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3 years ago

By understanding its customers’ needs, which marketing management philosophy is vineyard vines utilizing?.

Business

1 answer:

Harrizon [31]3 years ago

5 0

The philosophy which <em>Vineyard Vines is utilizing </em>by understanding its customers’ needs is known as:

Societal marketing orientation

<h3>Societal marketing orientation</h3>

This refers to the type of marketing where a company makes its marketing decisions based on the long term interests of the society and not just based on current demand.

With this in mind and from the complete text, we can see that Vineyard Vines makes use of this concept to market their goods.

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a retailer has been selling 2800 tablet computers a week at $250 each. the marketing department estimates that an additional 80

Nataly_w [17]

From the given information, The demand function is (P) = -x/8 + 600. The demand function illustrates the causal connection between the quantity of a commodity that is demanded and its numerous determinants.

The demand function is given by P - P1 = m(x-x1)

Since, m = -10/80 (i.e. additional 80 tablets every $10)

P1 = $250, x1 = 2800

So, P - 250 = -1/8 (x - 2800)

P = -1/8 + 350 +350

P = -x/8 + 600

Hence, the demand function (P) = -x/8 + 600

One variable's connection with its determinants is described by the demand function. It explains how much of a certain amount of products is bought at various prices for that good and its related goods, various income levels, and various values for other demand-affecting variables.

There are two categories of demand function:

The linear demand function
Nonlinear Demand Function

Without needing to create a demand function graph, an algebraic formula for constructing demand curves is known as a linear demand function.

Demand function with nonlinearity. The slope of the demand curve (P/Q), in a nonlinear or curved demand function, varies along the demand curve.

Learn more about Demand function, here

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5 0

2 years ago

When Teresa went into the furniture store to buy a new sleeper sofa, she thought the prices quoted by the salesperson were too h

Gnom [1K]

Answer:

c. flexible-price

Explanation:

A flexible pricing policy provides room for the business and the customer to negotiate for the final price of a product. In other words, the price indicated on the item is not fixed. The seller and buyer can agree to alter it either upwards or downwards.

A flexible pricing strategy enables a business to adjust its prices to suit the market demand. It will allow a company to counter low prices by competitors in cases of price wars. In some instances, businesses set slightly high prices to provide for negotiations. Flexible pricing is common, especially in tailor-made products.

6 0

3 years ago

Israel kirzner believes entrepreneurs have a unique capability, which he calls _________ ________, to spot existing opportunitie

Hatshy [7]

Israel kirzner believes entrepreneurs have a unique capability, which he calls entrepreneurial alertness, to spot existing opportunities for businesses.
Israel<span> Meir </span>Kirzner<span> is a British-born American economist. we can define the unique ability of </span>Entrepreneurial alertness that some people have as to recognize competitive limitations or imperfections in markets.

7 0

3 years ago

The stockholders' equity section of the balance sheet for Potawatomi Corporation appeared as follows before its recent stock div

adell [148]

Answer:

Common stock = $110,000

Additional paid-in capital = $130,000

Retained earnings = $170,000

Explanation:

Computation of the given data are as follows:

Common stock after issuing stock dividend = $100,000 + ( 10,000 ×10% × $10)

= $100,000 + 10,000 = $110,000

Additional paid-in capital after issuing stock dividend = 120,000 + ( 10,000 ×10% × $10)

= 120,000 + 10,000 = $130,000

Retained earnings after issuing stock dividend = 150,000 + ( 10,000 ×10% × $20)

= 150,000 + 20,000 = $170,000

7 0

4 years ago

rosijanka [135]

195x6=1170, so he will have 1170 dollars in his college fund by senior year

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3 years ago