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m_a_m_a [10]
3 years ago
9

"Gathering information from potential customers in an effort to determine their preferences is an example of using statistics in

the field of ________."
Business
1 answer:
nadya68 [22]3 years ago
4 0

Answer:

Marketing Research

Explanation:

Marketing Research

This is the process of investigating collecting , analyzing and interpreting informatiom about a market of a particular product or service to be rendered for sale in the market , and about the past, present and potential customers for the product or service; research into the characteristics, their spending habits, location and needs of your business's target market, the industry as a whole, and the competitors you face

Accurate information about your customers needs will ensure the sales of your product and service.

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Red Carpet Inc. is a small apparel store started by an aspiring designer. The store needs to compete against larger, well-establ
KatRina [158]

Answer:

The answer is: Red Carpet should try to focus on niche market segments.

Explanation:

A niche market is part of a greater market, but its focus is set on very specific products. The niche market has very specific market needs that need to be targeted by very specific products.

Usually niche markets are targeted by high priced products since normal broad range products or services will not satisfy their specific needs. For example, vegan restaurants are more expensive than McDonald's or Pizza Hut.

Since niche markets are small, usually big multinational corporations don't pay attention to them.

5 0
3 years ago
Other things equal, an increase in productivity will Multiple Choice reduce aggregate supply and increase real output. reduce bo
leva [86]

Answer:

increase both aggregate supply and real output.

Explanation:

A rise in productivity makes it possible for each and every firm to rise the greater amount of output. due to this  aggregate supply will rise which will lead to increase in the real output.

Also the rise in productivity increase the aggregate supply and the AS curve would be shifted to right that rise the real output but reduce the level of the price in the new equilibrium output level

Therefore the above represent the answer  

6 0
3 years ago
The total length of your apartment is 30 feet and the total width is 20 feet. What is the total area of the apartment?
gavmur [86]

Answer:

The answer should be 600

Explanation:

30x20=600

6 0
3 years ago
Is a measurement of the way suppliers respond to a change in price
KengaRu [80]

Answer:

Elasticity

Explanation:

Elasticity of supply is a measure of the way suppliers respond to a change in price.  

Good Luck!

3 0
2 years ago
When economists talk about the "standard of living," they are generally referring to:?
zimovet [89]
<span>The economists are usually referring to people that is the performance of baby boomers and older employees in general prior to their retirement years and also the level of overall well-being enjoyed by an economy. 0 the amount of savings and skill an economy has achieved. On the level of government involvement in the economy's production of goods and services. 0 the amount of money that an economy has formed to spend.</span>
8 0
3 years ago
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