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1. discuss the concept of market segmentation and discuss how it relates to consumers and businesses.
2. give examples of how each product listed can be classified as either a consumer and/or business product.
3. discuss the differences between the business and consumer product markets
Step by step
Solved in 2 steps
- Choose the Letter of the Correct Answer 1. It refers to a basic economic question that asks what needs and wants to be produced?. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 2. It refers to the skills and talents to produce a product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 3. It refers to the target market of a certain product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 4. A basic economic question that relates about quality and quantity of the product. A. How much to produce? B. What to produce? C. How to produce? D. For whom to produce? 5. It is a kind of economic system that is paternal, kinship in nature. A. Traditional economic system B. Market economic system C. Command economic system D. Mixed economic system1.Which characteristics a person making handicrafts should acquire to develop marketable products? 2.Why should you apply finishing materals on products? 3.What should you do to achieve a beautiful and attractive product2. Explain the economic activities between consumers and producers using a circular flow image.
- 1. Make a written report about Consumer Aggregate 2.Adv and Disadv of consumer aggregate 3.Make a bullets that's related to Consumer Aggregate1 What is scientific research? explain the concept of scientific, what is i. perception research ii. action research iii. evaluation research1. Supply chain represents? 2.Power shift in supply chain has shifted from? 3. Which is a driving force for the changing business landscape 4.Which are characteristics of supply chain? 5.What involves the network of activities, flow and movement of people, materials and information linking organisations together to serve consumer?
- 9, what is primarily concerned with markets for goods, services and resources(Please refer to the attached image.) 1. What is the message in this cartoon? 2. Does the cartoon show a challenge or an opportunity? Why do you say so?Select the number of the question and the letter to indicate the answer you consider correctfor each question. Answers to all questions are to be recorded on the answer sheet. (Pleasenote - Do not submit the full question with a circle answer. ONLY the number and theletter).1. The Law of demanda. applies to final consumer goods but not to the productive resources purchased bybusiness firms.b. tells us how much of a good people want, but not necessarily how much of that good theyare willing to pay for.c. tells us that when the price of a good falls, quantity demanded will increase.d. applies only to goods that are not absolute necessities. 2. The law of supply states that all other things remaining the same:a. as the price of a good increases, supply of the good will increase.b. as the price of a good increases, the quantity of the good supplied willincrease.c. as the price of a good increases, demand for the good will increase.d. as the price of a good increases, the quantity of the…
