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Gala2k [10]
4 years ago
15

Several years ago, Canadian Sam Holman realized there may be a need for a stronger, more durable wood baseball bat. He went thro

ugh the process of developing the SamBat, a maple bat of precise dimensions. He set a price with a reasonable margin, he decided to take special orders and sell bats directly from his garage, and he promoted the bat with sales calls to professional baseball camps, where ball players could sample the bat. In marketing terms, we recognize that Mr. Holman designed the
A) marketing process.
B) marketing mix.
C) marketing equity.
D) marketing distribution.
Business
1 answer:
Bingel [31]4 years ago
5 0

Answer:

B) marketing mix.

Explanation:

This is a marketing mix that Mr Holman designed. This is the 4P's; Product, Price, Promotion, Place

From this paragraph, you pick the hint from this sections;

  • "He went through the process of developing the SamBat, a maple bat of precise dimensions" -(PRODUCT); the good that fulfills the need in the market.
  • "..He set a price with a reasonable margin" -(PRICE) ; basically, the value of your product
  • "..he decided to take special orders and sell bats directly from his garage"-(PLACE); where your customers will get access to the product; the ideal location.
  • "and he promoted the bat with sales calls to professional baseball camps, where ball players could sample the bat. "- (PROMOTION) ; involves making the product known in the market and it involves advertising, public relations or online marketing.
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3 years ago
Susan can pick 4 pounds of coffee in an hour or gather 2 pounds of nuts. tom can pick 2 pounds of coffee in an hour or gather 4
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Answer: Total earning is $96 for both Susan and Tom

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Susan can pick 4 pounds of coffee or 2 pounds of nuts.

Tom can pick 2 pounds of coffee or 4 pounds of nuts.

Price of Coffee = $2 per pound

Price of Nuts = $2 per pound

Opportunity cost of producing coffee for Susan = 2/4 = 0.5

Opportunity cost of producing coffee for Tom = 4/2 = 2

Opportunity cost of coffee is low for Susan, so she has a comparative advantage in it.

So, Susan produces 6*4 = 24 pounds of coffee, total revenue from sale of coffee is $24*2 = $48

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Opportunity cost of producing Nuts for Tom = 2/4 = 0.5

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So, Tom produces 6*4 = 24 pounds of nuts, total revenue from sale of nuts is $24*2 = $48

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5 0
4 years ago
The opportunity cost of doing or getting something is best and fully defined as:
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Answer: The correct answer is C. The value of the best alternative that is given up in order to do or get something.

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For example, a student may be constrained with limited amount of pocket money, say $100 and the student wants to buy textbooks that cost $10 each or go for different outings going for $20 each. In this scenario, the student has different options: a) buy 10 textbooks and 0 outing b) buy 8 textbooks and a outing c) 6 textbooks and two outings d) 4 textbooks and three outings e) 0 textbooks and five outings. For the student to have any more of the other, he has to give up the other unit. What is given up is called opportunity cost.

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3 years ago
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