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mojhsa [17]
4 years ago
10

Nibbles Pet Food Corporation is in the process of developing its new market strategy. The marketing team has already established

the company's niche - product premium, organic dog and cat food - and contracted to sell it in several high-end pet stores. The team has also determined the optimum price to create value for customers and still make a profit. What does the marketing team need to do now?
Business
1 answer:
Anon25 [30]4 years ago
8 0

Answer:

A) Create a promotion strategy to increase customer awareness.

Explanation:

The company has already addressed 3 of the 4 marketing Ps, product, placement and price, so it is missing promotion.

Promotional strategies refers to how the company is going to make customers aware of their product and differentiate their product from the competition. Promotion ties up the other 3 Ps together into a promotional strategy, that may include: advertising, social media, email, public relations, etc.

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A company's ______ can be described as the set of values, ideas, and attributes that is learned and shared among its members
igomit [66]
Culture

I hope this helps (:
3 0
2 years ago
XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual dr
PilotLPTM [1.2K]

Answer: segmentation

Explanation:

Market segmentation is when a business market that is made up of different customers is being divided, into smaller groups or segments based on some characteristics.

From the question, we are informed that XARA is a newly emerging wine company. After extensive market research, XARA divides its market into wine enthusiasts, casual drinkers and restaurants. Each category has its own needs, traits and marketing goals. In this scenario, XARA is using market segmentation.

4 0
3 years ago
a. If the interest rate on Treasury bills is 5% and the expected return on the market portfolio is 15%, what is the expected ret
mixer [17]

Answer: 2%

Explanation:

The Capital Asset Pricing Model (CAPM) can be used to calculate expected value as thus;

= Risk free rate + beta (Market return - risk free rate)

= 5% + (-0.3) (15% - 5%)

= 5% - 3%

= 2%

7 0
3 years ago
Mr. and Mrs. Smith were interested in purchasing a vacant lot. However, they first wanted the property surveyed. When the survey
Ber [7]

Answer:

Benchmark.

Explanation:

In this scenario, Mr. and Mrs. Smith were interested in purchasing a vacant lot. However, they first wanted the property surveyed. When the surveyor came out to measure the property he began measuring from the iron spike embedded in the middle of the street. In this case, the iron spike would be known as benchmark.

In real estate, benchmark can be defined as an indicator which is used by individuals or group of developers to measure and define properties such as a land. Iron spikes and wood stakes could be used as a benchmark for indicating ownership or measurement of a property.

8 0
3 years ago
How do scarce resources influence you personally? What impact does this have on your financial management?
tankabanditka [31]
Scarce resources encourage me to spend time thinking about how I use the limited amount of money and materials that have so that I may use them in a matter that best guarantees that I will get the most satisfaction out of it. Since resources also include time, they also define how much I time I spend doing which activities, and steer me to put in a certain degree of work. 

Since there is a limited supply of resources, the great wheel that facilitates the cycle that these such resources use, known as money, must also be limited. How I manage my finances (money and resources). Knowing this, I am encouraged to invest such resources into more efficient outlets to attain the most powerful results out of my few resources. 

3 0
4 years ago
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