Answer:
The correct answer is inflation rate
Explanation:
Inflation is a situation where is so much money in circulation but there are few goods to be bought,hence too much pursuing too few goods and services.
The rate at which the prices increase in respond to the problem of inflation is known as inflation rate.
Inflation is a must-have in any economy in order to encourage producers to produce more, but a single digit inflation rate is what is desirable not double digit such 25% which translates into hyper-inflation
<u>Full question:</u>
The Ritz-Carlton has carefully created a strong and distinctive differentiation strategy, which is supported by everything the company says, is, and does. Which type of differentiation is this?
A. People differentiation
B. Product differentiation
C. Image differentiation
D. Services differentiation
E. Channel differentiation
<u>Answer:</u>
Image differentiation is this.
<u>Explanation:</u>
Image Differentiation as an origin of competitive advantage, a firm may differentiate itself from its opponents by image; the appropriate image or 'oneself' it procures is designed by its logo and additional symbols. A differentiated image accommodates at paying out from the crowd. Image differentiation is necessary for a company or product.
A powerful image builds the product’s quality and value proposition, it distinctively carries this character and it abandons emotional power behind a mental image. Image differentiation helps labels earn an aggressive edge over their rivals.
Answer: C. sales promotion
Explanation:
Flowrider used coupons which are quite a popular method of Sales Promotion. Sales Promotion refers to strategies used to increase sales such as discounts and sampling.
Coupons are a type of discount as shown in the question that allow for customers to receive discounts on purchased goods if they have said coupons. As they are a discount and are meant to increase sales, they are a method of Sales Promotion.
