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2 years ago

Define the market segment and target market

Business

1 answer:

vitfil [10]2 years ago

8 0

The term market segment refers to people who are grouped together for marketing purposes.

Target market is a group of customers with shared demographics who have been identified as the most likely buyers of a company's product or service.

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The large, heterogeneous market from which specific submarkets (market segments) are drawn is called the aggregate market.

Marysya12 [62]

Answer:

False

Explanation:

The large heterogeneous market is a market structure where diverse commodities and services are available to the customers. Overall, large heterogeneous markets are known as 'Mass markets' or ' Total product market'. This market satisfies customer needs due to mass production of distinctive goods. In the large heterogeneous market, customers have different perspectives, wants, choices and nature etc.

8 0

3 years ago

Which of the following could be used as a basis to allocate profits among partners who are active in the management of the partn

grandymaker [24]

Answer:

1, 2, 3 & 4

Explanation:

All of the given options could be used as a basis to allocate the profit among partners. Allocation of salaries is also a basis for profit allocation. Salaries of partner is deducted from the net profit on the basis of predetermined ratio or amounts.

The numbers of years can also be a base for the profit allocation. The partner from the long time could have more share than a new partner but it depends on the agreement of all the partners.

The profit can also be based on the the amount of work work done or time spent by each partner. Some associations and firms use this method to allocate the profit.

The most common method of profit allocation is the capital invested in the business. partners are paid on the basis of what they invested in the business.

5 0

4 years ago

The company has an opportunity to sell 20,000 additional units at $13 per unit. The additional sales would not affect its curren

fiasKO [112]

Answer:

$810,000

Explanation:

incremental revenues = 20,000 x $13 = $260,000

incremental direct materials costs = 20,000 x $2 = ($40,000)

incremental direct labor costs = 20,000 x $4 = ($80,000)

additional overhead costs = $200,000 x 15% = ($30,000)

additional administrative expenses = ($86,000)

incremental net income = $24,000

combined net income = incremental net income + regular net income = $24,000 + $786,000 = $810,000

3 0

3 years ago

A farmer is deciding whether or not to add fertilizer to his or her crops. If the farmer adds l pound of fertilizer per acre, th

uranmaximum [27]

Answer:

b. $20 per pound.

Explanation:

If the farmer adds l pound of fertilizer per acre, the value of the resulting crops rises from $80 to $100 per acre, then the increased value is $20 = ($100 - $80)

So in order to have profit, the cost of 1 pound of fertilizer must be less than the increased value of $20

4 0

3 years ago

Rebecca works for a company that has clearly defined lines of authority. Each employee knows that he or she has authority and re

leonid [27]

Answer:

if it is only one answer then it is E. Responsibility and if to answers it is E. Responsibility and A. Specialization

Explanation:

they both symbolize business

5 0

3 years ago