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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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Which of the following is a false statement? Brokers are paid a fee for their agent services; dealers earn the bid-asked spread
Natalka [10]

Answer:

less volatile the price of a security, the wider the bid-asked spread.

Explanation:

From the answers listed in the question the one that would be considered false would be that the less volatile the price of a security, the wider the bid-asked spread. This is because the bid-asked spread usually depends on the liquidity of the asset, when the asset has a large enough liquidity which causes the volatility to be low the bid-asked spread becomes very narrow since there is not much demand for buyers willing to pay higher prices for the asset in question. The opposite occurs if an asset is very popular and volatility is high which creates a much wider bid-asked spread.

3 0
3 years ago
Parker & stone, inc., is looking at setting up a new manufacturing plant in south park to produce garden tools. the company
Setler [38]

The initial investment is the total amount spent or the amount of cash outflow.

The initial investment here is -

Proper cash flow amount = Cost of land (present cost of land) + Cost of Plant + Cost of Grading

Proper cash flow amount = $ 4,300,000 + $ 11,500,000 + $ 670,000

Proper cash flow amount = $ 16,470,000

4 0
3 years ago
Welfare economics is the study of Select one: a. taxes and subsidies. b. how technology is best put to use in the production of
icang [17]

Answer:

Correct option is (d)

Explanation:

Welfare economics deals with the study of distribution of resources affect the overall welfare of the society and economy as a whole.

It is a part of economics that studies the role of government in aligning policies for the welfare of the society and ensuring that every section of the society is equally developed.

The concept was developed as inequality in distribution of wealth and resources was observed across different sections of the economy. Poor was becoming poorer and rich, becoming richer. This hampered overall growth of the economy, thereby giving birth to welfare economics.

7 0
3 years ago
How would you describe the savings rate in america compared with other industrialized countries?
Natasha_Volkova [10]
United States’ savings rate is only around 10%, much lower than any other countries. There's some reasoning behind it. In fact, countries with the highest savings rates weren’t necessarily the countries with the highest GDPs. GDP os US is $56,300 per capita but their household savings rate of just 4.9%. Also, in Hungary their GDP is $26,000 while their savings rate of 9.0%. This implies that the money they have isn't place on one nest only or put to savings, rather allocated to a much more important sectors. We should not forget taking into account their purchasing power parity, the rate a currency would have to be converted into another to buy the same amount of goods and services of the country. 
6 0
2 years ago
Tim buys a house from Betty in 2011 for $200,000. Betty receives $185,000 and $15,000 goes to Mary, the real-estate agent. Betty
Step2247 [10]

Answer:

$15,000 

Explanation:

Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

When calculating GDP, only items produced in the current year are added. The house had been sold in 2007. Adding the sale to the GDP in 2011 would lead to double counting.

It's only the amount paid to the agent that would be added to GDP.

I hope my answer helps you

5 0
3 years ago
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