In this particular scenario, the dairies are making an effort to change the way that adults perceive chocolate milk, and they want to reposition it in the minds of their customers.
The term "repositioning" refers to the process of moving a product's position in the mind of the client in relation to the benefits that the product provides. It is a very difficult and nuanced procedure due to the fact that the brand or product needs or requires changing the way in which the market views the product. Repositioning is the process of changing how a product or service is understood or perceived by a particular market. This can be done to attract new customers or retain existing ones.
The positioning of a product is determined by the customers' perceptions of the product's qualities and their judgments of the product in respect to competing products. Consequently, repositioning requires making significant adjustments to the way the target market perceives the product. Repositioning is not always easy, especially for companies that have established names and faces within their customer base.
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Answer:
NPV = $49,234.16
Explanation:
The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good investment project and a negative figure implies the opposite.
NPV of an investment:
NPV = PV of Cash inflows - PV of cash outflow
<em>Present value of cash inflows:</em>
A × 1-(1+r)^(-n)/r
A- annual cash inflow-20,000 r-rate of return-10%, n-number of years-6
PV of cash flow = 20,000 × (1.1)^(-6)/0.1 = 87,105.21399
<em>PV of scrap value</em>
F× (1+r)^(-n)
F- scrap value
= 2,000× 1.1^(-6)= 1,128.94
Initial cost = $39,000
NPV = 87,105.21399 + 1,128.94 -39,000= $49,234.16
NPV = $49,234.16
Answer:
b. They are not specific
Explanation:
The main problem with service quality standards such as "be nice" or "do what the customers want" is that they are not specific. An individual may think that they are being nice, while another person may take that behavior as being sarcastic or "having an attitude". The same goes for "do what the customer wants" since there are things that an employee is not allowed to do at all.
For imports:
You import when there is lack of production in your own country
or when another country offers a cheaper price and/or better quality good than your own country's industry
for exports:
production surplus.
Answer:
B. consumption bundles
Explanation:
Customer preference is defined as the likes and dislikes that a customer has that determines his choice in making purchases.
For exams a customer may want to buy shoes that are black in colour, but shoes that are yellow in colour are ignored.
Preferences of buyers are independent not prices and income level.
Rather it is dependent on consumption bundle. That is the set of goods that will give highest satisfaction to the buyer.
