Answer: The answer is "b. A group of individuals with different product requirements".
Explanation: The definition of a market segment refers to a homogeneous and large group of consumers that can be recognized within a market, who have similar desires, buying habits, and who will react similarly to the power of marketing.
Answer:e) uncertainty avoidance
Explanation:
Uncertainty Avoidance refers to how people of different cultures respond to changes or the unknown based on their level of tolerance.
People of different cultures respond or reacts differently when unplanned situations occurs.
Uncertainty Avoidance relates to the level to which individuals of a particular community are comfortable with uncertainty and the unknown.
People who belong to cultures with high uncertainty avoidance try to reduce the occurrence of unknown circumstances and to proceed with careful changes step by step by planning and by implementing rules and regulations. They have very low tolerance for change WHILE people who belong to low uncertainty avoidance culture accept and feel comfortable in unplanned situations and try to have as few rules as possible. They have high tolerance for change.
The borrower will get a late fee for not paying on the due date.
Answer: C. The ATC curve eventually slopes upward because average variable cost eventually increases
Explanation:
The Law of Diminishing Marginal Returns causes the Average Total Cost curve to eventually slope upwards because the Average Variable Cost will increase.
Why?
At first, with production increasing, a firm will be very efficient at producing a certain good thereby driving the cost down per unit. As time goes on however, the law of Diminishing Marginal Returns comes into play as more is invested into the business. The cost per unit will therefore rise which will lead to the ATC curve going upwards.
I have included a simple graph to illustrate.
If you need any clarification do react or comment.
Explanation:
Recall the quote in the "first step" section of this site, "You can manage, what you can measure; you can measure, what you can define; you can define, what you can understand". ... It helps us build a clear understanding of a concept or a phenomenon so that it can be unambiguously measured.
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