Answer:
Firms determine which strategy is the best by researching data and finding out about their customers and then base their strategies/goal off of the customers.
Explanation:
what is the big thing that the wastewater consumes when it is being broken down in a river?
The main source of water pollution is sewage and waste water treatment, while farming and fossil fuel power plants are the main sources of diffuse pollution (via the air).
How does sewage pollute the water?The dissolved oxygen content of the water decreases as organics decompose naturally in sewage by bacteria and other micro organisms. This jeopardizes the quality of lakes and streams, where high levels of oxygen are required for the survival of fish and other aquatic organisms.
Bacteria, viruses, and pathogens that cause disease can pollute beaches and contaminate shellfish populations, limiting human recreation, drinking water consumption, and shellfish consumption. Metals such as mercury, lead, cadmium, chromium, and arsenic can be toxic to species in both acute and chronic doses.Our sewer system transports rainwater and wastewater from toilets to the water treatment plant via the same pipes. When there is an excessive amount of rain, water companies are permitted to discharge overflow from these pipes into our rivers and seas.
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the risk premium question options: a) depends on inflation b) is part of the interest rate c) depends on each person's time value of money d) is a payment that somebody pays to avoid risk
The risk premium is part of the interest rate.
What is interest ?In finance and economics, interest is the payment by the borrower or deposit-taking financial institution to the lender or depositor of an amount in excess of the repayment of the principal at a specified rate. It is different from a fee that a borrower can pay to a lender or a third party.Interest is the price you pay for borrowing money or the cost you charge for lending money.Interest is usually given as an annual percentage of the loan amount.This percentage is called the interest rate on the loan. Interest is the money you borrow when you borrow/receive when you lend. Consumers can earn interest by lending money (through bonds, certificates of deposit, etc.) or depositing money in interest-bearing bank accounts.To learn more about interest from the given link :
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does renting or purchasing makes the most sense for the bainters if they live in the house 1 year? 5 years? 10 years? 15 years?
Whether renting or purchasing makes the most sense for the bainters depends on their individual circumstances, including their financial situation, lifestyle preferences, and the local housing market.
However, in general, here are some general guidelines on when renting or purchasing may make the most sense If the bainters plan to live in the house for only 1 year, it is likely that renting would make the most sense. The costs of buying and selling a house in such a short period of time can be high, and the bainters may not have enough time to recoup these costs through appreciation in the value of the property.
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the shorter the forecast period, the more accurately the forecasts tend to track what actually happens. group startstrue or falsetrue, unselectedfalse, unselected
True, Making accurate long-term predictions is far more challenging. Marketing forecasting helps you optimize product and marketing tactics for future performance.
The forecasting process helps you understand the effectiveness of your marketing strategies and puts you in a better position to optimize your efforts going forward.
By understanding the strengths and weaknesses of your campaigns, you can better predict what will work and what techniques to omit altogether.
Businesses can learn more about their prospects in niche markets by using marketing forecasting. The use of market research and historical data allows for more accurate sales forecasting, as well as the identification of emerging needs and trends.
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The right way of asking the question is:
The shorter the forecast period, the more accurately the forecasts tend to track what actually happens, True or False.
which of the following is a normative economic statement? which of the following is a normative economic statement? the current high price of milk is the result of reduced worldwide supply. when the price of milk rises, the quantity of milk purchased falls. when the price of milk rises, the cost of milk-based products rises. the price of milk is too high.
The price of milk is excessively expensive, according to economic theory.
Normative economic statements examples include the following "Women should be eligible for larger student loans than men.
Normative economic statements include things like "Women should receive larger student loans than men," "Laborers should receive greater percentages of capitalism profits," and "Working citizens shouldn't pay for medical care." Arguments in favor of normative economics commonly use words like "should" and "ought." Normative economic statements are those that express an opinion or a conclusion. They lack facts and cannot be verified. Comments of this nature usually employ the words "ought" and "should". Positive economics, in contrast, is based on facts and evidence and can be confirmed as accurate or false. It is always feasible to confirm or test whether a statement is accurate, regardless of how difficult it may be. Instance 1 The earth weighs 6 septillion 6 10,000 4 metric tons. Consider this: Raising the minimum wage results in increased teen unemployment. A value judgment is necessary for normative assertions.
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a man borrowed r 3750 at the imple intret 7.5% p.a what will be the um he ha to depoit at the end of 73 day
We will receive Rs. 3806.25 after calculating the sum's simple interest. 3806.25. This implies that a man must deposit Rs. 3806.25 in his account at the end of 73 days.
What is Simple Interest?Simple interest is determined by multiplying a percentage of the principal (original amount) by the investment's duration. The simple interest can then be added to the principal amount to determine the investment's final value.
In its simplest form, interest is expressed as a percentage of the principal. For instance, if you agreed to repay a friend's $100 loan with 5% interest, the interest you would pay would only be 5% of 100: $100(0.05) = $5.
The formula of Simple Interest:
A = P(1+RT/100)
A = 3750(1+7.5×0.2/100)
T = 73/365 = 0.2years
= 3806.25
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true or false evaluation is the process by which management monitors operations by comparing actual and expected results.
Evaluation is the process by which management monitors operations by comparing actual and expected results.
The above statement is False.
The Given statement is of Controlling.
Controlling:
Control is the management function that compares specified standards with actual business development and takes corrective action in case of deviations.
Management includes all management efforts to ensure that objectives (already set during the planning stage) are achieved. This includes ongoing analysis of the plan and iterative updates to it as needed. The manager's project monitoring component (analyzing whether the project team is following the plan) can easily overlap with project management. Also, not every company or project has its own project manager. If you're a manager and do more project management than you need, a good project management software tool can help.
Managing appointments and deadlines, training employees, evaluating performance, adjusting budget or personnel allocations, and allocating resources are part of management.
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a project does not include question 29 options: unique elements. a specific objective. repetitive same or similar work. creating a new product or service.
A project does not include unique elements.
Projects have different characteristics than work in progress or business activities. These are not routine business processes and have fixed start and end dates. This characteristic is important because most of the project effort goes into ensuring that the project is completed on time. To do this, a schedule is created that indicates when the task will start and end.
Projects are time-bound and have fixed start and end dates.A project is completed when the project goals are achieved or when it is determined that the project is no longer feasible.
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finally, the client would have to reimburse dakota for every penny of actual expenses and costs incurred in-house, such as photocopies, plus any costs and expenses incurred from outside services providers, such as court reporters or experts. the client was astonished at the exorbitant fees, but she reluctantly agreed because she felt she had no real choice. dakota did memorialize their agreement in writing. is attorney dakota subject to discipline for this fee agreement?
Professional misconduct is the most common reason for attorney discipline. Lawyers can also be disciplined for conduct in their personal lives.
What is attorney?In the United States, the terms lawyer and attorney are often used interchangeably. For this reason, people in and out of the legal field often ask, “is an attorney and a lawyer the same thing?”.In colloquial speech, the specific requirements necessary to be considered a lawyer vs attorney aren’t always considered. Though in everyday speech these terms usually refer to the same person, there are distinctions that law students should be aware of.Understanding the difference between a lawyer and an attorney is important for anyone interested in earning a Juris Doctor (J.D.) degree. Whether you are wondering how to become a lawyer or an attorney in court, having the correct definition of each term may help to guide your career decisions.To learn more about attorney refer to:
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Attorney fees must be fair, and any fee arrangement must be in writing and include a detailed explanation of the basis or rate of the charge as well as any costs that the client will be responsible for.
What attorney Dakota subject to discipline for this fee agreement?Additionally, it is important for attorney Dakota to clearly explain the fee agreement to the client, including any potential costs or expenses that may be incurred, and obtain the client's informed consent to the agreement. If the client later complains about the fee agreement and it is found to be unreasonable or not properly explained and consented to, attorney Dakota could potentially be subject to disciplinary action.Attorneys have a duty to provide clear and concise information about their fee agreements and to obtain informed consent from the client. Additionally, attorneys are also required to charge reasonable fees and expenses. If a client complains about the fee agreement and it is determined that the attorney did not properly explain the fee agreement or obtain informed consent, or if the fees or expenses are found to be unreasonable, the attorney could potentially be subject to disciplinary action by the state bar association or other regulatory body.To learn more about agreement refer:
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which of the following statements regarding stock dividends and stock splits is true? group of answer choices when a 100% stock dividend occurs, the par value is cut in half and the number of shares doubles when a 100% stock dividend occurs, the par value is doubled and the number of shares doubles when a 2-for-1 stock split occurs, there is no change to the par value of the stock, and the number of shares is doubled when a 2-for-1 stock split occurs, the par value is cut in half, and the number of shares is doubled when a 100% stock dividend occurs, the par value is unchanged and the number of shares doubles when a 2-for-1 stock split occurs, the par value is doubled, and the number of shares is doubled
Both a stock dividend and a stock break up make bigger the stability in the frequent inventory account.
Stock splits do no longer enlarge the stability in frequent stock. In fact, journal entries are no longer required for inventory splits. The right answer is B.
What is authentic regarding stock splits?A inventory split happens when a organisation will increase the wide variety of its shares to raise the stock's liquidity.
Although the range of shares exceptional will increase through a unique multiple, the total greenback value of all shares amazing remains the same due to the fact a split does not essentially exchange the company's value.
What happens to dividends when a stock splits?In general, dividends declared after a stock cut up will be decreased proportionately per share to account for the increase in shares outstanding, leaving whole dividend repayments unaffected. The dividend payout ratio of a business enterprise shows the proportion of net income, or earnings, paid out to shareholders in dividends.
Which of the following is no longer actual about a stock dividend?Answer and Explanation: Answer choice: c. Cash dividends paid to stockholders reduce net income. Cash or inventory dividend does now not have an effect on the net income.
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Hasan needs to know how long the design phase of his project will take. What can he do to get that information
Establish checkpoints at the start and end of the phase. Make an automated summary task with all the tasks for that phase in it. Determine the amount of time between the phase's earliest and latest dates.
How can tasks be turned into milestones?Click Task after choosing the milestone. Click Task Information in the Properties group. Enter the milestone duration in the Duration box after selecting the Advanced tab. Click OK after selecting Mark task as milestone.
Can a summary task constitute a milestone?Because a milestone has no duration, it typically serves as a deadline for a variety of tasks that must be completed. A summary task lasts from the beginning of the first subtask to the end.
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Are dividends paid to shareholders from retained earnings?
A share price is a portion of a company's profits and interest income that it distributes to its owners and shareholders.
What examples of shares?A stockholder represents ownership in a company. The number of shares the company has issued determines the size of this ownership interest. Consider a hypothetical company that has issued 50 billion dollars stock shares.
How are the prices of stock determined?If you know an industry's market capitalization and share price, calculating the amount of stocks that are currently outstanding is straightforward. Just multiply the share price by the market capitalization amount. This ownership stake is based on the quantity of shares the company has issued.
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searching for logical divisions in a subject is a strategy for determining your group of answer choices general purpose. main ideas. specific purpose. blueprint.
One way to zero in on your topic's Main Ideas is to look for natural breaks within the material.
Division's classification structure is appealing because each item is classed as a unique leaf class and inherits attributes from the unique branch from that leaf to the root.
The structure contains the most generic attribute information regarding the classed items. Such categorization systems work for both non-animate natural and artificial sorts.
Logical division classifies organisms poorly. This is mostly because the classification of living species tends to need attention to ancestry and common ancestry rather than just similar traits. Logical division doesn't reveal ancestry.
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The right way of asking the question is:
Searching for logical divisions in a subject is a strategy for determining your ________.
most sales forecasts are based on past sales performances as well as
The majority of sales projections are based on anticipated market conditions as well as historical sales performance.
What often forms the basis of sales forecasts?The health of the sales pipeline, market trends, and prior performance are frequently taken into account in sales estimates. Businesses project biweekly, bimonthly, quarterly, then yearly income totals using the sales forecast.
What is the process of historical forecasting?Sales data from a specific time period is converted to quantifiable earnings trends in historical forecasting. This requires assessing your development over the course of several months, quarter, or years and making the assumption that the percentages should remain unchanged as your profitability rise in the future.
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Assume that Zimbabwe and Portugal can switch between producing toothbrushes and producing hairbrushes at a constant rate. Refer to Table 3-6. Assume that Zimbabwe and Portugal each has 180 machine minutes available. If each country divides its time equally between the production of toothbrushes and hairbrushes, then total production is 24 toothbrushes and 12 hairbrushes. 48 toothbrushes and 24 hairbrushes. 96 toothbrushes and 48 hairbrushes. 720 toothbrushes and 1440 hairbrushes
The opportunity cost production of a single hairbrush in Portugal is 6/5 toothbrushes and 10/3 toothbrushes.
Portuguese immigrants to Zimbabwe: why?To determine where the King of Mutapa State resided, the routes taken to transport gold and ivory to the coast, the availability of food supplies, and the goods used for its purchase, the Portuguese needed to know where the gold was sourced, who controlled its collection and trade, and who controlled the routes used to transport gold and ivory to the coast.
Where do Zimbabweans come from originally?Ancestors of the San people lived in what would become Zimbabwe until about 2,000 years ago. When the Bantu residents of the area came, they started a ceramics industry there. The Kingdom of Mapungubwe and the Kingdom of Zimbabwe are two examples of the numerous commercial empires that arose.
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how do human services differ from other consumer services?responseshuman services involve the trade of goods that help improve the lives of individuals rather than providing a service based on knowledge or skill.human services involve the trade of goods that help improve the lives of individuals rather than providing a service based on knowledge or skill.human services are nonprofit agencies that help individuals live better lives as opposed to companies that profit from consumer services.human services are nonprofit agencies that help individuals live better lives as opposed to companies that profit from consumer services.human services focus on helping individuals live better lives rather than providing solely commercial or corporate services.human services focus on helping individuals live better lives rather than providing solely commercial or corporate services.human services produce raw products such as agriculture or mining rather than providing a service based on knowledge or skill.
Human services focus on helping individuals live better lives rather than providing solely commercial or corporate services.
Why do you believe that people require fundamental human services?
With the aim of fostering self-sufficiency and satisfaction in people's life, human services aim to assist people in finding stability and can range from meeting their most basic requirements, such as food and shelter, to providing guidance, counselling.
What distinguishes consumer goods from consumer services?
The Consumer services are another category of concurrently generated and consumed intangible goods or services. One of the biggest consumer goods groups is comprised of things that move quickly.
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during a transaction in the secondary market, what percent of the sale price goes to the managers of the firm to use to grow the business? multiple choice question.
In a secondary market deal, the company's management receives no proceeds(Zero Percentage) to reinvest in the company.
In order to make informed investment decisions, traders always look for benchmarks to evaluate companies against. The market capitalization and sales of a company are put into a formula called the price-to-sales ratio.
The price-to-sales ratio (P/S) is determined by dividing the market capitalization of a firm (the number of outstanding shares times the per-share price) by the revenue the company generated in the prior fiscal year.
Investors should look for a low P/S ratio in a promising stock. A price-to-sales ratio is a valuable tool for evaluating stocks.
How much investors are willing to pay for every dollar of a company's sales can be inferred from the ratio of price to sales. In the case of growth stocks that haven't yet turned a profit or have experienced a temporary setback, this ratio can be useful in determining their fair market value.
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The right way of asking the question is:
During a transaction in the secondary market, what percent of the sale price goes to the managers of the firm to use to grow the business?
a. 100%
b. 0%
c. 50%
d. 10%
Points inside a production possibilities frontier represent .
A production inefficiency is represented by a point inside the production possibility frontier. When an economy's resources are not fully exploited, there is said to be productive inefficiency.
What Function Does the Economic Production Possibilities Frontier Serve?The PPF is a curve that is based on data of two variables that represent resources between two items, therefore the data may be changed to examine how issues like scarcity, growth, inefficiency, and other things might effect production.
What Is the Production Possibilities Frontier Important For?When everything else stays the same, the PPF shows whether resources are being utilised effectively and completely. As a result, you can alter the variables to watch how the curve responds and witness various results.
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There are inefficiencies or underutilizations of resources at certain places inside a production possibilities frontier. The maximum pairs of two items that an economy can create given its resources and technology are depicted on a graph known as the production possibilities frontier.
What is Production Possibilities Frontier?The potential output of an economy is depicted graphically by the Production Possibilities Frontier.It displays the greatest possible combinations of two commodities that can be made with the current technology and resources.All points of efficient production are represented by the Production Possibilities Frontier (PPF), which means that all resources are being used entirely to produce the two goods.Resources, technology, or production methods changes over time may have an impact on how the Production Possibilities Frontier looks.The Production Possibilities Frontier is frequently cited as an example for the economic concepts of comparative advantage, opportunity cost, and scarcity.Economists can learn more about an economy's potential for growth and its capacity for resource allocation by examining the Production Possibilities Frontier.To learn more about Production Possibilities Frontier from the given link :-
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a corporation issued 1000 shares of $100 preferred stock for $90. what was the amount of the discount? question 2 options: $90,000 $1000 $9000 $10,000
$1000 was the amount of the discount. The difference between the purchase price and the item's par value is the discount. Discounts are different types of price reductions or deductions from a product's cost.
A discount is a reduction in the regular selling price of a good or service, either in terms of money or as a percentage. A product may, for instance, be discounted by $10 from its list price or by 10% from its list price. In a discounted cash flow (DCF) analysis, the discount rate is the interest rate that is used to calculate the present value of future cash flows. This aids in figuring out whether a project's or investment's potential future cost flows will be worth more than the capital investment required to fund them.
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juul claimed that their product helped people __________, even though there was no independent research to back that up.
JUUL claimed their product helped people quit smoking, but there was no independent research to support this.
What is the best manner to stop smoking?
“The best way to quit smoking is with a combination of medication and counseling," said Maher Karam Hage, M.D., medical director of MD Anderson's Tobacco Treatment Program. "Both are helpful. But using both doubles her chances of using one or the other."
What happens to your body when you quit smoking?
About three days after quitting, most people experience irritability, irritability, severe headaches, and cravings while their bodies readjust. In just one month, a person's lung function begins to improve. As the lungs heal and vital capacity improves, ex-smokers may notice less coughing and shortness of breath.
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marginal revenue is not equal to price for a monopolist because: group of answer choices the monopolist's demand curve is below its marginal revenue curve. the monopolist must lower the price of all units in order to sell more. the monopolist sets price equal to marginal cost. total revenue increases as output increases.
the monopolist must lower the price of all units in order to sell more, Because a monopolist must reduce the price of all units to increase sales, marginal revenue and price are not equivalent for a monopolist.
Because there is only one seller under a monopoly, the market is actually the monopolist. Because of this, the monopolist's demand curve slopes downward, meaning that as the price rises, less is demanded. The marginal revenue curve similarly slopes downward, but it is lower than the demand curve because the monopolist must reduce prices across the board as it sells more products to increase sales. This indicates that for a monopolist, the marginal revenue is lower than the price. The marginal revenue is equal to zero when the reserve price and posted price are both optimum.
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you overhear two co-workers discussing something personal that they had saw on a customer's device. what would you do?
You overhear two co-workers discussing something personal that they had saw on a customer's device. I would do that to explain them they do the wrong according to the privacy policy of the company on customer devices.
The privacy policy is the term which is defined as the legal statement or document in which the disclosures between the one party to other party, uses, and to manager the data of the customers or clients.
The two co-workers discussing something personal that they had saw on a customer's device, they do the wrong or illegal and they have to acknowledge the mistake. The organization should take a strict action. So, that in future the workers should know their restrictions and company's policy.
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nonpublic knowledge about a corporation possessed by corporate officers, major owners and other individuals with privileged access to information about the firm is called'
Inside information refers to confidential information about a firm that corporate executives, significant shareholders, and other people with special access to such information may have.
A firm is a for-profit business entity that offers professional services, such as a corporation, limited liability company (LLC), or partnership. Most businesses only have one location. On the other hand, a business company is made up of one or more physical locations that are all owned by the same person and have the same EIN (EIN). The term "firm," when used in a title, is frequently connected to companies that offer expert legal and accounting services, but it may also refer to a wide range of companies, including consulting, marketing, and graphic design firms, among others.
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the sum of direct materials and direct labor is called
The complete direct actual costs, including labor and raw materials, are referred to as prime cost.
What advantages does cost have for business?To ensure that all expenses are covered and that the organization chooses a figure that will generate a profit, costing is required. The first and most important step is to identify ALL of a company's costs, including manufacturing, sales, management, and overhead costs.
What kinds of expenses do businesses incur?Costs come in two flavors: fixed and variable. Although both fixed and variable expenses have different effects on the business, both are crucial to its profitability. Definition of the term "volume" will be helpful when discussing expenditures.
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on april 1, wall's inventory had a fair value of $150,000, and the property and equipment (net) had a fair value of $380,000. what is the amount of goodwill resulting from the business combination?
First, the identifiable net assets' fair value must be established. Inventory $150,000, P&E (net) $380,000, Liabilities ($120,000), Net Assets $470,000, Cash $60,000.
What is an inventory?Once this has been established, figuring out the goodwill is as straightforward as deducting this sum from the purchase price. ($620,000 divided by $470,000 is $150,000 goodwill). The items and materials that a company keeps on hand with the intent of reselling, producing, or using them are referred to as inventory or stock. Defining the size, location, and shape of stocked commodities is a major focus of inventory management. Inventory is the collective term for all the goods that a business keeps on hand in preparation of reselling them to clients at a profit. In this case, only the newspaper will be regarded as inventory if the vendor delivers newspapers to customers using a vehicle. It will be seen as an asset to treat the car.The items and materials a company buys, makes, or generates with the intention of selling, trading, or manufacturing are considered inventory. Stock trading is another name for this.To learn more about inventory refer to:
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A reduction in the list price granted to a merchandising business.
answer choices
terms of sale
sale discount
list price
trade discount
A reduction in the list price granted to a merchandising company is trade discount The discount price is the amount that is reduced from the original price.
What is the discount off the list price?A functional discount is a reduction from the list price offered by a seller to buyers in exchange for marketing functions performed by the buyers.
A growing number of companies have expanded beyond traditional retailer-wholesaler boundaries and now sell the same product through two or more structurally distinct channel systems. As a result, the historically synonymous definitions of trade and functional price discounts are no longer applicable. If regulatory agencies continue to use these out-of-date definitions, the Robinson-Patman Act will be difficult to enforce, and distributive innovation will be hampered. The definition of a price discount determines who is (and is not) eligible for the discount, so it is an important starting point for analyzing a discount's competitive effect, which is the primary test under the Robinson-Patman Act. Regulatory agencies should be aware of the pro-competitive effects of price cuts and pursue an enforcement policy that promotes both competition and innovation. The authors provide clarification terminology for trade and functional price discounts.
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describe a time when you were asked to meet a deadline. how did you prioritize and were you able to meet all deadlines
A time when you were asked to meet a deadline. Then, I did the prioritize and able to meet all deadlines according to the project management responsibility.
The project management is used to define as the process in the leader leads the working team of their company and it manages the time, budget, scope and efficiency of doing the project work.
The prioritize should be the goal and time in which time interval the project will be done. To complete the project on time, create the list of the project tasks, list the task according to the efforts needed to be done.
The project management skills help in the the prioritize and able to meet all deadlines.
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carter co. records credit losses adhering to the current expected credit loss model. during the year, carter wrote off a customer's account receivable. what impact does the write-off have on carter's net income and total assets?
According to the current projected credit loss model, carter company tracks credit losses. carter wrote off a customer's account receivable during the year. Both net assets and net income remained unchanged.
The net profit amount on an income statement is equivalent to the change in net assets. It is used in financial reporting for nonprofit organisations. The indicator displays changes in assets as a result of revenue, expenses, and any assets that have had their limits lifted.
Logically, assets must equal liabilities plus equity, hence the change in assets less the change in liabilities must equal net income. That, of course, is presuming that there haven't been any capital transactions in the equity account, like dividend payments to owners or new investments by owners.
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debbie, along with mick and rory, decided to start a new catering business. she invested her time, money, and efforts in the project, and she directly managed the business development process. in this scenario, debbie is most likely a(n)
Debbie in her collaboration with Mick and Rory is most likely an enterpreneur (D).
To answer this qustion, let's discuss each option's definitions first.
Franchisor refers to a person or company who sell the right to open and sell products using his brand, expertise, and intellectual property to the franchisee. Franchisor and franchisee is related in a franchise relationship. Franchise is often used as one of business expantion strategy by a company.
Fundraiser is a person who is responsible to collect, getting, gathering, or raising money for a business to take place. Fundraiser seeks financial support for a particular purpose.
Client is a type of customer who purchasses a company's professional services. Client seeks advices and solutions from his puchase activity.
Enterpreneur is responsible on creating new business, bearing most of the risks, leading the management, maintaining the business' sustainability.
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Complete Question:
debbie, along with mick and rory, decided to start a new catering business. she invested her time, money, and efforts in the project, and she directly managed the business development process. in this scenario, debbie is most likely a(n) ____
a. Franchisor
b. Fundraiser
c. Client
d. Enterpreneur
a medieval knight could not go to the armor maker and pick out a size 44 long suit of armor to protect him in battle. nor could a person living in the middle ages go to the cobbler and get a pair of shoes in a few minutes. this period before the advent of marketing is known as the .
This period before the advent of marketing is known as the pre-industrial era.
The Pre-Industrial Age was a period of time before the Industrial Revolution, when most goods were produced by hand and the production of goods was limited by the availability of resources and the skills of the craftsmen. During this period, goods were made in small batches and often customized to the individual customer's needs. This meant that a knight could not simply go to the armor maker and pick out a size 44 long suit of armor, as the armor maker would have to craft the armor to fit the knight's exact measurements. Similarly, a person living in the middle ages could not go to the cobbler and get a pair of shoes in a few minutes, as the cobbler would have to craft the shoes to fit the customer's feet. The term "pre-industrial" refers to the period before machines were used to mass-produce things.
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