B2B marketing usually involves more personal selling so less amount is spent on advertising.
<h3>What is B2B(Business to Business) Marketing?</h3>
- B2B is short for “business to business.” It's a business model in which the companies involved create products and services for other businesses.
- This typically occurs when a business is sourcing materials for their production process for output,
- i.e. providing raw material to the other company that will produce output.
<h3>What is B2C( Business to Consumer) Marketing?</h3>
- Direct-to-consumer or business-to-consumer is the business model of selling products directly to customers and thereby bypassing any third-party retailers, wholesalers, or any other middlemen.
So Generally, less money is spent on advertising in b2b markets than in b2c markets because B2B marketing usually involves more personal selling.
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Answer:
O C. Production
Explanation:
Production is the organized activity of combining different materials (inputs) to make consumable goods and services. It is the process of converting resources to finished products and services for sale. Production occurs to meet the demand for the goods and services in the market.
Entrepreneurship involves the generation of an idea and transforming it into a profitable business. Factors of production are the inputs necessary for making goods and services. These factors of production (inputs) are the ingredients in the production process.
Answer: There will be an effect as there might be labor shortage.
Explanation: Minimum wage is the least renumeration pay that can legally be paid by employers to their workers. It is a price floor method below which employees can't sell their labor. When a minimum wage is imposed by the government, firms are not allowed to pay less than the wage rate mandated by the government.
If the minimum wage is set below the equilibrium wage rate, quantity of labor reduces in comparison to the quantity demanded by employers. If the least paid person is paid $16 per hour and the government imposes a minimum wage of $10, There will be a shortage of labor because most people won't like to work as a result of the lower income. It also leads to lack of motivation among workers.
Answer:
a. 1.25
Explanation:
Calculation for the minimum process capability index (Cpk)
First step is to calculate the USL which is Upper Specification limit
Upper Specification limit=103+0.75
Upper Specification limit= 103.75
Second Step is to calculate the LSL which is Lower Specification limit
Lower Specification limit = 103-1.75
Lower Specification limit= 101.25
Last step is to calculate the minimum process capability index (Cpk) using this formula
Minimum Process capability index= [(M-LSL)/3sd; (USL-M)/3sd]
Where,
Actual Mean = M=103
Standard deviation= sd= 0.2
Hence,
Minimum Process capability index= 1.25
Therefore the minimum process capability index (Cpk) will be 1.25
I believe the correct perspectives a business can use in
this case are:
“Profitability and Strategic Fit”
<span>Profitability refers to the degree in which a business
gives off profit or financial gain. While the Strategic Fit expresses the scale
to which an organization is matching its resources with the prospects in the
external environment.</span>