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svetlana [45]
3 years ago
8

Businesses adopt and identify target markets for their products to: a. maximize the impact of the cost of marketing. b. coerce p

eople into buying products they do not need. c. adopt consumer-friendly pricing strategies such as price skimming for new products. d. collect information from the external marketing environment.
Business
1 answer:
NeTakaya3 years ago
6 0

Answer: maximize the impact of the cost of marketing

Explanation:

The target market is a particular group of consumers that the advertisement of a product or service is typically aimed at.

Businesses adopt and identify target markets for their products to maximize the impact of the cost of marketing. When the target market for a product or service has been known by a company, the business can find the most efficient and effective strategy to advertise their product. This will help in the minimization of cost of marketing.

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Kent Manufacturing produces a product that sells for $64.00 and has variable costs of $35.00 per unit. Fixed costs are $348,000.
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Answer:

The contribution margin per unit is $33.50

Explanation:

The contribution margin per unit in the case when the machine is purchased is shown below:

= Selling price per unit - variable cost per unit

= $64 - ($35 - $4.50)

= $64 - $30.50

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hence, the contribution margin per unit is $33.50 and the same is to be considered

We simply applied the above formula

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