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frozen [14]
4 years ago
8

When managing the promotion mix, marketers are utilizing technology to deliver important information directly to the customer. f

or example, during the spring planting season, home depot and lowes added qr codes to plants. when scanned with a mobile app, customers could make better buying decisions. the bar code offered information on planting time, watering schedule, and other pertinent tips on each plant. home depot even ran a commercial to let its customers know how it was using technology to assist them with their spring planting decisions. whether using new promotional methods or traditional promotional methods, home depot:?
Business
1 answer:
Nikitich [7]4 years ago
8 0
<span>The strategy that is being used here is known as the pull strategy. The reason for this is that the marketing directed the business message directly to consumers. The pull strategy is used by marketing teams in order to advertise directly to the consumer, not through other channels. This way, the consumer is (ideally) going to hear the message and then purchase the item or service directly from the business.</span>
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The Caesar Park Hotel generally caters to business customers during the week, so weekends are relatively quiet. The hotel has de
V125BC [204]

Answer:

It is trying to cultivate non peak demand. (B)

Explanation:

Non Peak demand are Minimum demand, hence in the case of Ceasar Park Hotel, they decided to promote mini vacation weekends for non business customers as a way of increasing the demand of their services during the weekends.

The Ceasar Park Hotel, observed that the weekends are relatively quiet, thus, they introduced 'the mini vacation weekends', as a way of 'cultivating non peak demand'.

7 0
3 years ago
Steve went to his favorite hamburger restaurant with $3, expecting to buy a $2 hamburger and a $1 soda. When he arrived, he disc
Serhud [2]

Answer:

the decrease in price increase the demand.

Explanation:

Steve is a consumer of goods, his demand will increase if the price drops. In this case, the hamburgers price decrease so it demand increases too.

This makes his consumer surplus increase as well, as he was willing to pay up to $2 per hamburger, receiving 2 at 1 dollar genrate an additional consumer surplus for $2 dollars

6 0
4 years ago
A 5 percent increase in income leads to a 10 percent in the quantity demanded for a service. This service is a(n)_____good, an t
Charra [1.4K]

Answer:

A) normal; elastic

Explanation:

As we know,  

1. Perfectly inelastic = When elasticity is zero

2. Inelastic = When elasticity is below than one

3. Unitary elastic = When elasticity is equal to one

4. Elastic = When elasticity is above than one

5. Perfectly elastic = When elasticity is in infinity  

And, the income elasticity of demand would equal to

= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)

= (10%) ÷ (5%)

= 2%

As we see that the income elasticity of demand is more than one which represents the elastic plus in normal good it shows a positive relationship between the income and quantity demanded and the elasticity also comes in positive.  

3 0
4 years ago
B. what is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?
AveGali [126]

Answer:

The answer is Surplus is equal to zero.

Explanation:

Suppose if P  = 1$.

Q = 101, Qs = 79

Where as monthly surplus  = 79 - 101

Monthly surplus = -22

_22 means negative surplus which can also be interpreted as zero surplus.

3 0
4 years ago
According to the invisible hand theory, efficiency is dependent on the activity of interacting in free markets
AfilCa [17]

The invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.

<h3>What is invisible hand theory?</h3>

This refers to the tendency of the market prices to direct an individuals into pursuing their own self interests into productive activities which consequently promote economic well-being of society.

Hence, the invisible hand theory states that the <u>wealth of nation</u> is dependent on the activity of interacting in free markets.

Read more about invisible hand theory

<em>brainly.com/question/3078419</em>

#SPJ11

6 0
2 years ago
Read 2 more answers
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