The business cycle goes through four major phases: expansion, peak, contraction, and trough.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products.
Enterprise is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a commercial or non-commercial organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.
The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.
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Answer:
The correct answer is Can help marketers better allocate resources.
Explanation:
To position yourself in the market successfully, you need to select the most beneficial market group for your business and know its characteristics, in order to adapt your product to the requirements demanded by this audience and determine the most appropriate marketing strategies.
The ability to select the target market of your company, that is, that sector of the population that is expected to consume your product or service, is decisive to achieve business objectives and business success.
Market segmentation is a process through which the market is divided into homogeneous groups or segments of consumers, which have a series of similar and significant characteristics for the company.
This segmentation allows to carry out a series of commercial strategies and thus fulfill a double purpose:
- Better meet customer needs.
- Reach the business objectives of the company.
Each organization can select one or more segments as a market goal, for which it will develop different marketing strategies. You can integrate market segmentation with the rest of your marketing tools, so that your strategy is increasingly comprehensive.
It is a case of an ethical dilemma. These are circumstances in which there is a decision to be made between two choices, neither of which settle the circumstance in a morally satisfactory manner. In such cases, societal and individual moral rules can give no tasteful result to the chooser.
CORRECT ANSWER:
An external search.
STEP-BY-STEP EXPLANATION:
Where past experience or expertise is inadequate, there is a high risk of making a wrong buying decision and a low cost of gathering information. We have 3 primary sources.
The primary sources of external information are
1-personal sources
2-public sources
3- marketer-dominated sources
I believe the correct word to fill in the blank is:
“Annually”
Forms which are used in medical practice and the
accompanying medical codes used must always be updated annually to make sure
that they are accurate and precise with regards to the latest practice in the
medical field. This is extremely important especially that we are dealing with
life and death.