Niche marketing strategy is a marketing strategy in which the focus is on small but profitable market segments.
Niche marketing is defined as the strategy of channelizing all the marketing efforts towards one well-defined segment of the population. There is one important thing to understand that ‘niche’ does not exist, but it is created by a smart marketing technique and identifying what the customer wants.
This can be done if the company knows what the customer needs and then tries to deliver a better solution to a problem which was not presented by other firms. A niche market does not mean a small market, but it involves specific target audience with a specialized offering.
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<span>Sales during the last four periods are in the order from older to recent as 100, 200, 130, and 300.
Moving average is a successive average calculated from the successive segments.
So the third month moving average MA3 = (200 + 130 + 300) / 3 = 630 / 3 = 210
So the answer is 210.</span>
Majority of organizations choose to accomplish aggregate planning on the basis of simulation and experience methods.
<h3>What is an
aggregate planning?</h3>
This refers to the process of developing and maintaining a schedule of the overall operations of an organization.
Most organization uses an aggregate planning to achieve their financial goals and improve the bottom line.
Therefore, the Option C is correct.
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Answer:
<em>An inferior good</em>
<em></em>
Explanation:
<em>An inferior good is a good whose demand decreases with consumer's increase in income</em>. John's increase in pay, that came with his promotion, triggered John to switch to driving everywhere he goes instead of riding the bus. This is because John feels that riding the bus is no longer fit for him, now that he could readily afford driving around in the stead of taking the cheaper bus ride.
Answer:
$784,700
Explanation:
Data provided
Revenue from sales = $762,000
Decrease in accounts receivables = $22,700
The computation of cash received from customers is shown below:-
Cash receipts from customers = Revenue from sales + Decrease in accounts receivables
= $762,000 + $22,700
= $784,700
Therefore for computing the cash received from customers we simply applied the above formula.
