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Katarina [22]
3 years ago
8

Over the last few months, Juan and his colleagues have analyzed the current business situation and identified target markets for

his firm's personal care products. Finally, they developed the products, prices, distribution, and promotion that should appeal to each of those target markets. In doing so, Juan has also identified what he believes is an advantage his competitors cannot match. Juan and his colleagues have been developing:_________.
A. a business mission statement.
B. a strategic vision.
C. team-building exercises.
D. a marketing strategy.
E. competitive assessments.
Business
1 answer:
Mashcka [7]3 years ago
3 0

Answer:

D. a marketing strategy.

Explanation:

Marketing strategy: It is long term approach to develop or penetrate market. Every stage of product life cycle require different marketing strategy. There are different analysis been done to come out with one marketing strategy that will help the company to achieve their primary objective. Strategy for marketing mix, such as product, prices, distribution and promotion are one of the most important strategy to tap the market and gain competitive advantage.

In the given case, Juan and his colleagues have developed a marketing strategy to gain more market share in their target market and how they can gain competitive advantage.

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A change in income preferences or prices of other goods or services leads to a that causes a:______
exis [7]

Answer:

change in demand; shift of the demand curve.

Explanation:

We know that income elasticity of demand derives by considering the percentage change in quantity demanded and percentage change in income

In mathematically,

Income elasticity of demand = (percentage change in quantity demanded) ÷ (percentage change in income)

By considering the above information, the change in income preferences is due to change in demand plus it also shift of the demand curve

7 0
3 years ago
Within the​ growth-share matrix,​ "cash cows" are​ __________.
Flura [38]

Within the​ growth-share matrix,​ "cash cows" are low-growth, high-share businesses or products.

4 0
3 years ago
Which of the following identifies a change in the technological environment that could affect the success of a business?
podryga [215]

The statement that identifies a change in the technological environment that could affect the success of a business is option B. The option B is A company develops a new battery that lasts twice as long as its predecessor.

The development of technology is currently running so rapidly, unconsciously maybe every day technology develops. In this day and age, technology is very important for humans, so that it can be said that human life today cannot be separated from technology. The rapid development of technology has made almost all human work easier because almost all human work is assisted by technology. Day by day, technology is more varied, more innovative, more able to help human work. The development of this technology brings so many positive impacts, but technology also has a negative impact.

The following is the impact of technological developments on business:

  • Speed ​​up the production and distribution process
  • The exchange and delivery of information becomes easier and faster
  • Make it easier to get information related to finance, competitors, consumer tastes, and target market
  • Make it easier to expand your business
  • Make it easy in terms of promotion
  • Make transactions easier because of digital payments

You can learn more about development of technology here brainly.com/question/13743788

#SPJ4

8 0
1 year ago
when the savings and loan industry collapsed in the 1980s, all of the big accounting firms, except for arthur andersen, experien
Goshia [24]

All major accounting companies, with the exception of Arthur Andersen, experienced significant losses when the savings and loan sector collapsed in the 1980s since they were in charge of performing audit work on failing financial institutions.

The first significant financial crisis following the Great Depression was the Savings and Loan Crisis of the 1980s and 1990s. Customers and taxpayers suffered as a result of the crisis, which saw thousands of savings and loan organizations close their doors and billions of money wasted. There were 4,039 savings banks in operation in 1980, and between 1980 and 1994, over 1,300 of them collapsed. The fund that protected the deposits of savings banks was destroyed as a result of the high percentage of failures, and the remaining institutions as well as the taxpayers were hit hard by the costs.

The United States had a financial crisis in the 1980s as a result of both rising high-yield debt instruments, or "junk bonds," and surging inflation. As a result, more than half of the country's Savings & Loans institutions failed. The origin of the S & L crisis was the 1934 expansion of federal deposit insurance to S & Ls. Because all S & Ls paid the same insurance premium rate regardless of how safe or dangerous they were, deposit insurance was actuarially unsound from the start.

Learn more about the loan sector collapsed:

brainly.com/question/26654992

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8 0
1 year ago
Bonita Industries uses flexible budgets. At normal capacity of 21000 units, budgeted manufacturing overhead is $168000 variable
Mrac [35]

Answer:

$22,000 Favorable

Explanation:

The computation of the difference between actual and budgeted cost is given below:

Budgeted Variable Manufacturing Overhead Per Unit is

= $168,000 ÷ 21,000 units

= $8

The Fixed Overhead = $360,000

Now

For 26,000 Units, total Overhead Should be:

Variable = 26,000 × 8 = $208,000

Fixed = $360,000

Total = $568,000

And,  

Actual Overhead Cost = $546,000

So,  

Difference between Actual and Budgeted Cost is

= $568,000 - $546,000

= $22,000 Favorable

6 0
2 years ago
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