Answer: c. Product differentiation
Explanation: Product differentiation attempts to distinguish a firm's products or services from that of competition. It is a marketing strategy that involves the creating and designing products so customers perceive them as different from competing products and as such can help create competitive advantage for the firm as well as building brand awareness.
1905
At the end of the 19th century, it was German sociologist and author of The Protestant Ethic and the Spirit of Capitalism (1905), Max Weber who was the first to use and describe the term bureaucracy. This is also known as the bureaucratic theory of management, bureaucratic management theory or the Max Weber theory.
Answer:
Identifying the target audience
Explanation:
The targeted audience are very important in any business,any business will try as much as possible to reach the largest number of people to purchase their products.
To what extent will people who are more aware of a brand be more likely to purchase it? Exposure and awareness can be measured whereas the sales and profit impact of advertising is very difficult to measure. Attitude change measurement is difficult but feasible.
From this Nora will be exposed to a bigger market when decided to go with advertising at the sporting event.
Answer:
Output and employment will increase exerting modest upward pressure on the price level.
Explanation
In simple words, the increased demands for the good would work as an incentive for the producer to produce more and they can also lower their cost of production by producing in mass which will further lead to economies of scale.
More production means more requirement of workers which will eventually lead to more employment opportunities in the country. However, this increase would lead to modest increase in prices due to more purchaser power in the country.
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