The strategy that they use is <span>signaling value by targeting sophisticated buyers
This type of strategy could only work if the target market has specific preferences.
Even though the number of potential consumers for this market tend to be considerably small compared to another market, but the customers that obtained through this strategy tend to show higher level of loyalty.</span>
Answer:
C) The invisible hand
Explanation:
Daniel here seeking to produce and increase his welfare is "led by an invisible hand" to negotiate with his suppliers and to sell goods to his neighbors in a way that everybody is better off as a result from these transactions.
This is also a clear example to what Adam Smith was referring to the invisible hand:
"in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. Nor is it always the worse for the society that it was not part of it. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. " Adam Smith, The Wealth of Nations, Book 4, Chapter 2
Answer:
B. make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.
Explanation:
Once values and ethical standards have been formally adopted, a company must make it unequivocally clear that the company's core values and ethical standards are strictly enforced cultural norms.
This ultimately implies that, when an organization has developed its policy which normally connotes its values and ethical standards, it is very important and essential that it communicates succinctly to its employees they must abide by this policy and must be strongly adopted and adhered to by them.
Answer:
D.
discouraging the use of products like alcohol and tobacco
Explanation:
Excise taxes can be regarded as taxes that are been paid after purchasing a particular goods such as gasoline, it is also extended on activities like usage of high ways.. It should be noted that besides raising revenue, discouraging the use of products like alcohol and tobacco is another important use of excise taxes.
