Answer:
Width
Explanation:
According to my research on the different terminology used by Retail companies in manufacturing, I can say that this company (Happy Home Products) has a product width of five lines. Product Width is defined as the number of separate product lines offered by a certain company. In the case of Happy Home Products the product width would be detergents, toothpaste, bar soap, disposable diapers, and paper products.
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<u>Answer:</u> They can best be classified as structurally unemployed.
<u>Explanation:</u>
Unemployment which has resulted because of the change in technology that is implemented in a business can be called as the structural unemployment. The skills demanded by the employers differs from the skills offered by the workers.
The casual dining has replaced the employees with tablets which is cost beneficial for the business. The employees who have lost their jobs due to technological change at workplace is called as structural unemployment. Here the casual dining is said to have industrial reorganization for various benefits.
Consumer surplus is difference between the amount that consumers are willing and able to pay for a good or service
In this case, Nicki is willing to pay $1,100 for the camera, but she is only asked to pay 900. So Nicki has a consumer surplus of $200
Answer:
The correct answer is b) market segments.
Explanation:
A market segment is a group of consumers, it is mostly homogeneous either by certain characteristics or by their needs, which are identified as a market that presents similar desires or buying habits and that would potentially respond similar to the strategy developed by the marketing mix.
Through market segmentation you will be able to identify the segment to be served and establish the strategy to achieve it. At the time of segmenting the market you can do so by responding to the strategy you wish to apply:
- Differentiated: taking into account that the segment to be attended is heterogeneous and the product or service to be offered is built to meet the particular needs of each client.
- Undifferentiated: based on the needs that the group commonly responds. Here the product or service satisfies each client corresponding to the indicated segment in the same way.
- Concentrated: it is the most specialized strategy of the three. The idea here is to concentrate efforts in the segment where a strong comparative advantage is achieved.
Answer:
The correct answer is it makes price higher so demand falls, creating excess supply.
Explanation:
In a price floor, their is a floor limit on price. The price level cannot go below this limit. At high price the consumers will demand less, following the law of demand. While the suppliers will supply more, following the law of supply.
So, the supply will be greater than demand creating surplus quantity in the market.