Over time, technological advance increases consumers' incomes and reduces the price of smartphones. Each of these forces increas

Answer:

Secondary Utility

Explanation:

At Baumann's Fine Meats, butchers will cut steaks to the specified thickness requested by customers and remove any extra fat. This additional service is considered Secondary Utility.

Response:

Analysis:

Minimum      116

Q1            224

Median    253

Q3            298.75

Maximum   353

median 253

range 237

Awareness is currently at 77%, or.77. Over time, awareness diminishes by 33% annually, so in the absence of extra promotional spending, next year’s awareness would be calculated as.77 *.66 (which is two-thirds of 77%). An expenditure of one million dollars would boost awareness by 26%, resulting in an awareness level of 0.77 * 1.26. To determine next year's awareness: 77% times (1.26 -.33) equals.77 * 0.93, giving us.716, or 71.6%.