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sveticcg [70]
3 years ago
6

"Renee Farm grows genetically modified fruits and vegetables by using nutrient enriched soil and chemically enhanced fertilizers

. Its products are extremely popular among health-conscious individuals who believe that natural fruits and vegetables do not have adequate amount of nutrients. Renee Farm's products are popular even though their market is very niche. In the context of industry-level strategy, Renee Farm is most likely using a(n) _____."
Business
1 answer:
Ivenika [448]3 years ago
5 0

Answer:

focus strategy        

Explanation:

Focus strategy: The term "focus strategy" is defined as one of the distinct marketing strategies in which a particular company or organization "concentrates" associated resources on expanding or entering in a very narrow or small industry or market segment. A focus strategy is generally being implemented where the company or the organization knows its associated segments and therefore consists of different products to purposefully satisfy its relevant needs.

In the question above, Renee Farm is most likely using a focus strategy.

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I think Sean should negotiate for 2,500 dollars and save the 500 dollars for college or for something else he might want or need to buy.

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This step in international market research often relates to the cost of collecting primary data that can address the research pr
shepuryov [24]

Answer:

assessing the costs and benefits of the research.

Explanation:

When a researcher embarks on a project and discovers that the costs of collecting the primary data overruns the benefits to be derived from the research, the researcher should reconsider whether to collect the primary data or not.  Researchers regularly assess the costs and benefits of collecting primary data before fully embarking on data collection.  If the costs outweighs the benefits of the data collected, then it is not beneficial to use primary data.  Instead, the researcher can rely on secondary data.  For every project, the costs and benefits are important considerations that determine whether a research or project goes ahead or not.

5 0
3 years ago
Prepare a bank reconciliation as of October 31 from the following information:
kakasveta [241]

Answer:

              Bank Reconciliation Statement as of October 31

Particulars                       Amount    Particulars                     Amount

Balance as per bank          $350      Balance as per books    $806

Add: Late deposit               $433      Less: Returned checks   $80

Less: Outstanding check    $66       Less: Error recordings    $9

          ($24+$42)                                           ($65-$56)

Reconciled Balance           $717        Reconciled Balance       $717

3 0
3 years ago
Why would a free market never operate at a quantity greater than the equilibrium quantity? Hint: What would be required for a tr
Volgvan

Answer:

This is because in a free market, the prices of goods and services are determined by market forces, and the price mechanism will always keep the market at equilibrium.

Explanation:

The free market is a market without government intervention, equilibrium price and quantity are determined by the interaction of the market forces, also called price mechanism , which Adams Smith referred to as the invisible hands in the market.

The free market cannot operate outside the equilibrium because, the market forces will always keep the market towards equilibrium. Even if equilibrium is distorted, as a result of any shock, the market forces will bring the market towards equilibrium all things being equal, except there is market failure.

a free market is a market in which prices of goods and services are set by demand and supply and are allowed to reach their point of equilibrium without government intervention

3 0
4 years ago
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