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Potential buyers within a segment should be:
1- similar to those from different segments.
2- able to provide significant product synergies.
3- cannibalized from competitors' customers.
4- similar in terms of responding to a marketing action.
5- familiar with the product but not yet brand loyal customers.
Consider an organization where you work, or one with which you are familiar. What is an issue within the organization that could benefit from applying ethical principles? How can these principles be used?
The University Hall has undergone an extensive remodel that resulted in better premises to purchase and consume food. Students appreciate the remodel and are more likely to spend time at the Hall than before. Food prices after the remodel have increa..
Using the same production function as in question 4 {ie: q = (K^1/2 + L^1/2)^2} suppose that the firm is now operating in the long-run. Solve for the long-run cost function (i.e. total costs as a function of input prices and output).
q. assume a duopoly and let demand be given by pa-bq. in addition let both firms have the same marginal cost c. the
Jack owns an auto repair shop, specializing in European cars. With three full-time mechanics, Jack's shop repairs/services 15 cars per week. Each worker is paid $500 per week. Suppose Jack's weekly fixed costs is $1500. Assuming he is a profit maximi..
Which of the following can occur as a result of advertising in a monopolistically competitive market? Check all that apply.
Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Why or why not?
If a transaction imposes external costs, then: A) too much is being produced relative to the socially optimal amount. B) Production should be increased to generate enough profits to cover those costs. C) all production of the good or service should c..
Economies of scale can be quickly exhausted not everyone wants to ‘shop' from same ‘store' size can also mean diseconomies of scale if focus Is lost and conflict of interest what matters to shareholders is profitability not Challenges (contd.) Do..
Define the four basic types of trade barriers. Who gains and who loses from a protective tariff? Explain. Identify the four major tools of monetary policy. Describe how a change in the Fed’s major policy tools leads to [1] expansionary and [2] restri..
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Explain how much extra surplus does the producer capture when it engages in first-degree price discrimination instead of charging a single price.
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