The market segment that is the focus of a firm’s marketing plan is the market mix
<h3>What is marketing plan?</h3>
Markets plan includes all activity that is involved in achieving a certainly goal as regarding market.
marketing mix contains a market plan as it include all actions in marketing a product.
Therefore, The market segment that is the focus of a firm’s marketing plan is the market mix
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Answer:
the fifth game of chess is a different good than the first game of chess.
Explanation:
In this scenario Jackson says that the fifth game of chess gave him more utility than the first game he played. This goes against the law of diminishing marginal utility which states that the utility a consumer gains from consuming a good diminishes as more of the good is consumed.
The logical explanation an economist will give is that the fifth game was a different product than the first game. So the utility between the products are different.
In such a situation it is possible that the utility from the fifth game is higher than that of the first game
Answer:
B
Explanation:
Payback period is the total time it takes an organization to recover the initial capital incurred in acquiring an asset.
It is expressed in years and fraction of years.
Initial investment 20,000
Year 1 3000 17000
Year 2 8000 9000
Year 3 15,000
9000/15000= 0.6 years
The payback period = 2.6 years
The answer is a. buying it.
When people buy goods then it creates a demand and when that demands
lead to more production to meet those demands.
The more the demand for a product or service, the value for it goes up.
