You would need to follow some points in order to calculate the traditional customer segment's overall market size and growth rate.
How can it be explained in detail?Track down the report's discussion of the traditional customer segment.
Look for data on the traditional customer segment's size, which may be indicated by revenue, sales volume, or the number of clients.
Find the traditional customer segment's growth rate for a given time period, which may be provided in the report. A percentage increase or decrease in the segment's size from one period to the next can be used to calculate the growth rate.
Once you have this data, you can multiply the segment's size by its market share to get the total market size of the traditional customer segment. You'll receive an estimate of the total revenue and sales volume from this.
Remember that the specific approaches used to determine market size and growth rate may differ depending on the sector and the methodology used in the report. Always double-check your calculations and presumptions to make sure your analysis is correct.
To learn more about customers visit here:
https://brainly.com/question/29525450
#SPJ1
the dp-3 would exclude coverage for partial damage to the dwelling resulting from all of the following perils, except:
The dp-3 would exclude coverage for partial damage to the dwelling resulting from all of the following perils except for losses specifically excluded in the policy. Thus the correct option is D.
What is dp-3?A DP-3 insurance policy is that primarily protects residences that aren't your principal residence considered as type of dwelling fire insurance. It normally includes personal liability coverage, loss of use coverage, and structural insurance.
Other than damages expressly specified in the contract, this kind of insurance covers all damages to the covered property. To the exclusion of those indicated as restrictions, it can be said to protect against all loss sources.
Therefore, option D is appropriate.
Learn more about dp-3, here:
https://brainly.com/question/30113053
#SPJ1
Teh complete question is probably
A) broad form perils only.
B) extended coverage perils.
C) open perils
D) for losses specifically excluded in the policy.
What is the yearly employee contribution to
the U.S. Social Security tax on a salary of
60,000 $/year ?
A. $870
C. $1740
FICA Taxes
Social Security
12.4%
Medicare
2.9%
employer exployee employer employee
6.2% 1.45% 1.45%
6.2%
B. $3720
D. $7440
Answer: B. $3720
Explanation:
$60,000 is under the Social Security wage base of $142,800 therefor employee will contribute 6.2%.
So $60,000*6.2% (or 0.062) =$3,720
Suppose the Council of Economic Advisers is conducting a study to estimate the proportion of U.S. households that are eligible for the earned income tax credit. The project manager desires a 0.05 margin of error at 99% confidence. The planning value for p is p* = 0.13. To satisfy the desired margin of error, a sample size no smaller than ________ is needed.
The project manager wants the percentage of US families that qualify for the earned income tax credit to have a 0.02 margin of error at 90% confidence.
How does a management operate?
Through hiring, firing, and planning departmental operations, the staff administers the department's goals. People who are hired, screened, onboarded, and trained help an employer retain their employees. guarantees compliance and a secure environment for work. provide the opportunity for personal growth. A manager is a qualified individual who directs an organization while supervising a group of workers. Despite the fact that there are many different kinds of managers, most of them are responsible for making decisions and carrying out performance reviews.
Know more about departmental Visit:
https://brainly.com/question/29944917
#SPJ1
What are the determinants of demand?Instructions: You may select more than one answer.Click the box with a check mark for correct answers and click to empty the box for the wrong answers.a. Incomeb. Price of related goodsc. A good's own priced. Technologye. Tastes and preferencesf. Resource pricesg. Number of consumers
The correct answers are Income, Price of related goods, A good's own price, Tastes and preferences, and Resource prices.
What is Income?Income is the money that is earned from sources such as employment, business, investments, and government benefits. It is the total amount of money that is received regularly, often on a monthly or yearly basis, in exchange for providing goods, services, or labor. To calculate income, all sources of income are added together and then any deductions and taxes are subtracted. Income is also known as gross income or taxable income because it is subject to taxation. Income is important because it is used to determine an individual’s eligibility for certain benefits and services, as well as their ability to pay for housing, food, and other essentials.
To learn more about Income
https://brainly.com/question/28390284
#SPJ1
Albert invested money into the stock market, and the table represents his earnings. What type of function could be used to model his bank account as a function of time? justify your answer.
Due to the fact that the balance between the weeks frequently differs, this function is linear.
Amount is initially computed using the exponential function, A=P(1+r/n)nt, where n is the number of times interest is compounded annually, to determine the interest that has accrued over a period of time. If n=1, as is typically the case with bank accounts, A= P(1+r)t, where t is the period in years. A portion of your account balance will be paid to you as interest if you deposit money in a savings account at the end of each period, which is normally one month or one day. For instance, if the time frame is a month, this procedure is known as monthly compounding.
Learn more about function here:
https://brainly.com/question/12431044
#SPJ4
opportunity costs . multiple select question. should be considered in decision making are benefits lost when choosing one option over another are uncommon in decision making are part of traditional gaap-based accounting records
opportunity costs are benefits lost when choosing one option over another and should be considered in decision-making. Thus options A and B are correct.
What does the opportunity cost?Opportunity cost refers to a scenario of excess where a person has a number of options accessible and chooses one over another by weighing their relative value.
Opportunity costs can be seen in any situation where a person must choose between giving up one thing and keeping another. This hypothesis argues that economic agents choose actions that maximize gains.
Therefore, option A and B is appropriate.
Learn more about opportunity cost, here:
brainly.com/question/12121515
#SPJ1
High gliding air academy is developing its marketing mix for the upcoming year. It’s managers know that they must first select _______ which may be the most important decision they make in the planning process.
The administrators of High Gliding Air School must first choose their target market, which may be the most crucial choice they make throughout the planning process.
What is a target market?A target market is a particular collection of customers or businesses that a business wants to offer its goods or services to. Market study and analysis helped identify this group, which is distinguished by similar requirements, hobbies, demographics, habits, and buying power. By focusing on a particular market, a business can better contact and engage that group, as well as develop goods and services that cater to their particular requirements and tastes. This may result in more effective resource management, improved client happiness, and increased business earnings. Niche marketing is a key component of contemporary marketing strategy.
To learn more about marketing visit:
https://brainly.com/question/13414268
#SPJ1
The information on the label of some food products includes _____ dating that helps the consumer determine freshness. This is a one word answer.O openO personalO seller
O full
Answer:
Open
Explanation:
The term used for this type of dating is "open dating", which refers to the use of a calendar date on a food product to help the consumer determine its freshness.
Figure 4-5
Refer to Figure 4-5. Which of the following would cause the demand curve to shift from Demand A to Demand B in the market for golf balls in the United States?
Question 2 options:
a decrease in the price of golf balls
an increase in the price of green fees
an expectation by buyers that their incomes will increase in the very near future
a change in consumer tastes away from golf and toward tennis
C) A belief on the part of buyers that their incomes will rise in the foreseeable future.
What causes a change in the demand curve?The ceteris paribus, or "other things being equal," assumption is one that economists frequently employ. It states that all other variables must remain constant for the analysis's purposes while analyzing the economic effects of a particular event.
Changes in tastes, population, income, the cost of substitute or complementary goods, and expectations regarding future conditions and prices are just a few of the variables that can cause the demand curve for goods and services to shift, resulting in a different quantity being demanded at any given price.
Input prices, weather conditions, technological advancements, and changes in government taxes, laws, or subsidies are a few examples of factors that might affect the supply curve for products and services, resulting in a different quantity being delivered for any given price.
Learn more about the demand curve with the help of the given link:
brainly.com/question/30550686
#SPJ1
What are the transaction costs of organising the purchase of a tourism product? Compare these costs when the transaction is carried out directly by the final consumer and when it is carried out by a tourism intermediary company.
A direct distribution channel allows consumers to buy and receive goods directly from the manufacturer. An indirect channel moves products from the manufacturer through various intermediaries for delivery to the consumer.
Refer to the graphs. Which of the following best represents a positive demand shock when prices are inflexible?
A) the shift from D2 to D3 in graph A
B) the shift from D2 to D3 in graph B
C) the shift from D2 to D1 in graph A
D) the shift from D2 to D1 in graph B
The best that is representing a positive demand shock when prices are inflexible is the shift from D2 to D3 in graph B. Thus option (B) is correct.
What is demand?In economics, demand refers to the quantity of a good or service that consumers are willing and able to purchase at a certain price and within a given period.
Demand is often illustrated as a downward sloping curve on a graph, indicating that as the price of a product decreases, the quantity demanded increases, and vice versa.
The shift from D2 to D3 in graph B best represents a positive demand shock when prices are inflexible. Therefore, option (B) is correct.
Learn more about demand here:
https://brainly.com/question/28098072
#SPJ1
Budgeting, analysis of investment proposals, and provision of funds are activities associated with the _____ function.
a. operations
b. marketing
c. purchasing
d. finance
The answer is d. finance.
What is budgeting?
An estimate of income and expenses for a specific future period of time is included in budgets, which are often generated and analysed on a regular basis. Every organisation that desires to spend money may construct a budget, including businesses, governments, as well as people and households of various economic levels.
The ability to regulate monthly expenses, plan for unanticipated life events, and afford expensive items without going into debt all depend on having a budget. It's not necessary to be a math pro to keep track of your income and spending, and it doesn't mean you can't purchase the things you desire. It simply means that you will have a better understanding of where your money is going and greater control over it.
to learn more about budgeting click:
https://brainly.com/question/6663636
#SPJ1
Which chicken producer is responsible for making broiler chicks?
An independent farmer who decides to raise hens for a corporation that produces and processes chickens is known as a contract grower.
What does the term "independence" mean?
Depending on the definition used, an independent voter is one who bases their choice of candidates on issues rather than political ideology or partisanship; they may also lack long-standing party loyalty or identification; or they may not consistently vote for the same political party from election to election.
Making independent decisions and developing independent plans without external pressure. For instance, a worker who persists in improving their value to their company despite receiving little guidance from their manager.
Know more about growerVisit:
https://brainly.com/question/29856374
#SPJ1
Which of the following statements explains the formation and purpose of a federal administrative agency? Choose 2 answers.
a. A federal administrative agency is given its authority in the U.S. Constitution.
b. Most federal administrative agencies are subject to the authority of the president, but some are independent.
c. As part of the executive branch, a federal administrative agency is formed by the president to establish regulations that will implement and enforce the law.
d. An administrative agency is formed by enabling legislation that also provides the authority to establish regulations that will implement and enforce the law.
The statements that explain the formation and purpose of a federal administrative agency are:
b. Most federal administrative agencies are subject to the authority of the president, but some are independent.d. An administrative agency is formed by enabling legislation that also provides the authority to establish regulations that will implement and enforce the law.What are federal administrative agencies ?Administrative agencies are typically created by Congress through enabling legislation, and they are charged with implementing and enforcing the laws that Congress passes.
While most federal administrative agencies are subject to the authority of the president, some are independent. This means they have a degree of autonomy from the executive branch and are intended to operate in an impartial, nonpartisan manner.
Find out more on federal agencies at https://brainly.com/question/28484312
#SPJ1
Jen needs more than $120 to go camping. She has already saved $30. Which number line best represents the possible amounts of money jen would need to save to go camping?.
The number line best represents the possible amounts of money Jen would need to save to go camping is drawn below which is more than $90.
Let 'x' be the amount that he required. Then the equation is given as,
x + 30 > 120
x > 120 - 30
x > 90
In the context of business, a number line is a tool used to represent and visualize numerical data, particularly in financial analysis and planning. It is a graphical representation of a range of numbers, typically displayed horizontally with zero in the middle and positive numbers on the right side, and negative numbers on the left side.
In financial analysis, a number line can be used to plot data such as revenue, expenses, profits, and cash flows over a period of time. By visualizing this data on a number line, businesses can better understand trends and make informed decisions about budgeting, forecasting, and resource allocation.
Number lines can also be used in financial planning, particularly for individuals or households. By plotting income, expenses, and savings on a number line, individuals can better understand their financial situation and make informed decisions about spending and saving.
To learn more about Number line visit here:
brainly.com/question/16191404
#SPJ4
river company began the accounting period with a $62,500 debit balance in its accounts receivable account. during the accounting period, river company earned revenue on account of $322,800. the ending accounts receivable balance was $59,900. required based on this information alone, determine the amount of cash inflow from operating activities during the accounting period.
The amount of cash inflow from operating activities during the accounting period is $316,500.
What do you mean by Cash Inflow?Money coming into a business is known as a cash inflow, and it may come through sales, investments, or financing. The reverse of a cash outflow is a cash inflow, which is money entering a business. The capacity of a corporation to produce positive cash flows determines its potential to create value for shareholders.
Accounts receivables:
Beginning Balance = $62,500
Revenue on account = $328,000 $316,500
Cash collected from accounts receivables = [$62500 + 328000—$316,000]
Cash collected from accounts receivables = $74,000
Closing Balance $74,000
Therefore, The amount of cash inflow from operating activities is $316,500.
Learn more about Cash Inflow, here;
https://brainly.com/question/10776890
#SPJ1
Below are several transactions for Witherspoon Incorporated, a small manufacturer of decorative glass designs. Required: For each transaction, indicate whether cash is Involved (yes or no), and. if cash is involved. whether Witherspoon should classify it as operating, investing, or financing in a statement of cash flows, and whether the cash is an inflow or outflow. Enter N/A if the question is not applicable to the statement. Borrow cash from the bank. Purchase supplies on account. Purchase equipment with cash. Provide services on account. Pay cash on account for b above. Sell for cash a warehouse no longer in use. Receive cash on account for d. above. Pay cash to workers for salaries.
For each transaction, indicate whether cash is Involved
Borrow cash from the bank. cash inflow
Purchase supplies on account. cash outflow(Financing Activities)
Purchase equipment with cash. cash outflow (Financing Activities )
Provide services on account cash inflow (Operating Activities)
Pay cash on account for b above. cash outflow
Sell for cash a warehouse no longer in use cash inflow (Financing Activities)
Receive cash on account for d. above. cash inflow
Pay cash to workers for salaries cash outflow (Operating Activities)
What is Cash Flow?Cash flow is referred to as incoming or outgoing cash in the business by performing different operations of the business. These activities can be financing activities, operating activities as well as investing activities.
The inflow of cash is determined as income where as an outflow of cash is determined as a business expense that is required to pay by the business.
Learn more about Business activities, here:
https://brainly.com/question/17254394
#SPJ1
At the end of business on September 1, the total displayed on the cash register tape shows $1,059 of cash sales for the day. However, when th clerk and the supervisor count the cash in the register, the count reveals that $1,050 was actually collected from customers. Complete the following journal entry by selecting the account names and dollar amounts from the drop-down menus Date Account Title Debit Credit Sept. 1
Debit cash for $1,050, debit cash that is over and under by $9, and credit sales for $1,059 .
What happens if the cash over and short account has a credit balance at the conclusion of the term?If there is a credit balance at the end of the quarter, cash short and over should be included in other income. If it had a debit balance, it would be counted as part of other spending types. This account is used to add money to the petty cash fund.
What is it known as when the credit side of a ledger account is more than the debit side?All ledger accounts must be in balance. To balance an account implies to determine the net effect of a transaction, which is the difference between the debit and credit sides of the ledger account. If an account's debit side is higher than its credit side, it is said to have a debit balance.
Sept 1 Cash- (Dr.) 1,050
Cash over and short- (Dr.) 9
Sales- (Cr.0 1,059
Cash over and short = Cash recorded - Actual cash collected = $1,059 - $1,050 = $9
Learn more about ledger accounts: https://brainly.com/question/5720744
#SPJ1
On March 17, Advanced Technologies purchased a patent related to laser surgery techniques. The purchase price of the patent is $1,250,000. The patent is expected to benefit the company for the next five years. The company had the following additional costs: $25,000 in legal fees associated with the purchase and filing of the patent, $40,000 to advertise its new laser surgery techniques, and $50,000 to train employees. None of these additional costs were included in the purchase price or paid to the seller. Now assume that instead of purchasing the patent, Advanced Technologies spent $1,250,000 to develop the patent internally, consisting of personnel ($825,000), equipment ($315,000), and materials ($110,000). All additional costs were incurred for the same amount.
What is the recorded cost of the patent?
The recorded cost of the patent is $1,365,000.
The recorded cost of the patent is the purchase price plus any directly attributable costs. In this case, the purchase price is $1,250,000 and there are additional costs of $25,000 for legal fees, $40,000 for advertising, and $50,000 for employee training, for a total of $1,365,000.If the patent had been developed internally, the recorded cost would be the sum of all costs incurred to develop the patent. In this case, the costs incurred were $1,250,000, consisting of personnel costs of $825,000, equipment costs of $315,000, and materials costs of $110,000, plus any directly attributable costs.Since there are no additional costs in this scenario, the recorded cost of the patent is $1,250,000.
To know more about money and costs visit:
https://brainly.com/question/15567112
#SPJ1
An international strategy is unique in that companies are selling a product that serves universal needs, but they do not Multiple Choice O focus on technology products. pursue R&D. O sell to foreign nations. Oo oo O have significant competition. understand local needs.
A global firm is one that exports internationally or offers services to customers or clients in other nations. The initial step in most organizations' global development plans is typically an international strategy, which involves exporting or importing goods and services while keeping a head office or offices in their home nation.
There is no one method that works for all business ventures that involve global expansion. Companies may decide to invest more in their target markets as they expand and scale.
In reality, businesses can pick from a wide range of models, including:
Using a central office or head office in one nation to coordinate local subsidiaries in foreign markets, transnational enterprises function. Because of this organizational structure, there is just one main brand and operational hub.
To learn more about international strategy from the given link:
https://brainly.com/question/28521558
#SPJ1
Which of the following is an example of a potential benefit that technology brings to business communication? Better communication.
Better communication is an example of a potential benefit that technology brings to business communication. The ease with which distant employees can now be contacted is one of technology's key benefits in workplace interactions.
What advantages does technology have for corporate communications?
Technology makes it possible to communicate more quickly, widely, and effectively. This includes encounters with your coworkers, clients, prospective clients, investors, or the general public.
A potential advantage of technology for business communication is better communication, for instance. One of technology's major contributions to workplace relations is the simplicity with which remote employees may now be contacted.
Therefore, Future workplaces will depend more on remote workers, thus it's critical to have a platform that can connect with them.
Learn more about business communication from the given link.
https://brainly.com/question/30262540
#SPJ1
A company's accounting system consists of a general journal, a cash receipts journal, a cash disbursements journal, a sales journal, and a purchases journal. For each of the following. indicate which journal should be used to record the transaction.
The following journal should be used to record the transaction.
Cash receipts journal: records all cash received including cash sales.Cash payments journal: records all disbursements of cash including cash purchases.How do sales operate?A sale is a contract that calls for the exchange of goods or services for money, among other things. Hence, a sale is any action that involves transferring ownership of a good or service to the buyer in exchange for money.
What does the word "sales" signify when used in a commercial context?
In the context of routine business operations, a sale is any transaction in which money or value is exchanged for the right to own a good or access to a service.
All sales of goods made on credit are recorded in the sales journal.All purchases made on credit are noted in the purchases log.Transactions that cannot be recorded in a specific journal are recorded in the general journal. including modifying, shutting, and fixing errors.To know more about Sales visit:
brainly.com/question/29857652
#SPJ1
Complete question:
goods whose demand varies inversely with money income are called ____ goods.
Goods whose demand varies inversely with money income are called "inferior goods."
What are inferior goods?According to economic theory, demand for inferior goods increases when consumer income rises but demand drops when it does so. As consumer income rises, demand for regular items rises, which is the opposite of this.
The perception of inferior commodities as being of lesser quality or less desirable than other things is the cause of the negative relationship between income and demand for those goods. Consumers are more inclined to buy things that are of higher quality or are thought to be more attractive when they have a higher income, which lowers the demand for subpar goods.
Consumers with lesser incomes, however, can be forced to buy subpar goods because of financial restraints. A client with a higher income, for instance, might decide to buy a brand-name product, whereas a consumer with a lesser income would opt to buy a generic or store-brand product instead.
To know more about inferior goods visit:
https://brainly.com/question/24100151
#SPJ1
Select all that apply Manufacturing overhead ___
a. is directly traceable to units produced b. is an indirect cost c. contains fixed costs d. consists of many different types of costs
Manufacturing overhead is an indirect cost. Hence, option B is correct.
What is Manufacturing?Manufacturing overhead costs are the initial charges that a corporation incurs for things like the purchase of materials and indirect labeling. electricity, machinery, maintenance, factory supplies, insurance, etc.
This is often referred to as "factory overhead," and it refers to costs that are further recorded in the balance sheet or in the profit and loss statement and divided by the company's profit even if they have no direct bearing on manufacturing.
Thus, option B is correct.
For more information about Manufacturing, click here:
https://brainly.com/question/28361026
#SPJ1
Fill in the missing value in the table below
Economics
The values based on the information given in the table will be:
1. Real GDP = 14925.591
2. Nominal GDP = 15783.762
3. Price Index = 1.052
4. Nominal GDP = 16966.49
5. Price Index = 1.087
6. Real GDP = 16518.66
What is Real GDP about?Real gross domestic product (GDP), which refers to the volume level of GDP, is GDP expressed at constant prices. By quantifying the values of all the goods and services produced in a given year in terms of a base period, one can derive constant price estimates of GDP.
However, nominal GDP is divided by the price index multiplied by 100 to get real GDP. The price index's value for the base year is set at 100 to make comparisons easier. Prices were typically lower prior to the base year, so those GDP estimates had to be inflated in order to be comparable to the base year.
Learn more about GDP on:
https://brainly.com/question/1383956
#SPJ1
Which of the following scenarios might occur after anticipating bad debt by setting up an Allowance for Doubtful Accounts?
Select one:
a. A customer is unable to pay the debt.
b. The customer informs the company to expect payment and pays the outstanding amount.
c. The customer is unable to pay the debt when it is due, but will be able to pay it in the future.
d. All the available choices
The correct answer is (c) The customer is unable to pay the debt when it is due, but will be able to pay it in the future.
What is debt?An responsibility to pay money or another agreed-upon value to a third party, the creditor, exists when one party, the debtor, does so.
A deferred payment or series of payments, as opposed to an outright purchase, constitute an obligation.
Debts may be owed by a municipality, a corporation, a sovereign state or country, or an individual.
Contractual provisions governing the amount and timing of principle and interest repayments typically apply to commercial debt. Liabilities include loans, bonds, and mortgages, among others.
Liabilities, as opposed to equity, are a form of financial transaction in financial accounting. There are three primary ways to repay loans: At loan maturity, the entire principal amount may be paid.
The entire principal sum may be amortised over the loan's term. Partially amortising the debt over the period is an option.
To know more about debt, visit:-
https://brainly.com/question/14010055
#SPJ1
Chadwick also bought one share of macy's stock on nov 1, 2016, but he sold it three years later for $13. 54. How much money did he gain/lose with this one share? what is his return on investment?.
The amount that Chadwick gained on this one share was $ 3.54.
The return on investment was 35. 4 %.
How to find the gain ?To calculate Chadwick's gain or loss on the Macy's stock he purchased on November 1, 2016, we need to know the purchase price. Let's assume he purchased the stock for $10.
The formula for calculating gain or loss is:
Gain/Loss = Selling Price - Purchase Price
Gain/Loss = 13.54 - 10
= $3.54
To calculate the return on investment (ROI), we use the following formula:
ROI = (Gain/Loss ÷ Initial Investment) x 100%
ROI = ( 3.54 / 10) x 100%
= 35.4%
Find out more on return on investment at https://brainly.com/question/22985922
#SPJ1
Given the following information, calculate margin of safety percentage:Actual sales: $100,000Contribution margin ratio: .6Fixed costs: $30,000- 50%- 40%- 45%- 55%
From the given information, the margin of safety will be 50%.
What is margin of safety?The margin of safety in break-even analysis is how much output or sales level can fall before a business reaches its break-even point. It's the difference between the expected profit and the break-even point. Current sales minus the breakeven point divided by current sales is the margin of safety formula.
For calculating margin of safety we need to first determine the break-even sales,
Break-even sales = Fixed cost/ Contribution margin ratio
= $30,000/0.6
= $50,000
Margin of safety = Actual sales- Break-even sales
= $100,000- $50,000
= $50,000
Margin of safety( in %) = $50,000/$100,000 × 100
= 50%.
Therefore, 50% is the margin of safety.
To learn more about margin of safety, click here:
https://brainly.com/question/14878387
#SPJ1
Select the correct answer from the drop-down menu.
Which type of college credit program does the statement describe?
The (blank) must take at the end of the course.
program is one of the more common ways to get college credit in high school. It includes an exam that you
A. international baccalaureate
B. Advance placement
C. Dual credit
D. articulated credit
Answer:
Advance placement
quarter 1: organize the division name the company. analyze the market survey. choose the initial target segment. define marketing responsibilities. schedule the opening of one sales outlet.
GrowthMax Inc. will be the name of the division, which focuses on the marketing and sales of consumer electronics and tech items.
What are the marketing responsibilities?Analysis of Market Survey: To determine possible target segments and their preferences, a market study was undertaken. The study found that young adults between the ages of 18 and 35 had a considerable desire for consumer electronics and digital products.
Young adults between the ages of 18 and 35 will be GrowthMax Inc.'s initial target sector, according to the results of a market survey. The company will concentrate on providing high-value, advanced tech items that cater to the interests and needs of this market niche.
Market research, brand development, advertising, and promotion are all included in the marketing duties. The business will employ a multi-channel marketing strategy that combines traditional media like print and television with digital marketing, social media advertising, email marketing, and other online and offline channels.
When Will the First Sales Outlet Open? The first sales outlet will open at the conclusion of the first quarter, in late March. The site will be easily reachable by the target audience and in a busy neighborhood. A wide variety of consumer electronics and tech products will be available at the store, which will also provide customers with an immersive shopping experience thanks to interactive product displays and educated salespeople.
To learn more about sales visit here:
https://brainly.com/question/29857652
#SPJ1
