Given, Amount invested = $94 Dividend paid = $0.5 Selling price = $95 The dividend yield is the amount of dividend paid as a percentage of the price paid for the security.
Capital gain yield is the percentage gain earned on the security assuming it was sold at the current market price. Initial price
= $94 Dividend paid
= $0.5Price after dividend payment
= $95 - $0.5 = $94.5
Dividend yield
= (Dividend per share / Price per share) x 100% Dividend yield
= (0.5 / 94) x 100% Dividend yield
= 0.53% Current price
= $95Capital gain
= $95 - $94
= $1 Capital gain yield
= (Capital gain / Initial price) x 100%Capital gain yield
= (1 / 94) x 100%Capital gain yield
= 1.06%
Therefore, the dividend yield is 0.53% and the capital gain yield is 1.06%.
To know more about Dividend refer to:
https://brainly.com/question/2960815
#SPJ11
Explain what is economies of scale. Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
In the field of business, economies scale is the lowering cost of production when the production has made enough number of products. The taxicab industry should be subject to significant economies of scale so that the taxicabs can purchase raw materials in bulk.
Economies of scale is a phenomenon in which the cost of producing an item decreases as the number of items produced increases.
This is because when companies produce more of a product, they often gain access to lower-cost materials, and cheaper labor, and are able to share fixed costs over more items.
In regards to the taxicab industry in large cities, it certainly could be subject to significant economies of scale.
With larger-scale production, taxi companies may be able to purchase vehicles in bulk for a discounted price.
In addition, they would have access to cheaper labor due to increased competition. Furthermore, taxi companies can share common costs like insurance and rent over more customers and vehicles.
To learn more about economies, click here:
https://brainly.com/question/20718370
#SPJ4
Define ''limited in stock''
Answer:
Explanation:
it means that the product wont be around aymore since its limited to retailer?
what are the two general areas of specialization in accounting?
Answer:
Financial Accounting. Financial accounting is an area of accounting that deals with the recording, classifying, reporting and interpreting of a business financial performance and economic conditions to interested users ...
Managerial Accounting. Managerial Accounting is an area of accounting that deals with accumulation of financial information and preparation of reports for internal users only, like the company’s management or ...
Cost Accounting. Cost Accounting is an area of accounting that captures and accumulates manufacturing or production costs for internal use of an entity’s management, used in decision making purpose.
Explanation:
Ofac requires depository institutions that hold blocked property to file annual reports by.
Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
What is annual report?It should be noted that annual report is a document which describes the financial condition of a company for the previous year.
In this case, Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
Learn more about annual report on:
brainly.com/question/17149546
#SPJ1
suggest any 5 methods by which the condition of technical education can be improved
Answer:
Acknowledge and address overcrowding.
Make funding schools a priority.
Address the school-to-prison pipeline.
Raise standards for teachers.
Put classroom-running and curriculum-building decisions in the hands of the community.
Explanation:
Technology can be utilized to improve teaching and learning and help our students be successful. ... Through the use of learning management systems (LMS) students can access online resources to get assistance on demand beyond the physical reach of their teacher. Technology can also extend education in another way.
assisted projects aimed at improving technical and vocational education. Introduction ... priorities as defined by aid recipients (see, for example, Gray &.
Technical education is a term applied to schools, institutions, and educational programs that specialize in the skilled trades, applied sciences, modern technologies.
true or false 1. consideration is a requirement for contracts to be enforceable, unless the parties agree otherwise in writing.
Consideration is a requirement for contracts to be enforceable, unless the parties agree otherwise in writing" is true.
Consideration is an essential element for a contract to be legally enforceable. However, parties may agree otherwise in writing, in which case the contract can still be enforceable without consideration.
This is typically done through a promissory estoppel or a deed, which are exceptions to the general rule that consideration is required.
To know more about enforceable refer here:
https://brainly.com/question/1306203#
#SPJ11
Assume the economy is operating at P1Y2.
Which of the following would cause a shift to bring the economy to P3Yf?
Real wages fall.
Productivity increases.
Personal income taxes increase.
Transfer payments decrease.
A major hurricane hits the southeastern United States.
The decrease in aggregate demand would also reduce productivity and lead to a decrease in output and employment.
What is employment?Employment is an agreement between two parties, usually based on a contract, where work is exchanged for compensation, such as wages, salary, or commission. Employment is typically for a fixed period of time, and the employer usually has the right to dismiss an employee for a legitimate reason. Employment typically involves an exchange of services, knowledge, skills and experience for remuneration. Employment can be either full-time, part-time, or casual, depending on the type of job and the agreement between the employer and the employee.
A major hurricane hitting the southeastern United States would cause a shift to bring the economy to P3Yf as it would reduce aggregate demand in the affected areas, resulting in a decrease in consumption and investment spending. This would lead to a contraction in output and employment, resulting in a decrease in real wages, a decrease in transfer payments, and an increase in personal income taxes.
To learn more about employment
https://brainly.com/question/29318513
#SPJ1
what is product placement
Answer: A practice in which manufacturers of goods or providers of a service gain exposure for their products by paying for them to be featured in movies and television programs.
Explanation:
Explanation:
Product placement Is where a company or seller places a product In a certain location so that the consumer Is more apt to buy that product, such as a candy bar or pack of gum near the cash register, leading the consumer to an impulse buy.
Prepaid expenses require what type of adjusting entry? Question options: Matched Accumulated Accrued Deferral
Answer:
deferral
Explanation:
Adjusting entries are when changes are made to already recorded journal entries.
Categories of adjusting entries :
accrued revenuesaccrued expensesunearned revenuesprepaid expensesdepreciation.Prepaid expenses are payments made for services yet to be delivered.
For example, paying for a year's worth of subscription on your streaming service
Prepaid expenses is an example of deferred payment, so the adjustment should be a deferral
Which situation most directly illustrates a possible outcome of a fiscal
policy?
A. New environmental regulations make drinking water in a city safer.
B. The government decides it is time to print a great deal of new
money
O C. Struggling farmers receive less assistance from the government.
O D. A company decides to expand its operations into several new
states
Answer:
C
Explanation:
The correct answer would be option C that says that the struggling farmers receive less assistance from the government as fiscal policies are associated with determining the expenses and taxation policies to the various sectors to regulate the direction of the economy.
There are two types of Fiscal Policy that are Expansionary and Contractionary.
Expansionary fiscal policy:
deals with an increase in spending and/ or relaxing in taxation by the government so that consumers in the economy get more money.Contractionary policy:
deals with reducing spending and/ or increasing taxation.In this case, farmers did not get assistance from the government due to reducing the amount of Federal money available for farming and farmers is an illustration of Contractionary fiscal policy.
Learn more about Fiscal policy:
https://brainly.com/question/1114207
1) When Eaton's customers became aware that they needed solutions for power management, energy savings, green technologies, and LEED certification, they were in which phase of the business buying process? a not selected option a Product specification b not selected option b Problem recognition c not selected option c Proposal solicitation d not selected option d Performance review e not selected option e General need description
Answer:
b Problem recognition
Explanation:
Eaton's customers are at the stage of problem recognition because they are recognizing a problem or necessity that hey have, and have determined what goods and services will meet that necessity or solve that problem.
In this case, the necessity is likely related to sustainability, and the goods and services that have been determined to meet that necessity are: solutions for power management, energy savings, green technologies, and LEED certification.
The exchange rate between non-fixed currencies continuously fluctuates. The following chart shows the exchange rate of the pound sterling to the Japanese yen over a period of six days. Day £:¥ Monday 1:141.014 Tuesday 1:138.650 Wednesday 1:149.890 Thursday 1:144.209 Friday 1:148.176 Saturday 1:143.008 Tina has £72.90 to turn into yen. How much greater is the amount of yen she would receive if she made her trade on the most favorable day than if she made her trade on the least favorable day
Answer: D
Explanation: just took it
The greater the amount she would receive if she traded on the most favorable day as opposed to the least favorable day is ¥819.396.
What is the difference in the value of the trade?Exchange rate is the amount of one currency that is traded for another currency.
The most favorable time that the trade can be executed in when the yen has the highest value while the most unfavorable time the trade can be executed is when the yen would have the lowest value.
Most favorable trade : £72.90 x 149.890 = 10,926.98Least favorable trade: £72.90 x 138.650 = 10,107.59Difference in trade = 10,926.98 - 10,107.59 = 819.396To learn more about exchange rate, please check: https://brainly.com/question/25780725
#SPJ2
Required information Problem 5-3A Record transactions related to accounts receivable (LO5-3, 5-4, 5-5) Skip to question [The following information applies to the questions displayed below.] The following events occur for The Underwood Corporation during 2021 and 2022, its first two years of operations. June 12, 2021 Provide services to customers on account for $34,400. September 17, 2021 Receive $19,500 from customers on account. December 31, 2021 Estimate that 45% of accounts receivable at the end of the year will not be received. March 4, 2022 Provide services to customers on account for $49,400. May 20, 2022 Receive $10,000 from customers for services provided in 2021. July 2, 2022 Write off the remaining amounts owed from services provided in 2021. October 19, 2022 Receive $39,500 from customers for services provided in 2022. December 31, 2022 Estimate that 45% of accounts receivable at the end of the year will not be received.
The Underwood Corporation must record the above transactions with debits to the Accounts Receivable account and credits to the Cash account or Service Revenue account.
The Underwood Corporation recorded the following transactions related to accounts receivable for 2021 and 2022:
June 12, 2021
Debit Accounts Receivable: $34,400
Credit Revenue: $34,400
September 17, 2021
Debit Cash: $19,500
Credit Accounts Receivable: $19,500
December 31, 2021
Debit Allowance for Doubtful Accounts: $15,390
Credit Accounts Receivable: $15,390
March 4, 2022
Debit Accounts Receivable: $49,400
Credit Revenue: $49,400
May 20, 2022
Debit Cash: $10,000
Credit Accounts Receivable: $10,000
July 2, 2022
Debit Allowance for Doubtful Accounts: $19,835
Credit Accounts Receivable: $19,835
October 19, 2022
Debit Cash: $39,500
Credit Accounts Receivable: $39,500
December 31, 2022
Debit Allowance for Doubtful Accounts: $21,670
Credit Accounts Receivable: $21,670
To know more about account visit :-
https://brainly.com/question/25818207
#SPJ4
What happens when humans build homes and business?
Humans build homes and businesses to live properly without financial burden. The shelter is one of the fundamental requirements for every human being be it financial, along with food and clothing. It protects human beings from wild animals, natural disasters, and changing climatic conditions.
The shelter is one of the fundamental requirements for every human being along with food and clothing. It protects human beings from wild animals, natural disasters, and changing climatic conditions. So, humans need shelter to feel protected and for a sense of well-being. It is a comfortable place for a person where one can rest, rejuvenate and revive. Thus humans build homes and businesses to live properly without financial burden.
So, humans need shelter to feel protected and for a sense of well-being.
Learn more about humans, here:
https://brainly.com/question/11655619
#SPJ4
A. What are the differences of time basis and piece rate basis system?
B. Nora is a Business Analytics Manager at Namshi a multinational E-commerce company. She is paid OMR 25 per hour based on hourly rate, for 40 hours per week. According, to the agreement, she is eligible for overtime (time-and-a-half pay). Calculate the following.
4. If Nora worked for 58 hours in a week, what is her gross pay?
5. What is her overtime rate per hour?
6. What is her total overtime allowance?
A. The main difference between a time basis and a piece rate basis system is the method of calculating wages. In a time basis system, employees are paid based on the time they spend working, typically on an hourly or weekly basis. In a piece rate system, employees are paid based on the number of items or units they produce. This means that their wages are directly linked to their productivity levels.
B. 4. Nora's gross pay for working 58 hours in a week would be calculated as follows: OMR 1,675.
5. Nora's overtime rate per hour is OMR 37.5 .
6. Nora's total overtime allowance is OMR 675.
A. The time basis system and piece-rate basis system are two different methods of compensating employees for their work.
- Time basis system: In this system, employees are paid based on the amount of time they work, such as an hourly rate or a salary. This method is commonly used for jobs that require a certain number of hours to be worked each day or week, such as office jobs or retail positions.
- Piece-rate basis system: In this system, employees are paid based on the number of units they produce or services they provide. This method is commonly used in manufacturing, construction, and other industries where employees can produce a variable number of units in a given amount of time.
B. Nora is a Business Analytics Manager at Namshi a multinational E-commerce company. She is paid OMR 25 per hour based on the hourly rate, for 40 hours per week. According to the agreement, she is eligible for overtime (time-and-a-half pay).
- For the first 40 hours, she would be paid her regular hourly rate of OMR 25 per hour, which would total OMR 1,000 (40 x OMR 25).
To calculate Nora's total overtime allowance, we need to calculate how many overtime hours she worked and then multiply that by her overtime rate:
Overtime hours = 58 hours - 40 hours = 18 hours
- For the additional 18 hours, she would be paid at time-and-a-half, which means she would receive OMR 37.5 per hour (OMR 25 x 1.5). This would total OMR 675 (18 x OMR 37.5).
4. Adding these two amounts together, Nora's gross pay for the week would be OMR 1,675.
5. Nora's overtime rate per hour is calculated as time-and-a-half of her regular hourly rate. Therefore, her overtime rate per hour is OMR 37.5 (OMR 25 x 1.5).
6. Nora's total overtime allowance is calculated by multiplying her overtime rate per hour by the number of overtime hours worked. In this case, Nora worked 18 overtime hours, so her total overtime allowance is OMR 675 (18 x OMR 37.5).
Learn more about gross pay here:
https://brainly.com/question/13793671
#SPJ11
What business management system seeks to streamline an organization’s activities to prevent backlogs and inefficiencies?
Lean Management is a type of business management that aims to simplify an organization's operations in order to avoid backlogs and inefficiencies.
What are the 5 lean management principles?The five lean management principles are as follows: 1.Value: Concentrate on providing value to customers while eliminating waste. 2.Value Stream: Identify and eliminate waste in each step required to deliver value. 3.Flow: Make sure the value stream runs smoothly and continuously, with no interruptions or delays. 4.Pull: Produce only what is required, when it is required, and in the quantity required by the customer. 5.Continuous Improvement: Strive to improve the value stream on a continuous basis by identifying and eliminating waste, improving flow, and increasing efficiency and effectiveness. These principles are used to streamline and improve the efficiency of an organization's activities, resulting in lower costs, higher customer satisfaction, and increased profitability.
To Know more about Business management system Visit:
brainly.com/question/24852210
#SPJ4
Factors of production are: the laws that regulate manufacturers. the technological innovations available to companies. the resources used to create output. the waste left over after goods are produced.
Answer:
the resources used to create output.
Explanation:
Factors of production are the resources used to create output.
They include :
Land : land is all natural resources used in the production process.
Capital - Capital includes all man made resources used in the production process
Labor : all human effort expended in the production process
Entrepreneurship : organizes all other factors of production
what is the marginal cost of producing the fifth unit of output
Marginal cost is the additional cost incurred in producing an additional unit of a product or service. It is calculated as the change in total cost divided by the change in the total number of units produced.
In other words, it is the cost of producing one extra unit of output. The marginal cost of producing the fifth unit of output can be calculated by dividing the change in total cost by the change in output. For instance, let's say the total cost of producing 4 units of output is $100, and the total cost of producing 5 units of output is $120. The change in total cost is $20 ($120-$100), and the change in output is 1 unit (from 4 to 5 units). Therefore, the marginal cost of producing the fifth unit of output is $20/1 = $20.In this scenario, it costs $20 to produce the fifth unit of output. If the marginal cost is greater than the price that a firm can charge for the product, then it would not be profitable to produce additional units beyond that point. Conversely, if the marginal cost is less than the price, the firm can continue to produce more units and generate a profit.
To know more about Marginal cost visit:
https://brainly.com/question/14923834
#SPJ11
As a type of sales promotion, ______ take the form of advertising signs, which sometimes actually hold or display the product and are often located in high-traffic areas in stores. Multiple choice question. premiums point-of-purchase displays trade promotions product placement
Answer:
point-of-purchase displays
Explanation:
point-of-purchase displays
What are the 5 main conflict?
The 5 main conflicts are man vs. Self, man vs. man.
Man vs. Self. This sort of warfare is typically resulting from something external — but the battle itself takes vicinity inside.guy vs. man.guy vs. Nature.guy vs. Society.guy vs. Supernatural.The opposing force created, the conflict in the story usually comes in four basic sorts: war with the self, battle with others, war with the environment and battle with the supernatural.
A relevant struggle and climax refers to a story's inciting incident, its primary 5 main conflicts that advances the plot's factors, and how the tale's climax is resolved. right here, the vital conflict is defined as whilst a primary person's strongest desire is met with the aid of an similarly strong internal or external obstacle.
Learn more about 5 main conflict here:-https://brainly.com/question/29425685
#SPJ4
Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.
Answer:
Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.
Why is the fed often referred to as a "lender of last resort," or the last lender to turn to in a crisis?.
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A lender of last resort is the organization in a business system that serves as the provider of liquidity to a business company which finds itself incapable to achieve enough liquidity in the interbank lending market and other facilities or sources have been consumed.
Can you give me brainliest please?
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
Step 1: Read each section of the scenario on your own.
a) If you have questions about how to complete this assignment, ask your teacher for assistance.
b) If you need help understanding any of the terms or equations used in the scenarios and questions, ask your teacher for assistance.
Step 2: Participate in a group discussion to answer the questions in each section.
a) Meet with your assigned group to discuss the questions for each scenario.
b) Remember to take notes and follow the rules for group discussions.
c) Use your notes from the discussion to answer the questions.
Step 3: Use this checklist to evaluate your project.
If you can check each box below, you are ready to submit your project.
Did you read each scenario carefully?
Did you participate in the group discussion?
Did you take notes during the discussion?
Did you support your ideas with facts and details from the scenarios?
Did you use your notes from the discussion to answer the questions?
Is your worksheet free of errors in spelling and grammar?
Step 4: Revise and submit your project.
a) If you were unable to check off all of the requirements on the checklist, go back and make sure that your project is complete. Save your project before submitting it.
That your project is complete When you are finished, submit your project to your teacher.
What is project?Projects are defined as unique, temporary endeavors undertaken to create a specific product, service, or result. Projects require a clear definition of objectives, activities, resources, and timelines to be successful. Projects can range from small and simple to large and complex, with each requiring a different level of planning and management. Projects are typically managed by a project manager who, with the help of a project team, works to ensure the project is completed within the desired timeframe and budget.
To learn more about project
https://brainly.com/question/27995740
#SPJ1
Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
A. AFP and AMA
B. AFP and ACS
C. AMA and AIA
D. AIA and ACS
Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA
A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.
A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.
A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.
Learn more about financial advisor here: https://brainly.com/question/28405498
#SPJ9
19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio
Answer:
Internet
Explanation:
Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
For more about Marginal revenue refer to the link:https://brainly.com/question/12231343
A __________ breach of contract discharges the nonbreaching party’s duties and permits that party to sue for damages or __________ the contract and seek __________.
A material breach of contract discharges the non breaching party’s duties and permits that party to sue for damages or revoke the contract and seek a temporary injunction.
A material breach allowed by the contract cannot even come close to being a breach, much less a significant breach, according to contract law. Additionally, the duties sum was not paid. You would have the right to sue if you ordered a computer online and only received the monitor because that would constitute a serious non breaching of the contract. There are numerous ways a contract might be broken, however the following are the most typical: Content Breach Impertinent Breach.
To learn more about non breaching, click here.
https://brainly.com/question/14454694
#SPJ1
In general, what would a POSITIVE
consequence of buying an economy car include?
A. limited environmental impact
B. worse gas mileage
C. smaller passenger capacity
D. less space
The positive consequence of buying an economy car includes limited environmental impact.
Explanation: Economy cars are well known for their affordability when you want to rent a vehicle for your trips or vacation. These cars have great fuel economy i.e about 22-36 MBG.
These cars do not consume a lot of gas and thus reduce the dependency on fossil fuels and we know that the lesser the Car consumes fuel, the lesser the smoke will come out after exhaustion which will directly decrease the percentage of harmful gases like carbon dioxide, nitrogen oxide, hydrocarbons, and carbon monoxide. These are the gases that are responsible for the depletion of the ozone layer, causing harm to us and the environment.
It's been estimated that Economy cars reduce pollution by an estimation of about 50%. Thus, we can say that buying an economy car will have limited environmental impact.
Limited environmental impact would a positive consequence of buying an economy car include. Hence, option A is correct.
What is Limited environmental impact?A material or component that may be reused directly after reaching the end of its useful life with little to no additional processing has the lowest environmental impact. the year 2012's Advanced Materials in Automotive Engineering.
Environmental impacts are alterations to the built or natural environment that are a direct outcome of an activity and that may have a negative influence on the wildlife, fish, fisheries, fish, and other residents of the ecosystem.
Healthy ecosystems maintain our soil, clean our air, control the climate, recycle nutrients, and give us food. They offer resources and raw materials for making medications and other things.
Thus, option A is correct.
For more information about Limited environmental impact, click here:
https://brainly.com/question/29416025
#SPJ2
Look positively at objections offered by prospects because an objection often reveals the key to a successful sale. If prospects have been properly qualified, then offering sales resistance is another way for them to say:
A. "I do not want to buy your product at this time."
B. "I want to buy as soon as you give me a few more facts or answers that reassure me that buying from you is the smart thing to do."
C. "I like your product, but I like your competitor's better."
D. "Your product is nice, but we cannot utilize it at present."
E. Any of the above are logical.
Answer:
B. "I want to buy as soon as you give me a few more facts or answers that reassure me that buying from you is the smart thing to do."
Explanation:
In the case wghen the prospects would be qualified as compared to the offering sales that represent the another way so here it can be said that want to purchase as soon as it provided more facts or answers that given assurance for purchasing from you which shows the smart thing to be done
Therefore the option b is correct
And, the rest of the options would be incorrect
I would like to buy as quickly as you can provide me with a few more data or answers that persuade me that buying from you is the best option."
When customers are qualified as opposed to offering sales, it can be argued that they want to buy as soon as they are given additional facts or answers that give them confidence to buy from you, which is a wise thing to do.
So, the option "B" is the correct answer to the following question.
Learn more:https://brainly.com/question/2692222?referrer=searchResults
while some segmentation methods rely on external descriptions and factors to break down the market, blank segmentation relies on consumers' descriptions of themselves. multiple choice question. geo-demographic psychographic demographic benefit geographic
Psychographic segmentation is a segmentation technique that uses consumers' self-descriptions. This technique is helpful for locating customers with similar requirements and preferences
A segmentation method that makes use of consumers' self-descriptions is called psychographic segmentation. Consumers are categorised into groups based on their attitudes, values, personality traits, hobbies, and lifestyles in psychographic segmentation, a sort of market segmentation. It bases the creation of separate customer categories on the self-descriptions and self-perceptions of consumers. This technique is helpful for locating customers with similar requirements and preferences, which may assist businesses in customising their marketing plans and product offers to better fit the demands of their target customers. In order to produce a more complete picture of the market, psychographic segmentation is frequently used in conjunction with other segmentation techniques, such as demographic and geographic segmentation.
learn more about psychographic segmentation here:
https://brainly.com/question/14810824
#SPJ4