What is a tailored product?.

Answers

Answer 1

A tailored product is a product that meets specific needs of the customers.

A company can obtain a better grasp of how to ensure its products appeal to its target customers by researching consumer behaviors, recognizing their pains and gains, and determining what would pleasure them. One strategy is to produced tailored products, that are  products that align with the specific needs of customers.

There are several benefits of tailoring products:

For current customers: as you have a better understanding of your current customers' demands, you may realize that you may fine-tune your product to entice them to buy more frequently or in larger amounts.New customers: The market research may have showed that by changing the structure or manner of use of your items, you could appeal to individuals who haven't explored your product yet.New prospects may emerge in markets you had not previously explored; with a few changes, your items may find new paths to market, distribution channels, and opportunities for growth.

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Related Questions

stimulates skeletal muscle under voluntary control and consists of single neurons, or nerve cells, which have their body located in the central nervous system

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Somatic nervous system stimulates skeletal muscle under voluntary control and consists of single neurons, or nerve cells, which have their body located in the central nervous system.

The Somatic Nervous System is responsible for the stimulation of skeletal muscle under voluntary control.

It is comprised of single neurons, or nerve cells, which have their bodies located in the Central Nervous System.

This system is essential for the functioning of everyday activities such as walking, talking and other complex motor movements.

This system plays an important role in our daily lives by enabling us to control our bodies and interact with our environment.

This system is composed of single neurons, also known as nerve cells, which have their body located in the central nervous system.

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The Johnsons have accumulated a nest egg of $40,000 that they intend to use as a down payment toward the purchase of a new house. Because their present gross income has placed them in a relatively high tax bracket, they have decided to invest a minimum of $2700/month in monthly payments (to take advantage of the tax deduction) toward the purchase of their house. However, because of other financial obligations, their monthly payments should not exceed $3000. If the Johnsons decide to secure a 15-year mortgage, what is the price range of houses that they should consider when the local mortgage rate for this type of loan is 2%/year compounded monthly

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If the Johnsons decide to sign a 15-year contract with a local home loan rate of 2% annually added up monthly, they should look at homes with estimated values between $269101.07 and $323192.08.

To decide this cost range, they can utilize the equation "M = P[r[tex](1+r)^n[/tex]/([tex](1+r)^n[/tex]) - 1]" where M is the regularly scheduled installment, P is the head or the underlying sum acquired, r is the month-to-month financing cost and n is the number of installments over the existence of the credit.

With the Johnsons' $40,000 savings and a home loan pace of 2%, they can utilize this recipe to work out the base and most extreme regularly scheduled installments that they can bear. This will assist them with deciding the cost range.

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how does cost-benefit analysis help make economic decisions?

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Cost-benefit analysis (CBA) is a tool that helps make economic decisions by comparing the costs and benefits of a particular project or policy.

CBA helps to identify the net benefits of a project or policy by subtracting the costs from the benefits. This allows decision-makers to see whether the benefits of a project or policy outweigh the costs and whether it is worth investing in or implementing. By using CBA, decision-makers can make informed choices about how to allocate resources and can ensure that they are using them in the most efficient and effective way possible.

CBA is a quantitative tool that helps decision-makers to weigh the costs and benefits of different options, it also helps to identify potential trade-offs and helps to prioritize among alternative options. It is widely used by government agencies, private organizations, and international bodies to evaluate the impact of proposed projects and policies.

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How can edge computing be used to improve sustainability How can edge computing be used to improve sustainability?.

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By consuming less energy and resources, the lowering service latency, and enhancing the quality and security of data collecting, edge computing can contribute to greater sustainability.

Edge computing refers to the application of decentralized computation hardware at the network's edge. Sensors, cellphones, and other mobile devices are examples of edge devices since they are placed close to where their services will be used.

Data processing at the data source is known as edge computing, often referred to as edge network or distributed edge computing. Compared to central servers housed in cloud data centers, it consumes less electricity and reduces latency.

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What does this quote means?

“If you look at the people in your circle and you don’t get inspired, you don’t have a circle you have a cage”.

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Answer:

Explanation:

The quotation "If you look at the people in your circle and you don’t get inspired, you don’t have a circle you have a cage" is written by "Nipsey Hussle" an American entrepreneur and activist.

In life, there are ups and downs. People require some support in every phase of life either in ups for not getting pride which may lead to a downfall in the next phase and in downs for pushing you up and not letting you get depressed and move forward to achieve the biggest.

The quote well explains this theory and if you don't find it around you, it suggests you increase the diameter of your circle and find the right people in a healthy way.

How can the use of new technology in industry benefit the government?.

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The adoption of new technology in industry helps the government since it enables a quicker response to changes in the economy and promotes its expansion.

The government benefits from the usage of new technology because it helps the economy with innovative products and advancements that can spur growth and assist create new jobs.

Additionally, advances in information technology can aid the government in monitoring and managing the economy to come up with better solutions to economic change, minimize negative effects, or deal with them better. Technology can also help the government operate more effectively and better manage any crises that might develop anywhere in the territory.

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Which of the following elements comprise strategic management? (Check all that apply.)Multiple select question.a. formulationb. implementationc. realizationd. analysise. definition

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The three main components of strategic management are strategic analysis, strategic choice, and strategy implementation.

Which components make up strategic management?

Strategic management frequently entails strategy assessment, internal organization analysis, and company-wide strategy implementation.

What are the five components of strategy?

These five components of strategy are arenas, differentiators, vehicles, staging, and economic logic. Donald Hambrick and James Fredrickson, two strategists, created this paradigm.

What are the fundamental four components of strategy?

Visioning, goal-setting, resource allocation, and prioritization are the four most commonly acknowledged fundamental elements of corporate strategy.

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financial panic begins & leads to an economic depression.T/F

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Prior to the establishment of the Federal Reserve System, how financial panics in the United States often got started.

In order to better oversee the financial system, Congress passed a law in 1913 creating the Federal Reserve System. This was due to the fact that they had observed that multiple financial panics in the United States could have been avoided if there had been a centralized monetary authority to oversee the sector and ensure that panics were minimized. Crops played a major role in how financial panics developed in the years before to the establishment of the Federal Reserve system. A crop failure would cause prices to soar out of control, unanticipated inflation, and a panic. Other periods, abundant crops or a surplus would result in falling market prices and the possibility of forcing people into bankruptcy, which would also cause a panic.

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Explain the concept of market and market identification.
Identify communications channels used in sales promotion.
Explain types of advertising media.
Describe effective advertising layouts.
Write copy for advertisements.

Answers

Copywriting for advertisements should be concise and to the point, utilize descriptive language, use active voice, include an attention-grabbing headline, and provide a clear call-to-action.

What is Copywriting?

Copywriting is the practice of crafting words and phrases in order to create promotional materials that are designed to sell products or services. It requires a great deal of creativity and an ability to write in an engaging and persuasive manner. Copywriting involves researching, understanding the target audience, creating attention-grabbing headlines and crafting persuasive copy to persuade readers to take action. It is an essential part of the marketing process and can be used to effectively reach potential customers and increase sales. Copywriters use a variety of techniques to create effective copy, such as using powerful words, creating vivid imagery, and making use of persuasive language. Copywriters must be able to understand the needs of their target audience, create compelling headlines and body copy, and be able to effectively target the right people. In addition, copywriters must be able to measure the success of their copy and make adjustments based on the results.

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economists use the concept of ceteris paribus to examine a change in _________in a model.

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Ceteris paribus is a term used by economists to describe how a variation in "segregated variable" in such a model is examined.

Explain the concept of ceteris paribus?

Ceteris paribus, which translates to "all those other things being equal," is a Latin expression. It is used by experts to describe the theory underlying the laws of nature and economics.

If nothing else changes, it implies that something will frequently take place as a consequence of something else.The analysis of causal relationships between disparate variables is made easier by ceteris paribus.The ceteris paribus model offers a foundational understanding of trends or probability but cannot forecast absolutes or certainties.To explain economic behaviour, economists may choose to restrict the economic mechanism by focusing on two or three variables whereas presuming that all others are constant, immutable, or in the state in ceteris paribus.

Thus, Ceteris paribus is a term used by economists to describe how a variation in "segregated variable" in such a model is examined.

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what popular fast food chain encouraged customers to think outside the bun?

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While catchy slogans like "Yo Quiero Taco Bell" have kept fans of fast food entertained over the years.

Which other well-known restaurant chain encouraged customers to think outside the bun?

This winner is based on a very simple pun that emphasizes Taco Bell's distinct menu items and takes a subtle dig at its burger-and-fast-casual rivals. You were inspired to look beyond the bun by the slogan.

The slogan for Taco Bell is a pun on the expression "think outside the box," which basically means to think creatively and in a different way than others.

The meat patties at n-N-Out taste like cardboard that has been microwaved, making it not your typical fast food establishment. There are no fillers, additives, or preservatives of any kind in their patties. However, it simply lacks meat. Cheese, lettuce, and tomatoes are also all fresh.

Modernization of Burger King's classic tagline, "Have it Your Way," is the first marketing campaign of its $400 million comeback plan. "You Rule," the fast-food chain's new slogan, is an "emotional articulation" that puts customers first in every interaction.

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Which is the most accurate definition of the study of economics economics is the study of a the distribution of surplus goods to those in need?
A. the distribution of surplus goods to those in need.

B. affluence in a morally bankrupt world.

C. ways to reduce wants to eliminate the problem of scarcity.

D. the choices we make because of scarcity.

Answers

Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people. Hence, option (d) is correct.

Economics is the study of how individuals interact with one another and with the natural world in order to earn a living. Households, like firms, produce goods and services, but unlike firms, they may not sell their outputs in the market.

Households not only produce goods and services, but they also produce people—the next generation of workers.

The labor of parents, caregivers, and others is combined with structures (such as your home) and equipment (such as your home's oven) to reproduce and raise the future labor force working in firms, as well as the people who will work and reproduce in future households.

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mixed economies can evolve when societies with different kinds of economies interact. F/T

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The statement 'mixed economies can evolve when societies with different kinds of economies interact' is true as it combines market economy with a command economy.

The concept of mixed economies has been around for centuries, but it has become increasingly more prevalent in our modern world as different societies interact.

A mixed economy is defined as an economic system that combines elements of both a market economy and a command economy, and it can be seen when two societies with different economic systems come into contact.

This has been proven true time and time again, with examples ranging from ancient trade between civilizations to modern-day globalization. It is clear that when societies with different kinds of economies interact, they have the potential to create a mixed economy.

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In 1/2 hour pool ha leaked 4/8 of a gallon of water. How many gallon will the pool loe after leaking for 4 hour?

Answers

In 1/2 hour pool ha leaked 4/8 of a gallon of water, The pool will leak 7/8 gallons in 1/2 hour.

Looking for gallons per hour, or gallons÷ hour:

Therefore, this is essentially a 7/8 divided by 1/2 division problem. A fraction's reciprocal is the same as that fraction multiplied when dividing by it.

7/8 gallons÷ 1/2 hour7/8 gallons÷ 1/2 hour =  7/8* 2/1 =  14/8

We now reduce by a factor of 2:

14÷8 =7÷4

Here we are, then! 7/4 gallons flow out per hour. The equivalent flow rate is 1.75 gallons per hour. I hope this is useful.

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The correct question is:

An above-ground swimming pool is leaking. After 1/2 hour the pool has leaked 7/8 of a gallon of water. How many gallons of water per hour is the swimming pool leaking?

mel, macy, and maggie work together to achieve a specific purpose, so they are part of an organization.

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The statement 'Mel, Macy, and Maggie work together to achieve a specific purpose, so they are part of an organization' is true as they are working together.

Mel, Macy, and Maggie are a united team, working together to achieve a common goal. They are part of an organization that allows them to collaborate and realize their potential. Together, they can create a meaningful impact on the world around them. Hence, the statement above is true.

Mel, Macy, and Maggie are an organization that works together to achieve a specific purpose.

They are united in their mission, and through their collaboration, they are able to achieve their goals.

Working together, they are able to make a true difference in their community.

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If you make monthly payments of $1,000 for 10 years, determine the total payment over the lifetime of the loan. A. $10,000 c. $120,000 b. $100,000 d. $130,000 please select the best answer from the choices provided a b c d.

Answers

Over the course of the loan, there will be (C) 120,000 in total payments.

What do we mean by payment?

When one party (such as a person or business) freely offers money, its equivalent, or other assets to another in return for services provided, things obtained, or the fulfillment of a legal duty, that transaction is referred to as payment.

The party receiving the payment is referred to as the payee, whilst the one making the payment is frequently referred to as the payer.

So, the total payment would be:

A year has 12 months.

Count the number of months in ten years.

Multiply: 12 * 10

12×10=120 months

Thus, the total amount owed during the course of the loan is:

1,000×120= $120,000

Therefore, over the course of the loan, there will be (C) 120,000 in total payments.

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What is product tailoring in marketing?.

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Product tailoring in marketing is a marketing strategy which aligns the products and the message with specific characteristics of the audiences, such as age, gender, demography, etc.

Tailoring marketing is aligning the message with the demographics, needs, and desires of the target customers.

Tailored marketing delves into the personas of your brand's target customer to develop a personalized advertising and marketing funnel approach. As a consequence, campaigns are optimized with more interaction, a stronger digital presence, and increased brand loyalty.

One of the purposes of personalized marketing is to ensure that your adverts reach the people you intend to reach. If your product is a make-up brand, promoting to middle-aged males is pointless.

Companies use tailored marketing to specifically target clients based on factors such as: age, demography, gender, etc.

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explain why demand for a product is price inelastic

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The quantity required for the price ratio is between 0 and 1 unit elastic, and inelastic demand is present.

What is demand?

Demand is just a consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the number of things that consumers are prepared and willing to purchase at various prices within a specific time frame.

This often happens when a specific commodity or service is required and has no suitable alternatives. Gasoline, essential foods, and prescription medications are a few examples of products having inelastic demand.

Therefore, By, Demand for a product is price inelastic. The price ratio is between 0 and 1 unit elastic, and inelastic demand

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smartbook recharge mode can be accessed at any time during a smartbook assignment attempt.

Answers

It is completely appropriate and factually correct to be mentioning the smartbook recharge mode can be accessed at any time during a smartbook assignment attempt. Therefore, the given statement is to be held as true.

The recharge mode is a feature offered by the smartbook for accomplishment of different assignments. This has gradually helped the users to access the mode and use it in the beginning of the assignment for better help and assistance at the start itself. For better assistance to the students, the smartbook's recharge mode can be accessed at any time during an ongoing assignment.

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On January 1, 2020, Pronghorn Corporation sold a building that cost $254,240 and that had accumulated depreciation of $105,020 on the date of sale. Pronghorn received as consideration a $244,240 non-interest-bearing note due on January 1, 2023. There was no established exchange price for the building, and the note had no ready market. The prevailing rate of interest for a note of this type on January 1, 2020, was 9%. At what amount should the gain from the sale of the building be reported

Answers

The gain from the sale of the building should be reported at $49,000
To calculate the gain, we abate the accumulated deprecation and the cost of the structure from the trade price.

The trade price is the face value of the non-interest-bearing note, which is$,244,240. The cost of the structure is$254,240, and the accumulated deprecation is$,105,020. So, the gain from the trade would be:
$244,240 - ($254,240 - $105,020) = $244,240 - $149,220 = $95,020

still, since the note is a non-interest bearing note, the dealer must consider the time value of plutocrat and acclimate the gain to reflect the fact that the payment won't be entered until 2023. Using the prevailing rate of interest of 9 on January 1, 2020, we can calculate the present value of the note to be$220,000. So, the acclimated gain would be

$244,240 - $220,000 = $24,240

Finally, we add the adjusted gain to the accumulated depreciation:
$24,240 + $105,020 = $129,260

So, the amount at which the gain from the sale of the building should be reported is $129,260, which is the sum of the adjusted gain and the accumulated depreciation.

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Expert tetimony identifie the doctor a being the one who knowingly intalled pacemaker that contained faulty part. The tetimony could lead to charge of _____

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Expert tetimony identifie the doctor a being the one who knowingly intalled pacemaker that contained faulty part. The testimony could lead to charge of Negligence.

What do you mean by Negligence?

Negligence is a type of civil wrong or a tort. It is a failure to exercise a certain standard of care that is to be exercised under particular circumstances that causes damage, harm or loss to another person. It is a type of carelessness or recklessness that is considered to be a breach of a legal obligation. Negligence can involve a person's conduct in a variety of situations, including the failure to use reasonable care to avoid causing injury to another person or the failure to warn others of any danger that the person knew or should have known about. Negligence is generally determined by a court of law, and is based on the facts of the case.

So, The required answer is Negligence.

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What are the four pieces of the command and control system?.

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Commanders of army service components rely on state-of-the-art command, control, communications, computers, and intelligence (C4i) systems to improve their situational awareness and decision making, as well as command and control their forces on the battlefield.

About command and control system

Very rapid progress in the field of technology, be it communication technology, computers, information technology and engineering and electronics, greatly influences a system in the military world, all of which aim to achieve information superiority (intelligence) as well as combat management excellence which aims to increase power advantage of fight in a war.

This brought changes to military strategy, tactics and techniques that were carried out due to a deep awareness of the role of technological domination in a military posture.

Information technology combined with war technology makes it possible to create types of war that are qualitatively very much different, both in terms of battle management, command control, weapons systems, logistical support systems etc. So that the presence of C4ISR is continuously refined by every military organization in the world.

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Which response core capability involves ensuring the capacity for timely?

Answers

Operational Communications is  the response core capability that involves ensuring the capacity for timely. Operational Communications  is one of the most important thing in the organization management.

Based on the definition of operational communications, Freibger generally defined operational communications as a process that involves bridging communication gaps between the top-level employees and those working boots on the ground. Operational communication can be divided into several types, there are downward operational communication, upward operational communication and horizontal/lateral operational communication. Operational communication is a important thing, it is because operational communication has a function to ensure the capacity for timely communications in support of security, situational awareness, and operations by any and all means available.

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what is a business letter?

Answers

Answer: It's a letter that companies or organizations use to convey their messages to their customers,clients, and other companies

Explanation:

It has a formal format and specific data. Companies use it to pass on important messages

Answer:

Business letter is a letter which is used in business to contact with an organization and transfer data, information from one to another offices or organization.It also help to promote business and trade.

What key roles do consumers and entrepreneurs play in the free enterprise system?.

Answers

Consumers play the crucial role of “judge” by purchasing the products and services that best meet their needs. In this way, consumers determine which products are sold and which businesses succeed. Entrepreneurs create new businesses that provide new jobs.

Enterprise system

A good enterprise system is expected to have the following characteristics:

There is standardization à every transaction of the same must be processed on the same route The existence of control if there is a change then the system must be able to adjust in a controlled manner There is system management Has heterogeneous data

Enterprise systems can be categorized into 3 parts, namely:

Customer relationship management

An approach to managing corporate relationships with customers at the business level so as to maximize communication and marketing through managing different contacts

Supply Chain management

A concept or mechanism for increasing the total productivity of a company in the supply chain through optimizing the time, location and quantity flow of materials

Enterprise Resource Planning

A business management application that facilitates integrated business management.

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In what type of economic system can buyers buy what they want and sell what they want?.

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In the market economy of the economic system can buyers buy what they want and sell what they want.

The market economy is the economic system in which the individual and business or company have a freedom to choice what to sell and buy in the marketplace. All economic pursuits are organized and functioned through the market.

The goal of market economy is to give freedom in economic system of market, efficiency and growth. The market economy have the characteristics features like private property, economic freedom, consumer sovereignty, competition and profit.

The economic freedom in the marketplace help in giving the employment as new ideas turns into business.

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It is the function of the _____ to take the strategic plan and develop actionable short-term goals that a business can achieve.
A. tactical plan
B. mission statement
C. vision statement
D. operating plan

Answers

The answer is “A.tactical plan”
From what I know it seems like that’s the appropriate answer.

Elements of product strategy can include all of the following EXCEPT ______. a. the physical good b. an intangible idea c. package design

Answers

Elements of product strategy can include all of the following EXCEPT (D) where the product is sold.

In economic and business, Product strategy generally can be described as the high-level plan for developing and marketing a product. Beside that, product strategy also can be described as how the product supports the business strategy and goals, and is brought to life through product roadmaps. There are four major elements of business strategies, such as customer, competitors, makro environment, and also market. Beside that also there are several types of business strategies, such as comparative business strategies, differentiation business strategies, and segmentation business strategies.

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Why did William Jennings Bryan attack the Gold Standard?
He owned a controlling interest in a silver mining firm.
He believed that the Gold Standard was inhibiting American exports.
He wanted to increase inflation to lower the burden on farmers debts.
He wanted to decease inflation to stabilize the economy.

Answers

The correct answer is option 2. William Jennings Bryan attacked the Gold Standard because he believed that the Gold Standard was inhibiting American exports.

The Gold Standard is referred as a system under which nearly all countries fixed the value of their currencies in terms of a specified amount of gold. The fixed price is used to determine the value of the currency. For example, if the U.S. sets the price of gold at $500 an ounce, the value of the dollar would be 1/500th of an ounce of gold.

William Jennings Bryan was an American lawyer, orator and politician. He emerged as a dominant force in the Democratic Party, running three times as the party's nominee for President of the United States in the 1896, 1900, and the 1908. The Cross of Gold speech was delivered by William Jennings Bryan.

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Complete question

Why did William Jennings Bryan attack the Gold Standard?

He owned a controlling interest in a silver mining firm.He believed that the Gold Standard was inhibiting American exports.He wanted to increase inflation to lower the burden on farmers debts.He wanted to decease inflation to stabilize the economy.

Jordan is making a decision about how the products his business sells are transported to his store. This decision would fall under this one of the four Ps

Answers

As 'Jordan is making a decision about how the products his business sells are transported to his store, this decision would fall under 'Place' of the four Ps.

Jordan is a business owner who is considering how to best get his products to his store. This decision falls under the ‘Place’ of the four Ps of marketing: Product, Price, Place and Promotion.

Jordan needs to decide which shipping and delivery option makes the most sense for his business.

He must consider the cost, speed and reliability of the options available. Ultimately, the decision Jordan makes needs to be the one that suits his business the best.

Jordan is facing a big decision - how to get the products his business sells to his store. This is a critical part of the marketing mix known as 'Place'.

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