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Answer:
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Explanation:
A business office is one which is established by the individuals or governments for the production and distribution of goods and services with a view of earning money by satisfying the consumers.
Answer:
b. The production decisions of a pharmaceutical firm
Explanation:
The production decisions of a pharmaceutical firm is an aspect of microeconomics.
Macroeconomics is a branch of economics that studies the economy
Microeconomics is a branch of economics that studies individuals, firms and households.
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Answer:
false
Explanation:
Market segmentation entails dividing target customers into smaller groupings based on their common shared traits. Segmentation places customers into small manageable groups with similar characteristics such as age, gender, interest, occupation, and geographical location. Customers in the same segment are highly likely to respond uniformly to marketing strategies.
Segmentation enables a business to carry out details research concerning each group. It then offers specific products based on the needs of each target segment.
A market penetration strategy attempts to increase sales of present products among<u> existing customers.</u>
<h3>What is penetration price strategy?</h3>
Penetration pricing is known to be a method that do tries to scatter an already set up market by bringing in a new product or service that is said to be viewed at a lower price to be able to influence as well as entice new customers to by or subscribe to a product or service.
Note that this kind of strategy helps a firm to be able to get the attention of buyers in regards to a target space and a such, A market penetration strategy attempts to increase sales of present products among<u> existing customers.</u>
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