Describe target audience satisfaction
What will be an ideal response?
• Satisfaction – the state felt by a person who has experienced a performance or outcome that has fulfilled his or her expectations.
• Understanding satisfaction — people form expectations using past experience, statements of others and marketing information. If the offering raises expectations too high, it creates dissatisfaction. Satisfaction is created when experiences matches expectations and high satisfaction when experience exceeds expectations.
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The ecosystem is home to multiple biospheres.
a. true b. false
Merritt Company prepares consolidated financial statements with its wholly-owned subsidiary, Simon Ltd. Simon's functional currency is the British pound
At the end of the fiscal year, Simon has GBP 50,000 of inventory on hand that it purchased from Merritt when the exchange rate was $1.60 to 1 GBP. Merritt's standard gross profit percentage is 40%. The current rate at December 31 was $1.55 to 1 GBP and the average rate for the year was $1.58 to 1 GBP. The amount of intercompany profit that should be eliminated from inventory is: a. $32,000 b. $31,000 c. $31,600 d. $30,000