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3 years ago

What is the next step for a marketer once market segmentation has been done?

1 answer:

7 0

The next step would be applying the marketing strategy. The process of segmentation makes it easier for the marketer to create a market strategy. It allows him to create a variety of variables and experiment on their targeted segment. It allows him to experiment and innovate the price and products for the said segment.

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Define bank run in your own words.

lina2011 [118]

Answer:

A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.

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3 years ago

Alex is a member of a corporate sales team who frequently speaks in front of groups as part of sales presentations. He has now b

dybincka [34]

Answer: Alex tells a story about his brother that causes his friends and family in the audience to laugh.

Explanation:

The statement that describes a strategy that Alex could use to deliver a lighter speech will be for Alex to tell a story about his brother that causes his friends and family in the audience to laugh.

It's but proper for Alex to tell an embarrassing joke about his brother. Also, preparing a long statement to be delivered when it's time to toast can make the event boring.

Therefore, the correct option is A.

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3 years ago

Suppose that the market for athletic shoes is initially in equilibrium at point A. Further suppose the demand for athletic shoes

elixir [45]

Answer: Correct. When there is an increase in supply and an increase in demand, the new equilibrium quantity increases but whether the equilibrium price increases or decreases is unknown.

Explanation:

When the demand for the shoes increased, it had the effect of shifting the demand curve to the right. At the same time, with six more firms coming into the market, the supply increased as well which had the effect of shifting the supply curve right as well.

The new equilibrium as a result of these movements will see the quantity increase. However, due to the shift of both the supply and the demand curve in the same direction, it is uncertain if the price will change or not.

The general rule is that if the rise in supply is more than rise in demand then the price will decrease. If they rise by the same amount then price will remain the same. It shows therefore that if both supply and demand rise at the same time, the effect on equilibrium price is unknown.

3 0

3 years ago

"The Marlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units,

Law Incorporation [45]

Answer:

The Marlene Doll Co.

Weighted-AVerage Method

Cost of production:

COSTS: W-1-P Nov. 1: $9,600 $4,800

Costs added in November: 15,600 14,400

Total costs for the month $25,500 $19,200

Equivalent units of production:

Units Materials Conversion

Transferred to Dept B: 12,000 12,000 12,000

W-1-P Nov. 30: 6,000 6,000 3,000

Equivalent units 18,000 15,000

Cost per equivalent units:

Materials Conversion

Total costs for the month $25,500 $19,200

Equivalent units 18,000 15,000

Cost per equivalent unit $1.42 $1.28

Costs assigned to:

Units Transferred to Dept B: $17,040 $15,360 $32,400

(12,000 *$1.42) (12,000 * $1.28)

W-1-P Nov. 30: 8,520 3,840 12,360

(6,000 *$1.42) (3,000 * $1.28)

Total costs assigned $25,560 $19,200 $44,760

FIFO Method

Equivalent units of production:

Units Materials Conversion

W-1-P Nov. 1: 8,000 0 (0%) 2,000 (25%)

Units started & completed: 10,000 10,000 10,000

W-1-P Nov. 30: 6,000 6,000 3,000

Equivalent units 16,000 15,000

Cost per equivalent units:

Materials Conversion

Total costs for the month $15,600 14,400

Equivalent units 16,000 15,000

Cost per equivalent unit $0.975 $0.96

Costs assigned this month to:

Work-in-Process $0 $1,920 $1,920

(0 *$0.975) (2,000 * $0.96)

Units completed $9,750 $9,600 $19,350

(10,000 *$0.975) (10,000 * $0.96)

W-1-P Nov. 30: 5,850 2,880 8,730

(6,000 *$0.975) (3,000 * $0.96)

Total costs assigned $15,600 $14,400 $30,000

Total costs of:

Units transferred out $19,350 $16,320 $35,670

W-1-P Nov. 30: 5,850 2,880 8,730

Total costs $25,200 $19,200 $44,400

Explanation:

a) Data and Calculations:

Dept. A. UNITS:

Units Materials Conversion

W-1-P Nov. 1: 8,000 100% 75%

Started in November: 10,000

Transferred to Dept B: 12,000 100% 100%

W-1-P Nov. 30: 6,000 100% 50%

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3 years ago

The graph shows the supply and demand curves for a certain product, which

nadya68 [22]

Answer:

A. The current selling price for the product is too low.

Explanation:

The ideal market price should be $400. This is the equilibrium point where demand matches supply. At the price of $400, buyers and suppliers will be happy to trade a quantity of 4000 units.

The prevailing price of $300 is too low. Suppliers should raise the price to the price $400 mark.

5 0

3 years ago

Read 2 more answers