Answer:
b. Dominates a particular target market although its overall market share may be low.
Explanation:
- A niche strategy of the porter was to come with the product that fills the market segment and is characterized by the narrow specialization of the services focusing on a specific need.
Answer:
shillings . 4,200
Explanation:
The hire purchase price Shs. 16,800
The deposit is 25% of 16,800
= 25/100 x 16,800
=0.25 x 16,800
=Shs. 4,200
Companies usually use strategies such as testimonies, and others such as overgeneralization (over-simplification) where they say a very broad claim that may not be completely true. Or, it may specifically leave out certain details in order to convince you.
Answer:
Change in CPI = 0.092%
Explanation:
As we know that ,
CPI - Consumer price index
As given,
CPI is fell down by 0.1%
the weight on energy prices in the CPI is 8%
If energy is not changed means energy is constant , then
Change in CPI = 0.1% - (0.1%)(8%)
= 0.001 - (0.001)(0.08)
= 0.001 - (0.00008)
= 0.00092
= 0.092%
⇒Change in CPI = 0.092%
Answer:
consumption utility
Explanation:
Consumption utility is a measurement of how much you like a product or service, ignoring the effects of price and its inconvenience. Consumption means using up of utilities. For example – when we take a glass of water to quench our thirst, we are said to consume water. Whenever we make use of any commodity or service for the satisfaction of our wants, the act is called consumption. Therefore, by consumption we mean the satisfaction of our wants by the use of commodities and services. Economic analysis of household behavior is based on the assumption that people seek the highest level of utility or satisfaction. Individuals are the only judge of their own utility. In general, greater consumption of a good brings higher total utility. However, the additional utility received from each unit of greater consumption tends to decline in a pattern of diminishing marginal utility. The utility-maximizing choice on a consumption budget constraint can be found in several ways .
