Answer:
B) marketing mix.
Explanation:
This is a marketing mix that Mr Holman designed. This is the 4P's; Product, Price, Promotion, Place
From this paragraph, you pick the hint from this sections;
- "He went through the process of developing the SamBat, a maple bat of precise dimensions" -(PRODUCT); the good that fulfills the need in the market.
- "..He set a price with a reasonable margin" -(PRICE) ; basically, the value of your product
- "..he decided to take special orders and sell bats directly from his garage"-(PLACE); where your customers will get access to the product; the ideal location.
- "and he promoted the bat with sales calls to professional baseball camps, where ball players could sample the bat. "- (PROMOTION) ; involves making the product known in the market and it involves advertising, public relations or online marketing.
Answer:
Explanation:
To run a business you firstly need investors or shareholders to help or run your business with you. They should have experience as running a business is tricky and can collapse within weeks. You also need large amounts of money to promote nad hire staff etc. You should also have an idea of what you want it to be like and what growth routes it should take. Make sure you have a target market to promote your ideas to. But make sure it is all realistic as silly ideas can be very costly.
Don't use "i" or refer to yourself in any way try not to state opinions but facts
Answer: Limited marketing
Explanation: Limited marketing strategy refers to the marketing strategy in which the organisation tries to target a specific set of customers from a target market rather than everyone.
These are opted by organisation that have unique features in the product they are offering or have specialization in a specific product among others.
In the given case, Shelly has expertise in making bakery products but her cupcakes gets special attention from the customers.
Thus, we can conclude that the decision of Shelly to open a cupcake shop is an example of limited marketing.
Answer: When a government purchase increases during a war, be it a local war or a world war. it means that it's savings has reduced, therefore the trade balance will fall. And if the purchase is done to import more goods into the country, the trade balance becomes negative, leading to a deficit.
The exchange rate of the currency will reduce because the country the government is making more currency to be available and surplus, by increasing it's purchase. When they is excess currency in the world market, the currency reduces it value. In a world war, or local war, the exchange rate may not actually reduce because, it will be difficult for the country to have enough money to make its currency to be available in the world market.
