When a product has relatively elastic demand, reducing the price can be an effective way for marketing managers to gain a competitive advantage. However, there are potential downsides to this approach.
One potential downside is that reducing the price can lead to a reduction in the perceived value of the product. Consumers may begin to think that the lower price reflects a lower quality product. This can ultimately lead to a decrease in demand and a reduction in profitability for the company.
Another potential downside is that the reduction in price can attract price-sensitive customers who are less loyal and less likely to become repeat customers. This can result in a decrease in the long-term profitability of the company.
Finally, reducing the price can also lead to a price war with competitors, where each company tries to undercut the other on price. This can result in a race to the bottom, where all companies involved suffer from reduced profitability and a devaluation of the product.
In summary, while reducing the price of a product can be an effective competitive tool, it is important for marketing managers to carefully consider the potential downsides and ensure that the strategy is sustainable and profitable in the long-term.
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When advertisers want to reach the same audience more than once, they are concerned with ______.a. humorb. targetc. frequency
When advertisers want to reach the same audience more than once, they are concerned with frequency.
What is frequency?
Frequency refers to the number of times an ad is exposed to the same audience during a certain period. It is a key concept in advertising because it allows marketers to ensure that their message reaches their target audience, and it is frequently used in the context of media planning and buying to maximize the impact of advertising campaigns.
How does frequency help advertisers?
Frequency helps advertisers by increasing the chances that their message will be noticed, remembered, and acted upon. By exposing their target audience to their message more than once, advertisers can reinforce their brand, build trust, and create a lasting impression that will drive sales and boost brand loyalty.
How to calculate frequency?
Frequency can be calculated by dividing the total number of impressions by the total number of people in the target audience. For example, if a campaign generated 10,000 impressions and reached 5,000 people, the frequency would be 2. This means that the average person in the target audience saw the ad twice during the campaign.
What are the benefits of frequency?
There are many benefits to using frequency in advertising campaigns. For one, it helps to reinforce the message and create a lasting impression. It also helps to build trust and credibility with the target audience, as well as increase brand loyalty. Additionally, it can help to drive sales and generate more revenue for the business. All of these factors contribute to the overall success of an advertising campaign, and make frequency an essential component of any marketing strategy.
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TRUE OR FALSE 27) Identifying the stakeholders—people who have a vested interest in the outcome of the decision—is the last step in analyzing an ethical issue.
Identifying the stakeholders—people who have a vested interest in the outcome of the decision—is the last step in analyzing an ethical issue. The statement is false.
Analyzing ethical problems is a systematic approach that examines moral decisions in any case or circumstance. It consists of a sequence of actions used to identify problems.
The majority of those affected by moral harm or any ethical imbalance are stakeholders. Stakeholders are individuals who have an ownership stake in the outcome of the decision. Acknowledging stakeholders is the first step in recognizing an ethical issue.
Therefore, the statement is False.
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if charhofe was able to increase sales at a greater rate than cost of goods sold, how would gross margin percentage be impacted?
If Charhofe increases sales at a greater rate than cost of goods sold, the gross margin percentage would increase.
Gross margin percentage is the percentage of revenue that remains after deducting the cost of goods sold (COGS). It is a measure of a company's profitability and efficiency in managing its production costs.
If Charhofe is able to increase sales at a greater rate than the cost of goods sold, it means that the revenue generated from sales is increasing at a higher rate than the cost of producing those goods. This would result in a higher gross margin percentage.
For example, if Charhofe's sales increased by 10%, but the cost of goods sold only increased by 5%, the gross margin percentage would increase because the revenue generated from the additional sales would exceed the additional cost of producing those goods.
This would result in a higher percentage of revenue remaining after deducting the cost of goods sold, which would be reflected in the gross margin percentage.
In general, a higher Gross margin percentage is a positive indication for a company as it suggests that the company is effectively managing its production costs while generating more revenue from its sales.
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When Heinz introduced its ketchup globally, it first had to deal with the fact ketchup is not a household staple outside the United States. Heinz had to show foreign users how ketchup can be used. Globally, Heinz has had to rely primarily on _____ advertising to convince consumers to want the product.
Answer:
informative advertising :)
Explanation:
Heinz had to "inform" its customers about ketchup and how it's used
What kind of data do you get from a survey asking open-ended questions?
A.
Quantitative data
B.
Faulty data
C.
Qualitative data
D.
Numbers-based data
The answer is C. Qualitative data
Mary wants to invest in a security that is sold in the stock market. If she wants the highest diversification, what should Mary do?
a. Purchase individual bonds
b. Purchase exchange-traded funds
c. Purchase individual stocks
d. Purchase mutual funds
Option b is correct. Mary wants to invest in securities that are sold on the stock market. If she wants the most diversification, she should buy exchange traded funds.
A diversification portfolio mixes different types of assets and investment vehicles to limit exposure to individual assets or risks.
The rationale behind this technique is that portfolios made up of different types of assets will, on average, produce higher long-term returns and reduce the risk of a single investment or security. To lower portfolio risk, diversification is a strategy that integrates various investments.
Investing in several asset classes, such as equities, bonds, real estate, and cryptocurrencies, is the most popular way to diversify one's portfolio.
Investing in securities from various nations, industries, business sizes, or maturities for income-producing securities can also achieve diversification.
Most frequently, asset pair correlation coefficients are used to quantify diversification.
Investors can either self-diversify by investing in their chosen investments or hold diversified funds that self-diversify.
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
1. Who is an Antagonist?
Answer:
It's the person in the story who is kind of the 'bad guy'
Explanation:
They oppose the main character
Answer:
Hope it helps
Explanation:
a person who actively opposes or is hostile to someone or something; an adversary.
Which of the following factors will affect the overall supply of hats, a normal good, in the entire market? Please select two correct answers. Select all that apply: ✓ higher textile costs O a decrease in overall consumer income O lower prices for trademarked logos O a drop in the price of a competitor's hats
The market for hats, a common product, will be affected by an increase in textile costs and a decrease in prices for trademarked logos.
What is the definition of logos?Aristotle, a renowned philosopher, was one of the first to identify logos as a powerful persuasive strategy. He identified it as one of the four key strategies, alongside ethos, pathos, and kairos. In his book The Art of Rhetoric, Aristotle defined logos as "reasoned discourse," in which a writer or speaker uses facts, examples, and other evidence to support their claims. Logos is an appeal to logic and reason and is a crucial aspect of effective argumentation.
One of the key elements of logos is building a logical and rational connection with the audience. This is done by presenting a clear and logical progression of evidence that supports the main claim. Logos is present in almost all arguments to some level and is an important tool for convincing others of your point of view. It is a strategy that requires the use of evidence and reason to support the claim, making it one of the most powerful persuasive techniques.
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In you opinion, what is a business?
Answer:
a business is a organazation organized by a single perons or group in order to propfit from the business to grow the business to become susceful. Many Buisness are created everyday for example: Online businesses , You-Tube Channels, Inst-agram Accounts, Sound-Cloud rappers,etc. Some business may be more effecient that others. Business is an organization where people work together. In a business, people work to make and sell products or services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things. It works on regular basis.
What factors would the Marketing department need to consider when creating an advert❓❓❓
Answer:
1.weather
2.type of product
3.festival or period
4.means of advertising or communication
5.amout of consumers
6.markat value
Explanation:
hope it helps
Mort Silver owns a home. He estimates his expenses as mortgage interest, $10,180; property taxes, $3,690; insurance, $833; depreciation, $3,800; maintenance and repairs, $900; lost interest income, $2,375; and utilities, $2,450. He expects to save $3,700 in income taxes. What is his net cost of home ownership?
Answer:
$17,528.00
Explanation:
The net cost of home-ownership will be the expenses minus savings.
Mortgage interests: $10,180
Property taxes :$3,690
Insurance :$833
Depreciation :$800
Maintenance and repairs :$900
Loss interest income :$2,375
Utilities: $2,450
The total expenses
= $10,180 + $3,690 + $833 + $800 + $900 + $2,375 + $2,450
=$21,228
Savings
=$21,228 - $3,700
=$17,528.00
How is the housing industry related to the economy? If the economy is doing well, what types of homes are being constructed and purchased? What if the economy is doing badly? Other than housing, what additional industries might the economy impact?
The housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
What is housing industry?An housing industry is an industry that encompasses building of housing. construction, engaging in commercial housing activities etc.
Generally, when an economy is doing well, it will be favorable to build house of high value as its gives higher confidence in the industry and economy,
Also, the additional industries that impact an economy includes Healthcare, Technology, Retail, Manufacturing industry etc
In conclusion, the housing industry have important relation with the economy because its prices can impact residential investment and thus, affect the economic growth.
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How does the words business,product,service,revenue ,expense and profit have an relationship
Answer:
A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.
Which of the following is a benefit
of taking out a short-term debt?
A. Less flexibility.
B. Less time to pay the debt off.
C. Lower interest rates.
Lower interest rates are a benefit of taking out short-term debt.
A hobby price is the amount of hobby due consistent with duration, as a percentage of the amount lent, deposited, or borrowed (called the major sum). The total interest on an amount lent or borrowed depends at the most important sum, the interest charge, the compounding frequency, and the length of time over which it is lent, deposited or borrowed. The annual interest charge is the rate over a length of twelve months. Other hobby charges are practice over exclusive periods, which include a month or an afternoon, but they're generally annualized. The interest fee has been characterized as "an index of the desire . . . For a greenback of present [income] over a greenback of destiny profits."[1] The borrower wishes, or desires, to have cash quicker as opposed to later, and is willing to pay a fee—the interest charge—for that privilege.
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Patrick is interested in opening a different account that will allow him to write a few checks each month for a fee per check, but he is unable to maintain e minimum balance. He should open aln) 00:2432 Multiple Choice Regular savings account. Activity checking account. Interest-earning checking account. Share draft account. Passbook account
Patrick should open a Share draft account. The correct option is D).
Patrick should open a Share draft account. This type of account is suitable for individuals who want the convenience of writing a few checks each month but cannot maintain a minimum balance.
Share draft accounts are commonly offered by credit unions and are similar to traditional checking accounts. They allow account holders to write checks for various purposes, such as paying bills or making purchases, while charging a fee per check.
Unlike regular savings accounts or passbook accounts, which typically focus on saving and may have restrictions on check writing, the share draft account provides Patrick with the flexibility he needs for check transactions without the burden of maintaining a minimum balance. The correct answer is D).
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Joy is considering adding a rack of greeting cards to her product offerings at Crawford Books Limited. Joy would need to buy a display rack, which will cost her $400. She can buy a carton of 250 cards for $500. She is thinking of selling the cards for $4. 00 each. At that price, Joy's breakeven point would occur at _________ cards sold.
A. 400
B. 300
C. 200
D. 100
100 sold cards would be the breakeven point for Joy.
The total costJoy would have to spend $400 on a display rack and $500 on a carton of 250 greeting cards if she wanted to sell them at Crawford Books Limited, the place where she works. In order to break even, she would need to sell 100 cards at a price of $4 each. She would therefore need to sell 200 cards in order to turn a profit. Her profit would be $250 if she managed to sell all 250 cards.
If Joy wanted to sell greeting cards at Crawford Books Limited, she would have to spend an additional $400 on a display rack and $500 on a carton of 250 cards. She would need to sell 100 cards at a $4 each price point in order to break even. Therefore, 200 cards would have to be sold for her to make a profit. If she managed to sell all 250 cards, she would make a profit of $250.
Joy will eventually need to compare the potential profit to the price of the display rack and the cards, as well as the additional costs connected with adding this product line. She will be able to decide with confidence whether or not to include the rack of greeting cards in her product lineup by taking into account all of these factors.
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whats Alana current budget is and create a proposed budget so that she can achieve her savings goals (10 marks - TI). Assume that Alana makes $530 a month. Be sure to:
· calculate her budget surplus OR deficit is (current and proposed)
Answer:G tyyyy jhccfvvhh
Explanation:
Hjhdfuiijjhfcdrg g
donatello’s pizza is known for its quick service. to make a pizza, employees must prepare the dough and add the sauce and toppings. cooking happens next, followed by packaging. in this scenario, the employees of donatello’s pizza are engaged in
Answer:
Work Processes
Explanation:
You are an HR consultant. Which of the following would likely be one of your suggestions for measuring the effectiveness and success of a company's recruitment plan?
Answer:
Access the results of variius recruitment strategies used.
Answer:the person who commented the answers is wrong its
Explanation:
1.d
2b
3c
4a
5b
6d
7c
8b
9a
10a
The question says.. What is Medicare?
Medicare is a federal health insurance program in the United States that provides coverage to individuals who are 65 years or older, as well as to some younger people with disabilities or certain medical conditions.
What is Medicare?It was established in 1965 as part of the Social Security Act and is funded through payroll taxes, premiums, and general revenue.
Medicare has four parts: Part A covers inpatient hospital stays, skilled nursing care, and hospice care; Part B covers doctor visits, outpatient care, and preventive services; Part C, also known as Medicare Advantage, offers alternative options to receive Medicare benefits through private insurance companies; and Part D provides prescription drug coverage.
Medicare has helped millions of Americans access affordable healthcare, but it does not cover all medical costs, and beneficiaries may be responsible for certain out-of-pocket expenses.
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write short notes by Napier bone
Answer:
Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.
Personal finance skills have the most significant impact on an individual’s
Answer:
quality of life.
Explanation:
Financial skills are those skills that help to manage finances, maintain financial stability, etc. These skills are usually acquired by financial analyst, financial managers, accountants, etc.
Personal financial skills are the same, but having such personal skills helps one to maintain personal financial flow. It enhances ones quality of life. A person who aquires personal financial skills will be able to maintain the budget, will be able to know right things and ways to spend money on, will have low debts tensions, etc.
Thus the correct answer would be 'that the person will have a quality of life.'
Answer:
C: Quality of life
Explanation:
on edge2021! hope this helps!~ (*^▽^*)
This OS was created by a developer named Torvalds. Linux Mac Unix Windows
Answer:
Linux.
Explanation:
Linus Torvalds is a Finnish computer programmer, creator of the Linux operating system kernel in 1991. Torvalds began developing his project through research done in a particular way during his spare time, using his own computers, tools and spare parts, and taking the Minix operating system as a starting point, seeking to create his own operating system to use on his own personal computers. Finally, as a result of this development, Torvalds created the largest and best-known open software operating system today.
Say that you and your friends Terry, Bobby, Lindsey, and Peyton enter a raffle with 50 other people and prizes are received at each drawing. Determine the probability that
(a) you win the first three prizes if winning more than one prize is allowed.
(b) you win the fifth prize, Bobby wins the eight prize, Lindsey wins the tenth prize, and Terry wins the 50th prize if no one can win more than one prize. .
(c) your friends win the first four prizes and you win the 56th prize if winning more than one prize is allowed.
(d) your friends win the first four prizes and you win the 56th prize if no one can win more than one prize.
The probability of winning the first 3 prizes is 0.000006010518407. The probability of winning rth prize is 0.000001480060623. The probability of 56th can't be found as there are only 55 participants.
The total number of participants is 55
a) Probability of winning the first 3 prizes is
(1/55)*(1/55)*(1/55) = 0.000006010518407
b) winning rth prize is r/(n-r+1)
The required Probability is
(1/51)*(1/48)*(1/46)*(1/6)
= 0.000001480060623
c) & d) is not possible as the total number of participants was 55, so there is no 56th prize.
The area of mathematics known as probability deals with the outcomes of random occurrences. Probability refers to a result's chance or potential. It clarifies the likelihood that a specific occurrence will take place. We frequently say things like, "He will probably pass the test," "There is very little chance of getting a storm tonight," and "Most likely the price of onions will increase once more."
We substitute the term probability for every instance of chance, uncertainty, maybe, probable, etc. in these statements. In essence, the probability is the capacity to anticipate an outcome based on the variety and quantity of potential possibilities or the analysis of historical data.
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TRUE OR FALSE
A laissez-faire style leader will communicate goals to employees but then allow them to choose how to complete them
Answer:
The Answer is gonna be False
This is the right Answer :3
I hope you are having a great day ❤️❤️❤️❤️❤️❤️
Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to return products that were stale and out of date, the couple decided to try out VeggiesNmore, a chain store that recently opened in town. Both Amy and Jack must move through each stage in the marketing funnel before becoming loyal customers.
Jack has shopped at VeggiesNmore. He was happy with the experience and thought that this could be an alternative to GreenFoods. However, he is also keen to try out other stores in the neighborhood. He is in the ________ stage of the marketing funnel as far as shopping at VeggiesNmore is concerned.
a. aware
b. open to trial
c. most often used
d. nonrejecter
e. regular user
Answer: B) Open to Trial
Explanation:
When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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when is subsidy necessary in comodity supply
Answer:
A subsidy is a benefit given to an individual, business, or institution, usually by the government. It is usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public, given to promote a social good or an economic policy.
Explanation:
how many meters are in one hectometer
Answer:
100
Explanation:
Hope this helps!
Merry Christmas.
Answer:
Explanation:
100