1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AnnyKZ [126]
3 years ago
6

16.

Business
1 answer:
Oxana [17]3 years ago
3 0

<u>Answer: </u>Information search

<u>Explanation:</u>

There are five stages in consumer decision making process they are need recognition, information search, evaluation of alternatives, purchase and post purchase behavior. In the second stage the consumer looks for internal and external information through search.

Through information search the consumer gets a clarity on the options that is available and how the products will satisfy their needs. Internal search is consumer's memory which is triggered on seeing the product. External sources are collected from public resources such as people, internet, books etc.

You might be interested in
Bank customers should reconcile their records frequently with ________ to prevent their checks from ________.
maxonik [38]
Bank customers should reconcile their records frequently with bank statements to prevent their checks from bouncing. They should frequently check the record of their balance in the account and the transactions being made to make sure that th checks they issue will still be valid.
3 0
3 years ago
Explain the importants of marketing segmentation
Nina [5.8K]

A market segment is a subgroup of people or organizations that have one or more characteristics in common that cause them to have the same product needs. Everyone needs water to drink, but does everyone need bottled water? For companies to successfully reach their precise customer, they need to divide a market into similar and identifiable segments through market segmentation.

The main reason companies divide markets into identifiable groups is so that the marketing team can create a custom marketing mix for the specific group. For example, Farmer Joseph realized early on that not everyone would purchase his expensive organic produce. He did not want to exhaust his financial budget by advertising to the masses. Instead, he identified his target market and created a specific marketing plan to communicate effectively with his prime customers.

His target market consisted of females age 18-65, with an income of $50,000+, who have healthy eating habits and who are concerned about pesticides. His plan consisted of ad placement in local women's magazines, newspapers and also email blasts to a list that he formulated with age and income specifics. Lastly, he advertised with a local gym about his healthy produce. Marketers have numerous choices in how they can segment a market.

If the farmer had planned on targeting everyone, then the type of segmentation would have been called no market segmentation. The opposite type of segmentation would be if he decided to target based on every individual factor available. This would be called a fully segmented market. Other choices include segmenting just by gender, income, lifestyle, ethnicity, family life cycle, age group, or even a combination-type.

Companies will not survive if the marketing strategy is dependent upon targeting an entire mass market. The importance of market segmentation is that it allows a business to precisely reach a consumer with specific needs and wants. In the long run, this benefits the company because they are able to use their corporate resources more effectively and make better strategic marketing decisions.

7 0
3 years ago
The banking system in the united states is a dual banking system with both state and ___________ banks.
Viktor [21]
The answer is probably national
6 0
3 years ago
Read 2 more answers
Tentacle Television Antenna Company provided the following manufacturing costs for the month of June. Direct labor cost Direct m
Temka [501]

Answer:

C. $65,800

Explanation:

Fixed csot: those which do not change for a relevant range with the production output. They aer constant.

Factory insurance                  21,000        

Factory insurance                  13,000

Factory manager's salary     10,800

Janitor's salary                        5,000

Property taxes:                 <u>      16,000  </u>

    Total Fixed Cost:             65,800

The direct materials and direct labor are variable cost as they drop to zero if no unit is produced.

Same goes with packaging cost, if no unit is produced then, no packagin is needed.

6 0
3 years ago
Customers are likely to be less price sensitive when:A. it is easy to compare prices.B. someone else pays the bill.C. the total
My name is Ann [436]

Answer:

Letter E is correct. <em>Their share of the cost is hig</em>h.

Explanation:

Price sensitivity is characterized by consumer behavior in relation to the price of a product or service.

The degree of price sensitivity can be measured using the price elasticity of demand, which is the study of the percentage change in the amount of demand for a good or service divided by the percentage change in price.

Some variables may affect consumer behavior, price sensitivity may be higher when there are many substitute products and lower when the consumer values ​​a higher quality good and <u>when its profitability is higher compared to the total cost of the product. </u>

3 0
3 years ago
Other questions:
  • As flat screen tvs enter the maturity stage, what could happen to profits for individual firms?
    7·1 answer
  • For the following activity, indicate which of the objectives of managerial accounting activity is involved. In some cases, sever
    7·1 answer
  • Consider the following information: State of Economy Probability of State of Economy Rate of Return if State Occurs Recession 0.
    10·1 answer
  • When a company pays a dividend, it isn't as simple as getting a paycheck from one's employer. There are several critical dates i
    9·1 answer
  • Stowell earns 20% interest compounded annually on his savings. He will deposit $1,500 today, $1,650 one year from today, and $1,
    6·1 answer
  • One of the problems unions are experiencing today is the reluctance of autoworkers in southeastern United States to join unions.
    14·1 answer
  • When a business must decide between completing a project that is over budget and past due versus starting over, they are evaluat
    15·1 answer
  • Tim and Sally are taking out a personal loan to pay for their wedding expenses. The loan is for $9,000 and comes with an interes
    13·1 answer
  • In some instances accounting principles require a departure from valuing inventories at cost alone. Determine the proper unit in
    14·1 answer
  • What is your primary source of investment funds?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!