The process of differentiating different clusters of customers into smaller, homogenous groups (i.e., aggregating prospective buyers into various groups) is referred to as: А Target marketing В Market segmentation C Homogenous marketing D Concentrated marketing
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Q: Excess capacity is a. an example of the inefficiencies of monopolistically competitive markets.…
A: Excess capacity occurs when the firm produces lower level of output than its efficient level of…
Q: Unlike a monopolistic firmʹs product, a monopolistically competitive firmʹs product a. is a unique…
A: Has many close substitutes because of many sellers.
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A: In monopolistically competitive market, the sellers sell differentiated products which are close…
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A: A pure monopoly is a solitary provider inside a characterized market or industry. The firm…
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A: Answer - Given in the question - "Advertising helps raise revenue for the firms and provides…
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A: Answer: Functions of Marketing includes the following points: Market research, before finalization…
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A: Monopolistically competitive market structure is the market structure in which there are large…
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A: Market segmentation strategy helps to organize the business based on demographic, geographic,…
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A: A) govt enforced barriers to entry Because govt provides patent for a fixed period to inventions so…
Q: The monopoly portion of the market structure "monopolistic competition" refers to _____, while the…
A: When talking about the monopolistic competition, it can be said that a firm in this market will act…
Q: Unlike a monopolistic firmʹs product, a monopolistically competitive firmʹs product a.has no close…
A: Monopolistic competition characterizes an industry in which many firms offer products and services…
Q: A monopolistically competitive industry is like a purely competitive industry in that: Multiple…
A: Monopolistically competitive firms earn zero economic profit within the end of the day as do…
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Q: Everyday-low pricing is a pricing strategy that is consistent with a goal of achieving long-term…
A: Answer: Everyday low pricing (EDLP): EDLP refers to the pricing strategy wherein the retailers or…
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A: Answer to the question is as follow :
Q: Please answer it as fast as you can in your words As a Marketing Manager in the Nespresso…
A: Product Development Product development is the term used to describe all of the steps required in…
Q: The first step/stage of the market segmentation/ target marketing process is to: develop new…
A: The correct answer is C ‘segment the overall market into the identifiable market segment.
Q: true or false Consumers are generally worse off under competitive markets than under monopolistic…
A: In case of perfect competition, there are large number of buyers and sellers. The sellers sell…
Q: A monopolistically competitive firm in long-run equilibrium A. Will make a negative profit B.will…
A: There are many firms in the monopolistically competitive market but differentiated products are…
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A: Monopolistic competition is a kind of market structure in which there are several numbers of…
Q: Nonprice competition in monopolistically competitive markets results in a. price equaling…
A: In monopolistic market, more firms are produces similar good which is non identical. Even though…
Q: Product Differentiation refers to the ability of firms to: Select one: a. sell their product in…
A: Differentiated goods are sold in monopolistically competitive market where product differentiation…
Q: Monopolistic competition is a market structure in which Question 11 options: a small number of…
A: Monopolistic competition is a form of imperfect competition in which several producers compete…
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A: Coca cola have merged all their marketing goals into one single marketing goal which is happiness.
Q: identify customers, differentiate among customers, and interact with customers are A - steps of…
A: The given above steps like , Identify customers Differentiate among customers Interact with…
Q: In order for a firm to engage in price discrimi- nation, it must be Group of answer choices a.…
A: Price discrimination is to charge different prices to different consumers based on elasticity…
Q: The typical slope of the demand curve as perceived by a monopolistic competitor will Question 18…
A: The slope of the demand curve: the slope of the demand curve shows the steepness of the curve and…
Q: A monopolistically competitive firm that earns an accounting profit in the short run Group of…
A: A monopolistic firm that earns accounting profit in the short run Could earn economic profit,break…
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A: In a monopolistic competitive market there are large number of forms producing similar but not…
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A: The business of selling and promoting services and goods, which includes advertising and research is…
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A: A pricing policy is a consistent response to a common query. A systematic pricing approach…
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A: Marketing strategy is a long-run, innovative approach and an overall game plan of any organization…
Q: Under monopolistic competition, firms produce________ a: products that are somewhat…
A: Monopolistic competition- It is an imperfect competition in which many sellers sell products…
Q: A software firm can offer a high-feature version of its software or a stripped-down low-feature…
A: Production cost is the overall cost involved in the production activities of a firm.
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A: According to the Bartleby guidelines policy only first three subpart solve please post question…
Q: A characteristic of monopolistic competition is a. a low ratio of fixed to variable costs. b.…
A: MONOPOLISTIC COMPETITION: Monopolistic competition is a market where there are many firms with…
Q: In a market where firms are monopolistically competitive: Group of answer choices There is one firm…
A: Introduction Monopolistic Competition. It a market where many firm producing the similar product but…
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- Management of McPablo’s Food Shops has completed a study of weekly demand for its “old-fashioned” tacos in 53 regional markets. The study revealed that Q = 400 -1,200P + .8A + 55Pop + 800P° where Q is the number of tacos sold per store per week, A is the level of local advertising expenditure (in pesos), Pop denotes the local population (in thousands), and P0 is the average taco price of local competitors. For the typical McPablo’s outlet: P = Php1.50, A = Php1,000, Pop = 40, and P0 = Php1.00. Estimate the weekly sales for the typical McPablo’s outlet. What is the current price elasticity for tacos? What is the advertising elasticity? Should McPablo’s raise its taco prices? Why or why not?A country’s market for new motor vehicles is dominated completely by two firms, Fastcars Ltd and Slowcars Ltd. Market revenue is fixed at $10 billion. Each firm can choose whether to advertise. Advertising costs $1 billion for each firm that advertises. If one firm advertises and the other does not, then the firm that advertises receives 100% of market revenue and pays for its advertising. If both firms advertise, they split the market revenue 50:50 and pay for their respective advertising. If neither advertises, they split the market revenue 50:50 but without the expense of advertising. a) What strategy would you advise that Fastcars Ltd should follow? b) What would you predict will be the strategy chosen by each firm? c) Is there an outcome that would make both firms better off? In case you find that there is such an outcome, is it achievable?There are two competing Internet-based providers of medical information suitable for patients. ProPatient currently charges $150 per year to subscribers of its service which helps patients learn more about their medical conditions. Its competitor, AskUs Health, currently charges $125 for a similar service. The current level of advertising by ProPatient is $2,500,000. ProPatient has tracked its volume of subscribers as a function of its price, the price of AskUs services, and of its own marketing expenditures designed to promote the service. The marketing department at ProPatient estimated its demand relationship based on these data. Here is the result:QP = 120,000 - 900PP + 400PA +.02MPwhere QP = quantity of subscribers to ProPatient PP = price charged by ProPatient PA = price charged by AskUs Health M P = Marketing expenditures by ProPatient(all values of the independent variables are in dollars)ProPatient’s fixed cost to establish and maintain the business is $10,000,000 plus…
- There are two competing Internet-based providers of medical information suitable for patients. ProPatient currently charges $150 per year to subscribers of its service which helps patients learn more about their medical conditions. Its competitor, AskUs Health, currently charges $125 for a similar service. The current level of advertising by ProPatient is $2,500,000. ProPatient has tracked its volume of subscribers as a function of its price, the price of AskUs services, and of its own marketing expenditures designed to promote the service. The marketing department at ProPatient estimated its demand relationship based on these data. Here is the result:QP = 120,000 - 900PP + 400PA +.02MPwhere QP = quantity of subscribers to ProPatient PP = price charged by ProPatient PA = price charged by AskUs Health M P = Marketing expenditures by ProPatient(all values of the independent variables are in dollars)ProPatient’s fixed cost to establish and maintain the business is $10,000,000 plus…A new tropical fruit juice product was entering the marketplace. The director of marketing for the company would like to know which advantage should be emphasized in advertisements, and which advertisement is better for sales. Nine cities with similar demographics are chosen, and a different combination of Media and Marketing Strategy is tried. The unit sales of tropical fruit juice for the eight weeks are shown in the two-way table below. Media Marketing strategy Convenience Quality Price Television 492, 630, 559, 447, 480, 624, 547, 444 464, 559, 759, 558, 528, 670, 534, 657 678, 628, 591, 633, 684, 761, 691, 549 Social Media 464, 559, 759, 558, 528, 670, 534, 657 710, 650, 705, 653, 577, 837, 629, 799 705, 585, 527, 499, 515, 566, 710, 547 Newspaper 690, 650, 705, 653, 577, 825, 629, 799 577, 616, 708, 486, 480, 652, 585, 538 803, 583, 825, 597, 813, 564, 708, 615 At the 0.05 level of significance, is there an interaction…Corpus Industries produces a product at constant marginal cost that it sells in a monopolistically competitive market. In an attempt to bolster profits, the manager hired an economist to estimate the demand for its product. She found that the demand for the firm’s product is log-linear, with an own price elasticity of demand of –10 and an advertising elasticity of demand of 0.2. To maximize profits, what fraction of revenues should the firm spend on advertising?
- You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 – 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2.If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits?Price: $ Quantity: computersWhat long-run adjustments should you anticipate? multiple choice…You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its “free service after the sale” policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 − 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits? What long-run adjustments should you anticipate? Explain.You are the manager of College Computers, a manufacturer of customized computers that meet the specifications required by the local university. Over 90 percent of your clientele consists of college students. College Computers is not the only firm that builds computers to meet this university’s specifications; indeed, it competes with many manufacturers online and through traditional retail outlets. To attract its large student clientele, College Computers runs a weekly ad in the student paper advertising its "free service after the sale" policy in an attempt to differentiate itself from the competition. The weekly demand for computers produced by College Computers is given by Q = 800 − 2P, and its weekly cost of producing computers is C(Q) = 1,200 + 2Q2. If other firms in the industry sell PCs at $300, what price and quantity of computers should you produce to maximize your firm’s profits? Price: $ Quantity: computers What long-run adjustments should you anticipate?
- Disney’s 2021 and 2020 Christmas adverts ‘The Stepdad’ and ‘From Our Family to Yours’ depict Filipino culture and portray blended and multi-racial families. The ads have received positive comments from target audiences and the general public. Critically evaluate the extent to which these ads are examples of the adoption of standardisation, localisation or glocalisation in advertising strategy.Suppose you’re relatively new in business and want to launch your product in the market.You have a great deal of flexibility in how you set your prices, you may want to considerpricing for optimum market penetration. This means that you initially sell your product ata low introductory price P0 (say) to attract new customers, then raise prices once you’vesecured your share in the market. Determining the most appropriate pricing model for yourbusiness is tricky and takes considerable research.If it is known that change in price P depends upon the demand D and Supply S of yourproduct, where both D and S are linearly related to price P.(a) Write the differential equation the describes the change in price.(b) Describe the pattern of change of price for different phases.(c) For what values of parameter, you have equilibrium price (Hint: Recall equilibriumsolution of differential equations)Based on the best available econometric estimates, the market elasticity of demand for your firm’s product is -1.5. The marginal cost of producing the product is constant at $125, while average total cost at current production levels is $190.Determine your optimal per unit price if:Instruction: Enter your responses rounded to two decimal places.a. You are a monopolist.$ b. You compete against one other firm in a Cournot oligopoly.$ c. You compete against 19 other firms in a Cournot oligopoly.$