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mario62 [17]
3 years ago
5

The concept of target market as it pertains to marketing is defined as: Group of answer choices Dividing a market into groups ba

sed on consumer knowledge, attitude, use, or response to a product. A market-coverage strategy in which a firm decides to target several market segments and designs separate offers for each. Tailoring brands and promotions to the needs and wants of local customer groups’ cities, neighborhoods, and even specific stores. A set of buyers sharing common needs or characteristics that the company decides to serve.]
Business
1 answer:
SSSSS [86.1K]3 years ago
8 0

Answer:

The correct option is option D, that is A set of buyers sharing the common needs or characteristics that the company decides to serve.

Explanation:

The concept of target market is termed as the group of potential customers to whom a company wants to sell its products and services. This group also includes specific customers to whom a company directs its marketing efforts.

Thus

Option A is not correct as it is not the market target, it is the process of market segmentations.

Option B is not correct as it is a the market coverage strategy which targets several segments of the market.

Option C is not correct as it is a method of effective marketing.

So only option D is correct.

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Following are selected accounts for Target Corporation. (a) Indicate whether each account appears on the balance sheet (B) or in
velikii [3]

Answer:

Target Corporation

Accounts that appear on the balance or the income statement:

Balance Sheet:

Accumulated depreciation 7,887

Retained earnings 12,761

Property, plant

Income Statement:

Sales $61,471

Depreciation expense 1,659

Net income 2,849

Explanation:

The accounts that appear on the balance sheet of Target Corporation are permanent accounts, which are not closed to the income summary at the end of its financial period.  These accounts are carried over to the next accounting period.  They include assets, liabilities, and owners' equity.  The accounts that appear on the income statement of Target Corporation are the temporary accounts, which are closed to the income summary at the end of the company's financial period.  The accounts include revenue and expenses, which are compared to extract the net income or loss for the period.

6 0
3 years ago
Customers currently link to Cisco's website to configure, price, and order its networking equipment. Cisco then sends orders bac
AlexFokin [52]

The correct alternative is supply chain management. Individuals monitor these transactions so that each is executed in a cost-effective and timely manner.

<h3 /><h3>What is the relevance of supply chain management?</h3>

Through the control and monitoring of each stage of a company's value chain, it is possible to achieve cost reduction and total quality, increasing the value of a company's products and services and its positioning.

Therefore, supply chain management helps a company to remain competitive and successful in the market.

Find out more about supply chain here:

brainly.com/question/25160870

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5 0
2 years ago
What part of the business plan deals with details about promotion, pricing, and distribution, as well as on how the business wil
Genrish500 [490]

The business plan's strategy deals with information like promotion, price, and distribution, as well as how the company will contact customers in its target market.

<h3>How do a business reach their target market?</h3>

A marketing strategy is a company's "overall game plan" for reaching out to "prospective customers" or consumers and converting them into customers of their products or services.

A marketing plan includes the "value proposition" of the organization, key brand message, statistics on target customer "demographics, and other high-level elements."

Therefore, strategy is the correct answer.

Check out the link below to learn more about market strategy;

brainly.com/question/15776003

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8 0
2 years ago
In order to implement a cost-leadership strategy effectively, a ________ structure is preferred in a firm. functional and organi
Delvig [45]
In order to implement a cost-leadership strategy effectively, a <span>functional and mechanistic</span> structure is preferred in a firm. The cost leadership strategy in business was developed by Michael Porter regarding competitive advantage. The ultimate goal is to achieve the lowest cost of manufacturing and operating your product within the industry. 

8 0
3 years ago
Read 2 more answers
A firm creates value by?
djverab [1.8K]

Answer:

Paying more cash to its creditors and stockholders than the amount it received from them (1)

Explanation:

Stockholders are the primary owners of the company who have invested their money in the company's shares i.e equity holders and expect a reasonable returns higher than their investment.

Creditors are money lenders like banks i.e debt holders who have given loan or bank overdraft to the company and expecting the company to pay back at an agreed date with interest.

A firm creates value by being able to invest money sourced from various investors into a viable project that guaranteed greater returns than the weighted average cost of capital.

6 0
3 years ago
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