To address intangibility, a marketer needs to use tangible cues in their marketing to make the customer see the benefit of the service being offered.
Marketers could also use testimonials to vouch for the quality of the service being sold.
Answer:
=$4.07 unit
Explanation:
<em>Weighted average contribution margin is applicable where a business sells more than one product in a constant mix or proportion. It gives an idea of how much is made on the average as contribution from th sale of a unit.</em>
It is determined as follows
Step 1
<em>Total contribution from a mix and total units</em>
<em>Total contribution from a mix</em>=(2500 × $3.50) + (2,000 × $4.80)
=$18,350
<em>Total units in a mix</em> = 2,500+ 2,000 = 4,500 units
Step 2
<em>weighted average unit contribution</em>
=$18,350/4,500units
=$4.07 unit
Answer:
yes, it is true
Explanation:
the expected value of game 1 = ($30 x 0.5) + (-$1 x 0.5) = $15 - $0.50 = $14.50
- since the expected value of game 1 is very high compared to the risk of losing, then most of us would probably want to play that game.
the expected value of game 2 = ($2,000 x 0.5) + (-$19,000 x 0.5) = $1,000 - $9,500 = -$8,500
- on the contrary, since the expected value of game 2 is negative and the risk of losing a large amount is very high, very few people will be willing to play game 2 without being paid to do so.
Answer: e. hiring part-time help and maintaining extra inventory for peak periods (buffering)
Explanation:
In the large city described, Beatrice operates from a food truck which means that her business is small scale. Because of this, she cannot hope to influence the market which has so many fierce competitors. Her best option therefore is to work on her small business with the resources she has.
Out of the options listed, the most realistic is to hire a part-time help and practice buffering so that when demand picks up in peak season, she can take advantage of the situation as best she can. This will build customer loyalty when they are sure they can always get food from her and thus give her a little more of the market share.
Everything else listed will be too expensive for her current level and so should be avoided.
Answer:
sinking fund provision
Explanation:
Sinking fund provision -
It is the type of fund , where certain amount of money is kept saved which is used to pay for the debt or bond , is referred to as sinking fund provision.
The company issuing the debt is required to pay the debt in the future , where the sinking funds enable to reduce the huge outlay of the revenue.
Hence , from the given scenario of the question, the correct term is sinking fund provision.
