Answer:
a. the advertisements wasted money and time because they were not targeted properly
Explanation:
The advertisement is not well targeted, with the increased unemployment in this region and the fact that the major source of economic wealth ( the beer manufacturer) has been bought and relocated, means the economy is not well profiled for the luxury cars that are advertised.
The company should first of all do it's research to gauge how well profiled the residents of the economy is to their products.
Ideally the target if the advertisement should be a thriving economy where there is excess cash to purchase luxury goods.
Answer:
C. <u>at least several</u>
Explanation:
Competitive advantage refers to a favorable situation or position a business enjoys over it's competitors owing to it's specialization or strength in performing a specific operation.
For example, in case of telecommunication, one company's competitive advantage could be superior network coverage with lower call drops than it's competitors.
In order to survive and grow, a business should try and gain competitive advantages in at least several fields and yet at the same time retain and maintain those competitive advantages over a period.
Answer:
<u>B</u>
<h3>Explanation:</h3>
Usually a life insurance policy stipulates that when th insured dies, the beneficiaries can file a claim to receive the life insurance money called the face value.
This face value is determine by certain factors like age, total coverage, medical history, gender, lifestyle, and job of the insured.
Toiletry - Mouth wash, Snack food :- Peanuts, Adidas, Rich dad Poor dad by Robert Kiyosaki, Computer program R, Video game :- Fifa EA sports.
Explanation:
- Mouth wash target market is to feel fresh while speaking.
- Peanuts An athletics to get that extra energy at Rugby.
- Adidas believing in sports and everybody loves that brand.
- Rich dad poor dad how to become rich and convert ideas of business.
- R programmer is a statistical tool for analyzing data for inferences.
- EA sports is the most important part of sports Football is every growing.
- Bring in new flavors,changing the taste of snacks, famous athletes.
- Explain people who have been successful after reading the books.
- Only way to appeal other markets buy understanding statistics.
Answer:
b. The economic cost of going to the pub is £40.
Explanation:
The correct option is - b. The economic cost of going to the pub is £40.
Reason -
Economic cost = Cost actually incurred to choose an option + opportunity cost
Now,
We know that
Opportunity cost is the value of next best alternative forgone.
Now,
Net benefits while the person going to Pub = 50 - 30 = £20
Net benefits while the person going to Theatre = 60 - 50 = £10
So,
The opportunity cost = £20 - £10 = £10
∴ we get
Economic cost of going to the Pub= £30 + £10 = £40
