Answer:
A target customer profile is simply a specific group of customers most likely to respond positively to your promotions, products, and services. 4 points regarding the nature of target customers:
- What kind of people we’re looking?
- Where to find them?
- What our customers want from our brand, to adapt our value proposition so that our brand is relevant to a specific need or problem?
- How they compare and choose products to adjust marketing campaigns to make our offering seem the most compelling?
Digital marketing has led to the growing importance of ‘Persuasive function of Promotion' because customers can learn about promotions from home and even compare the campaigns.
Explanation:
Persuading function of Promotion is to motivate customers to buy products under promotion due to intense competition among different industries producing similar types of products.
<span>When a monopolist switches from charging a single price to perfect price discrimination, it reduces the consumer surplus. Consumer surplus is defined as the difference between what a consumer believes they should pay for a good or service and the total amount that they actually do pay. The amount they pay is known as the market price and what they are willing to pay is noted on the demand curve. </span>
Answer:
Marketing Mix
Explanation:
Marketing mix is a combination of various components which are controlled by an organization or firm aimed at influencing a consumer's desire in purchasing their products. It is centered upon the historical 4Ps of marketing which are
1. Place
2. Promotion
3. Product, and
4. Price.
It is the method or technique used in taking or rather introducing or new product or service to the market. It is a group of tools used by businesses and marketers in selling their products and services to the buyers and final consumers.
Answer:
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Answer:
A. $36.28
B. $8.48
Explanation:
a. Calculation for the amount of OASDI taxes to withhold from Crow's pay
OASDI taxes is 6.2%
Hence,
OASDI taxes to withhold = 585.15*0.62
OASDI taxes to withhold = $36.28
Therefore the OASDI taxes to withhold from Crow's pay is $36.28
b. Calculation for the amount of HI taxes to withhold from Crow's pay
HI taxes is 1.45%
Hence,
HI taxes to withhold =585.15*0.0145
HI taxes to withhold=$8.48
Therefore HI taxes to withhold from Crow's pay is $8.48