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Mumz [18]
2 years ago
12

Suppose the Chester company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing

costs and passing the savings to the customers, what strategy would they be implementing
Business
1 answer:
goldenfox [79]2 years ago
8 0

Answer: c. Niche cost leader

Explanation:

Niche marketing is when a company focuses on a particular market or good. It is usually done to become more efficient in that niche such that one can dominate the market and become more profitable.

When Chester focuses on these markets with the aim of reducing costs, they are trying to be a cost leader in this niche which means that they are trying to produce at the least cost so that they can charge cheaper prices and capture more market share in this particular niche.

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Suppose that you are the vice president of marketing for Target, the large retail store chain. You want to keep your website and
marysya [2.9K]
<h2>wireless payments from mobile devices.</h2>

Explanation:

Now the trend is cashless. Everybody has smart phones and people are willing to pay through various money transfer application. So according to the given situation Vice president should choose wireless payments from mobile devices.

Option A: Correct answer

Option B: Social media application can only be used to promote product and not payment so far.

Option C: Desktop will still be present since it is not only mobile apps that is existing. May are using websites for payment

Option D & E: invalid choice.

5 0
3 years ago
1. Of the 540 seniors at Lake City High School, 35% are going on a school trip. If the buses ordered for the trip seat 42 studen
bearhunter [10]

Answer: 1. 5 buses 2. 15%

Explanation:

7 0
3 years ago
During the ________ era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising a
Vilka [71]
Hello There!

<span>During the selling era, the prevalent business philosophy turned from an emphasis on production to an emphasis on advertising and selling.</span>

Hope This Helps You!
Good Luck :) 

- Hannah ❤
8 0
3 years ago
Ben says that "an increase in the tax on beer will raise its price." Holly argues that "taxes should be increased on beer becaus
Grace [21]

Answer:

B. Holly's statement is normative, but Ben's is positive.

Explanation:

Positive statements are based on objective deduction of what is, or was. It is based on facts. Ben's comment "an increase in the tax on beer will raise its price", is an example of positive statement.

Normative statements are subjective and based on individual values and judgement. In her statement Holly appears to be biased against drinking much. She says "taxes should be increased on beer because college students drink too much." Is a normative statement.

7 0
3 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per year forever with the first
Tju [1.3M]

Answer:

They should invest $5,119,047.619 today.

Explanation:

The trust fund will pay a fixed amount forever thus it is a perpetuity. The value of perpetuity or Price of perpetuity is the amount that the perpetuity is worth in today's terms based on the cash flows it will generate in future.

The formula for the value or price of perpetuity is,

P0 or V = Cash Flow / r

Thus,

P0 or V = 215000 / 0.04   =  $5,119,047.619

7 0
3 years ago
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