Sung Song, the owner of a new Chinese take-away outlet is disappointed with sales in the first three months of
business. There are several take-away competitors locally
His prices are a little higher than his closest competitor
However, the customers who have bought his food say it
is the best in town.
He has asked a small business adviser to help him
improve sales. The adviser has made the following
recommendations:
- Develop a marketing strategy.
Set a marketing budget.
Increase sales promotion.
2
a What is meant by 'sales promotion'?
b Identify two features of a marketing strategy.
C Explain the importance to Sung Song of setting a
marketing budget.
d Identify and explain how sales promotions might
increase the sales of Sung Song's business.
e Do you agree with the business adviser's
recommendation that a marketing strategy
will increase Sung Song's sales? Justify your answer.
​

What factors excluding price affect demand

Lo.2, 3, 9 lori, who is single, purchased 5-years class property for $200,00 and 7-years class property for $420,000 on may 20, 2018. lori experts the taxable income derived form the business (without regard to the amount expensed under ⧠179) to be about $550,000. lori has determined that she should elect immediate ⧠179 expensing in the amount of $520,000, but she doesn’t know which asset she should completely expense under ⧠179. she does not claim any available additional first-year depreciation. a. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 5-year class asset. b. determine lori’s total cost recovery deduction if the ⧠179 expense is first taken with respect to the 7-year class asset. c. what is your advice for lori? d. assume that lori is in the 24% marginal tax bracket and that she uses ⧠179 on the 7-year asset. determine the present value of the tax savings from the depreciation deductions for both assets. see appendix g for present value factors, and assume a 6% discount rate. e. assume the same facts as in part (d), except that lori decides not to use ⧠179 on either asset. determine the present value of the tax savings under this choice. in addition, determine which option lori should choose. f. present your solution to parts (d) and (e) of the problem in a spreadsheet using appropriate microsoft excel formulas. e-mail your spreadsheet to your instructor with a two-paragraph summary of your findings.

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.