b. arbitrage
c. international trading
d. an efficient market
The more precisely defined the target market is, the easier the numbers are to estimate.
Further Explanation:
Market:
Market is the place in which all the goods are sold. The producer sold the goods in the market to reap the profits in the long run.
Target market:
The target market refers to a type of market in which the company targets a particular number of customers. For example, the company produced jeans for only males and for only a particular geographical area person who belongs to posh society. This is an example of a target market. the company should define the target market in a precise manner. So that the easier the numbers are to estimate. The company can easily estimate the number of products needed and all other estimation.
If the target market is defined comprehensively, then the number of an estimate is longer. In this case, the target market is defined precisely. The number of the estimate cannot be shorter, it depends on the number of units produced. If the target market is defined comprehensively, then the number of an estimate is harder. If the target market is defined precisely, then the number of an estimate is easier. This option is correct.
Learn more:
1. Learn more about CRM system
2. Learn more about market intermediary
3. Learn more about a competitive market
Answer details:
Grade: Middle School
Subject: Marketing Management
Chapter: Target Market
Keywords: precisely defined, target market, the easier, numbers are, estimate, longer, targets, particular number, of persons, belongs, to posh, society.
b. Personal financial management software
c. Slide presentation software
d. Spreadsheet software
Answer:
Supply and demand.
Explanation:
Flexible exchange rate is the exchange rate where the value of currency react to the change in demand and supply. That means it depends greatly on the supply and demand and is therefore calculated accordingly.
It is left without intervention so as to allow the exchange rate to equate itself to the demand and supply of foreign currency.
It keeps the government away from holding foreign exchange reserve and helps in maximizing resource allocation.