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Veseljchak [2.6K]
3 years ago
8

Sidney works as a marketer at a fast-paced company selling handheld barcode scanner tools. Most of the sales had begun online th

rough the company website, but lately the company has been receiving requests to purchase it scanners through retail stores. Demand has been increasing, and a new competitor is edging into Sidney’s company’s market. Which area should be Sidney’s next marketing focus in this product's growth stage?
a. price----discounts

b. promotion----costumer communication

c. place----distribution
Business
1 answer:
Oduvanchick [21]3 years ago
3 0

Answer:

c. place----distribution  

Explanation:

Since it is stated in the example that Sidney's customers expressed a wish for the scanners to be sold through retail alongside the online shop, it is clear that Sidney's company faces an issue regarding the distribution channels.

Of course, there is room for improvement, as they have already noted the customer requests for such a distribution channel and they have a steady demand.

To secure (and increase) their existing customer base from the competitor, Sydney's company has to put <u>place and distribution</u> of its products in the marketing focus.

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<em>a. How many fliers do you think the automobile dealership sent​ out? </em>

<em> b. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the expected value of the prize won by a prospective customer receiving a​ flier? </em>

<em> c. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a​ flier?</em>

a) the total fliers sent out = 31,246 + 1 + 1 = 31,248

b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90

c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13

σ = √$25,080.13 = $158.37

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Calculation of Net Income for the Current Period.

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