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maksim [4K]
2 years ago
10

Tamekia reports that the market leader in the TZX mitt category has 60 percent of all sales in the market and spends $240,000 a

year, or 60 percent of all advertising expenditures, to support the brand. Under the share of market/share of voice system, Great Catch should be prepared to spend at least ________ if it hopes to achieve a market share of 30 percent.
Business
1 answer:
Zina [86]2 years ago
7 0

Answer: $120000

Explanation:

Share of voice refers to the measure of the exposure that a particular business gets when it's being compared to other competitors. The share of market is the percentage of a market that a company earns.

From the information given, since 60% of the market sales equate to $240000 spent a year, then in order to achieve a market share of 30%, ½ of $240000 will be spent which is $120000. Therefore, Great Catch should be prepared to spend at least $120000 if it hopes to achieve a market share of 30 percent.

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Mandarinka [93]

If you decide to advertise in a newspaper, the tip that could be used to help you write an effective and attractive ad is to create a headline that catches your target audience's attention, as this is the first contact with your ad that may cause interest in advertising.

Some tips for writing an effective ad in a newspaper are:

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In a newspaper, it is effective to use advertisements that portray urgency, opportunity, and calls to action.

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3 0
2 years ago
Lexi buys a food processor and uses it without any problems. She loans the processor to Jill, and Jill is injured when a part fl
Damm [24]

Answer:

Jill cannot hold the manufacturer responsible for her injury.

Explanation:

The above question is incomplete as there are several answer options which are listed below;

• Jill can hold the manufacturer liable for her injury as long as Lexi was in the room when she got

• Jill can hold the manufacturer liable for her injury

• Jill cannot hold the manufacturer responsible for her injury

• Lexi can hold the manufacturer liable for Jill's injury.

The above answer - Jill cannot hold the manufacturer responsible for her injury, is true according to the rule of privity of contract. The rule states that a person who is not a party to a contract does not have right to sue or be sued and to enforce the obligations arising from the contract, unlike a person who is a party to the contract.

With regards to the above scenario, Lexi, who buys a food processor is the party to the contract here, hence can sue and be sued in case of any injury suffered by her, however, Jill whom food processor was loaned to, is the third party here, hence not covered by the rule of privity of contract.

7 0
2 years ago
How is elasticity related to the revenue from a sales tax?
diamong [38]

Answer:

The correct answer is (d)

Explanation:

Elasticity means a change in price will change the supply or demand more than the price change. If the demand is inelastic, then the increase in price will increase the tax revenues because the demand will not change much compared to the price change. Likewise, this phenomenon is the same in the case of supply; the increase in taxes will decrease the overall quantity supplied, which will decrease the overall tax collection or tax revenue.

8 0
2 years ago
What happens to the peasant who cannot pay his tax in grain?
nataly862011 [7]

The King or Queen that's ruling during the time will choose what they want to do.

A. Kill Him

B. Ban Him

C. Humiliate Him

D. Put Him In Prison

7 0
2 years ago
Daniel loves sales because he responds well to the pressure he faces in the many new or uncertain situations he encounters as a
saul85 [17]

Answer:

The answer is: analytical decision making style

Explanation:

Analytic decision makers like to examine a lot of information before making a decision. In order to make a decision they will try to rely on their direct observation, different data sources and all the the facts they can gather. It is common for them to seek help from others to help them make a decision. They have a high tolerance for ambiguity but still like to control most aspects of their decision making process. The biggest issue with this kind of approach is the long time it takes.  

8 0
2 years ago
Read 2 more answers
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