Target marketing happens in a company first divides the market into segments and then decides which segment is most likely to buy their product. This strategy would then cause the company to concentrating on serving a particular segment of customers better.
Answer:
TripAdvisor
Explanation:
TripAdvisor is a global travel company founded by Stephen Kaufer in February 2000.
Features available include price comparison, online reservations for transportation, reservation for lodging, travel experiences, and restaurant information.
The original idea was for a social media website that encouraged swapping of ideas relating to travelling. There was a button - Add your own review, and this promoted the growth and use of TripAdvisor because honest opinions are shared.
People tend to express their views on highs and lows of their experiences during holiday travels. This helps travelers make informed decisions when they want to travel, and also travel and hospitality services providers get to know areas they can improve.
Answer:
$3 trillion and $2 trillion, respectively
Explanation:
Private savings in (Income - Taxes) -Consumption
National/Public Savings are (taxes - expenditures)
Answer:
$7,000
Explanation:
Calculation for the depreciation expense for the second year
Depreciation rate will be:
2/7 = 29%
$34,000 × 29% = $9,860
The depreciation in the first year will be $9,860
Thus,
($34,000 - $9,860) × 29%
$24,140×29%
= $7,000
Therefore the depreciation expense for the second year will be $7,000
Answer:
1. b. Competitive
2. a. It should provide superior value in terms of lower price, and/or convenience, and accessibility
Explanation:
The competitive pricing is marketing strategy in which a product price is set after careful consideration of competitor's price. The pricing of a product is determined based on competitor's product price. The Carmax product moisture plus should follow competitive pricing strategy as the market is not in the mature stage.
The Carmax should offer lower price and create high value to the consumers. Carmax can gain competitive advantage by economies of scale and some unique features.
