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3 years ago

What is a great example of using cluster analysis in business to create target-marketing strategies?

Business

1 answer:

Marysya12 [62]3 years ago

5 0

Answer:

The correct answer is letter "C": zip code segmentation.

Explanation:

Target-marketing strategies are achieved by segmenting the company's overall market. Segmentation allows firms to classify their clients typically by age, gender, and income but some other features such as location can be also implemented. Once the target population is spotted, organizations can choose a plan prompt advertising most likely to impact their behavior.

Thus, entities can use zip segmentation to identify customers in a specific region and study their consumption patterns to try to identify profitable opportunities.

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What is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in

ZanzabumX [31]

The economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing there just smart part is called specialization. Specialization is achieved when the assigned personnel is master of his art and the resources are focused on the particular field. This leads to an efficiency called allocative efficiency.

8 0

3 years ago

In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. They

Alinara [238K]

Answer:

the answer is They are seeking Economic Value.

Explanation:

In a marketing context, customers seek a fair return in goods and/or services for their hard-earned money and scarce time. They are seeking value, which reflects the relationship of benefits to costs, or what you get for what you give.

Value is variable, lets zero in on Economic Value since the subject is effective demand from a customer.

Economic Value is the worth or benefit derived from a product or service paid for. It could be comfort, pleasure, satisfaction, relief from pain, etc.

It is directly proportional to the amount paid for. Therefore, greater value attracts higher cost and vice versa.

6 0

3 years ago

A senator wants to raise tax revenue and make workers better off. A staff memberproposes raising the payroll tax paid by firms a

algol [13]

Answer:

This proposal will not work.

Explanation:

All taxes work the same way, it doesn't matter if they are payroll taxes or taxes on goods or services. In this case, labor is the service provided by the employees (suppliers) and the employer is the consumer. A tax increase will reduce the demand for labor, and therefore the equilibrium price of labor (wage) will also decrease. If wages decreases, then workers are not going to be better off, on the contrary they will be worse off. This tax increase will lower both the wage and the employment level.

8 0

3 years ago

Read 2 more answers

An aging of Bicycle Company's accounts receivable indicates that $20,000 is estimated to be uncollectible. If Allowance for Doub

V125BC [204]

Answer:

The adjustment to record bad debts for the period will be:

Debit Bad debt expense ($20,000 - $3,000) $17,000

Credit Allowance for doubtful accounts $17,000

(Bad debt expense required)

Explanation:

Bicylce Company adopts the aging of accounts receivable method. The aging of accounts receivable is a criterion for apportioning the balance in the accounts receivable into different buckets (aging), for example: Not due, 1 - 30 days, 30 - 60 days, over 60 days, based on historical information and assigning a credit loss percentage to each bucket.

Since the Allowance for Doubtful Accounts has a $3,000 credit, to calculate the required bad debt expense, we need to back out this amount from the amount that is deemed uncollectible, that is $20,000 - $3,000 = $17,000.

4 0

3 years ago

The manager of a 150-unit apartment complex knows from experience that all units will be occupied if the rent is $1000 per month

Roman55 [17]

The rent that the manager should charge to maximize revenue will be $2,000.

In business, a rent is known as the cost incurred by a business to utilize a property or location for an office, retail space, factory, or storage space.

Initially, to find revenue by coming up we can calculate with an equation below:

Revenue = Price × Revenue

Where, price = 1000 + 20x

Quantity = 150 - x

R(x) = (1000+20x) (150-x)

R(x) = 150000 - 1000x + 3000x - 20x²

R(x) = - 20x² + 2000x + 150000

To maximize the revenue, we calculate the derivative and set it to zero:

R(x) = - 20x² + 2000x + 150000

R(x) = -40x + 2000

-40x + 2000 = 0

40x = 2000

x = 50

After we find the amount of X, thus we determine the rent that the manager should charge to maximize revenue

Price=$1000+20x

Price=$1000+20(50)

Price=$1,000 + 1,000

Price = $2,000

Learn more about the rent at brainly.com/question/2254034

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5 0

1 year ago