Solved

Retirement Planning Is a Consulting Firm with Clients Across the Nation.Within

question 94

Multiple Choice

Retirement Planning is a consulting firm with clients across the nation.Within the company is a travel group that arranges flights and hotel accommodations for its 250 consultants.The overhead cost of operating the travel group amounts to approximately $204,000 annually.Recently the company conducted an ABM study that has determined the following:
-Each consultant completed approximately 15 business trips per year.
-On average, 17 trips are scheduled, with 2 trips cancelled and rescheduled.
-Benchmarking with a Retirement Planning's client indicates that the client incurs a cost of $60 per scheduled trip to book travel.
How much overhead cost should be allocated to each completed trip?

Comprehend the causes and effects of supply-side shocks on an economy.

Analyze historical trends in unemployment and inflation rates.

Understand the relationship between unemployment rates and economic conditions.

Recognize the impact of technological changes and globalization on employment.

Definitions:

Promotional Mix

The combination of marketing tools used by a business to effectively promote its products or services, including advertising, sales promotions, public relations, personal selling, and direct marketing.

Sales Promotion

Short-term marketing strategies aimed at stimulating consumer demand or improving product availability to boost sales, such as discounts, coupons, or special offers.

Public Relations

The method of strategic communication that fosters beneficial connections between organizations and their audience.

Encoding

The process of converting ideas or messages into verbal, written, or visual formats to communicate effectively with a target audience.