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ladessa [460]
3 years ago
5

The Golden Group is a group of luxury hotels that caters exclusively to high-end customers who form a small part of the market a

nd are willing to pay for luxurious amenities. The hotel has incorporated all possible luxuries to satisfy these customers. The marketing approach employed by The Golden Group best exemplifies
Business
2 answers:
Mila [183]3 years ago
7 0

Answer: Niche marketing.

Explanation:

Niche marketing involves a business aiming a product at a particular, often very small, segment of the market.

It anticipates consumers' needs and wants and can be clearly identified. It can be a local or small national market.

lorasvet [3.4K]3 years ago
3 0

Answer:

focused differentiation or niche marketing

Explanation:

When a company focuses on the needs of a small but very specific groups of people, they are carrying out a focused differentiation strategy on a niche market. Niche markets are usually very small, but they are made up of consumers who really know what they want and are very specific about what satisfies their needs. E.g. vegan restaurants serve niche markets.

In this case, Golden Group hotels is focusing on the 1%, or very wealthy customers that demand special amenities and are willing to pay a very high price for them.

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A present value of $2600 is invested in an account with an annual interest rate of 4.1% . Determine the minimum amount of time r
Olin [163]

Answer:

The minimum amount of time required is:

26.82 years.

Explanation:

Present value = $2,600

Future value = $7,800 ($2,600 * 3)

Annual interest rate = 4.1%

Monthly interest rate = 4.1%/12 = 0.342%

$2,600 will need to be invested for 321.781 (26.82 years) periods to reach the future value of $7,800.00.

FV (Future Value) $7,800.00

PV (Present Value) $2,600.00

N (Number of Periods) 321.781

I/Y (Interest Rate) 0.342%

PMT (Periodic Payment) $0.00

Starting Investment $2,600.00

Total Principal $2,600.00

Total Interest $5,200.00

5 0
2 years ago
Whitewater Rapids provides canoes to tourists eager to ride Whitewater river's rapids. Management has determined that there is o
alina1380 [7]

Answer:

Expected loss without insurance = $850

Explanation:

Given:

Probability to got injured or killed = 1 / 1000

Law suit average cost = $850,000

Deductible insurance = $100,000

Expected loss without insurance = ?

Computation of Expected loss without insurance:

Expected loss without insurance = Lawsuit average cost × Probability to get injured or killed

Expected loss without insurance = $850,000 × (1 / 1000)

Expected loss without insurance = $850

8 0
3 years ago
Economic value added:a. is a dollar amount rather than a percentage.b. is both a dollar amount rather than a percentage and uses
Fantom [35]

Answer:

The correct answer is letter "B": is both a dollar amount rather than a percentage and uses a firm's weighted-average cost of capital.

Explanation:

The Economic Value Added metric helps the shareholders of a business to determine how their capital is performing against other potential investments using the <em>weighted-average cost of capital </em>for that purpose. It is also a useful calculation for companies to decide on the most economically valuable project to be pursued.

The economic value added is calculated by subtracting the opportunity cost of capital from the earnings of the company. <em>The result is given in dollar amounts.</em>

7 0
3 years ago
Waterway Industries started the year with total assets of $314000 and total liabilities of $254000. During the year the business
Yuri [45]

Answer:

the  net income reported by Waterway Industries for the year was $299,000

Explanation:

The computation of the net income reported is as follows:

As we know that

Net income = Revenue - expenses

= $626,000 - $327,000

= $299,000

hence, the  net income reported by Waterway Industries for the year was $299,000

The same should be considered

3 0
3 years ago
It takes Juan 1 hour to wash a car and 2 hours to wax it. Maria, on the other hand, takes 1 hour to wash a car and half an hour
Anastasy [175]

Answer: Juan; Lower

Explanation:

One can do the work in which it has a comparative advantage. If one person has the lower opportunity cost of doing some work than the other person then he would specialize in that activity.

Here,

Juan opportunity cost of washing a car = \frac{1}{2}

                                                                            = 0.5 car waxed

This means that the opportunity cost of washing a car is being able to wax 0.5 car.

Maria opportunity cost of washing a car = \frac{1}{0.5}

                                                                            = 2 cars waxed

This means that the opportunity cost of washing a car is being able to wax 2 cars.

Therefore, the opportunity cost of washing a car is lower for Juan. So, Juan would specialize in washing.

4 0
3 years ago
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