Answer: Culture
Explanation:
The impact of the culture on the marketing strategy is that the cultural values are get influenced in the society and the various types of new products and the services are get introduced in this culture marketing.
According to the question, the given situation best illustrate the impact of the culture on the marketing strategy as people making various types of decisions according to the cultural influences of the products in an organization.
Therefore, Culture is the correct answer.
This scenario describes the company's <u>"Core competencies".</u>
A Core Competency is a profound capability that empowers an organization to convey interesting an incentive to clients. It exemplifies an association's aggregate adapting, especially of how to facilitate assorted generation aptitudes and incorporate different innovations. Such a Core Competency makes feasible upper hand for an organization and causes it branch into a wide assortment of related markets. Core Competencies likewise contribute generously to the advantages an organization's items offer clients.
Answer:
One thing to clear ab initio is that equilibrium quantity and price are achieved when the demand and supply curves intersect at a point. Therefore, at equilibrium, the demand and supply in quantity are equal.
a) If a technological improvement reduces the cost of product, the equilibrium price will reduce and equilibrium quantity will be equal to the quantity demanded and supplied.
b) If there is a reduction in the number of sellers, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
c) If there is a tax levied on the sellers of apps, the equilibrium price will increase and the equilibrium quantity will be equal to the quantity demanded and supplied.
Explanation:
a) The market is in equilibrium when the supply and demand curves intersect, meaning that the quantity demanded and quantity supplied are equal. The price and quantity at which this intersection occurs are called the equilibrium price and equilibrium quantity respectively. In economics, when quantity supplied equals quantity demanded, an equilibrium situation is achieved, and it is represented by this equation: Qs = Qd; where Qs is quantity supplied and Qd is quantity demanded.
b) Equilibrium price reduces when there is a cost reduction and more supplies are pushed to the market to meet demand.
c) When suppliers leave the market, it means that the market price and demand are no longer attractive and beyond their individual influence. This leads to a reduction in quantity supplied overall.
d) Sales tax increases the price of goods and services, and equilibrium will be achieved when there consumers demand the product with increased price and sellers are willing to produce and sell at such a price.
Aside from low cost strategy, there are more other methods
that will help business in differentiating their products.
<span>·
</span>Exploring new markets – This where the market
concentrates on their fellow contenders.
<span>·
</span>Partnership with other firms – It is a way of
teaming up with other organizations which will be of benefit for the products
that is being sold by the company.
<span>·
</span>Innovation – It is a way of asking higher price
compared to other companies when new features of the product is being added as
consumers will most likely want to buy something new and fresh.
<span>·
</span>Propose amplified provision – Different services
are being applied for the sake of consumers so that more consumers will be
attracted to the product.
Answer:
Future Value= $53,635.17
Explanation:
Giving the following information:
Since your birth, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9% interest annually.
First, we need to calculate the monthly interest rate:
Real interest rate= 0.09/12= 0.0075
Now, using the following formula, we can calculate the future value:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit= 100
n= 18*12= 216
i= 0.0075
FV= {100*[(1.0075^216)-1]}/0.0075
FV= $53,635.17
