Which of the following provides valuable information about what a target market thinks about a product and what it is worth to them?
Question 8 options:
|
|||
|
|||
|
|||
|
C) Price elasticity
The companies conduct researches to find out how much quantity of the product will be purchased by the customers at large at the various price levels. The increase or decrease in the price level of the product and services changes the quantity demanded. In this way, research provides information about the products and services that what the target market thinks about the product and its worthiness for them.
Which of the following provides valuable information about what a target market thinks about a product...
which of the following is true about the elasticity of demand
for this product at the prices given?
Ullowing information to answer questions 12 and 13. A company is currently selling 100,000 products a year at a price of $10 each. Through market research they know that if they were to lover the price to $8 they would sell 110,000 products a year. 12: Which of the following is true about the elasticity of demand for this product at the...
Which of the following sequences of marketing activities is correct? A. Product positioning, market segmentation, target marketing B. Product positioning, target marketing, market segmentation C. Market segmentation, product positioning, target marketing D. Market segmentation, target marketing, product positioning E. Target marketing, product positioning, market segmentation
Medoc Company provides the following information about its single product. Targeted operating income $53,610 Selling price per unit $6.10 Variable cost per unit $4.50 Total fixed cost $75,520 What is the contribution margin per unit? A. $0.26 B. $1.60 C. $4.50 D. $ 10.60
You have the following information about the product and price of the product in your company: Price increased from $ 5.00 to $ 8.00 Quantity demanded decreased from 5000 to 5500 Calculate the price elasticity of demand and give an example of a product that would reflect the answer.
Question 5 Segment insights are information about consumer _____(fill in blank) that is developed through market ___(fill in blank) . Question 6 Striving to ensure that your offering owns a particular place of value in the mind of customers and potential customers is called A. Target marketing B. Market segmenting C. Offer positioning D. Market testing Question 7 Product positioning refers to consumers' perceptions of a product's A. Attributes B. Uses C. Quality D. Advantages and disadvantages relative to competing...
Dakota Company provides the following information about its single product: Targeted operating income $40,000 Selling price per unit $3.50 Variable cost per unit $1.05 Total fixed costs $90,000 What is the contribution margin ratio? O 44% O 30% O 70% O 56% Question 10 1 pts JB Company has fixed costs of $300,000. Total costs, both fixed and variable, are $378,000 when 40,000 units are produced. How much is the variable cost per unit? (Please round to the nearest cent.)...
41-Oman National Engineering & Investment Co. (S.A.O.G) is trying to create market for its product. Which one of the following to be incurred by the company in this situation? Monopolistic competitionOligopoly marketPerfect competitionMonopoly marketQuestion 42Choose the CORRECT statement in relation to income elasticity of demand: It is the rate of responsiveness of the quantity demanded to change in priceIt is the rate of responsiveness of the quantity demanded to change in incomeNone of the given options are correctIt is the...
Which of the following provides information about the carbon framework of a molecule? Select one: O a. 200 180 160 140 120 100 80 Chamachi O b. Intensity - 0 pm Chemical shift 8 8 8 Relative abundance / 8 8 Relative abundance %) 10 20 120 O d. ) Transmittance 4000 3500 3000 2500 1000 500 2000 1500 Wavenumber tem")
Medoc Company provides the following information about its single product. Targeted operating income Selling price per unit Variable cost per unit Total fixed cost $52,170 $6.75 $4.20 $85,680 What is the breakeven point in units? (Round intermediary calculations to the nearest cent.) O A. 33,600 OB. 4,764 OC. 7,825 OD. 20,459
Richard's Framing Company provides the following information about its single product. Targeted operating income Selling price per unit Variable cost per unit Total fixed cost $57,000 $75.00 $65.00 $24,500 What is the contribution margin per unit? O A. $10 OB. $140 c. $0.13 OD 565