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mario62 [17]
2 years ago
12

True or False: Market segmentation is the process of dividing the market into groups of customers based on their needs, wants, a

nd characteristics.
Business
1 answer:
nalin [4]2 years ago
3 0

Answer:

true

Explanation:

Market segmentation is the process of dividing prospective consumers into different groups depending on factors like demographics, behavior and various characteristics.

You might be interested in
Assume that sales are predicted to be $4,000, the expected contribution margin is $1,720, and a net loss of $280 is anticipated.
Alexeev081 [22]

Answer:

e)  $4,651

Explanation:

The break-even point is the level of activity that a company must operate to have its total cost equal to its total revenue. At this level of activity, the business makes a zero profit, as the total contribution is exactly the same as the total fixed cost.

It is important for the business to have an idea of the number of customers or units of product to sell inorder for it to cover its total fixed cost. This is the information the break-point analysis seeks to provide.

Working it out

Break-point in sales = Total General fixed cost/ Contribution margin ratio

Contribution margin ratio (CMR): Contribution is sales less variable costs. And the contribution margin ratio is the proportion of sales that is earned as contribution. The higher the better.

CMR = contribution/sales

Fixed cost = Contribution + net loss

We can now apply all these relationships to the question given:

Fixed cost = 1720 + 280

                 = 4,000

Contribution margin ratio = 1720/400 = 43%

Break-even sales ($) = 4000/0.43

                                        = $4,651

3 0
3 years ago
Bessie is at the grocery store and is trying to remember some of the things she needs to buy. She is in the cleaning products ai
Anna007 [38]

Answer: Actual state

Explanation: In simple words, The actual state refers to the way in which a rational consumer actually satisfies his or her needs and wants.

In the given case, Bessie is sure that she has the same product left at home however she does not have any proof. Bessie decides to not purchase the good she already has one, thus, despite of not having a proof she decides to satisfy her wants by not purchasing the bottle.

Hence the correct option is C .

7 0
3 years ago
Typically, the ________ style of leader avoids dominating groups. autocratic laissez-faire authoritarian democratic
aleksklad [387]

Typically, the<u> laissez-faire</u> style of a leader avoids dominating groups.

In French, "laissez-faire" literally means "let someone do what they want". The origins of laissez-faire are associated with his group of 18th-century French economists, the Physiocrats, who believed that government policy should not interfere with the running of the natural economy.

An example of laissez-faire is the economic policies of capitalist countries. An example of laissez-faire is when homeowners can grow whatever they want in their front yard without asking for a city permit. Do not interfere in the affairs of others.

Disclaimer: Learn more about laissez-faire here brainly.com/question/17259480

#SPJ4

3 0
2 years ago
ranfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,0
Snowcat [4.5K]

Answer:

If discontinued, then their operating income will decrease by 168,800

It is a better deal to continue the backpack division active.

Explanation:

sales                  960,000

variable cost    (475,000)

contribution      485,000

fixed cost          (527,000)

loss                     (42,000)

if Dropped

40% of fixed cost are unavoidable

527,000 x 40% = (210,800)

Difference: 42,000-210,800 = (168,800)

5 0
3 years ago
Read 2 more answers
_____ involves comparing the percentage of minorities and the percentage of women employed in each job category to the availabil
lisov135 [29]

Answer:

The correct answer is letter "A": Job group analysis.

Explanation:

Job group analysis is the evaluation carried out by a company to determine the amount of workforce available and the number of job positions required to cover the operations expected. Besides, it considers the diversity present among existing employees based on <em>age, race, gender or ethnicity</em> to mention a few examples.

3 0
2 years ago
Read 2 more answers
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