Answer:
$28,065
Explanation:
The moving averages method uses the means of the previous months as the forecast for the next months.
The formula for the moving average is as below.
Moving Average = (n1 + n2 + n3 + ...) / n
In this case, the Moving average = $26,908 +$28,386 +$28,730, $27,290+ $29,009 / 5
= $140,323 /5
=$28,064.6
=$28,065
Answer:
B. amount by which consumption increases when disposable income increases by $1
Explanation:
As people has an archetypical choise betwene consume(use) or save (don't use) their income. Economics state there is a marginal prpensity in the agent to consume while other save but of these add to 1 as both options add to the entire income.
hus when income increase by $1 the marginal propensity to consume are the cent used while marginal propensity to save are the cent which are not used.
<u>Full question:</u>
Justin Franklin's company is interested in locating areas where the average income is high, the average age range is 25-35 years, and the lifestyles of the people involve extreme adventures and dangerous leisure activities. His company would most likely find possible markets through:
A)U.S.Census Bureau information.
B)geographic segmentation variables.
C)geodemographic segmentation.
D)climate information.
E)psychographic segmentation.
<u>Answer:</u>
His company would most likely find possible markets through: geodemographic segmentation
<u>Explanation:</u>
Geodemographics is the knowledge of the population and its features, classified according to areas on a geographical base. In the area of marketing, geodemographics can be of tremendous significance in market segmentation. Following the before-mentioned segmentation, the predominance and choice of each group can be circumscribed.
Among these, the great choice areas can then be recognized and finally targeted for retailing and sale. Geodemography is practiced in retailing to examine survey data of a distinct geographical area and profile the demographic components of the people living there.
I think the answer is C !!!!! I’m not 100% sure though
