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Diano4ka-milaya [45]
3 years ago
12

How is the market price for a product determined?

Business
1 answer:
Setler [38]3 years ago
8 0
The market price of an asset is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the markets price.
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Although not recommended, some marketers decide to ignore market segmentation and target the whole market with one offer. this i
vodka [1.7K]

The description above is trying to define the undifferentiated marketing strategy as this strategy focuses more on things that will appear to the people, what will make people more attracted and feel more appealed on what they are selling or trying to promote in which they try to ignore the market segmentation. The undifferentiated marketing strategy focuses more on the whole market with just one offer and they tend to use more marketing strategies that will be of beneficial to them in terms of attracting the consumers for this is their main goal and what they focus more when this marketing strategy is being used in the business or marketing field.

7 0
3 years ago
The following statement(s) regarding Utility Functions is/are true: Utility Functions are usually a function of wages. Utility i
jonny [76]

Answer:

Utility increases at a decreasing rate.

Explanation:

Utility is the total satisfaction derived from consumptjon.

The utility function measures the total satisfaction derived from consumptjon.

Utility increases at a decreasing rate.

This can be illustrated with an example.

Imagine I am coming from a desert with no access to drinking water. I am very thirsty. The satisfaction I would derive from the first cup of water would be the highest. After my first cup, the utility I would derive from other cups would be diminishing.

7 0
3 years ago
Jennifer couldn't believe her bad luck. The business planning cycle at Allworld Insurance was almost over. The only thing her bo
VashaNatasha [74]

Answer:

Allworld Insurance

1. Mission Statement

2. Tactical

3. Strategic

4. Operational

Explanation:

(A) Tactical plans include specific actions to enable the achievement of company-wide strategies.

(B) Mission statement describes the goal of an entity.  For example, a mission statement can describe an entity as renowned for its efficiency and cost reduction for its customers.

(C) Operational plans cover daily and routine activities at the individual level of the organization.

(D) Strategic plans embrace the whole organization and establishes how organizational goals will be achieved.

6 0
3 years ago
Blue Spruce University sells 6,800 season basketball tickets at $45 each for its 10-game home schedule. Prepare a tabular summar
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Answer: Blue spruce university Basketball games

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4 0
3 years ago
"The average monthly rent for a two-bedroom apartment in City A is $820 with a standard deviation of $86. The average monthly re
kicyunya [14]

Answer:

Explanation:

 We shall apply the concept of coefficient of variation to know the consistency of data

coefficient of variation

= standard deviation / mean or average

In case of City A

coefficient of variation  = 86 / 820

= .1048

In case of City B

coefficient of variation  = 75 / 790

= .0949

Since it is less for city B , rent for this city is more consistence or with less of variation

So the conclusion  is false.

6 0
3 years ago
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