A market that consists of all possible consumers regardless of their specific needs or wants is a

2 answers:

6 0

A market that consists of all possible consumers regardless of their specific needs or wants is a <u>"mass market".</u>

The term mass market refers to an overall public market which is comprising of purchasers having a place with different age groups, ways of life and preferences. On the off chance that an organization makes any product or item which is valuable to different purchasers across different areas then it is said to have a mass market request. Items or Products concentrating on a specific statistic frequently have an excessive number of limitations and are restricted by specific limits; such items makes ‘segment market.’

kirill115 [55]4 years ago

5 0

A market that consists of all possible consumers regardless of their specific needs or wants is a mass market. A mass market refers to a large scale market where the product is available for consumers. When a product is produced on the large scale, the company hopes to have a large sale of the items at the end of their marketing efforts. Goods are produced in large quantities and readidly available for consumers.

You might be interested in

Which financial statement is prepared first?

ddd [48]

C because you have to know how much you make coming in so they can see where you're at

3 0

3 years ago

Read 2 more answers

According to the Phillips curve, policymakers could reduce both the inflation rate and the unemployment rate by Group of answer

puteri [66]

Answer:

None of the other answers is correct.

Explanation:

Williams A. Phillips was a notable economist born in New Zealand. Phillips wrote a famous article titled "The Relation between Unemployment and the Rate of Change of Money Wage Rates in the United Kingdom, 1861-1957" published in 1958 by Economica. In the article, he used data for the United Kingdom (U.K) to illustrate on a graph, a negative or inverse relationship between the rate of change of employee wages in the U.K and the unemployment rate in the United Kingdom (U.K).

Consequently, using the Phillips curve it is practically impossible for policymakers to reduce both the inflation rate and the unemployment rate because as the inflation rate decreases; the unemployment rate increases and vice-versa.

However, according to the Phillips curve, policymakers can reduce inflation and increase unemployment if aggregate demand is contracted.

3 0

3 years ago

The direct write-off method is used when: Multiple Choice Uncollectible accounts are not anticipated or are immaterial. A compan

stellarik [79]

Answer:

The correct answer is letter "B": A company elects to use this method as one of several alternatives.

Explanation:

The direct write-off method is one of two main approaches used to recognize bad debts being the other the allowance method. Using the direct write-off method implies straight recognizing an account as uncollectible as soon as the firm determines there will not be payment for it. There is no allowance account created for the debt. The bad debt, in either case, diminishes the company's period revenue.

4 0

3 years ago

Learning curves are useful for measuring work improvement for repetitive, simple jobs requiring short times to complete.

WINSTONCH [101]

False. Learning curves have limited application for assembly-lines with short, repetitive jobs.

8 0

3 years ago

Kalim developed a new food product that he was certain would be popular with consumers. He researched his target market and made

olchik [2.2K]

Kalim could have avoided this by seeing how much the most popular food product and lease a price it through that range.

For example, Bananas are 14$, and Pizza is 95$

He could have made the price 30 - 60$.