Answer: Creation of sales
Explanation: In direct marketing the company focuses on avoiding the advertising middle man and tries to inform the customers directly about the product or service offered.
The direct marketing is done with the intent of increasing customer base which will further result in creation of sales. This could be achieved by making promotional events and other such kind of activities.
Because Adults may replace products from children who can buy cheaply.
These levels of price differentiation are also known as individual pricing (tier 1 pricing), product versioning or menu pricing (tier 2 pricing), and group pricing (tier 3 pricing). .
In third-degree price discrimination, different consumer groups charge different prices for the same product. These consumer groups can be identified based on certain characteristics such as age, gender, location and time of use.
Third-class monopoly price discrimination means that monopolists charge different prices for the same product in different markets because the price elasticities of demand differ. Quite common in the market.
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In increase in prices makes less people want to buy
Answer:
The correct answer is:
false (b)
Explanation:
Reduction in the price of a good or service in a competitive market leads to an increase in quantity demanded, which in turn leads to an increase in the production quantity, to cater for the increase in the volume of demand. Hence the reduction in the price of Jacques's fire engines will increase demand and in effect increase the production quantity. With respect to the total revenue, depending on the extent of demand increase, the total revenue might increase or even decrease. If the total demand exceeds the previous demand to make up for the reduction in price, the total revenue will increase, if not so, the total revenue will decrease.
Answer:
c. It may provide only a temporary market advantage.
Explanation:
According to my research, the first mover strategy is a marketing strategy that offers an advantage by gaining the initial significant occupant of a market segment. This is usually caused by the inquiry of new technological leadership or purchase of early resources, even though this may only provide a temporary market advantage.
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