An electronics firm is considering how best to supply the world market for microprocessors used in consumer and industrial electronic products. a manufacturing plant costs approximately $500 million to construct and requires a highly skilled work force. the total value of the world market for this product over the next 10 years is estimated to be between $10 and $15 billion. the tariffs prevailing in this industry are currently low. should the firm adopt a concentrated or decentralized manufacturing strategy? what kind of location(s) should the firm favor for its plant(s)?
the answer is: the answer is: promoting the general welfare
promoting the general welfare refers to government's effort to improve the quality of life of its citizens. this can be done by:
- allocating the government funding from taxpayers into several government programs such as pensions plan, unemployment benefit, etc.
- or building infrastructures for citizens' benefit such as public libraries, public roads, etc.
the african american market is the target market for the ebony home brand.
a target market is, therefore, a particular group of consumers or users for which a service or product is aimed, this, however, doesn't mean they are excluding other groups or buyers who are not african americans, it simply means you are focusing your marketing to a group of buyers who are also willing to buy your product.