The business plan's strategy deals with information like promotion, price, and distribution, as well as how the company will contact customers in its target market.
<h3>How do a business reach their target market?</h3>
A marketing strategy is a company's "overall game plan" for reaching out to "prospective customers" or consumers and converting them into customers of their products or services.
A marketing plan includes the "value proposition" of the organization, key brand message, statistics on target customer "demographics, and other high-level elements."
Therefore, strategy is the correct answer.
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There are numerous reasons why it is a good idea to know the engine size of a vehicle. The size of an engine will let a driver know the horespower that the car has. It will also let the person know how much fluids are needed in the car such as oil, transmission fluid, radiator fluid, etc. The size of the engine is also needed when a person goes to buy a battery for the car. The size of the engine is also needed when you go and buy parts for the car.
Answer:
b. revenues minus accounting and opportunity costs.
Explanation:
A normal profit occurs when the amount of profit generated by a company in a given period is equal to the amount of its costs, that is, in this situation the company's profit is sufficient to cover its costs and it manages to continue operating in a market in a way competitive, for this reason the normal profit
The opportunity cost refers to normal profit due to the fact that this is the amount that is equal to zero with respect to economic profit, which is what is necessary for the company to operate when considering the investment made.
Answer:
d. $35
Explanation:
(1) (2) (1) × (2)
No of units Avg total cost Marginal Cost Total Cost
5 units $30 - $150 -
6 units $35 $60 $210
Total Cost for 6 units = 150$ + $60 (marginal cost) = $210
Average total cost = $210 ÷ 6 units = $35
Marginal cost is the change in total cost when an additional unit of output is produced.
Average total cost is the total cost per unit of output produced.
