A stock has an expected return of 12% and a standard deviation of 20%. Long-term Treasury bonds have an expected return of 9% and a standard deviation of 15%. Given this data, which of the following statements is correct?A. The two assets have the same coefficient of variation.B. The stock investment has a better risk-return trade-off.C. The bond investment has a better risk-return trade-off.D. Both investments have the same diversifiable risk

Answers

Answer 1

The two investments have different expected returns and risk metrics, so none of the statements A, B, C, and D are correct.

When looking at investments, it is important to take into account the expected return, standard deviation, and coefficient of variation. The expected return is the average return that is expected over a given period of time. The standard deviation is a measure of how much the actual return deviates from the expected return. The coefficient of variation (CV) is a measure of the risk-return trade-off, calculated by dividing the standard deviation by the expected return and expressed as a percentage.

In this case, the stock has an expected return of 12% and a standard deviation of 20%, which gives it a CV of 167%. The bond has an expected return of 9% and a standard deviation of 15%, which gives it a CV of 167%. As the two investments have the same CV, it is impossible to make a direct comparison of the risk-return trade-off.

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Related Questions

T applies for a life insurance policy and is told by the producer that the insurer is bound to the coverage as of the date of the application or medical examination, whichever is later. Assuming that T is an acceptable risk, what item is given to T?
O Binding receipt
O Conditional receipt
O Warranty receipt
O Backdated receipt

Answers

Assuming that T is an acceptable risk, Conditional receipt item is given to T.

What is Conditional receipt?

An insurance firm has a window of time to issue or reject the policy after receiving a conditional receipt. The business will pay a death benefit if a life insurance policy would have been issued if the applicant passes away during this term. A plain binding receipt, as opposed to a conditional binding receipt, compels the insurance company to pay the death benefit as soon as the first premium is received, regardless of whether the applicant is ultimately accepted or not. Two subcategories are also included in the conditional receipt: (1) Insurability and (2) Approval. The applicant shall pay the first complete installment to the insurance agent at the time of application.

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FILL IN THE BLANK when darren told the audience about the length of the new coast-to-coast highway, he said that the amount of asphalt it would take could wrap around the earth three times. he has explained his statistic by __it.

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He claimed that amount of asphalt required could wrap three times around the earth. He compacted his statistic to explain it.

Why is it necessary to identify an audience?

Identifying your audience enables your company to concentrate marketing and dollars just on groups most likely to purchase from you. This way, you can generate business lead generation in an efficient and cost-effective manner.

What is the significance of the audience?

Knowing your audience allows you to determine and which content and messages are important to them. Knowing your audience helps you determine the appropriate voice and tone for your message once you've decided what to say.

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I see that Yan Zhihua is an independent scholar and a history teacher in middle school. Shouldn’t we respect history? Is the tragic history you describe in your Book Your Own Experience? Without experience, you have no right to speak. I hope you will be a truly independent scholar。

Answers

The caliber of the teaching experience is the finest justification for a PhD-trained historian to look for employment in an independent institution. The pupils are intelligent.

Who is Yan Zhihua?

The class sizes are modest. Discussions are lively and open in the dynamic, creative environment. Teachers can safely demand high expectations from their students.

While grade inflation and the idea that students are consumers intrude here as they do elsewhere, they appear to be less of an issue at independent schools than at the majority of secondary and higher institutions.

For practical reasons, historians with PhDs might also find teaching at independent schools to be appealing. Similar to associate professors, starting salary, retirement benefits, and health benefits are available.

Therefore, The caliber of the teaching experience is the finest justification for a PhD-trained historian to look for employment in an independent institution. The pupils are intelligent.

Therefore, The caliber of the teaching experience is the finest justification for a PhD-trained historian to look for employment in an independent institution. The pupils are intelligent.

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Which of the following statements is true regarding political advertisements in 2012 based on the information graphic?

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The statement that is true out of the following regarding political advertisements in 2012 based on the information graphic is option D. Candidates rely too heavily on professional consultants

What is an information graphics?

Information graphics is otherwise known as Infographics. Information graphics are graphic visual displays or attributory of information, data, or knowledge intended to present information quickly and clearly. They have the potential to aid cognition by involving graphics to enhance the human visual system's ability to see patterns and trends.

Therefore, the correct answer is as given above

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The complete question goes thus:

Which of the following statements is true regarding political advertisements in 2012 based on the information graphic?

A. Political campaigns have not adequately adapted to the increase in social media usage in modern society.

B. Rising campaign costs and intensive fund-raising efforts make running for office too expensive for the average citizen.

C. The duration of election cycles is too long.

D. Candidates rely too heavily on professional consultants

A psychologist is interviewing a client who reports having experienced a severe trauma; before making a diagnosis of posttraumatic stress disorder, the psychologist would want to find evidence that the client is experiencing

Answers

For the diagnosis of post-traumatic stress disorder, there are diagnostic criteria and questions to ask. There are also some crucial clinical practice pointers offered.

How do psychologists determine PTSD's severity?

A person must have at least one re-experiencing symptom, three avoidance symptoms, two detrimental changes in mood or cognition, and at least two hyperarousal symptoms for at least one month in order to be diagnosed with PTSD.

What is the best way to manage post-traumatic stress disorder?

Get enough rest, keep up a healthy diet, work out, and unwind. Limiting or avoiding caffeine and nicotine is advised since they may worsen anxiety. Do not ever self-medicate. Although it may be tempting, it is bad to take drugs or alcohol to numb your feelings.

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which of the following is a correct comparison of the positions of liberals and conservatives on matters of social policy?a. Libertariansb. Conservativesc. sociald. Economic freedom:

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Economic freedom  is a correct comparison of the positions of liberals and conservatives on matters of social policy.

What exactly is economic freedom?

Every person has the fundamental right to be in charge of his or her own labor and property, which is known as economic freedom. People are free to work, create, consume, and invest whatever they want in a society that is economically free.

Why is economic freedom so crucial?

Economic freedom and a nation's overall prosperity and rate of economic growth are positively correlated. Free nations with market economies typically have greater wealth per capita, cleaner ecosystems, longer life expectancies, and less poverty.

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Which of the following is an accurate comparison of the United States House of Representatives and the United States Senate?
A House of Representatives Led by the president pro tempore
Senate Led by the vice president
B House of Representatives Initiates revenue bills
Senate Nominates cabinet members
C House of Representatives Must approve Supreme Court nominees
Senate Must approve treaties
D House of Representatives Debate on bills is limited
Senate Debate on bills can be unlimited

Answers

The Senate is required by the Constitution to appoint a president pro tempore to preside over the Senate in the absence of the vice president.

The Latin term pro tempore means "for the time being," indicating that the position was created as a fill-in. Because the framers of the Constitution assumed that the vice president would preside over the Senate on a regular basis, the Senate only needed to elect a president pro tempore to serve as presiding officer for brief periods of time. Despite the fact that the Constitution makes no mention of who can serve as president pro tempore, the Senate has always elected one of its members to the position. Since the mid-twentieth century, the president pro tempore has been the senior member of the majority party. In addition to presiding over the Senate, the president pro tempore is in charge of a number of other responsibilities. In consultation with Senate leaders, the president pro tempore, for example, appoints the director of the Congressional Budget Office (along with the Speaker of the House), as well as Senate legislative and legal counsel. Furthermore, the president pro tempore appoints members to various national commissions and advisory boards, as well as receives reports from various government agencies.  In the absence of the vice president, the president pro tempore may administer all oaths required by the Constitution, sign legislation, preside jointly with the Speaker of the House when the two houses sit together in joint sessions or joint meetings, and fulfill all other presiding officer duties. The president pro tempore, unlike the vice president, cannot vote to break a tie in the Senate.

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The interior of a car is designed around the physical needs of the average person. Measurements are made so the average person can reach the steering wheel and pedals comfortably and so the radio controls are within a comfortable reach. Of which of the following is this an example of?

Answers

The radio controls are positioned according to measurements that ensure the average person can comfortably reach the steering wheel, pedals, and radio. An illustration of ergonomics is this.

What does ergonomics mean in the workplace?

A task will be tailored to the worker by an ergonomics specialist in order to make it safer and more effective. By integrating ergonomic solutions that give workers more comfort, productivity can be increased.

The definition of ergonomics given by Merriam-Webster is: "An applied science concerned with designing and positioning objects that people use to interact with each other in the most efficient and secure manner." Manufacturers place a great priority on the establishment of a setting that is both incredibly safe and productive.

The importance of ergonomics

Put these simple suggestions into practice to make your workstation more ergonomic. Ergonomics can increase your performance and productivity while lowering your risk of injury and weariness by changing factors like the height of your desk and the angle of your computer monitor.

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which of the following does the text suggest is a translation of jian shi, which was the name of the ancient practitioners of rhetoric in china that advised leaders on political and governmental matters?

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Han Faiza (280–233 BCE), a philosopher, established legalism. In Ancient China, rhetoric was concerned with using words and persuasion to support centralized political power.

Which of Aristotle's five rhetorical principles best describes the speaker's use of language?

A traditional way to comprehend good communication is to grasp the five canons of rhetoric. They are creativity (what to say), organization (content structure), language choices, style, memory (learn the presentation), and delivery (use of more than just words).

Rhetoricians research what?

Writing and speaking well, being persuasive, and knowing how to create effective writing and presentations are all part of the study and practice of rhetoric.

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There are obvious problems with the American system: the influence of money on politics, the influence of an electoral system that is increasingly misaligned with "democratic" choices, but America seems incapable of reforming itself.

Answers

There are apparent flaws in the American system regarding the effect of money on politics. As a result, option A is right.

What exactly is the American system?

The American System was an economic plan based on Alexander Hamilton's “American School” ideals that played a significant influence in American politics throughout the first half of the nineteenth century.

There are obvious faults in the American system when it comes to the influence of money on politics. The federal government's objective of encouraging domestic industry by the implementation of a high protective tariff and the development of internal improvements.

As a result, option A is correct that the American system affects money in politics.

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what is the meaning of eliminated

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To eliminate a competitor from the competition by defeating them: In the third round of the competition, he was disqualified.

What is the root word for eliminating?

The Latin word for threshold, limen, is where the word "elimination" originates. Eliminatio is a verb that means to push over the threshold and out the door and was created by the Romans by adding an "e" to the beginning.

Eliminate something or someone by removing it or getting rid of it. It is no longer necessary to carry large amounts of cash. Remove someone or something from something. Two suspects have been taken out of the police's investigation. The body's toxins are supposed to be removed by this diet.

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TRUE OR FALSE when the young minds child care center looks at the recent increase in the number of working mothers in its neighborhood to determine how many employees to hire, its managers are studying demographic forces.

Answers

This statement is true because when deciding how many personnel to hire, the managers of the young minds child care facility consider the neighborhood's recent growth in the number of working mothers.

What is a neighbourhood area?

A parish council or potential neighborhood forum may apply for a neighborhood area to be established by the LPA. When submitting an application, the qualifying entity is required to provide the LPA with a map outlining the region and a statement outlining why the area is seen to be acceptable.

Why do neighborhoods important so much?

The power of residing in a desirable neighborhood cannot be overstated. Living in a particular neighborhood earns you recognition, which gives you automatic entry to particular social groups. Residents and tenants who concern about the neighborhood and the place they live in can be found there.

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enterprise city has been hard hit by a recent economic downturn. local psychologists are holding a public workshop to help the citizens cope with the adversity. dr. kurutz is outlining strategies to help adults who have been laid off avoid overeating and the use of drugs or alcohol. dr. kurutz is most likely a(n) psychologist. group of answer choices health cross-cultural experimental social

Answers

Dr. Kurutz is detailing methods to assist individuals who have lost their jobs to avoid overeating and abusing alcohol or drugs. Most likely a health psychologist, Dr. Kurutz. The right response in this case is option A.

Promoting well-being and healthy habits, especially at the community level, is a specialty of health psychologists. To comprehend the psychological and emotional facets of health and sickness, they have received specialized training.

For instance, psychologists in this discipline could undertake practical research on how to stop bad habits like smoking and look for fresh strategies to promote good habits like exercising.

Health psychologists research topics such as how patients cope with the disease, why some individuals don't heed medical advice, and the best methods for managing pain or modifying unhealthy behaviors. They also create health care plans that promote both physical and emotional well-being.

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So i would like to know what is the ethical and mutual values between parents and child, i cant find exact answer so mind helping.

Answers

Answer:

kindness, humility, courage, and compassion :)

Explanation:

Knowing good moral values such as kindness, humility, courage, and compassion at an early age builds a child's character. It forms the very core of their being and becomes a foundation of their moral beliefs. This is why it's essential to start teaching them moral values while they're still children

The federal government generally uses the following data in combination with evidence of actual behavior to identify anticompetitive situations?
• Collusion
• Market concentration
• The HIH Index
• Fragmentation analysis

Answers

The federal government generally uses the collusion data in combination with evidence of actual behavior to identify anticompetitive situations. Therefore, the option A holds true.

The data in the collusion, as a concept, can be referred to or considered as the phenomenon, wherein the factors such price leadership or price similarities is experienced by an industry, which is already a part of the economy. The practice of collusion is extremely useful for the federal government to identify anticompetitive situations.

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this form of gerrymandering seeks to spread opposition supporters into many districts, while keeping them a minority in as many districts as possible.

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A wasted vote is a form of gerrymandering, which seeks the spread of opposition supporters into many districts, while keeping them a minority in as many districts as possible.

The process of gerrymandering can be referred to or considered as a process wherein the resulting of the district is being represented. Gerrymandering, as a term, follows a negative connotation to its usage and practice in a political environment. Therefore, the significance regarding the term gerrymandering has been aforementioned

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According to Madison what is happening to American ships their crews?

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Madison enumerated a number of offenses that Great Britain had perpetrated against by the United States. He also gave an explanation for why he did not advocate starting a war with France at the time.

What is a ship?

In contrast to a boat, which would be typically a smaller craft, a ship is any giant floating vessel that can travel over open waters.

Over 15,000 American sailors were persuaded to join the British during the Napoleonic Wars against France because the British fleet needed reinforcement. The American government said enough was enough by 1812. In part due to impressment, the United States officially declared war against Britain on June 18.

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Which of the following industries is best characterized as monopolistically competitive?
A) Eggs
B) Crude oil
C) Wheat
D) Local electricity service

Answers

Out of the choices provided above, the industry of local electricity service is best characterized as monopolistically competitive. Therefore, the option D holds true.

A monopolistically competitive industry can be referred to or considered as an industry wherein there are only a few sellers or suppliers in the market dealing in the products related thereto. For an electricity service industry, there are very few sellers, and may hold a significant amount of market share between themselves, thereby comprising as a market structure with monopolistic competition.

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Explain " Future Incidence affect the past"​​

Answers

Answer: This idea that the future can influence the present, and that the present can influence the past, is known as retrocausality. It has been around for a while without ever catching on – and for good reason because we never see effects happen before their causes in everyday life.

Explanation: Hope it helps, but give me feedback in the comments.

in many agencies, ain many agencies, a formal structure and informal structure exist. the differences between these may be reflected in which of the following: i. what the formal lines of communication are, versus whom actually communicates with whom. ii. what a particular job description says, versus what the individual in the job actually does. iii. what the board of directors deems appropriate allocation of funds, versus what is actually spent. iv. what the official policy is on a given issue, versus what actually happens if the issue arises.

Answers

The differences between formal structure and informal structure in many agencies may be reflected in what the official policy is on a given issue, versus what actually happens if the issue arises. Therefore, the option IV holds true.

The formal structure of an organization can be referred to or considered as a structured or a behavioral way in which the functions are expected to operate within an organization. An informal structure, on the other hand, refers to how the functions within an organization actually operate, which may be in contrast to the formal structure, and is also completely undefined.

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Professor Morooka works 60 hours a week for 9 months of the year. During this time he longs for a break. When he finally gets a break, he misses the sense of accomplishment he feels when he is working. What does the arousal theory suggest?

Answers

According to arousal theory, this is because everyone tries to stay at a certain degree of arousal which is also the case of Professor Morooka.

The arousal hypothesis of motivation states that each individual has a certain arousal level that is appropriate for them. We look for some kind of action to bring our arousal levels back into the ideal ranges when they depart from these customized optimum levels.

The three components of arousal theory, or the three categories of arousal, are mental (cognitive), emotional (affective), and physical arousal, respectively. The drive-reduction hypothesis and arousal theory have certain things in common. But arousal theory contends that humans are driven to maintain an optimal degree of arousal, not to reduce stress.

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Reflect on a time you were conversing with a friend or loved one when you noticed that the manner in which you were communicating was influenced by the instrumental/relational gender norm.
Discuss the conversation you engaged in with the friend or loved one and analyze how that conversation illustrates the differences in communication styles between men and women.

Answers

Men frequently prefer direct interactions where they can shake hands or pat someone on the shoulder. Women typically feel more at ease to communication with chatting side by side with other women.

Information exchange is the traditional definition of communication. It is also possible to use the phrase to refer to the transmission  message or the area of research that it is the subject of. Its precise definition is a contentious topic. According to John Peters, the challenge in defining communication stems from the fact that it is both a common occurrence and a distinct academic area with institutional support. Limiting the range of actions that are included under the term of communication is one definitional method. According to this rationale, communication can be defined as the process by which individuals or groups produce meaning that is mutually acceptable through the use of signs, symbols, and semiotic conventions.

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By different offerings, by limiting the number of people, by location, and by ability are all approaches to ____

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By different offerings, by limiting the number of people, by location, and by ability are all approaches to phasing in a program.

A program evaluation is a Systematic collection of information about program activities, characteristics and outcomes that people use to reduce uncertainty, improve effectiveness and make decisions.

The types of program evaluations are Program Evaluation, Design Evaluation, Process Evaluation, Outcome Evaluations, Impact Evaluation, Cost-Effectiveness Evaluation, and Formative Evaluation.

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is a skewing of the data that occurs when there is a difference in opinion between those who choose to participate in a survey and those people who do not participate in the survey.

Answers

Data bias that occurs when there is disagreement between those who choose to participate and those who do not weight.

Bias is the natural enemy of all surveys, and as a survey creator, it's important to prevent bias to ensure reliable results. Over the years, we have provided best practices for designing surveys to address different types of bias in research. For example: B. Fair wording, organization and style. But there are a few ways that bias can sneak in if you're not careful.

Of the various types of research bias, many come directly from the authors of the survey. This prejudice is insidious. This is because data authors innocently influence the results to get the results they want. However, in doing so, they themselves influence the reliability and value of the results.

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The young born of living organisms they are the children

Answers

Answer:

They are the offspring of their parents and they grow up and become adults.

Explanation:

Answer:

offsprings

Explanation:

They are produced by a single organism or 2 organisms in the situation of sexual reproduction.

How can one country’s immigration policy affect another country? Use an example from current events or history to support your response.

Answers

The loss of a person from rural areas, impact on the level of output and development of rural areas. The influx of workers in urban areas increases competition for the job, houses, school facilities etc. Having large population puts too much pressure on natural resources, amenities and services.

Which additional clause would best fit into the following list from the passage?
Our petitions have been slighted; our remonstrances have produced additional violence and insult; our supplications have been disregarded; and we have been spurned, with contempt, from the foot of the throne!

Answers

Our requests have been rejected.  is the additional clause that best fits the passage.

This is an extract from the passage of Thomas Paine's Common Sense.

In his 47-page treatise Common Sense, Thomas Paine argued for the Thirteen Colonies' independence from Britain in 1775–1776.

Paine accumulated different moral and political reasons in his writing, which were crystal clear and powerful, seeking to inspire regular people in the Colonies to strive for egalitarian government.

At the outset of the American Revolution, it was anonymously published on January 10, 1776, and it immediately went viral.

Paine shunned lyrical writing. He wrote in everyday language and frequently used biblical references to support his points. His arguments were valid since the majority of Americans had a working grasp of the Bible.

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a leader's most important job may be to transform the way the company does business so that it's more effective and efficient.

Answers

A leader's most important job may be to transform the way the company does business so that it's more effective and efficient. leaders must Embrace change.

Who is a leader?A business leader is someone who inspires a team to work toward a shared objective in an organization. The editor-in-chief of a newspaper, a vice president or chief executive officer of a sizable corporation, or another person in a position of authority, could be this person. A leader is someone who arouses people' enthusiasm and desire. A vision and a plan for achieving it are qualities of a leader. A leader is someone who makes sure their group gets the resources and support it needs to succeed. Outstanding leaders strike a balance between business acumen, performance, and moral character. Along with their capacity for strategic planning and fostering teamwork, they possess vision, courage, honesty, humility, and focus.

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A representative who acts as a(n) is one who tries to serve the broad interests of the entire society.A) trusteeB) instructed delegateC) partisanD) politicoE) party member

Answers

A representative who acts as a(n) is one who tries to serve the broad interests of the entire society is a trustee.

In a political party, what does a whip do?

The Democratic Whip works with the party's leadership to oversee the Democratic legislative agenda on the House Floor. For crucial party proposals that are up for a vote, the Whip acts as the Democratic Members' communications network and mobilizes them. The term "whip" is derived from Britain, where the House of Commons has utilized them since the late 18th century. The phrase "whipper in" was used by the British Parliament to refer to the person in charge of keeping the foxhound pack together during foxhunting. Whips have historically connected the leadership with the rank-and-file in the U.S. House in both directions.

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pretesting an ad ___does not help in distinguishing between strong and weak ads. makes extensive use of inquiry tests. is free from perception errors such as halo effect. determines the likability and comprehension of an ad. always uses external stakeholders.

Answers

Pretesting an advertisement reveals its likeability and comprehension but does not assist in differentiating between strong and weak advertisements.

What is meant by a stakeholders?

Any individuals or groups that are affected, either positively or negatively, by a project, initiative, policy, or organization are considered stakeholders. They could be internal (individuals working for your company) or external (people outside of your organisation). Stakeholders are any individuals or groups who have an interest in how a firm functions. Building strong and balanced connections with stakeholders is crucial for organizations since doing so will influence how authentically they are able to address their needs.

What are stakeholder skills?

A solid understanding of the company's objectives, together with effective organizational and communication abilities, are necessary for successful stakeholder management. Given the importance of stakeholder management to corporate success and team member performance, applicants are frequently asked in interviews how they would handle stakeholder management.

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Other Questions
Which detail from the selection most effectively helps to develop the key idea that the wars of the roses arose from conflicting claims to the english throne?. The table shows a proportional relationship between x and y.x 3.6 12.2 2.1y 7.2 24.4 4.2Which of the following correctly describes the graph of the relationship? A line that goes through (3.6, 7.2) and (24.4, 12.2) A line that goes through (7.2, 3.6) and (12.2, 24.4) A line that goes through (0, 0) and (3.6, 7.2) A line that goes through (0, 0) and (7.2, 3.6) Is an agricultural country True or false? terry moser, an organizer for the teamsters, gives five progressive steps that can lead to unionization. which step has as one of its purposes to identify employees who can help the organizer direct the campaign? What are the 4 characteristics of oligopoly? Which of the following can be used to identify this painting as a surreal artwork? (3 points)A. Abstraction and Dream-Like-ImageryB. Dream-Like-Imagery and Geometric Shapes C. Organic Shapes and RealismD. Symbols and Realism Most people are likely to be surprised by the results of Milgram's initial obedience experiment because O A the "learmers" obediently accepted painful shocks without any protest O B. the "teachers actually enjoyed shocking another person C the "teachers" were more obedient than most people would have predicted D the "learmers made so few learning errors under stressful circumstances. If the dollar price of the yen (the price of the yen stated in dollars) rises, then we would say thatGroup of answer choicesthe dollar has appreciated relative to the yen.the inflation adjusted value of the dollar has fallen.the yen has appreciated relative to the dollar.the yen has depreciated relative to the dollar. What will be the roots of the equation 3x 7x 5 0? A mass on a spring undergoes SHM. When the mass is at its maximum displacement from equilibrium, its instantaneous velocity A) is zero. B) is less than maximum, but not zero. C) is maximum D) cannot be determined without mass information given. E) cannot be determined without spring constant information given. How do you find the asymptotes and holes of a rational function? What is modern symbols of elements? Why do you think that Chapter 23 ends with Jim tells Huck about the time he beat his daughter for not listening to him all the while not knowing that she was deaf? Each of 8 students reported the number of movies they saw in the past year. Here is what they reported 10,4,8,.15,17,6,19,16. Find the mean number of movies that the students saw. If necessary, round your answer to the nearest tenth. During (blank) 1 of meiosis, the homologues are pulled toward opposite poles of the cell, i.e. they are segregated. when a person has not taken in sufficient water they become dehydrated. this may cause a loss of blood pressure, which will trigger the release of antidiuretic hormone (adh) from the hypothalamus and pituitary glands in the brain. this hormone signals the kidney to allow reabsorption of water by the blood vessels to bring the blood pressure back to normal conditions. is this an example of positive or negative feedback? What does a capacity plate indicate safe load limit? write an interpretive essay that analyses literature from perspective of quotation The graph of which function has an axis of symmetry at x = 3? companies use ______ to fit the needs and preferences of a specific target market by combining product, distribution, promotion, and pricing strategies.