Answer:
B. Broad differentiation strategy
Explanation:
Broad differentiation strategy -
It refers to the method to strategize the business or the product in a very unique and innovative manner , is referred to as broad differentiation strategy .
The method is done by trying to adapt new method to present their goods and services , add new features , tries to relate to the likes and dislikes of the consumers .
The method is very helpful for a larger company than for smaller one .
The method is helpful to increase the production of the company , and thereby the profit of the company increases .
Hence , from the given scenario of the question ,
The correct answer is B. Broad differentiation strategy .
Answer:
Status Symbols
Explanation:
According to Oxford dictionary; a status symbol is "a possession that is taken to indicate a person's wealth or high social or professional status."
Hence status Symbols are external displays of the possessors' wealth and social status. These goods can not be possessed by people who do not belong to that social status or profession.
When the price of a good rises, consumers buy a smaller quantity because of the substitution effect and the income effect. A change in the relative prices of goods results in change in consumption of that goods and that is denoted as the substitution effect. T<span>he change in purchasing power on the other hand which also result in change in consumption is referred to as the income effect.</span>
Answer:
$50 and $2
Explanation:
The computation of the total revenue and the marginal revenue is shown below:
Total revenue is
= Price × quantity
= $2 × 25
= $50
And, the marginal revenue is received collected from one unit i.e price of the one units that equivalent to $2
Hence, we simply applied the above formula to determine the total revenue and the marginal revenue
Answer:
conscientiousness
Explanation:
Just finished taking my test this was the correct answer they showed. Ur welcome