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2 years ago

What is the importance of identifying target markets?

Business

2 answers:

Darya [45]2 years ago

5 0

Answer:

Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential

Diano4ka-milaya [45]2 years ago

5 0

Identifying a target market helps your company develop effective marketing communication strategies. A target market is a set of individuals sharing similar needs or characteristics that your company hopes to serve. These individuals are usually the end users most likely to purchase your product.

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At Wegman's, employees are empowered to meet customer needs without seeking a manager's permission. This is an example of

mr_godi [17]

The scenario that's illustrated by Wegman is simply known as A. Job enrichment.

<h3>What is job enrichment?</h3>

It should be noted that job enrichment simply means a process whereby there are different dimensions added in order to make a job more motivating.

In this case, employees are empowered to meet customer needs without seeking a manager's permission abs this is an example of job enrichment.

Learn more about job enrichment on:

brainly.com/question/5948212

6 0

2 years ago

An all-equity firm has a return on assets of 15.3 percent. The firm is considering converting to a debt-equity ratio of 0.30. Th

Elina [12.6K]

Answer:

re 17.4600%

Explanation:

We will calculate using the Modigliani Miller proposition with no taxes to solve for the cost of equity of a levered firm

$r_e = r_u + (r_r - r_b) \frac{B}{S}\\where:\\r_e= $cost of equity\\r_b= $cost of debt\\r_u= $return on assets\\B/S = Debt to Equity$

We plus our values into the formula and solve

$r_e = 0.153+ (0.153 - 0.081)0.3$

re 17.4600%

8 0

3 years ago

Adams Bautista needs $26,700 in 8 years. Click here to view factor tables

alexandr1967 [171]

Answer:

a. $10,783.68

b. $10,510.36 semi annual compounding

Explanation:

a. This question requires the present value of $26,700 given 8 years and compounded annually at 12%.

Present Value = $\frac{Future Value}{ ( 1 + interest)^{number of periods} }$

Present Value = $\frac{26,700}{ 1.12^{8} }$

Present Value = $10,783.68

He would need to invest $10,783.68 today.

b. This is a duplicate of question 1 but I will solve it assuming semi-annual compounding just in case.

12% per annum would become = 12/2 = 6% per semi annum

Number of periods would become = 8 * 2 = 16 periods

Present Value = $\frac{Future Value}{ ( 1 + interest)^{number of periods} }$

Present Value = $\frac{26,700}{ 1.06^{16} }$

Present Value = $10,510.36

He would need to invest $10,510.36 today.

4 0

3 years ago

Marketing programs that track purchases history, personal information and preferences and provide incentives to loyal, repeat cu

Over [174]

Marketing programs that track purchase history and provides incentive to their loyal customers are known as loyalty programs.

The correct answer to this question is option A. Loyalty programs as the name implies are offered to those customers that are found to be loyal to a business.

These types of programs offer special discounts, rewards, as a way to retain these customers and also attract new ones.

Such programs are established to encourage repeat business.

5 0

2 years ago

At the end of a long day, Sabrina, a cashier for a supermarket is counting the paper money. One of the bills falls from the cash

Slav-nsk [51]

Answer:

It is an act of theft and conversion of property that is not her own. However it is not intentional

She should not be convicted

Explanation:

Embezzlement is defined as the intentional managemnet of.funda that are put in the care of a person. This is done in order to have a personal gain from the management.

It is when an individual engages in theft of entrusted funds.

In the given scenario although the cash fell into her bag, she did not intentionally take the money for personal gain.

As this is the main concept of embezzlement, she can't be held guilty of embezzlement

4 0

3 years ago

What is the importance of identifying target markets?​

What is the importance of identifying target markets?