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Alina [70]
4 years ago
8

EcoBean, a chain of cafes, has introduced a Special Shopper Card that allows customers to pay in advance for coffee and snacks.

This effort by EcoBean management is most likely an example of ________. Group of answer choices diversification market development product adaptation market penetration product development
Business
1 answer:
Scrat [10]4 years ago
3 0

Answer:

Market penetration

Explanation:

Market penetration is a phenomenon which a certain market is penetrated through the product. The increasing number of sales shows how far is the market penetrated.

EcoBean decided to enter into a different market by developing a new product extension. People who pay online is a separate market from people who pay cash. In addition to on hand paying customers, they are penetrating the market of online payers.

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How do network externalities affect barriers to​ entry? Network externalities
Nostrana [21]

Answer:

E. reduce barriers to entry because consumers are more satisfied.

Explanation:

8 0
3 years ago
Fill in the blank: During the attract stage of the inbound methodology, an inbound business focuses on __________________. (Choo
sasho [114]

Hi, this is an Incomplete question.

Here are the options:

  • becoming a trusted advisor to a prospect
  • attracting prospects and customers through relevant and helpful content
  • immediately adding value to a prospect’s buyer’s journey
  • exceeding a prospect’s expectations in the buying process so that they’ll want to tell their friends and family about your company

Answer:

  • <u>attracting prospects and customers through relevant and helpful content</u>

<u>Explanation:</u>

Interestingly, the inbound methodology describes the process of attracting, converting visitors into customers, also with the aim of making them promoters of the business.

Thus, the first stage which is the attract stage is concerned with the attraction of customers via TV or radio adverts, online marketing, etc.

7 0
4 years ago
Employees who record and are paid for the exact of amount of time spent working are paid on a(n) _____ basis.
jonny [76]
An hourly basis.
 hope this helped!!
4 0
3 years ago
Read 2 more answers
If the manufacturer of a sophisticated new consumer electronics product determines that many target consumers qualify as "innova
sp2606 [1]

Answer:

The correct answer is letter "B": skimming.

Explanation:

Price Skimming is a strategy that unveils a product that customers will pay for at the highest price. Price Skimming aims at large profits that allow a business to rapidly recover the costs of development. If that product is inelastic -<em>does not change in quantity demanded when price changes</em>, the manufacturer has more reasons to try to set the price as high as the consumer is willing to pay.

5 0
3 years ago
Cash investments made by the owner to the business are reported on the statement of cash flows in the
Julli [10]

Answer:

d. financing activities section

Explanation:

cash investment made by the owner and their withdrawals will be in the financing activities section

On the financing activities, the accounting does a detail ofthe origin of funds which paid for the assets. These funds could be from owners or lenders.

Therefore, the equity transactions are included in the financing activities sections

From the owner point of view, it is an investment. But, we must remember that the owner and te company are different entities. For the company it is financiation

6 0
3 years ago
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