<span>If
a competitive firm can sell a ton of steel for $500 a ton and it has an average
variable cost of $400 a ton, and the marginal cost is $600 a ton, the firm
should reduce its output. The reason for the reduction of output is the
marginal cost it will have. The marginal cost exceeds the selling price of the
product which is a bad sign for the company.</span>
One-to-one marketing involves developing a unique mix of goods and services for each individual customer.
What is One-to-one marketing?
- Personalized marketing, also referred to as one-to-one marketing or individual marketing, may be a marketing strategy by which companies leverage digital technology and data analysis to deliver individualized messages and product offerings to current or prospective customers.
- Advancements in data collection methods, analytics, digital electronics, and digital economics, have enabled marketers to deploy simpler real-time and prolonged customer experience personalization tactics.
- Personalized marketing depends on many different types of technology for data collection, data classification, data analysis, data transfer, and data scalability.
- Technology enables marketing professionals to gather first-party data such as gender, age group, location, and income and connect them with third-party data like click-through rates of online banner ads and social media participation
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Both Monopoly and Oligopoly have large market shares. Unlike monopoly where only one business holds 100% of the market, oligopoly is composed of a few businesses that have market shares. Each movement or decision made by any companies in an oligopoly will greatly affect the market.
Monopoly = 100% market share, has a say on supply and price of goods or services offered.
Oligopoly = 2 or 3 companies share the market. Each have at least 33% of the market. Any change made by one business will affect the other remaining businesses.
Answer:
Image result for What does the rule of 72 tell us? What is the formula used? Amy heard Dave Ramsey say that she could expect an average of 12% returns when she invests in mutual funds. Amy has $10,000 to invest. How long will it take Amy’s investment to double?
Divide 72 by the interest rate on the investment you're looking at. The number you get is the number of years it will take until your investment doubles itself.
Explanation:
Answer: Option (A) and (B) are correct.
Explanation:
Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.
If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.
In our case, the opportunity cost of purchasing Aldens is the savings that is foregone and classic, snazzy look that comes with wearing wingtips.
