Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Customers can be profiled based on different personal aspects and this information can be used by firms to analyze buying behavior. Customers can be profiled based on their geographic location. If a firm wants to sell toward a specific market located in one area, like a tourist or resort town for example, then this type of information may be useful. Demographic information is also collected of customer and this includes aspects like age, sex, religion, race, and income. These aspects are very useful to study when determining which particular group to market a product/service toward.
Another profiling aspect is psychographic, which takes into consideration a customer's personality and lifestyle choices. Buyer behavior is the last customer profile aspect discussed in this chapter and this refers to how and why customers buy what they do. For example, are buys loyal to a specific brand, and if so, how does that effect the marketing of a new company. All of these aspects should be considered when determining which market to reach through a firm's marketing efforts.
How have you seen profiling operate in your environment? How might one leverage profiling? What cautions might you need to be aware of when profiling?
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd