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enot [183]
3 years ago
15

Determine your targetarket​

Business
1 answer:
mart [117]3 years ago
7 0

Answer:

A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.

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A manager of a perfectly competitive firm observes that the marginal product of labor is 5 units per hour, the marginal product
oksian1 [2.3K]

Answer:

The manager should hire <u>more labor</u> and <u>rent less capital</u>.

Explanation:

Given:

MPL = Marginal product of labor units per hour = 5

MPC = marginal product of capital units per machine = 40

PL = Wage per hour = $20, or 20

PC = Rental price of capital per machine = $120, or120

Po = Price of output per unit = $5

The condition for the profit maximization for a firm is as follows:

MPL / PL = MPC / PC ……………………………. (1)

From equation (1), we have:

MPL / PL = 5 / 20 = 0.25

MPC / PC = 40 / 120 = 0.33

Since 0.25 = MPL / PL < MPC / PC = 0.33, it implies that these conditions are NOT consistent with equation (1).

In order to maximize profit, more labor should be hired while less capital should be rented until these conditions are consistent with equation (1).

Therefore, we have:

To maximize profit, the manager should hire <u>more labor</u> and <u>rent less capital</u>.

3 0
3 years ago
When the amount paid for land is $36,000 and the amount paid for expenses is $10,000, the balance in total assets after transact
sergejj [24]
<span>The balance in total assets after the transaction is $36,000. This is because expenses are not assets. An asset must have value, meaning that it can be either be sold, or that the consumption of it will garner income. Expenses such as taxes or legal fees cannot later be sold or consumed for income.</span>
3 0
3 years ago
The ________ model highlights the primary or support activities that add a margin of value to a firm's products or services wher
ikadub [295]

Answer:

A. value chain

Explanation:

  • The value chain is a model that highlights the primary or support activities that add to the margin of the values of products and services and can be best applied to have a competitive advantage and delivers a value product to the market.
7 0
3 years ago
What may happen if your job does not require you to use the aptitudes you possess?​
Viktor [21]

Answer:

<u>they will be underused and learning new interests may become necessary.</u>

<u>Explanation:</u>

Aptitudes usually refer to a person's inborn abilities or talents which include their mental and physical skills.

For example, If Mr. John knows how to sing but finds himself working as an IT specialist for a Security company, there is a high tendency that he will underuse his singing abilities and be more interested in learning IT skills than if he was working for a Radio station.

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3 years ago
An interaction between the case manager and the client that consists of specific questions asked in a designated order is
Brut [27]
Structured clinical interview. But I could be wrong
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