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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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the combination of successive stages of production and distribution under a single ownership defines which vertical marketing sy
ale4655 [162]

Corporate vertical marketing system

3 0
1 year ago
You have decided that you want to be a millionaire when you retire in 45 years.
avanturin [10]

Answer:

for rate 11.2  percent ,principal = 8419.47

for rate 5.6 percent , principal = 86123.90

Explanation:

given data

amount wish A = 1,000,000

time t = 45 year

rate r1  = 11.2 % = 0.112

rate r2 =  5.6 % = 0.056

to find out

how much do you have to invest today

solution

we know here amount formula that is

amount = Principal × ( 1+ r)^{t}   ..........................1

here r is rate and t is time so

for rate r1 principal amount is by equation 1 we get

amount = Principal × ( 1+ r)^{t}  

1,000,000 = Principal × ( 1+ 0.112)^{45}  

principal = 8419.47

and for rate r2 principal is from equation 1

amount = Principal × ( 1+ r)^{t}  

1,000,000 = Principal × ( 1+ 0.056)^{45}  

principal = 86123.90

8 0
3 years ago
True or false: Design thinking can help narrow the gap between businesses and customersâ perceptions?
Genrish500 [490]

It is true that Design thinking can help narrow the gap between businesses and customers perceptions

<h3>What is Design Thinking?</h3>

Design thinking refers to procedures use to solve problems or find solutions to problems by placing the customers needs above all.

It is base on observation, how people relate with their environment and use iterative approach to profer solutions to problems.

Therefore,

Design thinking can help narrow the gap between businesses and customers perceptions

Learn more on Design thinking from the link below.

brainly.com/question/24596247

7 0
2 years ago
Prepare the journal entry to record depreciation expense at the end of year 1, assuming the following: (Do not round intermediat
vampirchik [111]
Try adding the first two numbers together then divide
4 0
3 years ago
"Nancy works for a nonprofit organization in which she reports directly to the area director, who reports directly to the distri
guajiro [1.7K]

Answer:

flat divisional structure

Explanation:

Generally organizations can be structured in three different ways:

  1. divisional: the organization is divided into divisions, and each division has its own complete set of resources, e.g. marketing, finance, production, IT, etc.
  2. functional: the organization is divided into departments, and the people that work at each department share similar sets of skills, e.g. finance department, marketing department, production department, etc.  
  3. matrix: combinations of divisional and functional structures

In this case, Nancy reports to an area director ⇒ district director ⇒ CEO

Since the number of layers between Nancy and the CEO (top management) are rather few, we can assume that this is a flat organization, with very few hierarchical levels. On the other hand, tall organizations have many levels, filled with supervisors and middle managers.

6 0
3 years ago
Read 2 more answers
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