Micromarketing is a marketing approach that permits an organization to goal a gap institution with a particular product or service. With micromarketing, an agency defines an audience by using a particular trait, including gender or task title, or age range, and then creates campaigns geared towards that precise group.
Micromarketing allows for saving charges because it narrows down the populace you target. Small micro-budgets are assigned for this form of advertising and marketing, and usually, it reduces the advertising charges for an organization. Micromarketing provides consumer-generated growth.
The marketing micro-environment contains different factors that a marketer has little influence over (to various stages). These surroundings consist of the business itself as properly understanding the encompassing components which are important to building a sturdy approach and gaining competitive gain.
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Answer:
ture
Explanation:
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The newest version of a product like Crutchfield headphones is likely to use price skimming, while the new version of Monster Energy is likely to use penetration pricing
<h3>What is
price skimming?</h3>
Price skimming is a pricing strategy that a company can use when launching a new product or service.
Electronic products, such as the Apple iPhone, frequently use a price-cutting strategy during the initial launch period. Then, after competitors launch competing products, such as the Samsung Galaxy, the price of the product drops to maintain the product's competitive advantage.
The pricing strategy will be influenced by the stage of the product's life cycle. The process of charging a relatively high price for a product is referred to as price skimming. Skimming is commonly used when a product is new to the market (in its introduction or growth phase) and has few competitors.
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The correct answer for the question that is being presented above is this one: "F. i and iii" Then the firm is maximizing total profit by producing and selling 40 units of output and <span>earns a per-period total profit of $240 </span>
Here are the choices:
A. i
B. ii
C. iii
D. iv
E. i and ii
F. i and iii
