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evablogger [386]
3 years ago
15

Imagine you work for a company that produces cleaning products, such as S.C. Johnson & Son or Method Products. Technological

advances have allowed your company to develop formulas and tools that make cleaning a breeze. Some consumers that buy your products try to minimize their cleaning time, while others push your product to the limit (aka, heavy-duty cleaners!). Based on this information, if you had to target one of the following consumer groups, which would you choose and why? Select one consumer group option and one reason below. Flag this Question Question 10 pts Consumer a. Cleaning avoiders: Consumers that do not want to clean and spend around 2.5 hours a week cleaning (21% of the market) b. Quick and convenient: consumers who spend around 4.5 hours a week cleaning (24% of the market) c. Cleaning routinists: consumers that perform cleaning tasks an average of 18 times a week for a total of 5 hours (21% of the market) d. Time-pressured appearance cleaners: consumers that do not find joy in cleaning and spend about 3 hours a week cleaning (15% of the market) e. Cleaning is nirvana: consumers that find joy in cleaning and spend around 4 hours a week cleaning (19% of the market)
Business
1 answer:
IRISSAK [1]3 years ago
4 0

Answer:

The answer is c. Cleaning routinists: consumers that perform cleaning tasks an average of 18 times a week for a total of 5 hours (21% of the market).

Explanation:

Note the wording of the question. The cleaning products developed by the company <em>make cleaning a breeze</em>. This means that they make cleaning a lot easier and convenient, with less effort required.

Although this would benefit all consumer groups, it is particularly beneficial for those who do the cleaning on a routine basis. Hence, it is most important to convince these heavy-duty cleaners that the product meets their needs. Other groups that are less intense are likely to see the benefits.

Also note that the cleaning routinists spend an average of 5 hours a week cleaning. This is more than the amount of time spent on cleaning by any other group. This implies that they may use up the products quickly and replace them with new ones more frequently, thus enhancing the sales made by the business.

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Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is​ $1 per​ can,
FinnZ [79.3K]

Answer:

Option (B) is correct.

Explanation:

The utility maximization point for a consumer is as follows:

\frac{MU_x}{P_x}=\frac{MU_y}{P_y}

It is given that,

price of Pepsi(x) =​ $1 per can

price of a hamburger(y) =​ $2

Marginal utility from Pepsi =​ 4

Marginal utility from hamburgers = 6

Hence,

\frac{4}{1}>\frac{6}{2}

4 > 3

Therefore, it can be seen that the consumer's utility is not maximized at this point.

Law of diminishing marginal utility states that as the consumer consumes more and more quantity of goods then as a result the utility obtained from the consumption goes on diminishing.

So, there is a need to increase the quantity of Pepsi consumed and reducing the quantity of hamburgers consumed.

6 0
3 years ago
Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? It would be a r
grandymaker [24]
The right answer for the question that is being asked and shown above is that: "The government will pay firms to give some workers extra pay to increase the total economy." <span>Is it wise for a firm to employ a worker at $20 per hour when another worker does the same job for $10 per hour? </span>
6 0
3 years ago
Answer the above questions <br><br>don't spam <br>​
Anna007 [38]

Answer:

Explanation:

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5 0
2 years ago
Read 2 more answers
Maldonia has a comparative advantage in the production of sugar , while desonia has a comparative advantage in the production of
steposvetlana [31]
Maldonia must give up 8 units of TEA to get 16 units of lemons, while Desonia must give up 8 units of tea to get 4 get units of lemons. Hence the opportunity cost of productivity are units of lemon for Maldonia -0.5y(-8/16), and for Desonia it is -2y(-8/4).This means Maldonia has comparative advantage in producing lemon and Desonia has comparative advantage in tea.
6 0
3 years ago
In its statement of cash flows issued for the year ending September 30, Berne Company reported a net cash inflow from operating
Dafna1 [17]

Answer:

B. $29,000

Explanation:

The cashflow from operating activities is calculated as below:

Cashflow from operating activities = Net income + Depreciation - Working capital investment

                                                          = Net income + Depreciation - (Change in inventories + Change in account receivables - Change in account payables)

Putting all the number together, we have:

123,000 = Net income + 38,000 - [(-27,000) + 31,000 - 48,000 - 12,000),

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5 0
3 years ago
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