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SSSSS [86.1K]
2 years ago
14

Describe the branding strategies used by Hormel and how Justin's products fit into the Hormel product line.

Business
1 answer:
Roman55 [17]2 years ago
5 0

The branding Strategy that was used by Hormel is known as the multi product branding.

<h3>What is branding?</h3>

It should be noted that branding simply means the process of creating a strong, positive perception of a company.

In this case, the branding srategy that was used by Hormel is known as the multi product branding.

Learn more about branding on:

brainly.com/question/1234049

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When selecting a media vehicle, a media planner calculates the total cost of using a particular medium at the ________.
postnew [5]

Answer:

B. Cost per thousand persons reached

Explanation:

When selecting a media vehicle, a media planner calculates the total cost of using a particular medium at the cost per thousand persons reached. This refers to a marketing term stating the amount of money that it would cost to reach 1000 people with their advertisement on any given social media platform in order to make people aware of their product or service.

4 0
3 years ago
If we use "ceteris paribus" when plotting a demand curve for the price of canned beans, what is assumed to be constant?a. The pr
Tanzania [10]

Answer:

All except 'a' i.e The price of a can of beans

Explanation:

Demand Curve is the graphical representation of quantities of a good demanded at different prices, other factors remaining constant (ceteris paribus).

The curve is downward sloping due to inverse relationship between price & quantity demanded, as per law of demand. Change in price defines quantity demanded movement on the curve itself. Any change in factors other than price shifts the curve altogether.

In this case : Determining demand curve of 'Canned Beans' - would be  based only on relationship between their quantity demanded & their own i.e canned beans price. All other factors - tomato can price, their cost of production, their supply are held constant as per 'ceteris paribus'.

6 0
3 years ago
Greater resource prices _______ the costs of production, thereby, ______ the incentive for firms to produce the good at each pri
RoseWind [281]

Greater resource prices increases the costs of production, thereby,  reducing  the incentive for firms to produce the good at each price.
The total cost incurred by a business to produce a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.

Costs of Production

All of the direct and indirect expenses firms incur when producing a good or rendering a service are referred to as production costs. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production costs. When a company produces a good or offers a service, it incurs production expenses, which are sometimes referred to as product costs. Numerous expenses are included in these costs. For instance, manufacturing expenses for manufacturers include the cost of the labour and raw materials required to make the product. Production expenses in the service sector are related to the labour needed to implement the service and any material costs associated with providing the service.

To learn more about Costs of Production

brainly.com/question/13738783

#SPJ4

3 0
2 years ago
Making sure the company has enough production capability to meet demand is an example of what?
Mumz [18]

Answer:

Capacity Planning

Explanation:

Capacity planning is the process that measures the capacity of the production required by an organization in order to meet the demand i.e. changes for their products

So as per the given situation the company that has sufficient capability to meet the demand represent the capacity planning

hence, the capacity planning is the answer

8 0
3 years ago
_______ occurs when the inflation rate is less than zero percent.
nikitadnepr [17]

deflation occurs when inflation rate is less than zero percent

3 0
4 years ago
Read 2 more answers
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