Business, 06.02.2021 02:30 mixcolin0002

Take a quick look at all the market segments by clicking on the SEGMENTS/SUMMARY tab. As you analyze the opportunity for each segment, pay particular attention to the DEMOGRAPHICS for each segment. As you do so, note the SEGMENT SIZE of each market and its GROWTH RATE. From looking at the information provided about each segment, which segment represents the greatest portion of the entire market at close to 36%?

Answers: 3

Show answers

Answers

Answer from: natalie857123

Question Completion:

Demographic Data on Market Segments

Segment Market Growth Purchase Average

Size Rate Behavior Price

Urban Commuters 20,000 3% 23% $45.00

School Children 35,000 1% 20% $24.00

Outdoor Enthusiasts 14,000 5% 12% $90.00

Luxury Trend Followers 5,000 7% 11% $70.00

University Students 24,000 5% 15% $32.00

From looking at the information provided about each segment, the segment which represents the greatest portion of the entire market at close to 36% is:

School Children.

Explanation:

a) Data and Calculations:

Demographic Data on Market Segments

Segment Market Growth Purchase Average Market

Size Rate Behavior Price Size %

Urban Commuters 20,000 3% 23% $45.00 20.4%

School Children 35,000 1% 20% $24.00 35.7%

Outdoor Enthusiasts 14,000 5% 12% $90.00 14.3%

Luxury Trend Followers 5,000 7% 11% $70.00 5.1%

University Students 24,000 5% 15% $32.00 24.5%

Total market size 98,000

b) Market Size in percentage is computed as a ratio of each market segment to the total market size. Companies engage in market segmentation and sizing by dividing a target market into smaller, more defined categories that share similar characteristics such as demographics, interests, needs, or locations. The purpose is to identify the different groups within the target market so that more tailored and valuable goods and services can be provided to meet the customers' sweet spots.

Answer from: Quest

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Answer from: Quest

This app is rigge im si mad

Another question on Business

Business, 21.06.2019 22:50

The following data pertains to activity and costs for two months: june july activity level in 10,000 12,000 direct materials $16,000 $ ? fixed factory rent 12,000 ? manufacturing overhead 10,000 ? total cost $38,000 $42,900 assuming that these activity levels are within the relevant range, the manufacturing overhead for july was: a) $10,000 b) $11,700 c) $19,000 d) $9,300

Answers: 2

Answer

Business, 22.06.2019 03:00

Which of the following is not a consideration when determining your asset allocation

Answers: 3

Answer

Business, 22.06.2019 12:30

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Answers: 1

Answer

Business, 22.06.2019 23:00

The quinoa seed is in high demand in wealthier countries such as the u.s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

Answers: 3

Answer

You know the right answer?

Take a quick look at all the market segments by clicking on the SEGMENTS/SUMMARY tab. As you analyze...

Questions