Sellers Market
(when demand exceeds supply, more buyers than homes available, leads to multiple buyers interested in a single property, this results in bidding wars driving the price up)
Answer: c. Need recognition
Explanation: Mary has just proceeded through the need recognition stage of consumer decision making. This is because she discovered an issue that needed to be resolved that affected her ability to be in contact with her clients. The need recognition stage of consumer decision making as the first stage of the consumer decision making process refers to the instance where a consumer recognizes that a need exists that needs to be satisfied. The need can be triggered by internal stimuli or external stimuli. Mary researched what kind of need she has, what brought it about, and possible ways to deal with the need.
Answer:
The correct answer is diversify geographically.
Explanation:
Diversification is one of the strategies most used by companies when it comes to expanding their market horizon. In this sense, diversifying is synonymous with expansion, growth, investment and openness.
In general, companies that are committed to diversification seek new market niches or commercial possibilities. This may be motivated by several reasons, ranging from corporate growth opportunities to the implementation of internal restructuring plans.
A. Knowing how to prioritize
Answer:
Variable costs
Explanation:
Variable costs are those that vary with the level of activity of the company. For example, raw materials are a variable cost. If you sell 10 units at $1 per unit, the variable cost is $10. If you sell 15 units it's $15. Fixed cost remains the same regardless of the number of units sold.
