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2 years ago

To create and capture customer value, companies must engage the first step of the marketing process, which is __________.

1 answer:

4 0

To create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.

<h3>Why is the first step of the marketing process important ?</h3>

The first step of the marketing process important because it help to identify the potential; buyers as well as to know the kind of the market that is needed to be focus on so as to be able to ,maker sales.

In this case, it should be noted that create and capture customer value, companies must engage the first step of the marketing process, which is Research Your Ideal Customer/Audience.

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Initially, a competitive industry that has 1,000 firms is in long-run equilibrium. Then 100 firms in the industry adopt a new te

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Answer:

The correct answer is: declines; higher economic; will incur losses.

Explanation:

A perfectly competitive firm has 1,000 firms that are operating in the long-run equilibrium.

Out of these firms, 100 firms have adopted a new technology that has caused their average cost of production to decline.

These firms will be able to produce more output at the same cost. As a result, their supply will increase, this will cause the price to decline.

The firms with new technology that are facing a lower average cost of production will earn positive economic profits as they have lower costs.

The firms with old technology that have higher production costs will incur economic losses as they have higher costs.

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3 years ago

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4 years ago

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3 years ago

Ben is saving 1/5 of his weekly pay to buy a car Write and solve an equation to find what weekly pay w results in savings of $61

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Answer: X=$307.50

Given:

Ben’s savings weekly = $61.50

It is 1/5 or 20% of his weekly savings

To find Ben’s weekly pay in $

Let X= Ben’s weekly pay in $

To solve, we use the equation

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4 years ago

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First of all we have to find the total labour force in this country

Children less than 18 + people in the military + people in jail + retirees + marginally attached workers + full time students

= 50million + 15million + 30 million + 10 million + 30 million + 20

= 155 million

Labor force = 280million - 155 million

= 125 million

In this population those working full time and part time are the number of those that are employed.

= 30 million + 80 million

= 110 million

The unemployed = 125 million - 110 million

= 15million

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$\frac{Unemployed}{LaborForce} \\=\frac{15}{125}$

= 0.12

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3 years ago