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vovikov84 [41]
3 years ago
7

Andrew opened a fast-food restaurant on the corner of First and Main Streets in a small town. He named the restaurant The Hambur

ger Place. He offered one type of hamburger (a juicy homemade hamburger), for which he designed a marketing mix for the entire hamburger-eater market in town. What approach did he use in choosing a target market?
Business
1 answer:
schepotkina [342]3 years ago
7 0

Answer:

Undifferentiated

Explanation:

Andrew has applied an undifferentiated marketing mix approach. The undifferentiated techniques is a type of marketing mix approach that centres around a whole target market. This procedure utilises a single marketing mix which consists of one item, one value, and one situation . This approach is initiated to attain maximum customers in a specific target market within a short spam of time.

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Syd is an economist putting together an economic model to predict the outcome from particular causes and effects in the economy.
Sholpan [36]

Answer:

The correct answer is (B)

Explanation:

Economists are helpful to predict future economic and financial phenomenon’s.  In that regard, statistical or mathematical models are considered more appropriate and it is said that they provide better results. In the above scenario, Syd is attempting to construct an economic model for that, the suitable technique to examine the cause and effect to predict the outcomes are mathematical functions. The reason is that mathematical models are more appropriate to predicts cause and effect.

8 0
3 years ago
When managers work on creating conditions and systems to ensure that everything and everyone works together to achieve the organ
SVETLANKA909090 [29]

Answer: Organising

Explanation: Organising in management involves the role a manager plays to ensure that things are working effectively in an organization and that every department in the organization are working at their maximum best. In organising the manager puts everything in place for the smooth running of the organization.

7 0
3 years ago
Assume that you manage a risky portfolio with an expected rate of return of 12% and a standard deviation of 39%. The T-bill rate
Shtirlitz [24]

Answer:

y = 50 %

Explanation:

As per the data given in the question,  computation are as follows:

Expected return = y × expected rate of return for portfolio + (1 - y) × rate of T-bills

By putting the value from the given data in the above formula, we get

0.09 = y×0.12 + (1 - y)×0.06

0.09 = 0.12y + 0.06 - 0.06y

0.03 = 0.06 y  

y = 0.50

= 50%

4 0
3 years ago
For some years now, you’ve owned a small specialty bookshop in a college town. You sell some textbooks but mainly cater to a bro
frutty [35]

There is a hope and there is a business strategy that might yet save the store " book selling strategy relied upon investing in, and trusting, in staff "  

Explanation:

Here is the example story of British indie bookstore owner:

In 2018 the days of the last big retail store in the United States seems to have been numbered. A decade of sales losses, traumatic lay-offs, 150 store closures, six CFOs and a 1 billion-dollar loss on its e-reader from Nook has left the company in the midst of an identity crisis.

In the recent decade, Daunt has emerged as an unexpected salvator for bookstores for large-scale businesses and is now accountable at Barnes&Noble for the rebirth of Waterston, the British retailer of about 300 branches. In a world where Amazon offer unspeakable convenience and costs, large book retailers can prosper only if they behave more like independents. His plan for recovery is based on a simple assumption.

Investment and confidence is the foundation of Daunt's bookselling strategy. "The secret to successful employers is retaining them long-term, building up careers, training them businesses."

The staff at Daunt Books know what makes customers feel like they're in a readers ' culture. They follow those principles: never prescribe more than three books at a time, so that the consumer is not frustrated. Do not just hand out your own preferences when anyone asks for a recommendation. First of all, say, "What was the last good book that you read?"It is more likely to appreciate somebody who enjoys Tana's French mysteries than the next Thomas Pynchon.

7 0
3 years ago
Laser World reports net income of $620,000. Depreciation expense is $47,000, accounts receivable increases $11,000, and accounts
Alexeev081 [22]

Answer:

$629,000  

Explanation:

The net cash flow from operating activities is the net income plus depreciation, minus the increase in accounts receivable as well as the decrease in accounts payable.

Net income is                               $620,000

depreciaton  expense                    $47,000

Increase in accounts receivable   ($11,000)

decrease in accounts payable     ($27,000)

Net cash flow from operations    $629,000  

The increase in accounts receivable denies the business of additional cash,hence it is deducted ,the same applies to increase in accounts payable

4 0
3 years ago
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