Answer:
the firm should have sold less output in the local market, and more output on the internet auction site.
Explanation:
Based on the scenario being described within the question it can be said that in order to maximize profits the firm should have sold less output in the local market, and more output on the internet auction site. This is because marginal revenue indicates the additional revenue that will be generated by increasing product sales by one unit. Therefore since the internet auction site's marginal revenue is higher than the local store, it means that selling more units in the internet site will lead to more profit than the local market.
Advertising keeps consumers informed about new products in the market at their disposal.
Get-away represents lifestyle segmentation.
<h3>
What is lifestyle segmentation?</h3>
- Customer lifestyle segmentation is the technique of breaking each customer's information into small sub-groups.
- These sub-groups are created using data from each and every consumer.
- These groups are formed in order to make conclusions regarding customer preferences, likes, and dislikes.
- One method of market segmentation is lifestyle segmentation.
- It is directly related to psychographic segmentation.
- The AIO is the most extensively utilized instrument for lifestyle segmentation (Activities, interests, and opinions).
- The idea is to target one or more lifestyle categories with your marketing mix.
Therefore, Get-away represents lifestyle segmentation.
Know more about lifestyle segmentation here:
brainly.com/question/13686011
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Answer:
The correct answer is letter "E": perception of social status.
Explanation:
The perception of social status refers to discriminating people by the level of income and lifestyles they have. People with higher buying power are usually seen as smarter and more educated while those with below-average income are usually seen with relative mistrust.
This is a stereotype that leads to having incorrect ideas of how people are. In front of job interviews, all applicants must be evaluated based on their <em>qualifications, skills, </em>and <em>experience</em> rather than on what is the price tag of the clothing they are wearing.