Answer:
<em>Before setting your prices, it's wise to research industry standards- B.</em>
Answer: Females, Housewives bb
Explanation:
The soap can be used as dish wash bar for cutting heavy grease from utensils. Thus the soap company would target females, housewifes. This is because the soap can be used in washing of their utensils. the company could also target manufacturing plants, restaurants, warehouses, hospital and pharmaceutical industries and resort. In these sectors regular hand soap is because in this sectors hand soap are needed. The soap can be sold through retail stores so everyone can have access it easily.
Answer:
<u>Marketing mix</u>
Explanation:
Marketing mix refers to that blend of marketing factors and aspects so as to accomplish marketing goals, which is inducing customers to purchase the products coupled with customer satisfaction.
The four essential P's of marketing mix i.e essential marketing factors are, Product, price, place and promotion.
Product refers to a bundle of utilities, price being the consideration charged for the product, place refers to the markets where product is made available and promotion refers to modes of promotion such as sales promotion, advertising and publicity and other forms.
In the given case, the coffee maker serves a new target market (place), with changed product, packaging design and coffee itself (product), employing advertising price discounts and distributing new product samples at coffee shops (price and promotion).
Thus, in short , the manufacturer changed the marketing mix for his product i.e coffee.
Answer:
Present Value= $74,018.97
Explanation:
Giving the following information:
The machine will provide $15,000 annual savings for 12 years and can be sold for $48,000 at the end of the period.
Interest rate= 15%
<u>To determine the present value of the savings, first, we need to determine the future value at the rate provided.</u>
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual save
FV= {12,000*[(1.15^12)-1]}/ 0.15
FV= 348,020 + 48,000= $396,020
Now, we can calculate the present value:
PV= FV/(1+i)^n
PV= 396,020/1.15^12= $74,018.97
