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CaHeK987 [17]
4 years ago
10

Market segmenting is __________.

Business
1 answer:
Mrrafil [7]4 years ago
3 0
Separating people into groups based on their characteristics, problems, needs, and desires
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To use _______ most effectively, a seller must have the flexibility to change prices often, rapidly, and aggressively in respons
Anuta_ua [19.1K]

Answer:

1. Marketing strategies

2. Marketing Strategies

Explanation:

Marketing strategies are simply a set of procedures or actions a company and/or a seller intends to undertake to sell a product or service to the end user, with a view to earning a profit. Marketing strategies understand that there are many goods chasing fewer buyers. Hence, the competition is often stiff. In a bid to gain a competitive advantage and an edge, a good marketing strategies is very critical to a business concern.

There are basically 4 elements of marketing:

- Price

- Promotion

- Product, and

- Place

Price is simply the amount the end user intends to pay for a product. It is an acknowledged fact through the study of consumer behavior that consumer will buy more of a go when the price is low, compared to when high. This is bearing that they both have same quality content. Thus, pricing is a critical element of marketing as its proper application is incidental to a firm gaining its competitive advantage. Hence, a seller must have the propensity to change price often, rapidly and aggressively in response to competitors' price changes.

Additionally, Proper pricing should not be viewed in isolation. Other elements of marketing are also critical to understanding appropriate marketing strategies. Making products stand out through requisite promotion strategies - advertisements, publicity, fairs and all, make pricing more competitive.

Also, a product with good and high quality easily wins the heart of a consumer than otherwise. Thus, to be competitive, a seller must come up with a product of good quality and rating. And when a consumer sees that there's value for money, he's inclined to paying more.

Strategically placing your product where it'll easily contact the prospective buyer goes a long way in being competitive and taking the advantage of the pricing decision.

7 0
4 years ago
Read 2 more answers
Which of the following can have both harmful short-term effects and harmful long-term effects? A. Over-the-counter drugs B. Pres
den301095 [7]
D. All of the above

You don't know what types of drugs you're getting over-the-counter. Even prescription drugs can have long-term and short-term affects that can be harmful in certain places. And there is no doubt about the illegal drugs because harmful both short term and long term -- why do you think they're 'illegal' in the first place.
3 0
3 years ago
Suppose the cost of operating a 100 room hotel for a night is $10,000 and there are 5 empty rooms for tonight. If the marginal c
Andrew [12]

Please see options missing from the original question :

A. rent the room because the marginal benefit exceeds the marginal cost.

B. rent the room because the marginal benefit exceeds the average cost.

C. not rent the room because the marginal benefit is less than the marginal cost.

D. not rent the room because the marginal benefit is less than the average cost.

Answer:

A. rent the room because the marginal benefit exceeds the marginal cost.

Explanation:

Although , the original operating cost of a room per night is $100 (($10,000/100), but since there are idle capacity (empty rooms), the company will be better off by an incremental profit of $30 ($60 -$30) per room by offering to sell empty rooms for $60 per room, using a marginal (incremental ) approach.

3 0
4 years ago
Gordon Chemicals Company acquires a delivery truck at a cost of $35,400 on January 1, 2017. The truck is expected to have a salv
lara31 [8.8K]

Answer: $7,875 per year for each of the first two years.

Explanation: The method to calculate the amount of depreciation using the straight line method is to subtract the salvage price from the purchase price and then divide it by the numbers of years in its useful life.

($35,400 - 3,900)/4 = $31.500 / 4 = $7,875 per year

$7,875 is the amount of depreciation for each year of the four years of the truck’s useful life.

7 0
3 years ago
If you place a part of your summer earnings in a savings account, you are using money primarily as a
Flauer [41]

You are using money primarily as a : Store of value

Money as a store of value is something that maintains its worth both in the present and in the future, with money being one such commodity in modern.

When money is a store of value, it means that it is capable of being held such that it can increase our wealth and net worth. This is why it can be saved and used as a means of capital.

Other characteristics of money includes :

  • Medium of exchange
  • Unit of account
  • Standard of value

Hence, you are using money primarily as a store of value if you place a part of your summer earnings in a savings account.

Learn more about functions of money here : brainly.com/question/25959268

6 0
2 years ago
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