Answer:
Actually, technology has allowed marketing in sports to become much more specialized and reach a much more targeted segment. For example, tv stations showing many kinds of sports at one time and social media followings for specific sports. Fragmented audience is a crucial challenge because if something is done that the audience perhaps doesn't like then there are no other segments to rely on for support. It is an opportunity because it allows the marketers to gear their strategies to a small audience and develop better PR and customer loyalty.
In any field of study, people always start with the ideal scenario in order to eliminate external factors that could only add complexities. Then, when we fully understand the concepts, the calculations gradually evolve to more complex ones to cater to realistic problems.
The basic assumptions that economists do are the following
1. People always have preferences on a set of outcomes and this can be determined through the quantity and quality of their value
2. People always maximize utility or the satisfaction you get out of buying and using the product.
3. Businesses always maximize profit.
Answer:
d) $57,500
Explanation:
For computation of gross margin under absorption costing first we need to find out the unit product cost under absorption costing which is shown below:-
Unit product cost under absorption costing = Direct materials + Direct labor + Variable manufacturing overhead + (Fixed manufacturing overhead ÷ Units produced)
= $32 + $45 + $2 + ($43,500 ÷ 2,900)
= $32 + $45 + $2 + $15
= $94 per unit
Gross margin = Units sold × (
Selling price - Unit product cost under absorption costing)
= 2,500 × ($117 - $94)
= $57,500
With prestige products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
A product is something that can be supplied to a market in order to satiate a customer's need or desire. In case of marketing, a product is an item or service which is made accessible for consumer utility in response to their demand. Products are also sometimes found in form of merchandise in the retail sector, or they are purchased as raw materials and then made into finished things in the manufacturing sector. The most common types of commodities are basic materials which includes metals or agricultural goods, but can also include anything that is readily available in the open market.
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