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love history [14]
3 years ago
13

In an attempt to increase sales during a lagging economy, Macy's has increased its advertising and sales promotions for its curr

ent products to stimulate sales in its current markets. Which growth strategy is Macy's employing?
A. Product development.
B. Market development.
C. Market penetration.
D. Diversification.
E. De-marketing.
Business
1 answer:
lilavasa [31]3 years ago
3 0

Answer: Market Penetration.

Explanation:

Macy is making use of sales promotion and adverts, which aims at increasing their market penetration. Market penetration involves the measures put in place by a business to increase their market presence and gain customers.

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GrogVix [38]

Answer:

Explanation:

The journal entry is shown below:

On July 1

Treasury stock A/c Dr $5,280

        To Cash A/c $5,280

(Being purchase of treasury stock for cash is recorded)

The computation is shown below:

= Number of shares purchased × cash price per share

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Explanation:

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Assume a​ Cobb-Douglas production function of the​ form: q equals 10 Upper L Superscript 0.33 Baseline Upper K Superscript 0.75.
Gnesinka [82]

Answer:

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Explanation:

From the question, we have the following restated equation:

q=10L^{0.33} K^{0.75}

Where q is the output, and L and K are inputs

To determine the types of returns to scale, we increase each of L and K inputs by constant amount c as follows:

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