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3 years ago

TIME REMAINING

Business

1 answer:

Otrada [13]3 years ago

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Answer:

based on the economics , the one that should be the most influential in making the decisions is : the value of resources The value of resources refer the one's capability in spending their resource to get what they want. An entity with low amount of resources , tend to be more careful about how they spent their resource Hope this helps. Let me know if you need additional help!

Explanation:

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Typically, the ________ style of leader avoids dominating groups. autocratic laissez-faire authoritarian democratic

aleksklad [387]

Typically, the<u> laissez-faire</u> style of a leader avoids dominating groups.

In French, "laissez-faire" literally means "let someone do what they want". The origins of laissez-faire are associated with his group of 18th-century French economists, the Physiocrats, who believed that government policy should not interfere with the running of the natural economy.

An example of laissez-faire is the economic policies of capitalist countries. An example of laissez-faire is when homeowners can grow whatever they want in their front yard without asking for a city permit. Do not interfere in the affairs of others.

Disclaimer: Learn more about laissez-faire here brainly.com/question/17259480

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2 years ago

Procter & Gamble determined that its Thermacare Heat Wrap was underperforming and lacked a desired level of growth potential

Kamila [148]

Answer:

Decline

Explanation:

there are four stages of product life cycle

1. introduction

2. growth

3. maturity

4. decline

In decline stage growth declines as a result of decrease in demand. The best decision at this stage is to divest the asset. Since Thermacare heat wrap was under performing it must be in decline stage and divestment of the brand was done by Procter and Gamble

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3 years ago

A group of business entrepreneurs who worried about their teenage children drinking and driving decided there must be some way t

vfiekz [6]

Answer: A) Prototype

Explanation:

The first model shown to entrepenuers are called prototypes

proto- before

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3 years ago

What would happen to the equilibrium price and quantity of lattés if the cost of producing steamed milk, which is used to make l

bagirrra123 [75]

Answer:

The equilibrium price would increase, and the equilibrium quantity would decrease.

Explanation:

With an increase in the cost of steamed milk, the cost of materials, one of the key factors in pricing decision would rise, which means that the equilibrium price of lattes would also increase. With an increase in price, according to the law of demand, there is a decrease in demand. Therefore, the quantity of lattes sold at the new equilibrium price would decrease.

The equilibrium price would increase, and the equilibrium quantity would decrease.

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3 years ago

What is meant by marketing mix and why do the 7 Ps comprise the marketing mix?

FinnZ [79.3K]

Answer:

a. The marketing mix is a set of actions or strategies that are implemented for the purpose of promoting a product or brand. This is usually done to increase sales by expanding the target customers.

b. The 7 Ps comprise the marketing mix since they are specific rules that can be used to assess how the product is doing in the market in terms of sales. They can help determine areas that need evaluation and also provide for a way to find solution to the problem.

Explanation:

The marketing mix is a set of actions or strategies that are implemented for the purpose of promoting a product or brand. This is usually done to increase sales by expanding the target customers.

The 7 Ps are the specific guidelines that one can utilize to achieve higher sales. They are as follows;

1. Product : this is every improvement made on the product to increase it's quality above the competition

2. Prices : the prices should be adjusted in such away that it shouldn't be too high to reduce the number of customers, neither should it be too low to cause losses

3. Promotion : this is the way in which you provide information about your product to the customers and at the same time get feedback according to the type of questions the customers ask.

4. Place : in the marketing mix, location of where the product is very important. The location should be in a place where the product is highly visible and also very accessible.

5. Packaging : the product has to be packaged in a way that is visually attractive most people make judgement on a product from how the product looks.

6. Positioning : one needs to know also how the product is viewed by the customers in comparison to other products from the competition.

7. People: the product is to be made by people, sold by people and bought by people. This means that there has to be considerable focus on the people at all levels of engagement.

The 7 Ps comprise the marketing mix since they are specific rules that can be used to assess how the product is doing in the market in terms of sales. They can help determine areas that need evaluation and also provide for a way to find solution to the problem.

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4 years ago