Answer:
Blue jeans. Long life cycle
Explanation:
If we select blue jeans, we know that it is classic clothes that are well-known in the market. It exists from at least 100 years and still widely used across the world. This product shows a long life cycle, stable demand and small profits. In order to implement a marketing strategy that increases sales, we need to look for new markets to sell (new places); or propose a new design that can attract consumers by targeting new market segments (variance in the product); or define new price lower than competitors (price policy); or create a campaign enhancing the attributes of our jeans (promotion focus). Nevertheless, these strategies must be based on sustainable competitive advantages to be successful. Otherwise, they will only work through short time, because blue jeans is a very easy replicable product manufactured by many competitors.
I think a marketing campaign or a marketing program is your answer to the question.
Hope it helps
Sorry if it is wrong
Answer:
94% and 2934
Explanation:
The computation of the four-firm concentration ratio for this industry is
= (Total four firms market shares in an industry ) ÷ (Total firm market shares in an industry)
= (45% + 22% + 17% + 10%) ÷ (45% + 22% + 17% + 10% + 6%)
= 94% ÷ 100%
= 94%
Now the Herfindahl Index is the sum of square of all firm market share
= 45^2 + 22^2 + 17^2 + 10^2 + 6^2
= 2934
Answer:
C
Explanation:
The correct option is C :price to increase and the profits of firms in the market to decrease
This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.
The answer is D. an exchange of currencies happens when you "trade" one currency for another, which can also be thought of buying one currency in the form of another currency.
So for example, if you were going to exchange the US Dollar for Mexican Pesos, the exchange rate is 1 USD to 17 MXN. Therefore, to get 17 MXN, you need to pay 1 USD.
Does that make sense?