Answer
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Explanation
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Answer:
a. micromarketing
Explanation:
Micromarketing -
It is the strategy of marketing , where the advertising is done on the basis of the location and the taste of the people , is referred to as micromarketing .
In this method ,
The ares are bifurcated into small regions , and for each and every region different method of marketing is used , depending on the people and location .
This enables to market the goods and services in a better manner .
Hence , from the given scenario of the question ,
The correct option is a. micromarketing .
Answer: Discount store
Explanation: As the name suggests, discount store is the store in which the prices of general products are lower than other retail shops.
These stores makes it possible to provide such discounts by purchasing in bulk from the intermediary, or direct purchase from the producer or by cutting the cost of other services provided.
So, from the above we can conclude that cash and carry is a discount store.
There are different kinds of market. The option that is not a reason perfect competition is a useful simplification, despite the diversity of market types we find in the world is that;
- There are many buyers and many sellers in all types of markets.
<h3>What leads to perfect competition?</h3>
Firms are known to be in perfect competition due to;
- When many firms produce identical products.
- When there are plenty buyers available to buy the product, and and also plenty sellers are available to sell the product, etc.
Firms are said to be in perfect competition when a lot of firms produce the same type of products and also these firms can do business in the market without any kind of restrictions.
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The computation shows that the amount that will be made will be $420.
<h3>How to compute the value?</h3>
From the information, it was stated that a particular plot of land can produce 700 kg of beef per hectare. beef sells for $4/kg.
It was then stated that if that land is converted to producing corn, which sells for $0.15/kg, approximately how much will the farmer make selling corn.
The amount made will be:
= 700 × 4 × 0.15
= 700 × 0.6
= $420
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