Increased customization in products and services generally requires <u>more </u>resources and effort.
Customization requires a corporation to shift its marketing version from vendor-orientated to buyer-orientated. The goal is to assist clients higher becoming aware of what they want. Customization allows organizations to have the capacity to evolve personalization and one-to-one advertising projects for the digital advertising environment.
Mass customization in advertising refers to the motion of altering products or services to create custom studies for customers. Many industries use this approach, from retail corporations to software designers or monetary companies to modular home construction.
We have recognized four strategies for customization, which we name collaborative, adaptive, cosmetic, and transparent. While designing or remodeling a product, system, or business unit, managers must examine each of the procedures for possible insights into how nice to serve their customers.
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Answer:
Instructions are below.
Explanation:
Giving the following information:
Sales= 590 units
Selling price= $120
Unitary variable cost= 120*0.6= $72
Fixed costs= $21,312
<u>First, we need to calculate the total contribution margin:</u>
Total contribution margin= 590*(120 - 72)
Total contribution margin= $28,320
<u>Now, the contribution margin per unit:</u>
Unitary contribution margin= 120 - 72= $48
<u>Finally, the contribution margin ratio: </u>
contribution margin ratio= contribution margin / selling price
contribution margin ratio= 48/120
contribution margin ratio= 0.4
Based on the returns on Digital Cheese and Executive Fruit, the variance and standard deviation of each stock is:
Variance:
- Digital cheese = 56.8
- Executive fruit = 34.8
Standard deviation:
- Digital cheese = 7.5
- Executive fruit = 5.9
This means that Digital Cheese is riskier if held alone.
<h3 /><h3>What are the variances and standard deviations of the stock?</h3>
Using a spreadsheet, one can order the given returns and then find the variance using mathematical functions.
When this is done, the variances on Digital cheese and Executive fruit would be 56.8 and 34.8 respectively.
You can then take the square roots of these variances to find the standard deviations as 7.5 and 5.9 respectively.
Because Digital Fruit has a higher standard deviation, it is considered to be riskier in terms of returns.
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Ordinary kriging, for which the assumption of stationarity (that the mean and variance of the values is constant across the spatial field) must be assumed.
