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mario62 [17]
2 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]2 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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Juanita worked hard all year so that she could go to nursing school the following year.    She put her savings into a mutual fun
Shkiper50 [21]

Answer:

Real Interest Rate = -2.7%

Explanation:

The formula to calculate the Real Interest rate is:

r=(\frac{1+i}{1+p})-1

Here,

r = Real Interest Rate

i = Nominal Interest Rate = 3% = 0.03

p = Rate of Inflation

We have the value of Nominal Interest Rate. Before using the formula we need to calculate the Rate of Inflation. We have the values of CPI at the beginning and end of the year. From these we can calculate the Inflation Rate. The formula to calculate the inflation rate is:

p=\frac{CPI_{new}-CPI_{old}}{CPI_{old}} \times 100\%

Using the values in this formula, we get:

p=\frac{180-170}{170} \times 100\%\\\\ p=5.88\%

Now we have all the values that we need to use. The values in the formula will be used in decimals, not in percentages. Substituting the values, we get:

r=(\frac{1+0.03}{1+0.588} )-1\\\\ r=-0.027\\\\ r=-2.7\%

Thus, the Real Interest Rate that Juanita earned is -2.7%. This shows that rate of Inflation is more than the Nominal Interest and the value of her savings actually decreased compared to the beginning of the year.

5 0
3 years ago
If a bank pays 62 cents in non-interest expense per dollar of income, its _______ is equal to 0.62
Harrizon [31]
Answer: Efficiency ratio
6 0
3 years ago
Jenny was feeling frustrated. "What's taking them so long to make a decision? It's been weeks since I first met with them, and t
kodGreya [7K]

Answer: A. New buy

Explanation:

The situation described is most likely a NEW BUY situation because it bares some characteristics of same. In a new buy, customers generally take their time to make a decision and put the seller through a lot of paperwork in the case of corporate entities in a bid to assess the risk or cost of the new product. It is also necessary to do so as they have no previous experience with the seller and so trust cannot play a center stage.

Jenny also implied that it was the first time she had met them and it was also the first time they had been introduced to the product so there is that.

If you have any need for clarification do react or comment.

6 0
3 years ago
Read 2 more answers
The use of sharp, temporary price cuts as a form of _________________ would enable traditional US automakers to discourage new c
svlad2 [7]

Answer:

The correct answer is predatory pricing.

Explanation:

When we speak of the legal right "defense of free competition", what we are referring to, in very simple words, is a field of law that seeks to safeguard that competition in the markets occurs "in good and sound fashion", this it is, without cheating, fraud or other "abusive" devices that are apt to achieve, maintain or increase the market power of those who execute them, thereby damaging the collective well-being of the economic agents participating in those markets (and not only the of the individuals directly involved in a certain transaction).

3 0
3 years ago
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Trends established by your competition can provide you with an advantage <br> A. True<br> B. False
Alexus [3.1K]

False, cuz cuz cuz cuz cuz


6 0
3 years ago
Read 2 more answers
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