Answer: Penguin Catering was using a Concentrated targeting strategy.
An organization that adopts a concentration strategy chooses to focus its marketing efforts on only one very defined and specific market segment. Accordingly, only one marketing mix is developed. For example, the manufacturer of Rolex watches has chosen to concentrate on the luxury segment of the watch market.
Answer:
Advantage in competition. ( competitive advantage)
Explanation: Whenever a hospital is more equipped or fully equipped with tools, machines, and any other factor that favors the saving of lives, that hospital will mostly have the upper hand in competition against it's rivals. It is safe to say a heart patient who is facing a life threatening situation would rather be taken to such a hospital for quick response to save their lives. A hospital less equipped with these kind of machines , especially those needed in critical moments like defibrillating someone who is experiencing cardiac arrest, will less likely be a first choice to treating patients of these nature. In critical moments like these a hospital better equipped will always be the first choice, disregarding other factors like cost. Now distance could be critical, but again, almost always if the distance is not too long then the better equipped gets the patients.
Answer:
L = 0
K = 535.36
Q = 99,577 units
Explanation:
Q = 118L + 186K
Budget line: C = L.PL + K.PK
5,889 = 16L + 11K
This is a linear production function, indicating labor and capital are perfect substitutes. Optimal bundle lies on one of the corner points on isoquant.
From budget line,
When L = 0, K = 5,889/11 = 535.36
Q = 118*0 + 186*535.36 = 0 + 99,576.
96 = 99,577 units
When K = 0, L = 5,889 / 16 = 368.06
Q = 118*368.06 + 11*0 = 45,555.08 + 0 = 45,555 units
So, output is maximized when L = 0 and K = 535.36, since Q = 99,577 units (optimal labor).
Hope this helps!
Let's go option by option.
Firstly, ambivalent. The dictionary defines ambivalent as "having mixed feelings or <span>contradictory ideas about something or someone</span>". This seems to match the public's view on organic foods pretty well, but let's check out the other options too,
Opposed -- well, the public isn't *opposed* to organic foods. If the public was opposed to organic foods, stores wouldn't sell organic fruit or other organic products.
Trendy? No. Organic food isn't trendy. It's just simply not a trend.
Our final option is unaware, and it's clear that the public isn't *unaware* of organic foods -- heck, you just asked a question about organic foods, and I know what it is! Most people understand the concept of organic foods and know what it is.
So our best option here is ambivalent, option A.
