Answer: Opening a regular savings account.
Explanation: This is because she will save more.
The Rustic Market, alittle antique shop, periodically runs advertisements within the local newspaper to keep its name before the public. this is often known as reminder advertising.
<h2>What is advertising?</h2>
Advertising may be a type of marketing communication in which a product, service, or idea is promoted or sold using an openly sponsored, non-personal message. Advertisement sponsors are typically businesses that want to market their products or services.
Brand advertising may be a type of advertising that helps consumers connect and build strong, long-term relationships over time. Businesses that use brand advertising hope to realize long-term positive recognition.
Advertising has three main goals: to tell , persuade, and remind. Informative advertising raises brand, product, service, and idea awareness. It publicizes new products and programs and may educate people about the features and benefits of new and existing products.
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STEP-4 that is Analyzing Competitors Costs , Price and Offers is the most appropriate stage.
Explanation:
As Kara Trace would initially set up its own :-
1. Pricing Objective
2.Understanding the Demand
3.Estimating the costs
In the next step would be to understand the competitors cost and profit margins. Also to understand the pricing strategy that can be
1. Premium Pricing
2. Penetrating Pricing
3. Skimming Pricing
4. Dynamic Pricing
5. Value Based Pricing
When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.
<h3>What is a perfectly competitive market?</h3>
In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.
There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.
Hence, it can be concluded that market prices are stable in a perfectly competitive market, and it generally increases in a monopolistic market.
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