Answer:
± 4.05
Explanation:
Data provided in the question:
Random sample size = 15
Standard deviation = 8
Confidence level = 95%
Now,
Margin of error is given as:
Margin of error = ± [ ( z × s ) ÷ √n ]
Here,
From standard z table for 95% confidence level z = 1.96
Margin of error = ± [ ( 1.96 × 8 ) ÷ √15 ]
or
Margin of error = ± [ 15.68 ÷ 3.873 ]
or
Margin of error = ± 4.05
Answer:
The Correct answer is A
Explanation:
Strategy of low cost is the kind of the pricing strategy, in which the business or organization, offers or provide the products or services at low price. This strategy helps in stimulating the demand as well as gain or acquire the higher market share.
So, the strategy which is competitive and also the low cost provider in the industry work well when:
1. Newcomers in the industry uses at the introductory stage, the low prices so that could attract the buyers.
2. The competition on the price between the rivals sellers is vigorous.
3. The buyer also incur the low costs while switching the purchases from seller to another seller.
4. The product which are commodity grounded prevail as well as has minimal differentiation.
Answer:
In the United States. McDonald’s spends the biggest slice of their budget. The company does many new product trials and innovation in its home country, where it has the biggest audience. The company’s advertising is typically skewed to children in the United States, where McDonald’s produces about 250 ads annually.
In Japan. The company’s ad campaigns are widely different. The Japanese ads are focused on adults as well as children, with some features that are unique to the locale’s culture.
