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3 years ago

Dividing a diverse market into groups of customers who share similar traits or characteristics is the process known as:

Business

1 answer:

victus00 [196]3 years ago

5 0

Answer:

Market segmentation

Explanation:

Market segmentation is the process of dividing a market of potential customers into groups, or segments, based on different characteristics. The segments created are composed of consumers who will respond similarly to marketing strategies and who share traits such as similar interests, needs, or locations. A market segment is a group of people who share one or more common characteristics, lumped together for marketing purposes.

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Zappos.com constantly reminds customers of recently viewed items and informs them when stock is low in an effort to entice the c

nirvana33 [79]

I guess the correct answer is conversion rate.

Zappos.com constantly reminds customers of recently viewed items and informs them when stock is low in effort to entice the customer to make a purchase. Zappos is trying to improve its conversion rate.

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3 years ago

This activity is important because any business that offers multiple product lines to multiple market segments is faced with the

Serggg [28]

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3 years ago

Paula inherits a home on July 1, 2019 that had a basis in the hands of the decedent at death of $290,000 and a fair market value

Airida [17]

Answer:

her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.

Explanation:

Recognized gain on sale of old house

= ($600,000 - $125000) - $30,000 - $2000

= $443,000

Paula's recognized gain = $443,000 - $250,000

= $193,000

Her basis in the inherited home = $500,000 + $100,000

= $600,000

Therefore, her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.

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3 years ago

You are the curator of a museum. The museum is running short of funds, so you decide to increase revenue. What should you do to

SVETLANKA909090 [29]

Answer and explanation:

Demand elasticity measures the changes in quantity demanded as the result of changes in price. Demand elasticity is calculated by dividing the percentage change in quantity demanded by the percentage change in price. If the result is equal or higher than one (1) the product is elastic but if the result is lower than 1 the product is inelastic.

In the case, as the elasticity of demand of the museum ticket is 0.45 it means the museum tickets is inelastic. This scenario implies that in front of changes of price the quantity demanded will not change. Thus, as a curator of the museum you should increase the museum ticket price to increase revenue.

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3 years ago

Tristan owns a local flower shop. His customers are already finding him online, but he's curious whether Google My Business can

Tema [17]

Answer: By responding to reviews

Explanation:

Google my business can also help Tristan respond to reviews/comments made by customers online about his business. Google my business is a tool which business owners make use of, to make their business easily accessible when searched about online and it provides a section for reviews which a business can respond to.

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3 years ago