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Ksivusya [100]
3 years ago
7

After years of using a mass marketing strategy, Precision Print Shop has responded to new competition from larger companies by f

ocusing on small market segments that have been ignored by these competitors. Precision believes that by offering these market segments personalized customer service it can attract a loyal group of customers willing to pay premium prices. What is Precision's strategy known as:______.
a. environmental scanning.
b. niche marketing.
c. micro-marketing.
d. respondent change.
Business
2 answers:
gladu [14]3 years ago
7 0

Answer:

b. niche marketing.  

Explanation:

Niche marketing is the subset or segment of the total market on which a specific product is focused.

The market niche defines the product features aimed at satisfying specific market needs which are <u>the needs of the market segment on which the product is focused,</u> as well as the price range, production quality and the demographics that it is intended to target. <u>Niche market segments are usually a small market segment.</u>

In the scenario it is stated that ''Precision Print Shop has responded to new competition from larger companies <u>by focusing on small market segments'', </u>implying that Precision Print Shop is now practicing niche marketing.

dedylja [7]3 years ago
3 0

Answer:

b. niche marketing

Explanation:

Niche marketing is the type of marketing that involves promoting and selling a product and service to a particular section within a large market. Niche marketing focuses on specific market targets that will benefit from a particular product or service and not the entire market. This type of marketing strategy is highly cost effective.

Niche marketing helps a business to build their brand, it also helps a business to penetrate a particular section of the market and meet customers needs and desire.

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If Chester Corp. were to buy all of it's shares outstanding at its current price, how much would it cost Chester Corp, excluding
Anvisha [2.4K]

Answer:

$82, 727, 931

Explanation:

At a present stock price of $24.40 , the cost of buying all outstanding 3,390, 489 shares is calculated by multiplying the present stock price by the total outstanding shares 24.40 * 3, 390, 489 = 82, 727, 931

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2 years ago
A company is constructing an asset for its own use. Construction began in 2017. The asset is being financed entirely with a spec
Ira Lisetskai [31]

Answer:

option B

Explanation:

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The correct answer is option B

 weighted-average accumulated expenditures for the asset in 2017 and 2018.

3 0
3 years ago
Read 2 more answers
The West European buyers who purchase and resell Entrée Specialités’ food products in their home countries are in the _____ busi
defon

Answer:

The correct answer is letter "A": importing.

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Importing activities involve businesses or individuals purchasing goods from manufacturers abroad with the purpose of reselling those goods or for personal use. Importing goods imply paying tariffs on those products as a way to protect national businesses.

5 0
3 years ago
Which of the following is not one of the three most common core ERP components focusing on internal operations? A. Accounting an
viva [34]

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3 years ago
at the marriage of her daughter, lorna is given papers to sign, which the catering company says are the invoices for the food, s
vampirchik [111]

The wedding ceremony planner invoice is a consignment that details a service price and provides an amount of time in which price should be sent.

This invoice is given to consumers after formally asking for the planner's knowledge regarding wedding ceremony preparation.

<h3>What is consignment with example?</h3>

An consignment is an itemized commercial file that records the products or offerings delivered to the customer, the complete quantity due, and the favored payment method. The vendor can send both paper or electronic invoices to the customer.

<h3>Does invoice suggest paid?</h3>

An bill is a demand for price (delivered both electronically or physically) that is sent with the aid of the vendor after the sale of goods/services has been completed, however earlier than price has been made. In essence, invoices are used to make certain that your business receives paid.

Learn more about invoices for the wedding. here:

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