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kkurt [141]
2 years ago
9

A boat-cleaning company needs to increase its number of clients. It walks through segmentation and targeting exercises and disco

vers that the identified target segment is not addressed in its current marketing mix. What question were they trying to answer by conducting targeting and segmentation activities?
Business
2 answers:
UkoKoshka [18]2 years ago
7 0

Answer:

What am I trying to sell

Explanation:

sertanlavr [38]2 years ago
5 0

Marketing of a boat cleaning company needs to account for targeting a segment of population that owns boats.

Explanation:

Here, in simple terms, the marketing strategy is missing the people it was supposed to target for their marketing.

The company working in the niche has to target boat owners specifically, which the marketing fails to do.

<u>Segmentation is an activity in which a wide net of marketing population is marketed to and then the clients are filtered out.</u> This is not a very effective method but it was essentially trying to <u>find which people look out for the service the company provides.</u>

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Structuring a Keep-or-Drop Product Line Problem with Complementary Effects Shown below is a segmented income statement for Hicko
MAVERICK [17]

Answer:

Contribution margin for :

    STRIP PLANK     Income Statement

$ 360,000  $ 190,000 Total Net Sales

-$ 225,000 -$ 120,000 Variable Cost

$ 135,000    $ 70,000 Contributing Margin

It's more effective to keep the parquet product line, the company get

an extra return of $5,000.

Explanation:

With all the product line operating these are the results:

STRIP PLANK PARQUET Total Income Statement

$ 400,000 $ 200,000 $ 300,000 $ 900,000 Total Net Sales

-$ 225,000 -$ 120,000 -$ 250,000 -$ 595,000 Variable Cost

$ 175,000 $ 80,000 $ 50,000 $ 305,000    Contributing Margin

-$ 5,000  -$ 20,000 -$ 50,000 -$ 75,000 Machine Rent

-$ 15,000 -$ 10,000 -$ 20,000 -$ 45,000 Supervision

-$ 35,000 -$ 10,000 -$ 25,000 -$ 70,000 Depreciation

$ 120,000 $ 40,000 -$ 45,000 $ 115,000 Segment Margin

If the company keeps the parquet line will get worst result during the year.

STRIP PLANK PARQUET Total Income Statement

$ 360,000 $ 190,000 $ 0,000 $ 550,000 Total Net Sales

-$ 225,000 -$ 120,000 $ 0,000 -$ 345,000 Variable Cost

$ 135,000 $ 70,000 $ 0,000 $ 205,000 Contributing Margin

-$ 5,000 -$ 20,000 -$ 10,000 -$ 35,000 Machine Rent

-$ 15,000 -$ 10,000 $ 0,000 -$ 25,000 Supervision

-$ 35,000 -$ 10,000 $ 0,000 -$ 45,000 Depreciation

$ 80,000 $ 30,000 -$ 10,000 $ 100,000 Segment Margin

6 0
2 years ago
Josef often camps with his friends in the woods. he responds to an advertisement for a tent that can be set up with ease, provid
timama [110]
Maslow's<span> hierarchy of </span>needs is theory in psychology that is focused on the needs p<span>eople are motivated to achieve.It is a five-tier model.</span><span>
According to Maslow's need hierarchy, the advertised benefits of the product appeal to Josef's psychological, security, and safety needs.​</span>
7 0
2 years ago
Read 2 more answers
Barry and his wife Mary, have accumulated over $3.5 million during their 50 years of marriage. They have three children and five
Olegator [25]

Answer:

$224,000

Explanation:

The money which Berry and Mary gift to their children and grand children in 2017 without any gift tax liability is as follows:

Children:

According to the policy, they can gift up to $14,000, without gaining any gift tax liability.

So, amount given by them is $14,000 x 3 (number of children) x 2 (Barry and Mary) = $84,000

Grandchildren :

According to the policy, Barry and Mary can gift up to $14,000 without gaining any gift tax liability.

So, amount given by them is $14,000 x 5(number of children) x 2 (Barry and Mary) = $140,000

And therefore, the total amount of estate removed from Barry and Mary's estate is as follows:

$84,000 + $140,000 = $224,000

7 0
2 years ago
Angela will need $2000 in three years so that she can take a cruise vacation with some of her friends. She just received a large
Gemiola [76]

Answer:

$1,883.81

Explanation:

To calculate this, we use the formula for calculating the present value (FV) as follows:

PV = FV ÷ (1 + r)^n ……………………………………………. (1)

PV = Present value or the amount to invest in the CD = ?

FV = future value or the amount needed in three years = $2,000

r = interest rate = 2% annually = 2%/4 quarterly = 0.5% or 0.005 quarterly

n = number of period = 3 years = (3 × 4) quarters = 12 quarters

Substituting the values into equation (1), we have:

PV = 2,000 ÷ (1 + 0.005)^12 = 2,000 ÷  1.0616778118645 = $1,883.81

Therefore, Angela should invest $1,883.81 in the CD.

4 0
2 years ago
San Ruiz Interiors provides design services to residential and commercial clients. The residential services produce a contributi
Sliva [168]

Answer:

If closed the operating income  will decrease by 50,000

Is a better scenario to continue with the residential sercives

Explanation:

<em><u>current scenario:</u></em>

contribution margin 450,000

Fixed Cost 480,000

net loss 30,000

<em><u>drop scenario:</u></em>

contribution margin = 0

fixed cost 450,000-370,000 = 80,000

net loss (80,000)

8 0
2 years ago
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