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Eduardwww [97]
3 years ago
15

When some consumers see the marketing mixes being offered by various firms as being different, but other consumers consider thes

e alternatives to be close substitutes for each other, the competitive situation is described as________________.
Business
1 answer:
kaheart [24]3 years ago
6 0

Answer: Monopolistic competition

Explanation:

 The monopolistic competition is one of the imperfect competition in the industry where the different types of products and the services are offered in the market but it is not perfectly substituted.

 According to the question, the given situation best describe about the monopolistic competition in which the different organization offer the marketing mix.

The customers see that marketing at very different level and they also control the monopoly by their own specific target in the market.    

Therefore, Monopolistic competition is the correct answer.  

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Alicia is interested in purchasing a set of ear buds to use with her laptop and smartphone. She visits best buy and notices that
alex41 [277]

She decides to purchase the beats brand because she believes it’s a higher quality set. In this case, alicia has been influenced by the Informative effect of price.

<h3>Information effect of price.</h3>

Consumers tend to use the information about the price of a product to ascertain its Quality. The is basically because the perception of quality  is usually indicated by price.

Here, Alicia buying the beats brand even thogh it costs higher than the skullcandy model  shows that she is using the information effect of price making her to perceive the beats brand as having higher quality.

Learn more on Information effect of price: brainly.com/question/7930369

8 0
2 years ago
A company that develops artificial flavorings for candy manufacturers uses research to refine its market offerings. Its studies
Makovka662 [10]

Answer:

The correct answer is letter "B": Conjoint analysis.

Explanation:

In Marketing, Conjoint analysis or Conjoint Value Analysis (CVA) is a research helpful in determining how individuals value different features of the same product. The analysis aims to measure the utility that consumers perceive from each feature at different levels of the product.

7 0
2 years ago
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses a
mezya [45]

Answer:

Allocated salary to Grinding = $18,000

Explanation:

<em>The Salary would be allocated between the department using the number f employees as the basis of allocation. This is so because number of employees would be a reasonable factory that influences the amount incurred as salary expense.</em>

This is done as follows:

Allocated Salary expense =

Number of employee in a department/Total employee× Salary

Allocated salary to Grinding Department

= 1500/2500× $30,000=$18,000

Allocated salary to Grinding = $18,000

4 0
2 years ago
You have just purchased a new car! You made a down payment of $5,000 and financed the balance. According to the purchase agreeme
erik [133]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The down payment of $5,000 and financed the balance. According to the purchase agreement, you must pay $600/month for four years, beginning one month from today. The credit agreement is based on an annual interest rate of 12%.

First, we need to calculate the final value of the monthly payment.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit= 600

i= 0.12/12= 0.01

n= 12*4= 48

FV= {600*[(1.01^48)-1]}/0.01= 36,733.56

Now, we calculate the present value:

PV= FV/ (1+i)^n= 36,733.56/ (1.01^48)= 22,784

Total cost= 22,784 + 5,000= $27,784

8 0
3 years ago
Since 2005, publicly traded companies in the European Union have been required to use IFRS in preparing their consolidated finan
Ann [662]

Answer:

Comparability of Financial Statements in different jurisdictions

Explanation:

The reason is that if the IFRC is successful in achieving this then it will help the investor to make more informed decisions and gain maximum out of the investment and all this is only possible by enhanced comparability of the financial statements in different jurisdictions.

6 0
3 years ago
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