Given:
Benefit from first policy = $20 million
Probability to get $20 million = 30%
Benefit from Second policy = $40 million
Probability to get $20 million = 70%
Find:
Expected value of the benefits:
Computation of expected value of the benefits:
Expected value of the benefits = Expected benefit from first policy + Expected benefit from Second policy
Expected value of the benefits = ($20 million × 30%) + ($40 million × 70%)
Expected value of the benefits = ($6 million) + ($28 million)
Expected value of the benefits = $34 million
Therefore, the expected value of the benefits from policies is $34 million.
Soft customer-defined standard.
Opinion based measures that cannot be observed and must be collected by talking to customers(perceptions, belief) is called Soft customer-defined standard.
<span>It helps the business identify strengths and weaknesses. It helps to capitalize on the weaknesses and turn them into strengths. It also allows for the business to do the same with its strengths. It helps the business address and focus on goals for the future. It helps the business identify and stop threats. Finally, it allows the business identify and capitalize on the opportunities available to them.</span>
Answer:
a. micromarketing
Explanation:
Micromarketing -
It is the strategy of marketing , where the advertising is done on the basis of the location and the taste of the people , is referred to as micromarketing .
In this method ,
The ares are bifurcated into small regions , and for each and every region different method of marketing is used , depending on the people and location .
This enables to market the goods and services in a better manner .
Hence , from the given scenario of the question ,
The correct option is a. micromarketing .
