Answer:
small business
Explanation:
According to my research on the different types of companies, I can say that based on the information provided within the question Vernon's company can be categorized as a small business. A small business refers to any company that is independently owned and has only a small number of employees and resources in comparison with the industry that it is currently in. Since Vernon business is run from his house and he only has 55 employees, he would be classified as a small business.
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The answer is self-concept. This is an individual’s belief about himself or herself. In this case of Austin, his passion for music and his opinion of himself as music influences his purchasing choices of products and brands affects him because he buys things that he thinks he need because it is somewhat related to him and he thinks that buying this products can really enhance his character.
After an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.
<h3>How to determine the
segmentation of variables</h3>
Segmentation of variables is defined as the characteristics of people that are used to determine their similarity.
Some of the important steps needed for the target market are:
- Step 1: Identification of the appropriate targeting strategy.
- Step 2: Determination of the segmentation Variables to Use.
- Step 3: Development of market Segment Profiles.
- Step 4: Evaluation of the relevant Market Segments.
- Step 5: Selection of the specific Target Markets.
Based on the listed test, we can conclude that after an organization has determined which of the many segmentation variables it will use, the next step in the target market selection process is to develop the market Segment Profiles.
Learn more on market Segment Profiles here: brainly.com/question/2889076
What do you mean bro? I don't understand...like what kind of answer, your question is kind of interesting though.
Answer:
Cartel, oligopoly
Explanation:
In this kind of market with little producers and little differenciation among the products there are no incentives for other companies to enter because of the barriers, so it's extremely likely that if one of them reduces their prices this industry can't generate economic profits.