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2 years ago

Why do marketers segment their markets and what are the basic criteria for doing so successfully?

Business

1 answer:

Firlakuza [10]2 years ago

8 0

Answer: enables marketers to tailor marketing mixes to meet the needs of particular population segments

Explanation:

Market segmentation enables marketers to tailor marketing mixes to meet the needs of particular population segments. Segmentation helps marketers identify consumer needs and preferences, areas of declining demand, and new marketing opportunities. the marketing strategy of almost all successful organizations.

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PLEASE HELP ME

Gnom [1K]

Answer:

I hope it helps, sry if it doesn't!

I don't rly know how to explain it tho

Explanation:

6 0

3 years ago

Suppose that the level of GDP increased by $100 billion in a private closed economy where the marginal propensity to consume is

____ [38]

Answer:

$50 billion

Explanation:

To find the change in aggregate expenditures, we need to find the change in consumption. For this, we will use the marginal propensity to consume formula:

MPC = ΔC/ΔY

Where:

MPC = Marginal propensity to consume

ΔC = Change in consumption

ΔY = Change in output (GDP)

We know that out MPC is 0.5, and our ΔY is $billion. We plug these amounts into the formula:

0.5 = ΔC / 100 billion

And we rearrange the equation to solve for ΔC

ΔC = $ 100 billion x 0.5

ΔC = $50 billion

So the change in consumption is $50 billion, which is also the change in aggregate expenditure.

3 0

3 years ago

Brush Industries reports the following information for May: Sales $ 915,000 Fixed cost of goods sold 103,000 Variable cost of

VMariaS [17]

Answer:

$559,000

Explanation:

Data provided as per the question below:-

Sales = $915,000

Variable cost of goods sold = $253,000

Fixed cost of goods sold = $103,000

The computation of gross margin is shown below:-

Gross Margin = Sales - Variable cost of goods sold - Fixed cost of goods sold

= $915,000 - $253,000 - $103,000

= $915,000 - $356,000

= $559,000

6 0

3 years ago

According to the text, management contracts usually stipulate that a fee of __________ be paid to the firm providing the managem

harina [27]

Answer:

A. 2 to 5 percent of sales

Explanation:

According to the text, management contracts usually stipulate that a fee of 2 to 5 percent of sales be paid to the firm providing the management expertise.

7 0

3 years ago

Read 2 more answers

Your annual budget to hire a social media team is $620,000. If each member on the team is paid $18/an hour and works a total of

avanturin [10]

The number of team members you can hire based on your annual budget of $620,000 for the social media team is <u>16</u>.

<h3>What is budgeting?</h3>

Budgeting is the process of making a financial estimate of expected revenue and expenditure for a period.

Budgeting ensures that sufficient funds are made available and spending does not exceed the budgeted amount.

<h3>Data and Calculations:</h3>

Annual budget for media team = $620,000

Member's rate per hour = $18

Total hours worked per year by a member = 2,040

A member's earnings per year = $36,720 ($18 x 2,040)

The number of team members to hire =16.9 ($620,000/$36,720)

Thus, the number of team members to hire for the social media team is <u>16</u>.

Learn more about budgeting at brainly.com/question/24940564

7 0

2 years ago