Answer:
Place Marketing
Explanation:
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
Answer:
$71,520
Explanation:
we must first determine the monthly payment:
monthly payment = present value / annuity factor
- present value = $608,000
- PV annuity factor, 0.675%, 300 periods = 128.46
monthly payment = $608,000 / 128.46 = $4,732.99
Then I prepared an amortization schedule using an excel spreadsheet. After the 18th payment, the principal balance is $596,005.
The investor will have $667,525 - $596,005 = $71,520
A tradeoff is a balance achieved between two desirable but incompatible feature. So the reasonable answer would be B
Answers with Explanations:
1. What type of market is Huy Fong targeting with its Sriracha sauce?
"Huy Fong's Food Inc." is a company that sells <em>Sriracha sauce</em> made in California. It has also partnered with several companies in order to provide variety of products based on its official flavor.
Since Huy Fong is <u>open to competition with other rivals</u>, it is clear that the company is using the "monopolistic competition" <u>type of market.</u> Hung Fung is not the only company that sells sriracha sauce, other companies like <em>Heinz</em> and <em>Tabasco</em> are also selling the same sauce.
However, it has been branded as the most authentic and original of all. Such <u>uniqueness of the Huy Fung Sriracha sauce</u> makes it<em> stand out from the rest</em>. In this aspect, the company is <em>monopolizing the competition.</em>
2. Of the four categories of segmentation variables, which is most important to Huy Fong's segmentation strategy, and why?
Of the four categories of segmentation variables, "demographic" is the most important to Huy Fung's segmentation strategy. The company's target market are men and women who belong to the<u> age range of 20-30 in the United States.</u>
This is the<em> specific population</em> that the company is focusing on. These people are considered to be<em> budgeting their money</em> and in that sense, they'd be able to afford the sriracha sauce.
Answer:
Product market expansion grid
Explanation:
Product market expansion grid -
It is used to plan for the company , when the company is indeed of expanding , is referred to as Product market expansion grid .
The strategy or information required for the company to increase sale of the goods and services or introducing a new product in the upcoming market , uses this plan.
Hence , from the given information of the question,
The correct term is Product market expansion grid .
