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Genrish500 [490]
3 years ago
13

"In evaluating a recently implemented positioning strategy, a company s marketing department notes that since the strategy was p

ut in place, the company s customer base has increased but the average spending amount per transaction has decreased. What should the company do in this situation
Business
1 answer:
andreyandreev [35.5K]3 years ago
8 0

Answer: Do nothing and continue to monitoring implementation

Explanation:

 According to the given question, in an organization the marketing department notes that the implementation of the positioning strategy in the company increases the average amount of spending as per the transaction that is reduce.

 The main objective of monitoring implementation is that it effectively monitor the ongoing process and also analyzing the given data on the basis of the given situation.  

 In this type of situation the company continues start monitoring implementation as it helps in evaluating the given data or information systematically and measuring the efficiency of the management.

 Therefore, The given answer is correct.  

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With regard to age segmentation, the tween and teenage cohort following the Millennials is sometimes called
kogti [31]

Answer:

<u>c.</u> Generation Z

Explanation:

7 0
3 years ago
The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether
Airida [17]

Answer:

Note: <em>See missing wordings in attached picture below</em>

<em />

a. <u>2015</u>

Gross profit percentage = [Total revenue - Cost of crude oil and products] / Total revenue

Gross profit percentage = [$225 - $119] / $225

Gross profit percentage = $106 / $225

Gross profit percentage = 0.47111111

Gross profit percentage = 47.11%

<u>2014</u>

Gross profit percentage = [Total revenue - Cost of crude oil and products] / Total revenue

Gross profit percentage = [$242 - $127] / $242

Gross profit percentage = $115 / $242

Gross profit percentage = 0.475206612

Gross profit percentage = 47.52%

Conclusion: Insignia Corporation are likely to earn less gross profit from each dollar of sales in 2016 because Gross profit percentage decreased from 2014 to 2015.

b. <u>2015</u>

Net profit margin = Net income / Total revenue

Net profit margin = $26/$225

Net profit margin = 0.1155555

Net profit margin = 11.56%

<u />

<u>2014</u>

Net profit margin = Net income / Total revenue

Net profit margin = $37/$242

Net profit margin = 0.152893

Net profit margin = 15.29%

6 0
3 years ago
George had a previous balance on his credit card of $330.19 on which he paid $50.00. He
Svetllana [295]
Since it’s a credit card you must subtract 330.19-50.00 = 280.19 then with the fine you add 280.19+4.20= 284.39. So the new balance is $284.39
3 0
3 years ago
In an industry with inverse demand curve pequals420minus2​Q, there are five ​firms, each of which has a constant marginal cost g
Damm [24]

Answer: 20 units.

Explanation:

Given that,

Inverse demand curve: P = 420 - 2Q

There are five firms and each of the firm has a constant marginal cost.

Marginal cost (MC) = 20

Profit maximizing output is produced by the firms is at a point where the marginal cost is equal to marginal revenue.

P = 420 - 2Q

Total revenue(TR) = PQ

                              = 420Q - 2Q^{2}

Differentiating TR with respect to 'Q'

Marginal revenue(MR) = 420 - 4Q

MR = MC

420 - 4Q = 20

Q = \frac{400}{4}

Q = 100

Therefore, output produced by the industry is 100 units.

Per-firm production = \frac{Total\ Production}{Number\ of\ firms}

                                 =  \frac{100}{5}

                                 = 20 units

Hence, each firm produces 20 units.

3 0
3 years ago
Eric's income increased from $40,000 to $50,000 per year. Eric's consumption of tickets to pro football games increased from two
ira [324]

Answer:

By the midpoint formula, his income elasticity of demand for pro football game tickets is equal to <u>+3</u>, and football game tickets are <u>normal</u> goods.

Explanation:

The formula for calculating income elasticity of demand using the midpoint method is:

income elasticity of demand = {change in quantity demanded / [(old quantity + new quantity) / 2]} / {change in income / [(old income + new income) / 2]}

= {2 / [(2 + 4) / 2]} / {10,000 / [(40,000 + 50,000) / 2]} = (2 / 3) / (10,000 / 45,000) = 0.67 / 0.222 = 3

when the income elasticity of demand is higher than 1, the goods are normal goods.

6 0
3 years ago
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