After years of using a mass marketing strategy, precision print shop has responded to new competition from larger companies by focusing on small market segments that have been ignored by these competitors. precision believes that by offering these market segments personalized customer service it can attract a loyal group of customers willing to pay premium prices. what is precision's strategy known
a. environmental scanning
b. niche marketing.
c. micro-marketing.
d. respondent change.
Answers: 1
Business, 22.06.2019 20:50, fathimasaynas2975
Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day. a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?
Answers: 1
Business, 23.06.2019 00:30, humpty21
One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.
Answers: 1
Business, 23.06.2019 03:20, james169196
With only a part-time job and the need for a professional wardrobe, rachel quickly maxed out her credit card the summer after graduation. with her first full-time paycheck in august, she vowed to pay $270 each month toward paying down her $8 comma 368 outstanding balance and not to use the card. the card has an annual interest rate of 18 percent. how long will it take rachel to pay for her wardrobe? should she shop for a new card? why or why not?
Answers: 2
Business, 23.06.2019 03:30, 130005401
Jiffy printing shops does a lot of printing job for college students. the shop use an average of 25 cases of copy paper each day during the 312 days last year. the shop opens 6 days a week for 52 weeks each year and closes on sundays. each case of paper costs $35. it conducts a count of its paper inventory at the end of every quarter of the year. the table below shows the inventory counting records for last year. inventory end of quarter 1 700 cases end of quarter 2 1,050 cases end of quarter 3 920 cases end of quarter 4 800 cases 1. what's jiffy's cost of goods sold last year? 2. what's jiffy's average aggregate inventory value? 3. what's jiffy's inventory turnover last year? 4. what is the printing shop's weeks of supply last year?
Answers: 2
After years of using a mass marketing strategy, precision print shop has responded to new competitio...
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