Answer:
the action or activity of gathering information about consumers' needs and preferences
-place
-target market
-feasibilty study
Explanation:
Place- allow you to gain attraction and attention from public
Target market-. Field of your business is it realible who would be your costumer and clients
Answer:
b) marketing mix
Explanation:
The marketing mix is a combination of 4Ps i.e. product, price, promotion and place. These are required to promote a company product and services in order to create an awareness among the people also the company provides a better deal so that every customer could attract towards their product. It can be promoted in television, print media, social sites
Therefore in the given situation, the correct option is b.
To calculate marginal cost, divide the change in production costs by the change in quantity. The purpose of analyzing marginal cost is to determine at what point an organization can achieve economies of scale to optimize production and overall operations.
<h3>What is
marginal cost?</h3>
The marginal cost in economics is the change in total cost that occurs when the quantity produced is increased, or the cost of producing additional quantity.
According to the law of declining marginal utility, as consumption increases, the marginal utility obtained from each extra unit decreases.
Marginal cost is an important concept in economic theory because a corporation seeking to maximise profits will produce until marginal cost (MC) equals marginal revenue (MR) (MR). After then, the cost of creating an additional item will outweigh the money generated.
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The probability that both item is defective are 3.84%
The probability that the second is defective is 20%
<h3> What is the probability that both items are defective?</h3>
a) Remember that the question says they are drawn without replacement
hence
(20/100)*(19/99)
= 19/495
= 0.03838383
= 3.84%
b. What is the probability that the second item is defective?
(20/100)*(19/99) + (80/100)*(20/99)
= 0.03838383 + 0.1616
= 0.199999
= 0.2
= 20 percent
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The answer is 0.32, I hope the image accelerates your understanding