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lesya [120]
3 years ago
5

What needs are being met by the product purchase? What are the benefits to the consumers? Make sure that you differentiate betwe

en features and benefits; go beyond manifest motives and consider latent motives.
Business
1 answer:
krok68 [10]3 years ago
7 0

The correct answer to this open question is the following.

Unfortunately, the question does not include the product purchased so we can have all the information needed.

However, we can help differentiate between features and benefits.

Features simple are the stated qualities that the product promise to consumers. Features are the statements that tell the clients the characteristics of the service or the product offered. That's it. It does not mean that the statements are completely true or can satisfy the client's necessities.

On the other hand, the benefits are the motives why people buy the service or the product. This information tries to appeal to the customer by explaining the reasons to buy the product. If the benefits are clearly stated they an important reason that the client is going to consider purchasing the product.

The more attractive the benefits, the more prone the consumer will be to proceed.

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What's pricing strategy
Sedaia [141]

Answer:

<em>A pricing strategy takes into account segments, ability to pay, market conditions, competitor actions, trade margins and input costs, amongst others. It is targeted at the defined customers and against competitors.</em>

Explanation:

A business can use a variety of pricing strategies when selling a product or service. To determine the most effective pricing strategy for a company, senior executives need to first identify the company's pricing position, pricing segment, pricing capability and their competitive pricing reaction strategy

7 0
3 years ago
Read 2 more answers
In the circular flow of income A. households buy goods and services and firms supply goods. Resources are supplied by other firm
Alla [95]

Answer:

D. households demand goods and services that are supplied by​ firms, while supplying resources that are demanded by firms.

Explanation:

The circular flow of income shows how money moves in an economy. Firms pay households for resources needed in production. The money flows back to firms when households demands goods and services from firms.

I hope my answer helps you

8 0
3 years ago
Cost-Volume Profit Analysis Recline Company is planning to produce and sell 11,250 units of its only product at a unit price of
Anarel [89]

Answer:

Calculate Recline’s contribution margin ratio.  

Contribution Margin RATIO  34%

Calculate the break-even point in sales dollars for Recline.    

Break-Even Point  $1.030.556

Explanation:

  • The contribution margin it's determined by the total amount of Gross Profit divided by the total value of sales. To this case $405,000/$1,192,500 = 34%

      Income Statement

11.250       Quantities

$106          Unit Price

$1,192,500 Sales

-$787,500 Cost of goods sold

$405,000 Contribution Margin  34%

-$281,250 Fixed Cost

$123,750 Operating Income

  • The Break Even point it's when the Operating Income is equal to zero, it means the lowest level of sales the company can afford and not loss money.

 BREAK EVEN POINT

9.722        Quantities

$106         Unit Price

$1,030,556 Sales

-$787,500 Cost of goods sold

$243,056 Contribution Margin

-$243,056 Fixed Cost

$0            Operating Income

5 0
3 years ago
What are the challenges in entrepreneur?<br>​
tester [92]

Inadequate capital. Entrepreneurs do not have enough money to venture into sectors they are willing to.

Marketing strategy. They do not know the best way to advertise their products.  

It takes days or weeks to get the right people to work for you.

8 0
3 years ago
Why do so many new products fail? Give your opinion
ratelena [41]

Answer:

BECAUSE THEY SUCK

No jk

Explanation:

About 30 to 45% of new products fail to deliver any meaningful financial return. This typically happens due to a number of reasons, from poor product / market fit, failure to understand customer needs (or fixing a non-existing problem), to a lack of internal capabilities.

4 0
3 years ago
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