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alexandr402 [8]
2 years ago
14

Choose an existing product or service (not the same as your Course Project), and write a one-page summary that answers the follo

wing.
Who are the target customers? What do the target customers want? What other products, companies, or disruptive technologies is it competing with? Does the company that produces it have a customer-focused culture? If so, how? If not, how would you recommend it do so?
Business
1 answer:
vitfil [10]2 years ago
8 0

Answer:

Apple Iphone.

Target customers are the wealthy class of the society, the target customers are mostly in search for a good brand name when they want to buy something, Apple Iphone is mostly competing with Samsung where both make additions to the phones for new features according to the customers needs. I think Apple is not having a customer focusing culture because the most recent launch of the phone only comes with a phone and the charger for the phone is to be purchased separately, they present this change as environmental friendly but the customers need to buy a charger when they buy a phone which can be frustrating. Apple can include the charger with the phone and combine the price for both as the customers are not looking for lower prices in fact they are looking for a good brand.

Explanation:

Apple Iphone.

Target customers are the wealthy class of the society, the target customers are mostly in search for a good brand name when they want to buy something, Apple Iphone is mostly competing with Samsung where both make additions to the phones for new features according to the customers needs. I think Apple is not having a customer focusing culture because the most recent launch of the phone only comes with a phone and the charger for the phone is to be purchased separately, they present this change as environmental friendly but the customers need to buy a charger when they buy a phone which can be frustrating. Apple can include the charger with the phone and combine the price for both as the customers are not looking for lower prices in fact they are looking for a good brand.

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Bakers are much ___________ likely to supply pastries to the market if property rights are not enforced. In the presence of mark
Gwar [14]

Answer: more; externality; market power.

Explanation:

Bakers are much (more) likely to supply pastries to the market if property rights are not enforced.

a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream. - Externality

Externality, refers to the benefit s or costs that someone else incurs based on the economic decision of another person. In this case, this is a negative externality as the small town bears the cost of the production activities of the company.

b. A single public utilities company is responsible for supplying electricity for an entire state. As a result, the utilities company can set the price of electricity - Market power

Market power is when a firm is able to dictate the price and can then raise the price. This brings about the reduction in output as well. Since the single public utilities company is responsible for supplying electricity for an entire state, the company is enjoying monopoly power or market power.

8 0
3 years ago
The amount of goods or services that consumers are willing and able to buy is determined by
RoseWind [281]
The best answer is "C" or demand. Consumers will buy more or less depending on the demand. 

I hope this helps!
<em>~cupcake</em>
5 0
3 years ago
Qriosity inc. comes out with a new antivirus program and prices it at half price to attract buyers. the company is using _______
Talja [164]
<span>The company is using market-penetration pricing.</span>
6 0
3 years ago
Someone who provides you with recommendations related to your money and investments would be called a...
IgorC [24]
Investor is the answer. Hope this helps!
3 0
4 years ago
Candy Company had sales of $320,000 and cost of goods sold of $112,000. What is the gross profit margin (ratio of gross profit t
Strike441 [17]

Answer:

The gross profit margin of Candy Company is 65% (second option)

Explanation:

The gross profit margin is defined as:

Mg = (sales - costs) / price of sales  

If for Candy Company the cost are $112,000 and sales $320,000 then the gross profit margin is:

Mg = ($320,000- $112,000) * 100% / $320,000  =  

Mg = $208,000 * 100% / $320,000  =  0.65 * 100%

Mg  =  0.65 * 100%  

Mg  =  65%  

6 0
3 years ago
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