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Tamiku [17]
3 years ago
5

2. What are the advantages of utilizing a targeted marketing strategy?

Business
2 answers:
aleksklad [387]3 years ago
8 0

Answer:

Explanation:

Target marketing is a way of focusing your advert on specific people, location, age group, interest, in order to have a maximum yield.when utilizing target marketing strategy, there are a lot of advantages that are attached to it as discussed below;

  1. Precise advertisement ; when you have a target market you are aiming at you will not waste your energy in running numerous advertisements to the target area you only advertise what they need. e.g if a certain area in London demands for ladies bags so often and you make both female bags and male bags, your advert will definitely be on the bags that are demanded more often.
  2. It saves cost ; cost of running advert for so many goods and services will be reduced because you already know your target customers you only advertise what they needed with little money and more result.
  3. Loyalty; when you channel your strength in an area of target you become more reliable and trustworthy and you start to gain loyalty from your existing customers and referrals from them.
  4. Increased customer base your customer base will increase because your customer base has friends and family so they introduce you to them and from there your customer base increases.
ruslelena [56]3 years ago
5 0

Answer:

It capture the targeted audience

Explanation:

Targeted Marketing strategy is a marketing strategy that breaks the market into unit to capture the desired unit of the market. It makes it easier to reach the desired audience in an authentic and productive way. Each unit can be reached with the appropriate branding technique.

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You are considering investing in a start up project at a cost of $100,000. You expect the project to return $500,000 to you in s
NemiM [27]

Answer:

b.The IRR is equal to 25.85%

Explanation:

Firstly we are given that i consider investing $100000 which will in this problem be our Cinitial which is the initial investment for the project.

Then now given the risk of this project, my cost of capital is 20% so then we will compare this to the IRR and see if i can accept the project or not if the cost of capital is greater than the IRR than its not good to invest on the project but if the cost of capital is less than the IRR then the this will be a good investment as the cost of capital also checks the opportunity cost.

The future payment cash flows which is $500000 so we will use the following formula:

NPV = (cash flow)/(1+IRR)^n     - initial investment

so we find the present value of the cash flow of the investment and subract the initial investment which will give us a zero cause the present value of the cash flow is equal to the initial investment therefore( n is the period of cash flows):

0= $500000/(1+IRR)^7    - $100000 transpose the initial investment and solve for IRR.

$100000(1+IRR)^7= $500000 then divide both sides by $100000

(1+IRR)^7 =  5          then find the 7nth root of both sides to eliminate the exponent of 7

1+ IRR = \sqrt[7]{5}

1+IRR = 1.258498951 then subtract 1 both sides to solve for IRR

IRR = 0.258498... then multiply by 100 as IRR is a percentage

IRR= 25.85 % rounded off to two decimal places which is the answer b

8 0
3 years ago
The following people won the horse show guess:
MariettaO [177]
Thank you for the 5 points
6 0
3 years ago
Read 2 more answers
‘A person starts a business venture because he lost his job’. Which form of entrepreneur is he.
irakobra [83]

Answer:

sole trader

Explanation:

couse he is running as well as managing his business..i hope that's it..

3 0
3 years ago
Read 2 more answers
Competitive advantage refers to:
True [87]

Answer:

d. refers to how a firm does something unique to create added value.

Explanation:

The competitive advantage is the advantage that is gained by the company over its competitors. It can be gained through various things like - reasonable product, best quality, and quantity, great services through which the customers of competitors could be the shift to the company.

The motive of this is to create some value added to the company products by considering the innovative ideas to attract the customers and maximize customer satisfaction that results to accomplish the company goals and objectives.

7 0
3 years ago
The following selected account balances appeared on the financial statements of Washington Company:
torisob [31]

Answer:

The net Cash collections from customers were $85683.

Explanation:

The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.

Cash collections from customers by Washington company are:

Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31

=$16,099 + $76,821 - $7,237

=$92,920-$7,237

=$85683

The net Cash collections from customers were $85683.

5 0
3 years ago
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