Karen and Anika chose the small business owners niche target market because of their limited resources and experience as entrepreneurs. A significant downside of targeting a niche market is

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Answer 1

A significant disadvantage of targeting a niche market is the limited potential for business growth.

What is the niche market?

It is a strategy for a company to specialize in a particular area, segmenting its audience and becoming an expert in its area of ​​business.

Therefore, although segmenting a niche market has the advantages of customer loyalty to the brand, this strategy can also reduce the possibility of business growth.

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Related Questions

In the absence of taxes, the value of a firm is the same with debt financing as it is with equity financing because Blank______. Multiple select question. equity financing is actually better than debt financing debt financing is actually better than equity financing MM demonstrated that debt financing is neither better nor worse than equity financing in the absence of taxes the asset to be financed is the same

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MM demonstrated that debt financing is neither better nor worse than equity financing in the absence of taxesthe asset to be financed is the sameWhat is debt financing?

Debt financing is the process through which a business sells debt instruments to retail and/or institutional investors in order to raise funds for working capital or capital expenditures. The people or organizations receiving the funds become creditors and are given the assurance that the principal and interest on the loan will be paid back. The other method of raising money in the debt markets is by issuing stock in a public offering; this process is known as equity financing.

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The monetary arrangements made at bretton woods resulted in what type of exchange rates assigned to member nations’ currencies?

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The monetary arrangements made at bretton woods resulted in  fixed  exchange rates assigned to member nations’ currencies.

What is fixed exchange rate?

Fixed exchange rate can be defined as the way in which  currency does not varies but it is fixed.

When an exchange rate is fixed this means that the currency of a nation or country  is fixed to another country currency and does not fluctuate or vary.

Therefore the monetary arrangements made at bretton woods resulted in  fixed  exchange rates assigned to member nations’ currencies.

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_____ is a guaranteed line of credit in which a bank makes a binding commitment to provide a business with funds up to a specified credit limit at any time during the term of the agreement.

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A guaranteed line of credit in which a bank agrees in writing to offer a company is a revolving credit arrangement that allows for the use of a specific credit limit at any point during the agreement's term.

What exactly is a bank-guaranteed line of credit?

A LOC is an agreement that sets the maximum loan amount that a customer can borrow between a financial institution—typically a bank—and the consumer. If the borrower does not exceed the maximum amount (or credit limit) stipulated in the agreement, they may access funds from the LOC at any time.

The business gives the bank its promise in return for a commission charged on the unutilized money.

Revolving credit arrangement will be the appropriate term to put in the supplied gap.

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Answer it ....the question is in the pic​

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Answer:

business activities in India

1) Manufacturing -

When product is manufacture or made to that it cn be sold in Market 2) storage -

After the product is ready it required some space to store until it would sold in the market

3) transporting

as per the demand it will transport from one place to another

4) financing -

It requires some money to meet the expense before solding a product

5) marketingto let people know about the product so that more products will be sold

There are other activities also such as managing, accounting etc

The field of accounting that focuses on providing information for external decision makers is:.

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The field of accounting that focuses on providing information for external decision makers is Managerial accounting. This is further explained below.

What is Managerial Accounting?

Generally, Information for external decision-makers is the primary emphasis of managerial accounting. For investment decisions, stockholders rely heavily on management accounting data.

In conclusion, Managerial accounting is a branch of accounting that specializes in the dissemination of economic data to external decision-makers.

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An increase in a firm's total asset turnover will:

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An increase in a firm's total asset turnover means that the company is more efficient at using its assets.

What is Asset turnover ratio?

Asset turnover ratio can be regarded as the ration that is found which describes  the value of a company's sales and value of its assets.

It help the company to analyze the efficiency of the company in deploying its assets.

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What might a concept include along with a brief written description of the product?

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Along with a brief description of a product, a concept might include a visual image to satisfy the customer.

What is a Visual image?

A visual image is a visible drawing or diagrammatic expression that represents a concept. A visual image gives an idea of the product and gives a detailed description of what to expect of the product.

When advertising a product, a visual image is needed to satisfy or convince a customer on the particular product.

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Select all that apply
Which two ideas form the foundation for the reinforcement perspective? (Choose every correct answer)

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The ideas that form the foundation for the reinforcement perspective include organizational justice and job enlargement.

What is perspective?

It should be noted that perspective simply means the point of view of an individual regarding a particular issue.

In this case, the ideas that form the foundation for the reinforcement perspective include organizational justice and job enlargement.

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Answer:law of effect

Operant conditioning

Explanation:

What country borders the caspian sea, the persian gulf, and the gulf of oman?.

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Iran, is the country that borders the Caspian sea, the Persian gulf, and the gulf of Oman.

Which countries lie along the Caspian sea, the Persian gulf and the gulf of Oman?

Iran country lies in the Middle-East of the Iraq and Pakistan, that borders the Caspian sea, the Persian gulf, and the gulf of Oman.

The inland sea is connected to the Gulf of Oman from the East and the countries that lie along the Persian Gulf and the Gulf of Oman are Oman, Iraq, Kuwait, Saudi Arabia, etc.

Strait of Hormuz connects the the Persian Gulf to the Arabian Sea.

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To determine the efficiency of a batch of production of electric motors, 8 motors are tested. The average efficiency of the sample is calculated to be 88.5% and the standard deviation of the sample is 0.5 percentage point. (a) Determine a 95% confidence interval for the mean efficiency of the given batch of motors. (b) If we want to cut the confidence interval to one third, how many more motors should be tested

Answers

The 95% confidence interval for the mean efficiency of the given batch of motors is 0.885 [tex]\pm[/tex] 0.418 and 41 motors should be tested to cut the confidence interval to one-third

The 95% confidence interval

The given parameters are:

Mean, [tex]\mu[/tex] = 88.5%Standard deviation, [tex]\sigma[/tex] = 0.5Sample size, n = 8

Here, n is less than 30.

So, we use the t-score

At 95% confidence interval and n = 8, the t-score is:

t = 2.365

So, we have:

[tex]CI = \mu \pm t\frac{\sigma}{\sqrt n}[/tex]

So, we have:

[tex]CI = 88.5\% \pm 2.365 * \frac{0.5}{\sqrt {8}}[/tex]

[tex]CI = 88.5\% \pm \frac{1.1825}{\sqrt(8)}[/tex]

Evaluate the quotient

CI = 88.5% [tex]\pm[/tex] 0.418

Express percentage as decimal

CI = 0.885 [tex]\pm[/tex] 0.418

Hence, the 95% confidence interval for the mean efficiency of the given batch of motors is 0.885 [tex]\pm[/tex] 0.418

The number of motors to be tested

When the interval is cut into one third, we have:

[tex]CI = \frac 13 * (0.885 \pm 0.418)[/tex]

Evaluate

[tex]CI = (0.885 \pm \frac 13 *0.418)[/tex]

[tex]CI = (0.885 \pm 0.139)[/tex]

Recall that:

[tex]CI = \mu \pm t\frac{\sigma}{\sqrt n}[/tex] or [tex]CI = \mu \pm z\frac{\sigma}{\sqrt n}[/tex]

Here, we use the z-score i.e.

[tex]CI = \mu \pm z\frac{\sigma}{\sqrt n}[/tex]

By comparison, we have:

[tex]z\frac{\sigma}{\sqrt n} = 0.139[/tex]

Substitute [tex]\sigma[/tex] = 0.5 and z = 1.960

[tex]1.96 * \frac{0.5}{\sqrt n} = 0.139[/tex]

Evaluate the product

[tex]\frac{0.98}{\sqrt n} = 0.139[/tex]

Solve for [tex]\sqrt n[/tex]

[tex]\sqrt n = \frac{0.98}{0.139}[/tex]

Evaluate the quotient

[tex]\sqrt n = 7.1[/tex]

Square both sides

n = 49

The initial sample size is 8.

Subtract 8 from 49

Difference = 49 - 8

Difference = 41

Hence, 41 motors should be tested to cut the confidence interval to one-third

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if the firm sells its product at the market price of $10 per unit, the marginal revenue product of the fourth worker is

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The marginal revenue product of the fourth worker is $50

What is the marginal revenue product?

The product of the fourth worker is equal to the marginal product of the fourth worker.

The amount that production increases when a fourth worker is added and multiplied by the price of the product.

MRP = (26-21)*$10

MRP = $50.

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The marginal revenue product of the fourth worker if the firm sells its product at the market price of $10 per unit is $50.

What is marginal revenue product?

The marginal revenue product (MRP) of labor refers to the extra revenue earned by hiring an extra unit of labor.

Marginal product(MP): This is the the extra unit of output produced as a result of additional unit of input.

MRP of the fourth worker = MP of the fourth worker × price of the product.= (26 - 21) units × $10= 5 × $10= $50

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5. how do you think magellan's discoveries affected the market demand curve for
spices? what do you think is the main reseason for any change in the market demand
curve for cinnamon during the past 500 years?

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Magellan's discoveries affected the market demand curve for spices by shifting it to the right which meant demand increased.

A change in the market curve for cinnamon would be due to an increase in demand.

How did Magellan's discovery affect the market for spices?

Thanks to Magellan, Europeans were able to get more spices from India and SE Asia without having to go through Arabic lands.

This increase the supply of spices which led to the prices of spices falling. As prices fell, demand then rose to benefit from the lower prices.

This increase in supply was why the market demand curve for cinnamon changed.

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Because the market sector features a few large and dominant competitors, the Big Tech marketplace best illustrates a condition where conditions of ___________ prevail:

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Because the market sector features a few large and dominant competitors, the Big Tech marketplace best illustrates a condition where conditions of "Oligopoly" prevail.

What is an Oligopoly?

A market structure known as an oligopoly occurs when two or more companies hold a large amount of market power. They have the power to control supply and prices when  acting as a group. When the top 4 companies dominate 50% of a market, it is generally referred to as an oligopoly.

Some key features of Oligopoly are-

Few firms with large market share Oligopolistic firms maintain their position in the market by a number of  high barriers to entry.Interdependence - An oligopolistic business will make decisions depending on how they anticipate rivals will respond.Each firm has little market power on its own - each firm has little market power, because other firms are quick to take advantage.Higher prices than in perfect competition - due to their combined market dominance, oligopolies frequently maintain higher pricing in order to generate greater profits.More efficient - Oligopolistic businesses profit from high market shares. They also profit from economies of scale, which allows for cheaper production.

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Which team dysfunction does safe help address with the help of business owners

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The team dysfunction that is addressed by SAFe with the help of business owners is the lack of accountability.

What is the loss of accountability?

This can be defined as the scenario that occurs where people fail to take responsibilities for their lack of actions.

This may impede the growth of a team. Therefore it is very necessary that this is addressed to avoid issues.

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What does the information demonstrate about alex’s investments?

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The information demonstrates about that Alex's investments would most likely would have benefited by diversifying.

What is a diversification?

This refers to the act of adopting a growth strategy that involves entering into a new industry while also creating a new product for that new market.

Hence, based on the information given, it is deduced that Alex's investments would most likely would have benefited by diversifying.

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Theoretically high taxes slow the economy because

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High taxes in theory would slow the economy because they redirect money from the private sector to the government and reduce consumption.

How do high taxes slow the economy?

The economy grows when the private sector produces more and grows. High taxes will take money from this sector which would leave less cash for growth investment.

High taxes also reduce the amount that people have for consumption which would reduce Aggregate demand.

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The costs incurred by the firm when new issues of stocks or bonds are sold are called:

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The costs incurred by the firm when new issues of stocks or bonds are sold are called: Flotation costs.

What are flotation costs?

When publicly trade companies issues new securities, these are the costs that are incurred.

These would make the new equity that this firm has to be more expensive than it formerly was.

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Marketing ethics can be defined as: Group of answer choices a broad concept that relates to a firm's obligation to maximize its positive impact on society. that part of a corporate culture that relates to a firm's expectations about appropriate conduct. principles and standards that define acceptable marketing conduct. activities involving extra steps to increase the firm's overall positive impact on society, the local community, and the environment. the economic responsibility of making a profit.

Answers

Marketing ethics can be defined principles and standards that define acceptable marketing conduct.

What is Marketing ethics?

Marketing ethics can be regarded as the principle that guides the process of marketing so as to be able to achieve the goal of increase in the profit of the organization.

Therefore, Marketing ethics can be defined principles and standards that define acceptable marketing conduct.

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Suppose the government grants a subsidy to the producers for every car produced. The change in the amount sold will be greater when:


there is a greater number of close substitutes available to the consumer


the price elasticity of demand is inelastic.


the price elasticity of demand for cars is greater


the amount of the subsidy is smaller

Answers

The change in the amount sold will be greater when the price elasticity of demand is greater than 1. (option 3).

What is price elasticity of demand?

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

Demand is elastic when the coefficient of demand is greater than one. This means that for a small change in price, the quantity demanded would be greater.

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When division of labor is extensive, a. employees are often highly challenged. b. employees specialize in many tasks. c. jobs tend to be large. d. employees specialize in a single task. e. employees are often inefficient.

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When there is an extensive labor division than employees specialize in a single task. Thus the correct option is (D).

What is Division of labor?

The concept of the Division of the labor is included in the 14 principles of Henry Fayol which refers to the breakdown of the work of the labor which is to be performed by the specific worker.

The Division of labor leads to the specialization of the specific task. In other words it can be said that the labor or worker becomes the expert in his particular field of job.

Therefore the correct option is (D).

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The interaction of world supply and demand determines the equilibrium ______.

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The interaction of world supply and demand determines the equilibrium world price.

What is Supply?

Supply can be seen as the number of resources, goods, or products a producer or manufacturer is willing and able to provide to an individual or marketplace.

The relationship between the world supply and demand determines the level of equilibrium of the world price for that particular product.

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Archaeologists found an ancient inca tomb under an ordinary home in which world capital?.

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An Ancient Inca tomb was founded by the archaeologists in the capital of Peru under an ordinary home.

Who were the archaeologists?

Archaeologists are the individuals who study the artifacts of historical eras and also excavate the sites that existed in the ancient era.

Archaeologists have found the tomb of the Inca civilization which was wrapped in cloth along with burials of ceramics and fine jewels of that time. It was a structure built over the time span of 500 years back. The tomb was one of the most prominent architects of the Inca civilization.

Therefore, the archaeologists found the tomb of the Inca Empire in the capital of Peru.

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Which best explains why international trade agreements are beneficial for developing economies?.

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They can help countries to grow quickly.

Categories for housing structures with different attributes include:

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Categories for housing structures with different attributes includemultiple-unit dwelling.

What is housing structures?

Residential structure can be regarded as the  structure that is been  used, which is very suitable for dwelling which could be a single- or multi-family home.

This could be categorized as :

house trailermotor home,mobile home condominium

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The costs of producing, distributing and promoting the product will all influence the product's:

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The costs of producing, distributing and promoting the product will all influence the product's PRICE

What are products?

Products are goods and services offered by an organization. These products can be tangible or intangible. Most intangible products are in form of ideas.

The costs of producing, distributing and promoting the product will all influence the product's price. The higher the price, the lower the level of demand and vice versa.

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imagine that a new study reveals that onion consumption is correlated with cancer. this shift in popularity will likely cause the new demand curve to run through which of the following points?

Answers

If there is a study that shows that onion causes cancer it would cause the new demand curve to go lower on its points.

How is the demand for onion going to be affected.

Given that it has been established that onion consumption leads to cancer. There would be a great reduction in the number of sales for onion.

People would want to stop consuming the product so that they would nit be affected by the disease.

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The failure to properly record an adjusting entry to accrue an expense will result in an:

Answers

The failure to properly record an adjusting entry to accrue an expense will result in an understatement of expenses and an understatement of liabilities. This is further explained below.

What are expenses?

Generally, expenses are simply defined as what it would take or what it would cost to do anything.

In conclusion, Incorrectly recording an accrual adjustment entry will result in a misstatement of both costs and liabilities.

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When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit __________. a. primary first, followed by secondary and supplemental b. three separate claims c. one claim for all policies d. a separate claim for each policy

Answers

When the same payer issues the primary, secondary, or supplemental policies, the correct procedure for submitting the claim would be to submit: c. one claim for all policies.

What is insurance claim?

An insurance claim can be defined  as the way in which a policyholder request that the insurance company under which the policyholder is covered  pay for the damage or damages the policyholder incurred.

In  a situation where the same payer issues both primary and secondary polices they have to submit one claim for all the policies.

Therefore the correct option is C.

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if an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing ______.

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If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.

What is structural stagnation?

This stagnation is attached to economies that are matured and it occurs when growth rate do the economy decreases rather than increasing.

The population may be decreasing and yet the country is experiencing stagnation.

Therefore, If an economy is experiencing a cyclical downturn and output does not return to the secular growth trend, the economy is said to be experiencing structural stagnation.

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which of the following is not correct with respect to using bcc for recipients of a message?

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The option that is not correct with respect to using bcc for recipients of a message is this:

It should be the default for all correspondence.What is the Blind Carbon Copy?

Blind carbon copy is a way of preventing the recipients of a bulk message from viewing the other addressees. While it is a very good privacy option, it is not expected to be the default for all correspondence.

Sometimes, the addressees might have to view their counterparts so BCC is enabled in such cases.

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Which membranous structures conduct impulses through the sarcoplasm to stimulate the release of calcium?. Consider a student loan of $12, 500 at a fixed APR rate of 9% for 25 years.a. Calculate the monthly paymentb. Determine the total amount paid over the term of the loanc. Of the total amount paid, what percentage is paid toward the principal and what percentage is paid for interest. Data are often arranged to highlight particular patterns. What other ways might you arrange the data shown in the Sample of Elements table? I want to know about the history of The Opium War Which of the following is equivalent to the logarithmic equation below? in x=3 What is:[tex]5x + 5 = 5 \times (10 \div 5)[/tex]Solve this equation. Which of the following describes the characteristics of the offspring of across between pure-breeding tall plants?A. There is not enough information to answer the question.B. They will all be short.C. Some will be tall, and some will be short.D. They will all be tall. Help please I'll mark you as brainlist if the answer is correct if (x + q) is a factor of two polynomials x2 + px + q and x2 + mx + n, then prove that a = n-q m-p 8. Which of the following represents a chemical change?A. Decaying foodB. Cutting breadC. Shaping cookie doughD. Mixing oil and water For what purpose does Mandela use parallel structure in the final paragraph? The Fatwa Council in Egypt is an alternative legal structure used to solve disputes and avoid the interference and control of the state legal system. Despite the fact that these structures do not have the power to make people obey the outcome, individuals seeking redress here generally do comply with the results carefully. A key difference between the fatwa and the court system is that in the fatwa system: Use the properties of exponents to rewrite this expression. Then evaluate the rewritten expression for the given values tocomplete the statement.(11jk) (4)When j = -8and k = 7 What does the graph show about the importance of clean air?People have a lower risk of dying from COPD when compared to acute lower respiratory infections.The health risk is the highest for getting lung cancer when people are exposed to indoor air pollution.Most people will die from the negative health effects associated with stroke as indoor dirty air builds up.The risk of developing acute lower respiratory infection and ischemic heart disease is the same when exposed to indoor air pollution. Benjamin Moore Company provides paint and supplies to businesses and individuals through its network of company-owned retail outlets. Benjamin Moore employs outside sales representatives who make personal calls with prospects and customers in order to gain insight about their needs and persuade them to utilize Benjamin Moore for their painting projects. Typically, a Benjamin Moore sales representative will focus his or her efforts on specific customers such as hospital facility managers, apartment complex managers, painting contractors, or education institution facility managers. Benjamin Moore is utilizing the ______ variable for segmenting business markets. What described step three of a muscle contraction What was the effect of the Treaty of Fort Stanwix? It led to the withdrawal of French forces from the Ohio Valley. It heightened western tensions as more settlers moved into the Ohio Valley and agitated to establish a new colony. It forced the Indians in the Ohio Valley to move west of the Mississippi River. It prevented American settlers from moving west of the Appalachian Mountains. It opened the Great Lakes to trade by American settlers. Acid precipitation can dissolve aluminum from soil. As aluminum is dissolved, it can flow into lakes and contaminate the water. High concentrations of aluminum inlakes is fatal to many forms of aquatic life. This scenario provides evidence for which of theseconcepts?A. Environmental change always has a negative impact on organisms.B. Acid rain is the most important environmental problem to address.C. Acid rain is the leading cause of death to fish in lakes.D. Environmental change can impact the quality of life for living organisms. What mental health professionals now call conversion disorder, Freud called please who can give me the definition of density in terms of Archimedes principle. A ration of two numbers is equal to 3:8 if the smaller number is 14 find the greatest number