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kumpel [21]
2 years ago
9

All-Star Collectibles focuses its marketing efforts on high-income buyers of unique collectible items. The firm realizes that th

e number of buyers in this segment of the collectible market is small. However, they are confident that this approach will be profitable since these buyers will pay premium prices for their unique products and superior customer service. All-Star's approach is an example of:
a.competitive benchmarking.
b.niche marketing.
c.relationship targeting.
d.target positioning.
Business
1 answer:
m_a_m_a [10]2 years ago
5 0

Answer:

<em>b.niche marketing. </em>

Explanation:

Niche advertising is a marketing technique used to target a particular, specific market segment.

Niche market is very often generated by knowing what a consumer wants, and it can be achieved if the company knows whatever the consumer wants and then aims to provide an unique solution to the issue that other businesses have not provided.

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It is the beginning of the football season for the local college team. Martha redecorates the Coffee Collective with a theme tha
Mamont248 [21]

Answer:

Brand association

Explanation:

Brand equity refers to the value that a product receives from associating with a renowned brand. Brand association is one of the components of brand equity. Brand association refers to those images or symbols that customers identify with a brand.

Organizations try to instill positive image in the minds of customers through brand association. Here, Martha redecorates coffee collective with pictures of players and coaches as way to promote the team as audience will be be able to connect with the team through the images.

5 0
2 years ago
After hiring 151 units of the variable input, labor, a firm determines the MFC to be $.30 and the MRP to be $.33. The firm shoul
zhuklara [117]

Answer:

Option (c) is correct.

Explanation:

Labor (Variable input) hired = 151 units

After hiring this much units of labor, a firm incurred:

Marginal cost of hiring (MFC) = $0.30 and marginal product of labor (MRP) = $0.33

The firm continuing hiring new labor until the point at which marginal cost of hiring labor is equal to the marginal product of labor.

In this case, MFC is less than the MRP, so firm should increase the use of labor till the MFC becomes equal to the MRP.

7 0
2 years ago
A freelance writer must choose how to spend her time working on several different types of projects. Newspaper stories take 3 ho
natali 33 [55]

45N + 400M + 20P ≥ 45 is the constraint that limits the amount of time the writer will work each week.

Explanation:

Integer constraints limit any or all variables to only allow integer values in the optimisation issue. It allows for precise simulation of situations that include discrete numbers (such as equity shares) or decisions yes or no.

Both "limits" and "restrictions" are "restrictions," which may be the broadest word to denote anything that prohibits a entity or a mechanism from happening. "Standards" and "controls" typically feel like standing back, where "stretches" sound like being alone.

7 0
2 years ago
There are three popcorn vendors at a local tournament. Collectively, the vendors sold 3,000 boxes of popcorn throughout the tour
mario62 [17]

Answer:Ally's Eats  and Gameday Grub

Explanation:

7 0
2 years ago
A company manufactured 1,000 units of product during the year and sold 800 units. Costs incurred during the current year are as
Llana [10]

Answer:

$2,400

Explanation:

Total production Cost:

= Direct materials and direct labor + Indirect materials and indirect labor + Insurance on manufacturing equipment

= $7,000 + $2,000 + $3000

= $12,000

Amount should be reported as inventory in the company’s year-end balance sheet:

= (Total production Cost ÷ Units manufactured) × (Units manufactured - Units sold)

= ($12,000 ÷ 1,000) × (1,000 - 800)

= $12 × 200

= $2,400

5 0
2 years ago
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