Good customer research is a very important part of the business, because knowing what the customers want and why they want that will help in better sale.Some of the techniques of <span>identifying customers' needs and wants are:
- Interviewing customers
- Conducting voice and customer surveys
- Analyzing your competition
- Interviewing stakeholders and obtaining the data they have
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We can see here that if we assume that Starbucks increased its spending on advertising by 35 percent to increase sales in its current markets. The growth strategy this represents is: (d) Market penetration.
<h3>What is market penetration?</h3>
Market penetration actually refers to the success recorded by an organization or company in the selling of their goods and services to a specific market. Sales volume of the existing goods or services is actually used to measure market penetration.
The options that complete the question are:
(a) Market development
(b) Divesting
(c) Diversification
(d) Market penetration
(e) Product development
Thus, if Starbucks was able to increase its spending on advertising by 35 percent in order to increase sales in its current markets, then they had market penetration.
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Answer: a. 10 utils
Explanation: The marginal utility from consumption of the third unit of goods is gotten by taking the difference between the total utility derived from three units of goods and the total utility derived from two units of goods.
Total utility from three units = 84 utils
Total utility from two units = 74 utils
84 - 74 = 10 utils which is the marginal utility of the third unit.
He should take the option one of sales commission of 3.1% on
each bond. If he takes the 2nd option, he is required to pay 24$ per
bond. But if he takes the ist option, he is required to pay 15.5$ per bond.
88.754 is the market rate. Total investment is of 500$. Multiply the commission
rate with the amount and you get 15.5 $. There is a difference of 8.5 dollars
between the two options.