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3 years ago

Marketing segmentation is the combining of several groups to create a larger target market for a company’s goods and services.

Business

1 answer:

Allushta [10]3 years ago

6 0

Answer:

false

Explanation:

Market segmentation entails dividing target customers into smaller groupings based on their common shared traits. Segmentation places customers into small manageable groups with similar characteristics such as age, gender, interest, occupation, and geographical location. Customers in the same segment are highly likely to respond uniformly to marketing strategies.

Segmentation enables a business to carry out details research concerning each group. It then offers specific products based on the needs of each target segment.

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PA12. LO 5.4Complete this production cost report:

Lubov Fominskaja [6]

Using weighted average method

Statement of equivalent units

Material Conversion

Units Units

Units transferred out 70,000 70,000

Add: Closing work-in-progress 25,000 6,250

Average divisor  95,000  76,250

Computation of cost per unit

Material Conversion

$ $

Cost of beginning work-in-progress 3,500 16,000

Cost added 25,000 45,000

Total cost  28,500  61,000

Material cost per unit = $28,500

95,000 units

= $0.30 per unit

Conversion cost per unit = $61,000

76,250 units

= $0.80 per unit

Value of units transferred out

Material = 70,000 x $0.30 = $21,000

Conversion = 70,000 x $0.80 = $56,000

Value of closing work-in-progress

Material = 25,000 x $0.30 = $7,500

Conversion = 6,250 x $0.80 = $5,000

Explanation:

In this case, we will obtain the average divisor by adding the ending work-in-progress to the units transferred out. Then, we will determine the total cost of material and conversion ,which is the aggregate of cost of opening work-in -progress and cost added during the year. We also need to obtain the unit cost of material and conversion, which is total cost of material and conversion divided by the average divisor.

Finally, we will value the units transferred out and ending work-in-progress at unit cost of material and conversion.

8 0

3 years ago

Johnson and Johnson targeted the adult market with its baby powder and shampoo. In _____, Johnson and Johnson increased the cons

andrey2020 [161]

In modifying the market, Johnson and Johnson increased the consumption of the current product.

<h3>What is market modification?</h3>

Market mofification can be defined as the way in the a manufaturer target the market so as to attract potentials customers.

Most producer tend to make use of market modication as a marketing strategy so as to have more advantage over other competitors by reaching their competitors customers and to as well increase sales.

Therefore in modifying the market, Johnson and Johnson increased the consumption of the current product.

Learn more about market modification here:brainly.com/question/27093440

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5 0

2 years ago

A start-up company has developed some innovative products, but it has no marketing or advertising expertise. It hired The Tullen

rewona [7]

The Tullen Group is an example of a marketing intermediary as it is hired to design an advertising campaign that includes creating a web presence.

<h3>What is a marketing intermediary?</h3>

This refers to those independent firms that assist firms in the flow of goods and services from producers to end-users.

A typical example of a marketing intermediary includes:

the agents
the wholesalers
the retailers.

Also, these intermediary also functions as a link between manufacturers and customers in the distribution of products.

Hence, the Tullen Group is an example of a marketing intermediary as it is hired to design an advertising campaign that includes creating a web presence.

Read more about marketing intermediary

brainly.com/question/25689913

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8 0

2 years ago

An individual who has NO prior experience in starting up a business, inheriting a business or purchasing a business.

NemiM [27]

Answer:

i do

Explanation:

is this a question?

4 0

3 years ago

Suppose that, at an official ticket price of $480, there are 6,000 Justin Timberlake fans wanting to attend his concert, but onl

Nonamiya [84]

Answer:

A. The market clearing price of the tickets is more than $480.

Explanation:

Market-clearing price is a level where the quantity demanded of a product matches or the quantity supplied. At this price, A product or service does not experience any surplus or shortages. It is the price where the demand curve and the supply curve intersect. The market-clearing price is the same as the equilibrium price.

As the price of $480, the demand for the show is at 6000, but supply is at 4000. There is a surplus in demand. The price of $480 is attractive to more people than supply can handle. Matching supply and demand would require the price to be set above the $480.

6 0

3 years ago