Product is the element of the marketing mix refers to a good, service, or idea that satisfies consumers' needs.
What is a product?
A product is an item offered for sale. A product can be a service or an item. It can be physical or in virtual or cyber form. Each product is produced at a certain price and each is sold at a certain price. The price that can be charged depends on the market, quality, marketing and target segment. Every product has a lifespan after which it must be replaced and a life cycle after which it must be reinvented. In FMCG parlance, a brand can be revamped, re-launched or expanded to make it more relevant to a given segment and time, while often keeping the product pretty much the same.
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Answer:
The transaction price would Leo estimated for this contract is $30,000
Explanation:
The computation of the transaction price is shown below:
= (Fixed fee + additional amount) × chance + fixed fee × chance
= $35,000 × 50% + $25,000 × 50%
= $17,500 + $12,500
= $30,000
hence, the transaction price would Leo estimated for this contract is $30,000
We simply applied the above formula so that the correct answer could come
Answer:
A
Explanation:
Network externality describes the effect a good or service has on a consumer when other consumers are also making use of the product
Positive network externality occurs when the marginal benefit of making use of a good increases as more users make use of the good
An example of Positive network externality is a social media platform. As there are more users on the site, you have more people to interact with.
For Annabey Inc., their growth increased when their their consumer based increased. As more people tried their product and liked it, they recommended the product to more people. this would increase their sales
Answer:
C) the marketing efforts to produce,promote,and reclaim environmentally sensitive products.
Explanation:
Green marketing can be understood as a way for organizations to concentrate efforts to produce, promote and recover environmentally sensitive products.
It is correct to say that this is a positive marketing for companies to reduce their negative impacts on the environment and adopt environmentally responsible attitudes, due to the fact that today's society expects companies to be positive transforming agents of society, being more than just entities profitable, stekeholders influence companies to adopt strict environmental standards in their processes and thus gain greater reliability, positioning and increase their market value.
Answer:
The correct answer is option C.
Explanation:
The GDP of an economy includes only the final goods and services produced in the economy in the given period of time.
In the given example , the day care shows the service provided by Jack and Jill.
The crayons and color books, milk, attendants are all intermediate goods and services.
So their values will not be included in the GDP.
The GDP will only include the value of daycare sold which is $100,000.
