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muminat
2 years ago
10

When a company determines the most likely people to buy its product are 20-27 year old middle class women, it is

Business
1 answer:
Agata [3.3K]2 years ago
6 0

When a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its: <em>potential customers/market target.</em>

Every product has a specific group of people that share similar characteristics that it can meet their needs. The unique needs of that group of people is what companies and producers focus on to exploit in creating product and marketing strategy for.

Such unique group of people constitute the market target or potential customers for such product.

Therefore, when a company determines that a group of people of certain age range and gender will likely buy its product, it is finding its potential customers/market target.

Learn more about market target on:

brainly.com/question/24967768

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Scarcity exists when there are _______ resources available to satisfy all the competing uses.
tamaranim1 [39]

Scarcity exists when there are limited resources available to satisfy all the competing uses.

<h3>What is scarcity?</h3>

When the demand for a resource or a product is more than its actual supply in the market, such a condition in the market is regarded as scarcity.  For example, in deserted regions there is a scarcity of water.

Hence, the significance of scarcity is aforementioned.

Learn more about scarcity here:

brainly.com/question/13186252

#SPJ1

6 0
2 years ago
The town of Millbridge has just agreed to pay a pension for the town clerk. The pension will be $40,000 per year for the next 20
Mekhanik [1.2K]

The amount that must be put aside now is $458,796.85.

<h3>How much should be put aside now?</h3>

The first step is to determine the future value of the annuity:

Future value = yearly payment x annuity factor

Annuity factor = {[(1+r)^n] - 1} / r

Where:

  • r = interest rate = 6%
  • n = number of years = 20

$40,000 x [(1.06^20) - 1] / 0.06 = $1,471,423.65

Now, determine the present value of this amount:  $1,471,423.65 / (1.06^20) =$458,796.85

To learn more about present value, please check: brainly.com/question/26537392

4 0
1 year ago
Major goals specify what an organization seeking to achieve a/ in the short term.
alexgriva [62]

Answer:

Major goals specify what an organization seeking to achieve

d/in the long term only

Explanation:

Major organizational goals are usually broad and company-wide goals, focused on the long-term.  These goals are further broken down into manageable unit goals that have medium to short-term durations.  In short, major goals are strategic in nature and may embrace the overarching purposes for setting up the organization in the first place.

5 0
2 years ago
The Chinese government purchased U.S. dollars in the foreign exchange market with Chinese currency. During the same​ period, the
Anvisha [2.4K]

Answer:

The value of the US dollar would go up whilst that of the Chinese currency would decrease.

Explanation:

This would be as a result of the market forces of demand and supply, by buying the US dollar the demand for USD would be increasing on the market and therefore the value/price would increase to meet this demand. The Chinese currency would reduce in value because of the excess supply of it on the market, by buying USD with Chinese currency it would flood the foreign exchange market with Chinese currency. However this would be mitigated to some extent by the increase in reserves.

5 0
2 years ago
You earned​ $30,000 in​ 2009, and your salary rose to​ $80,000 in 2018. If the CPI rose from 82 to 202 between 2009 and​ 2018, w
DiKsa [7]

<u>Answer:</u> Option B The purchasing power of your salary increased between 2009 and 2018.

<u>Explanation:</u>

CPI is the acronym for Consumer Price Index. CPI measures the average change in price of the consumer products and services. This can also be called as inflation. The price level that prevails in the economy can be measured and also the purchasing power of the individuals can also be determined.

As in this case the CPI has increased denoting the inflation in the economy. The purchasing power has also increased due to the rise in the salary from 2009 to 2018.

4 0
3 years ago
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