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Stolb23
2 months ago
6

When Benjamin purchased a camera at Best Buy, the cashier asked him for his home zip code. Which of the following approaches was

Best Buy using to identify the trade area for the store?
A) Customer clustering
B) Residential research
C) Financial demographics
D) Geographic research
E) Customer spotting
Business
1 answer:
Nady [3.6K]2 months ago
4 0

Response:

The right choice is E) Customer spotting.

Clarification:

Identifying customer needs is the third phase of the six required steps to enhance selling opportunities.

Identifying needs entails asking your customer a set of pre-prepared questions to uncover:

  1. What their actual requirements are
  2. Whether the products or services in your offering align with those needs.

Failing to effectively identify needs leads to operating in the dark, resulting in numerous missed chances for success.

Remember, this is the step where it’s crucial to listen closely to what the customer communicates.

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Anderson Corporation has provided the following production and average cost data for two levels of monthly production volume. Th
marusya05 [3725]

Answer:

The overall fixed monthly manufacturing expense totals $328,000.

Explanation:

For a production of 4000 units, direct material costs amount to $99.2 per unit, direct labor costs stand at $45.5 per unit, and manufacturing overhead costs equal $94.

For a production of 5000 units, direct materials remain at $99.2 per unit, direct labor is $45.5, and manufacturing overhead costs adjust to $77.6.

Total overhead for 4,000 units

= 4,000\ \times\ 94

= $376,000

Total overhead for 5,000 units

= 5,000\ \times\ 77.6

= $388,000

The variable cost per unit

= \frac{388,000\ -\ 376,000}{1,000}

= $12 per unit

Fixed costs

= Total expenses - Total variable costs

= 388,000\ -\ (5,000\ \times\ 12)

= $328,000

5 0
3 months ago
All of the following are implications of strategic groups EXCEPTa. the strength of the five forces differ across strategic group
Nady [3600]

Answer:

The correct choice is option b) indicates that the strength of the five forces remains constant across various strategic groups.

Explanation:

Initially, a strategic group can be described as a classification used in strategic management wherein companies within an industry are categorized based on similar business models or strategies.

Option a) is true in that the strength of the five forces will vary among different strategic groups.

Option b) is false since it is unreasonable to expect the strength of the five forces to be uniform across all strategic groups.

Option c) accurately states that competitive rivalry among companies within the same group is significantly more intense compared to the competition existing between strategic groups. This occurs because firms in the same strategic group operate under similar business models and compete directly with one another.

Option d) is also true, as the closer strategic groups are in terms of their strategies, the higher the chances of competition arising between them due to direct confrontation in the market.

4 0
3 months ago
Cakery Bakery received $1,000 from a customer on August 5, 2016 for a wedding cake to be delivered on September 19, 2016. What w
harina [3808]
September 19, 2020 is the date the cake was delivered successfully.
4 0
4 months ago
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