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OleMash [197]
2 years ago
13

With respect to market segmentation, the 80-20 principle has been applied to segmenting markets based on

Business
1 answer:
never [62]2 years ago
8 0

Answer:

This principle is based on the idea of Vilfredo Pareto, an Italian economist that stated 80% of the results are concentrated in 20% of the activities executed. In Business, this idea is extrapolated as 80% of results come from 20% of the clients.

Explanation:

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Identify whether each of the following statements best illustrates the concept of consumer surplus, producer surplus, or neither
alina1380 [7]

Answer:

producer surplus

consumer surplus

neither

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

The highest amount i was willing to buy the watch is $71 but the price was $65. this illustrates a consumer surplus

Producer surplus is the difference between the price of a good and the least price the seller is willing to sell the product

Producer surplus = price – least price the seller is willing to accept

The least amount the textbook seller was willing to sell was $48 while the price the textbook was sold was $54. thus, a illustrates a producer surplus.

for statement c, a transaction did not take place, so, it is neither a producer or consumer surplus

5 0
3 years ago
Firms that listen to existing customers and tailor offerings based on this input are far more likely to identify potentially dis
Vladimir [108]

Answer:

The correct answer is False.

Explanation:

The keyword of the new technologies is connectivity. The satisfaction of the client will depend on the quality of said connectivity, and the efficiency and speed of the response. Accordingly, customer service is vital for subsistence and business growth, particularly with regard to digital businesses.

Digital transformation is a reality, therefore it is important to know how to apply technology to optimize customer service. Since good marketing strategies and proper customer service are key to increase sales and customer loyalty.

There are many tools that, properly implemented for customer service, will achieve excellent results for your business.

7 0
2 years ago
On January 1, 2020, Waterway Company sold 11% bonds having a maturity value of $700,000 for $783,845, which provides the bondhol
Hoochie [10]

Answer:

The journal entry to record the issuance of bond is shown as:

Dr  Bank                                       $783,845

Cr  Bonds payable                                          $700000

Cr  Bonds premium                                          $83845

    Being issuance of bonds for cash

Subsequently,coupon interest is calculated is on the par value of $700000 at 11% while effective interest of 8% is calculated on $783,845

Explanation:

Upon issuance of the bonds,the receipt of cash of $783,845 is debited to bank account as an increase in asset.

The obligation to redeem the bond on 1 January 2025 is credited to bonds payable at par value of $700000(an increase in liability)

However, cash received is more by $83,845 which is credited to bonds premium account.

6 0
3 years ago
On a balance sheet, assets must always equal liabilities plus equity. true false
aleksandrvk [35]
The correct answer is true.
4 0
2 years ago
You are deciding whether to buy a stock in Company X or Company Y. Both companies need $1,000 capital investment and will earn $
lyudmila [28]

You would buy stock from company y

4 0
2 years ago
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