Answer:
A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.
Explanation:
Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded. Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.
Answer: Market segmentation
Explanation:
Market segmentation is when a market is being divided based on the customers needs. Customers with similar characteristics or needs are grouped together.
Market segmentation helps a business in reaching customers with similarbjeeds quicker and this leads to improvement in satisfaction and customer relationships. This is the method used by Fast fine foods.
The answer is "<span>Marketing stimuli".
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Stimuli refers to any materials or things which are used to provoke respondents in a market research setting. Stimuli might be physical, (for example, an item) or sound/visual, for example, a film or site.Stimuli are for the most part visual, sound-related, composed or material and are utilized to expand customary interviewing methods, planning to guide respondents to concentrate on the key research point with no verbal or direct inciting and to request a response.
Answer: (C) Perceived value
Explanation:
The perceived value is the term which is basically refers to the marketing terminology in which the users or the consumers evaluates the products and the services ability so that it meets their specific requirement and the needs.
According to the question, Stanley is basically purchasing the pen based on the perceived value based on his expectations. It is also helps in analyzing the actual quality of the given products by comparing with the other brands.
Therefore, Perceived value is the correct answer.
1) Skills is the ability to listen.
2) Understand the mission and goals of their company and what their responsibilities are.
