Answer:
Spend $25000 on cyber insurance to transfer the risk
Explanation:
A cyber insurance is the best option since it protects the business from internet based risk such as the breach of customer database and other risks involved in the use of the internet by businesses and individual internet users.
The cost of purchasing a Data Loss Prevention solution that would cost $30000 per year will amount to $150000 in 5 years which will be more expensive compared to the cost of the risk it is been used to prevent. hence it is not a good option. also accepting the risk is a very bad option becasue the risk might harm the business beyond expectation.
Answer:
Cross Price Elasticity (Splishy Splashy & Raskels) = -0.8
Cross Price Elasticity (Splishy Splashy & mookies) = 1.2
Mookies are recommended to me marketed with Splishy Splashies.
Explanation:
Substitutes are goods that are inter changeable for a want. Complements are goods that are jointly demanded for a want.
Substitutes price & demand are inversely related, cross price elasticity is negative. Complements price & demand are positively related, cross price elasticity is positive.
Cross Price Elasticity Formula = <u>percentage change in demand </u>= <u>% ∆ D</u>
percentage change in price. % ∆ P
Cross Price Elasticity (Splishy Splashy & Raskels) = <u>% ∆ D (raskels</u>
% ∆ P (splishy splash)
= 4/-5 = -0.8
Cross Price Elasticity (Splishy Splashy & mookies) = <u>% ∆ D (mookies)</u>
% ∆ P (splishy splash)
= -6/-5 = 1.2
Cross price Elasticity (Splishy Splashy & Raskels) is negative, so they are substitute goods. Cross Price Elasticity (Splishy Splashy & mookies) is positive, so they are complementary goods.
Splishy Splash & Mookies are complementary goods. So, Mookies are recommended to me marketed with Splishy Splashies.
Answer:
<u><em>Problems </em></u>
Fraud, untrusty, Copyrights.
<u><em>Profit from Social Media
</em></u>
With advertising, and selling data bases.
<u><em>Privacy
</em></u>
It is really hard but it is possible to maintain a great deal of information private if the user goes to the privacy policy in each social media and configurates it in a way that the data is not shared with the company.
<u><em></em></u>
<u>Answer:</u>
<em>Be sure your company is taking good care of their customers (People/Purchasers), and having the right Planning.</em>
<u>Explanation:</u>
The Nine P’s/9 P’s of Marketing can be used successfully by product companies, service firms, for profits entities and nonprofits selling directly or indirectly to consumers (B2C), to marketing intermediaries (such as industrial, consumer, retail, wholesale and professional channels of distribution), and to other businesses (B2B).
Marketing is about action and making thing happen. It’s about looking and establishing objectives, strategies and tactics. It’s not about hope or the feeling of expectation and the desire for a certain thing to happen, as in hoping to increase sales versus a major competitor.