The type of lifestyle consumers maintain,
relates to the ____________ segment of an
enterprise's total potential market.
a. psychographic
b. geographic
c. demographic
d. behaviouristic
The type of lifestyle consumers maintain relates to the A.psychographic segment of an enterprise's total potential market.
What is Psychographic segmentation?Psychographic segmentation is based on factors such as consumer attitudes, values, beliefs, and lifestyles. It divides consumers into different groups based on their personality traits, interests, hobbies, and behaviors. Psychographic segmentation is useful in identifying consumers with similar lifestyles, attitudes, and aspirations, which can help businesses to tailor their marketing messages and product offerings to meet the needs of those consumers.
In this case, the type of lifestyle that consumers maintain is a psychographic characteristic that can be used to identify and target specific groups of consumers who share similar values and interests. By understanding the psychographic segment of their total potential market, enterprises can develop marketing strategies that are more likely to resonate with their target consumers and drive sales.
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One major difference between a single-price monopolist (SPM) and a perfect price discrimination monopolist (PPDM) is that: OPPDM generates a deadweight loss whereas SPM does not SPM generates a deadweight loss whereas PPDM does not. OPPDM yields positive economic profits whereas SPM does not SPM generates excess supply whereas PPDM does not.
The correct answer to your question is that one major difference between a single-price monopolist (SPM) and a perfect price discrimination monopolist (PPDM) is that OPPDM generates a deadweight loss whereas SPM does not.
This is because perfect price discrimination allows the monopolist to charge each individual customer their maximum willingness to pay, resulting in no consumer surplus and therefore no deadweight loss. However, in a single-price monopolist situation, the monopolist charges a single price to all customers which results in some customers being priced out of the market and therefore a deadweight loss. It is important to note that while PPDM does not generate a deadweight loss, it does still result in a transfer of surplus from consumers to the monopolist and positive economic profits for the monopolist. One major difference between a single-price monopolist (SPM) and a perfect price discrimination monopolist (PPDM) is that:
SPM generates a deadweight loss whereas PPDM does not.
In a single-price monopolist scenario, the monopolist sets a single price for all consumers, leading to a reduction in consumer surplus and the creation of a deadweight loss. This deadweight loss is the result of the inefficiency caused by the monopolist's pricing strategy.
In contrast, a perfect price discrimination monopolist is able to charge each consumer the maximum price they are willing to pay for the product or service. This means that the monopolist is able to capture all of the consumer surplus, effectively eliminating the deadweight loss. Additionally, this strategy allows the PPDM to yield positive economic profits.
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Successful leaders depend on a set of __________ skills and positive qualities and characteristics.
balance sheet entry for
The bank deposited the $49,500 loan funds into the bank after deducting $500 in costs to
establish the loan.
Tthe balance sheet entry would show an increase in total assets of $98,000.
Why is it?
The balance sheet entry for the bank depositing the $49,500 loan funds into the bank after deducting $500 in costs to establish the loan would be as follows:
Increase in cash (asset): $49,000
Increase in loan receivable (asset): $49,500
Decrease in loan origination costs (asset): $500
The total increase in assets is $49,000 + $49,500 - $500 = $98,000. Therefore, the balance sheet entry would show an increase in total assets of $98,000.
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how can a task you never questioned be better improved and benefit you?
TRUE O FALSE
There are standards all Distributors have before you should contact them.
Question 2 options:
True
False
Answer:
True
Explanation:
There are certain standards that distributors look for before partnering with a business, such as a proven track record of success, adequate inventory housing, strong trucking and delivery infrastructure, and a capable sales staff. Before reaching out to a distributor, businesses should ensure that they meet these standards to increase their chances of success.
2. Consider the following CVP analysis related with historical data from a company that makes an unusual type of Soap. This product market is characterized with high completion that as more units are produced competitors jump into the market, and the market price starts to declines. The company using spread sheet application that contains statistical functions determined the formulas given under for both the total revenue curve and the total cost curve.
R(x) = (–X 2 ÷ 100) + 10x-------------------------------------(1)
C(X) = 700 + 2X----------------------------------------(2)
Questions
A. Compute breakeven units. Suggest the possible units to be produced by the company , and discuss the cases where the company prefer among the alternatives of outputs to be produced at breakeven point.
B. Illustrate your analysis using a graphic technique for the CVP-analysis.
Answer:
A. To compute the breakeven units, we need to find the point where the total revenue equals the total cost, or R(x) = C(x). Substituting equations (1) and (2), we get:
(-x^2/100) + 10x = 700 + 2x
Simplifying and rearranging, we get:
-x^2/100 + 8x - 700 = 0
Multiplying both sides by -100 to eliminate the fraction, we get:
x^2 - 800x + 70000 = 0
Using the quadratic formula, we get:
x = (800 ± sqrt(800^2 - 4(1)(70000))) / 2(1)
x = (800 ± 400) / 2
x = 600 or 200
Therefore, the breakeven units are either 200 or 600.
If the company produces 200 units, it will break even but will not maximize profits. If it produces 600 units, it will also break even but will be operating at its maximum profit point. The company could choose to produce more than 600 units, but it would then incur losses due to the decreasing market price.
B. To illustrate the analysis using a graphic technique, we can plot the total revenue and total cost curves on the same graph.
First, we can solve for the total revenue and total cost at different levels of output, such as 0, 100, 200, 300, 400, 500, 600, 700, and 800 units, and then plot the points on a graph. Alternatively, we can use the equations (1) and (2) to generate the curves directly.
The total revenue curve is given by equation (1), which is a quadratic equation with a downward slope. The total cost curve is given by equation (2), which is a straight line with a positive slope. The breakeven point is where the two curves intersect.
Here is a graph that illustrates the CVP analysis:
As we can see from the graph, the breakeven point occurs at x = 200 and x = 600, where the total revenue curve intersects with the total cost curve. The point (200, 900) represents a breakeven point, but it is not optimal for profit maximization. The point (600, 1900) represents the optimal production level for profit maximization, where the company can break even and maximize profits.