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topjm [15]
2 years ago
9

Today's consumers do not need to rely on marketer-supplied information about products and services because they can use ________

to seek out a wealth of information.
A) push strategies

B) direct and digital marketing

C) the Internet

D) personal selling

E) public relations
Business
1 answer:
MariettaO [177]2 years ago
4 0

Answer:

The answer to the question would be C

Explanation:

Without a doubt, the economic crisis has changed the way consumers approach the market for goods and services. In this new era, austerity, discounts and the search in different channels of the best price / benefit ratio dominate.

Of course, technology and the Internet are the best allies of the consumer who wants to be informed: thanks to smartphones, bar scanners, social networks or websites that compare prices or offer discounts, we are the buyers with more prior information on what we want or need to acquire.

You might be interested in
Markland Manufacturing intends to increase capacity by overcoming a bottleneck operation by adding new equipment. Two vendors ha
mafiozo [28]

Answer:

6,250 units; 7,000 units

Explanation:

Given that,

Fixed costs for proposal A = $50,000

Fixed costs for proposal B = $70,000

Variable cost for A = $12.00

Variable cost for B = $10.00

Revenue generated by each unit = $20.00

Let x be the number of units at break even point,

(a) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

50,000 + 12x = 20x

50,000 = 8x

6,250 = x

(b) Condition for break-even point in units:

Total cost = Total revenue

Fixed cost + Variable cost = (Number of units × Revenue generated by each unit)

70,000 + 10x = 20x

70,000 = 10x

7,000 = x

7 0
2 years ago
Suppose the equilibrium price for soccer tickets in a free market results in 15,000 tickets being purchased. Major League Soccer
Ahat [919]

Answer: Surplus

Explanation: There will be a surplus of 8000 tickets. Since soccer teams would be willing to supply 25000 tickets at $22 and the consumers are willing to purchase 17000 tickets at $22. The difference is (25000 ticket - 1700 ticket) = 8000 ticket.

4 0
2 years ago
In a(n) ________, members eliminate internal trade barriers, adopt a common external policy toward nonmembers, and eliminate bar
JulijaS [17]

Answer:

A Common Market

Explanation:

A Common Market is the one where a group is created or established by countries within the area of geographical in order to encourage the duty free trade as well as the free labor movement and also the capital among the members. In the market, it imposes a common external tariff on the imports.

So, in this market, members eliminate the barriers of trade and adopt or follow the common policy.

7 0
2 years ago
Shaniqua s restaurant utilizes a contribution margin pricing system. She would like the selling price of a new menu item she is
Setler79 [48]

Answer:

Her kitchen Staff can spend up to $3.00 on product cost.

Explanation:

Selling price= $10.00

Margin= $4.00

Labor costs = $10.00*30% = $3.00

Selling Price = Contribition margin + Labor costs + Product Cost.

Isolating Product cost from the equation:

Product cost = Selling price - (Contribution margin + Labor costs)

Product cost = $ 10.00 - ($4.00 + $3.00)

Product cost = $ 10.00 - $7.00

Product cost = $ 3.00

The max. amount that kitchen staff can spend on product cost is: $ 3.00

7 0
2 years ago
Xerox, the U.S. Postal​ Service, and​ McDonald's have enjoyed significant market power in the past. List and explain three major
Elena L [17]

Answer:

Correct Answer:

E. fewer substitutes are available because consumers are more sensitive to prices.

Explanation:

<em>Market power is the ability of a company to successfully influence the pricing of its products or services in the overall marketplace. </em><em>This is common among most big corporations that produces consumer goods and offer services. </em>

This market power can be influenced by some factors. On the other-hand, the market power could be eroded leading to inability of the companies to influence prices do to the following:

1.<u> Number of companies in the market:</u> The lower the companies producing same product in the market, the higher the chances of the companies to be able to influence market prices. Otherwise, the market power will be eroded due to high number of companies.

2. <u>Elasticity of demand:</u> The persistent demand of a product by people helps to determine the market power of those companies. When this is lacking, the market power is eroded.

3. <u>Product differentiation:</u> The ability of a company to provide a unique product that offers good services in a market helps it to achieve market power. Lack of these erodes the market power.

3 0
2 years ago
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