Answer:
The correct answer is the option D: tout differentiating features and charge a premium.
Explanation:
To begin with, the concept known as <em>''broad differentation strategy''</em> in the world of business refers to the process where the company focus in selling a product that stands out from the others and therefore the company makes its good an unique one by having something especial.
In the case presented, the marketing emphasis of a company pursuing a broad differentation strategy usually is to tout differentiating features and charge a premium due to the fact that those unique features will the make the product of the company a different one from the others and even though that they will charge more the customers will still choose the product if the see that there is no equal.
Answer:
C. Nonprice methods of rationing emerge.
Explanation:
Since the landlords can only rent the apartments on the regulated price, no matter how high the demand nor how low the supply, it is inevitable that certain rationing model would appear, that is not based on the cost of the apartment.
Perhaps the landlords would prioritize families to move in to their apartment, or maybe the landlords would prioritize individuals who are not from out-of-state. It is also possible to prioritize by other aspects, such as gender or race.
In the bank reconciliation they will need to add the difference to the company’s cash balance. They subtracted too much (541-514 = $27 difference) from their cash balance. They need to add $27 to their cash balance so that it will be correct and balance with the bank.
Answer: Option D
Explanation: In simple words, buying center refers to the group of individuals in an organisation or a family that collectively thought and makes decision regarding buying a certain commodities for specific objectives.
These individuals are responsible for giving the best deals regarding the purchase and managing the timeliness and ensuring the quality of the order made. There are five main roles in a buying center which are influences, buyers, deciders, gatekeepers and initiator.
Buying centers are important for an organisation as they provide a base line for the marketeers as to what message the organisation has to convey regarding its product in the market as their purchase decision directly affects the quality and other such characteristics of the product.
Answer:
monopolistic competition
Explanation:
Based on the scenario being described within the question it can be said that the gizmo market is best described as a monopolistic competition. This is a type of competition that is not perfect, mainly because many producers tend to sell their products that have very specific differences making them unsuitable substitutes of one another.
