Answer:
<h3>A target market is the set of consumers that a company plans to sell to or reach with marketing activities. A target audience is the group or segment within that target market that is being served advertisements.</h3>
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A 4 percent decrease in the price will lead to an increase in the quantity demanded by less than 4 percent.
<h3>What is demand?</h3>
Demand simply means the amount of goods and services that a buyer wants to buy at a particular price and time.
When the demand for product x is inelastic, a 4 percent decrease in the price of x will lead to an increase in the quantity demanded by less than 4 percent.
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Answer: B. $1,050 more than expected.
Explanation:
The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.
Estimated revenue was;
= 30 * 30 * 3
= $2,700
However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.
Number of customers = 30 + 20
= 50 customers
Actual revenue
= 50 * 30 * 2.5
= $3,750
Difference is;
= 3,750 - 2,700
= $1,050 more
That is "True".
For around seventy years, going back to the Great Depression, the legislature forced production constrains on individual tobacco cultivates yet ensured a artificially high cost for the harvest. The strategy kept up order in the tobacco developing business for a considerable length of time and kept numerous little agriculturists alive. At the point when Congress voted a ballot in late 2004 to take out the government's contribution in the business, it was seen as an approach to standardize the cost of tobacco and make U.S. tobacco cultivating more focused over the long haul.
President of the United States