Business 104

Question 1 Using segmentation terminology, describe the target customer for the Tesla electric vehicle. Compare this customer with the target customer for a Chrysler minivan, based on geographic, demographic, and psychographic differences. Question 2 Hector decided to enter the mask business. He purchased 5,000 masks online from an Italian manufacturer. These are fashion-forward masks for which Hector paid 4 cach (current Euro/Dollar exchange rate is $1.21 per Euro). Hector decided to mark-up the product 25%. He succeeded in selling out his inventory What, in US$, was Hector's gross profit? What was the gross profit margin percentage? Question 3 I Capitalism has proved to be the most efficient basis of industrial organization Total output, productivity and innovation is superior to socialist-based economics. Still, many people want their political leaders to adopt policies influenced by socialist thinking Identify a policy topic where this capitalist-socialist debate is relevant Which side of this debate do you favor? Offer three reasons for your judgement