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VLD [36.1K]
3 years ago
7

Trey sells consumer electronics. He knows his customers weigh the costs versus the benefits associated with the different option

s available. He decides which products to offer and what prices to charge based on the way his customers think. Trey operates as if he were in the __________ era.
A, production-oriented
B, sales-oriented
C, market-oriented
D, value-based marketing
E, retailing-oriented
Business
1 answer:
BartSMP [9]3 years ago
5 0

Answer:

D, value-based marketing

Explanation:

Value-based marketing -

The process of selling goods or services , when marketing is done to the customer's ethics and value , in order to orient the customer to buy a specific goods or services .

It shifts the marketing towards customer-centric from product-centric  .

Hence , from the question , Trey is selling products by Value-based marketing .

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(1) \text{Total Cost}=1246.67+7.60\ \text{Volume}

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A regression analysis for the provided data is performed on Microsoft Excel.

The output is attached below.

(1)

The estimated regression equation that could be used to predict the total cost for a given production volume is:

\text{Total Cost}=1246.67+7.60\ \text{Volume}

(2)

The variable cost per unit produced is given by the slope of the line.

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(3)

Consider the regression output attached.

The coefficient of determination is 0.96 or 96%.

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(4)

For Volume = 500 units predict the total cost as follows:

\text{Total Cost}=1246.67+7.60\ \text{Volume}

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