Answer:
A) increase, and total consumer spending on beef will decrease.
Explanation:
A decrease in the population of dairy cows and beef cattle, will result in a leftward shift of the supply curves for both milk and beef. A leftward shift will result in an increase in price at every quantity demanded.
Since the demand for milk is inelastic, a steep increase in price will result in a smaller decrease in quantity demanded. Since the demand for beef is elastic, a steep increase in price will result in a larger decrease in quantity demanded.
Since the demand for milk is inelastic, an increase in price will result in an increase in total spending. On the other hand, since demand for beef is elastic, an increase in price will result in a decrease in total spending.
Answer:
consumer products
Explanation:
Consumer products (or final goods) are the every products we buy all the time. Consumer products are the products that people buy for personal use. Consumer products are divided into four categories:
- convenience
- shopping
- specialty
- unsought
Generally consumers buy this type of products routinely, by habit and without thinking a lot about them.
Answer:
The correct answer to the following question is B) value creation.
Explanation:
Holistic marketing approach is a type of approach under which a business believes that all aspects of its marketing strategy are related to each other. This approach consists of four components-
Relationship marketing - where a business tries to build a strong and long lasting relationship with its customers and other parties.
<u>Integrated marketing - where a business tries to make those kind of marketing decision which creates value for its customers or stakeholders through a clear and concise message.</u>
Internal marketing - where a business is aiming at satisfying its own employees needs.
Societal marketing - where a business tries to create such marketing initiatives which are based on ethically sound practice.
Answer:
The correct answer is behavioral segmentation.
Explanation:
Behavioral market segmentation, together with demographic segmentation, geographic segmentation and psychographic segmentation is one of the main techniques of market division. These four market segmentation techniques represent the fundamental tools to support a good marketing and communication plan in the distribution of products and services.
Do not forget that many times, even if we are able to produce or offer a very good product for the audience, if we do not know what is the appropriate message to sell it, we can hardly reach our target audience.
Transaction public property
Exemption of the government
