Answer:
1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.
2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.
3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.
4. Promotional Tools
Advertising.
Advertisement with a well known actor will enable the fans of the actor to purchase shoes.
Sales Promotions
Adding a 20% opening discount will gain those who like to buy products when they are on discounts.
Publicity
Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.
Explanation:
1. A niche market will be targeted. This market will purchase shoes with high quality raw material and the finished goods are also luxurious. Price will be high for the shoes which will be affordable for the niche class of market.
2. The brand name will be Luxo Shoes. This name will be self explanatory about its luxurious shoes. Also a tag line can be added to increase the clarity for eg. Fit for a Prince/Princess.
3. The business will be selling high quality and beautiful shoes that will be able to attract all the shoes lovers and will be targeted to the niche class.
4. Promotional Tools
Advertising.
Advertisement with a well known actor will enable the fans of the actor to purchase shoes.
Sales Promotions
Adding a 20% opening discount will gain those who like to buy products when they are on discounts.
Publicity
Targeted publicity to reach the niche class by adding pamphlets in newspapers and distributing in rich locality.
Answer:
partial measure
Explanation:
Based on the information provided it can be said that the kind of productivity measure that can be used would be a partial measure. Partial Productivity measure relates output to a single input unit. For example, capital productivity deals with output per unit of capital while energy productivity relates output per joule of energy used. In this scenario, we would need labor productivity which is output per hour worked.
Answer: product benefit
Explanation:
When advertising a particular product, the product benefit simply means the benefits that the consumers will enjoy when they bunch such products.
In this case, Better Not Younger focuses on how its products make aging hair feel softer, therefore thus is the product benefit as this is what the consumers will enjoy when they purchase it.
Answer:
2,720
Explanation:
From the question I can see the revenue is to be calculated so, in order to calculate the revenue we can derive as per below:
<u>with probability of 0.20, the result is zero
</u>
- so, with probability (1 - 0.20) * 40% = 0.32, daily output is 1,000
- so, with probability (1 - 0.20)* 60% = 0.48, daily output is 5,000
<u>Daily output is:
</u>
- 0.20 * 0 + 0.32 * 1,000 + 0.48 * 5,000 = 320+2,400= 2,720
Answer:
1. Commercial banks - take deposits and make loans
Commercial banks create loans from the money deposited with them. They then earn interest on these loans and give the depositors some of the interest revenue depending on the type of account opened.
2. Mutual funds - purchase a portfolio of assets for a group of investors
Mutual funds pool money from multiple investors and then purchase a portfolio of assets. Profits made are divided amongst its investors.
3. Pension funds - manage a pool of money that is designated to be paid out to beneficiaries when they are in retirement.
Pension funds are meant to provide money to beneficiaries in retirement so they manage a pool of money that beneficiaries had invested into before they retired.
4. Investment banks - help businesses, governments, and institutions to raise funds to finance their activities by issuing securities.
Investment firms are mostly underwriters who help businesses, governments and other institutions raise funds to finance their activities.