The correct option is C. An organization's target market is the group of potential customers toward whom it directs its marketing efforts.
A goal marketplace, also called a serviceable obtainable market (SOM), is a group of clients within an enterprise's serviceable-to-be-had market at which the enterprise pursues its marketing efforts and assets. A goal marketplace is a subset of the whole marketplace for services or products.
The goal marketplace typically includes customers who showcase comparable characteristics (which include age, region, profits, or way of life) and are considered most probable to buy a business's market services or are probable to be the most worthwhile segments for the commercial enterprise to the carrier via OCHOM.
A target marketplace is a set of human beings that have been identified as the most probable ability customers for a product because of their shared traits together with age, income, and lifestyle.
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Answer:
Option "C" is the correct answer to the following statement.
Explanation:
While deciding where to sell, export and import laws are not insuperable for managers to rely on a country that is a large consumer of goods imported from native countries.
- Many products sold to a foreign investor need no export license. Both products are however subject to the laws and legislation on export control.
- The easiest way to find if an item needs an export license is to verify which authority has control over the commodity you are attempting to sell, or controls it.
The correct answer is false
Answer:
b. comparative advantage
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
For example, if you decide to invest resources such as money in a food business (restaurant), your opportunity cost would be the profits you could have earned if you had invest the same amount of resources in a salon business or any other business as the case may be.
In this scenario, Farmer Jane's opportunity cost of producing corn is lower than Farmer John's, therefore, she has a comparative advantage in producing corn.
Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.
Hence, the comparative advantage gives an individual or country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.
Answer:
d. a deductive argument
Explanation:
Deductive argument is one that is conveyed as the arguer to be seductively valid, and conclusions bare drawn from this argument.
So the argument here is that inner city household interviews are difficult and expensive.
Based on this argument, the fact that we are carrying out substantial inner city household interviews now will mean that they will be expensive.
The truth of the conclusion is dependent on the validity of the first argument.
