Answer:
Segmentation.
Explanation:
When a toothpaste manufacturer divides the marketplace into smaller targets based on benefits sought by the consumer, this is an example of market segmentation.
Market segmentation can be defined as the process of aggregating potential consumers (buyers) into a collective groups having common or related needs and are most likely to respond similarly to marketing techniques. These consumers share some traits or characteristics together and these include locations, needs, interests,
A good market segmentation base are divided into four (4) and these are; the behavioral, demographic, psychographic and geographical. Also, these variables are used to determine its strategy or techniques for a market segmentation.
Additionally, tailoring goods or services to the tastes of individual customers on a high-volume scale is a segmentation strategy known as segments of one.
Answer:
Producers might offer product guarantees and warranties
Explanation:
In business, lemon problems refers to the problems that might occur during transaction that is caused by different information possessed by the sellers and the buyers
<u>For example,</u>
Let's say that Person A offered to sell 10 lemons for $1. Person B is interested to purchase it since average price for 10 lemons is $2. Person B believed that the transaction is worth it.
But, Person A knows that the Lemons sold is in bad condition before he even sell it. Person B doesn't know this, so when he receive the lemon, the value of the product become lower than he expected.
Offering guarantees can solve this problem. The buyers can obtain their money back if the condition of the product is not as promised by the sellers.
The sales budget and the schedule of cash receipts.
Option B.
<u>Explanation:</u>
Account receivable is the account which consists of the amount that is to be received by a firm for the goods and the services that have been delivered to the customers but the amount and the payment has not yet been received by the firm for the same.
The amount of money that is still to be received can be derived from the accounts having the sales that is done by the firm to the clients.
Answer:
d. consumption, investment, government consumption and gross investment, and net exports.
Explanation:
GDP = PFCE + GFCE + GDCF + NX
By Expenditure method, GDP = expenditure by all sectors of economy - households, private firms, government, rest of world ; i.e :-
Private Final Consumption Expenditure (Consumption) + Government Final Consumption Expenditure (Government Consumption) + Gross Domestic Capital Formation (Gross Investment) + Net Exports
Answer:
c. -3.07
Explanation:
price elasticity of demand = % change in quantity demanded / % change in price
- % change in quantity demanded = (27,000 - 20,000) / 20,000 = 0.35 = 35%
- % change in price = (45,000 - $50,800) / $50,800 = -0.114 = 11.4%
price elasticity of demand = 35% / -11.4% = -3.07 or |3.07| in absolute terms
since the price elasticity is higher than |1|, then it is price elastic, which means that a 1% change in price will change the quantity demand in a higher proportion.
