Answer:
"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.
Explanation:
I got this answer from a different website because I'm not very good at explaining stuff like this but I took financial math and this is a good answer.
Market penetration achieves company growth by increasing sales of current products to current market segments without changing the product.
<h3>What is market penetration?</h3>
In economics, the term market penetration is used to denote the extent to which the people in the market would recognize and also have to buy a particular product. It is the successful selling of the product in the market by the produces to the consumers of the product.
Hence we can say that Market penetration achieves company growth by increasing sales of current products to current market segments without changing the product.
Read more on market penetration here: brainly.com/question/1172265
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Answer:
A positive statement seeks to describe or explain something based on empirical evidence, while a normative statement seeks to recommend something, or to express a subjective opinion.
a. The federal minimum wage is increasing to $6.50 an hour. - Positive statement. It is stating a fact, not telling us whether this rise in the minimum wage is good or bad.
b. The minimum wage should be high enough that families will not live in poverty. - This is a classical normative statement. It is giving an opinion, and recommending a policy.
Incomplete question. The options:
a. green marketing
b. effect-related marketing
c. cause-related marketing
d. relationship marketing
Answer:
<u>c. cause-related marketing</u>
Explanation:
Note, a marketing effort that is centered primarily on making an impact or a said cause; usually, it involves a mutually benefiting agreement, in which a corporation would collaborate with a non-profit such that
- the corporation benefits (maybe in terms of sales), and
- the non-profit benefits in terms of fulfilling a cause.
The idea is that consumers would be drawn if they see that when they pay for a particular service or product, they will be contributing to a good cause.