<span>this phenomenon is an example of a Social factor
in marketing term, social factor is everything that could change people's lifestyle.
As people move toward luxurious lifestyle, they tend to care less about the high price for the product, and care more about the quality, authenticity, and the rarity of the product, so the marketing strategy need to be altered to target these characteristics</span>
The main thing which superior performance allows a firm to do is:
- reinvest some of its profits in gaining more resources and thus grow.
<h3>What is Business Strategy?</h3>
This refers to the creation and maintenance of competitive advantage of a particular market against other competitors which gives a particular business an edge in the market.
With this n mind, we are told that successful business strategies generate value and then if they are able to leverage on this, then they can reinvest the profits.
Read more about business strategies here:
brainly.com/question/25686320
Answer:
Price=150
Explanation:
Total revenue (TR) is given by . We can get the quantity from the demand equation. Then
where p is the price. To find the maximum revenue we take derivatives with respect to the price and equalize it to zero
solving for p we have that p=150
Answer:
C. Your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided.
Explanation: