom, whose, which, and that are used to introduce dependent ...
Weegy: Earthen- resembling earth. User: What question does the adverb clause answer? I'll agree to your proposal ...
3/4/2015 4:24:41 PM| 3 Answers
Pakistan’s economy is _______________ dominant. ...
Weegy: Pakistan’s economy is _______________ dominant. MANUFACTURING
3/4/2015 3:52:35 AM| 2 Answers
Which sentence uses epigraph correctly? My father always signs his ...
Weegy: your answer is b.Several downtown buildings have been marred with a racist epigraph. Anything else? User: ...
3/4/2015 8:20:11 AM| 2 Answers
Which word is a synonym for secret? ...
3/4/2015 8:48:42 AM| 2 Answers
80, 90, 85, 95, 90, 100, 95, 105, __, ___, ___
Weegy: e the next three numbers in the sequence is 100, 110 and 105. [smile] User: 5 - 6 - 8 = Weegy: 3-3 = 0 ...
3/4/2015 9:00:09 AM| 2 Answers
Find the product. (-4·3·2)2 User: Find the product. (n 3)2 · (n ...
Weegy: that is a factor what you need to know? User: Find the product. (n ^3)^2 · (n^ 5)^4
3/4/2015 10:31:32 AM| 2 Answers
10^6
Weegy: 2 * 10 = 20 User: (100)6
3/4/2015 10:43:28 AM| 2 Answers
Weegy Stuff
S
L
P
L
P
P
P
Points 293 [Total 8179]| Ratings 0| Comments 293| Invitations 0|Offline
S
P
C
L
P
L
1
P
Points 84 [Total 7391]| Ratings 0| Comments 84| Invitations 0|Offline
S
1
Points 75 [Total 986]| Ratings 1| Comments 65| Invitations 0|Offline
S
1
L
L
Points 69 [Total 7570]| Ratings 0| Comments 69| Invitations 0|Offline
S
Points 56 [Total 561]| Ratings 3| Comments 26| Invitations 0|Offline
S
Points 22 [Total 390]| Ratings 0| Comments 22| Invitations 0|Offline
S
Points 17 [Total 108]| Ratings 0| Comments 17| Invitations 0|Offline
S
Points 12 [Total 12]| Ratings 0| Comments 12| Invitations 0|Offline
S
Points 11 [Total 127]| Ratings 1| Comments 1| Invitations 0|Offline
S
Points 10 [Total 10]| Ratings 1| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.