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Nookie1986 [14]
3 years ago
6

In the introduction stage of the product life cycle, marketing efforts are primarily focused on:

Business
1 answer:
fiasKO [112]3 years ago
6 0

<u>Answer:</u> building customer awareness of the product.

<u>Explanation:</u>

Introduction is the first stage in the product life cycle where the company focuses on creating customer awareness of the product. In this stage only a few customers will know about the product. Through better marketing campaign companies try to increase the customer awareness.

Only after creating brand awareness and publicity for the product the company can concentrate on other aspects such as pricing, distribution, additional features etc. The main aim of the companies is to gain the market share.

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When using horizontal differentiation, a firm divides itself into subunits based on function, type of business, or.
Vitek1552 [10]

When using horizontal differentiation, a firm divides itself into sub units based on function, type of business, or Geographic area

Horizontal Differentiation :

Horizontal differentiation refers to distinctions in products that cannot be easily evaluated in terms of quality. This stands in contrast to vertical differentiation, where the distinctions between products are objectively measurable and are based in the products' respective level of quality. Horizontally differentiated products vary only marginally, as it's more efficient for producers to try to capture as many new consumers as possible with minimal additional costs. While horizontally differentiated products tend to command similar prices at equilibrium, the lack of relationship to quality does not necessarily imply that they cost the same -- two products may be virtually identical in all considerations except for color or flavor and still be offered at totally different prices.

What is meant by geographical area?

Geographical Area means an area covering all or part of the territory of a Member State or extending to all or part of the territory of other Member States.

An area of land that can be considered as a unit for the purposes of some geographical classification.

Learn more about Horizontal differentiation :

brainly.com/question/24246700

#SPJ4

5 0
1 year ago
Which of the following is a service business?
creativ13 [48]

Answer:

travel agency

Explanation:

as service businesses include <u>companies engaged in transport</u>, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.

4 0
3 years ago
Read 2 more answers
What is the maximum amount that OSHA can impose as a penalty on an employer for each Willful violation?
lesya [120]
<span>As of 2016, the biggest penalty OSHA can hand out for each willful violation is $126,000. The largest amount previous to that was $70,000. The maximum amount OSHA can collect for repeated violations is also capped at $126,000 as of 2016. OSHA stands for Occupational Safety and Health Administration, and operates as an official agency of the US Department of Labor.</span>
8 0
2 years ago
A company's board of directors votes to declare a cash dividend of $1.65 per share of common stock. The company has 33,000 share
umka21 [38]

Answer:

E) $45,375

Explanation:

This is because Authorized shares are the total shares that the company can issue.

There is a difference between issued and outstanding shares of 500 shares, this may be because these shares are currently held by the company itself and thus dividends are payable only on outstanding shares

This gives us 27,500 * 1.65 = $43,375

4 0
3 years ago
To have an effective marketing exchange process, you must make sure it involves a customer, a provider, a product, and a:
Travka [436]

Answer:

Transaction

Explanation:

Marketing exchange process refers to a process wherein two or more individuals buy or sell a good. Exchange refers to the consideration which is paid in return for the product i.e money.

For any exchange to take place it is essential that the good is transacted.

Customer would be the one who requires the product or the ones who create a want.

A Provider is the one who satisfies a want or say the one who makes the product available.

Product is the bundle of utilities or attributes which satisfies a want.

Transaction is effected when the buyer gets the product and the seller gets paid for the product.

7 0
3 years ago
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