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fenix001 [56]
2 years ago
5

Do you think the price elasticity of demand for Ford sport-utility vehicles (SUVs) will increase, decrease or remain the

Business
1 answer:
olga nikolaevna [1]2 years ago
8 0

a. When other car manufacturers begin to make SUVs, the price elasticity of demand for Ford's SUV will increase. This is because the options consumers have has also increased.

b. When import is banned, the price elasticity of demand for Ford's SUVs will decrease. This is because there are less substitutes for  Ford's SUVs. Consumers would now have limited choices.

c. As a result of the ad campaigns,  the price elasticity of demand for Ford's SUVs will decrease. This is because other cars would be considered to be les safe when compared with the Ford SUVs.

d. Overtime, the price elasticity for Ford Cars will increase as there would be more substitutes

Price elasticity of demand measures how quantity demanded responds to changes in the price of a good

<em>Types of price elasticity </em>

  1. Elastic demand : this means that quantity demanded is sensitive to changes in price. Coefficient of elasticity is greater than 1
  2. Inelastic demand : this means that quantity demanded does not respond much to change in price.  Coefficient of elasticity is less than 1

To learn more about demand elasticity, please check: brainly.com/question/13565779?referrer=searchResults

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Answer:

The correct answer is (A) Localization strategy

Explanation:

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The location decision often depends on the type of business. For industrial location decisions, the usual strategy is to minimize costs, although innovation and creativity can also be critical. For retail organizations or professional services, the strategy focuses on maximizing revenue. However, the warehouse location strategy can be guided by a combination of costs and speed of delivery. The objective of the location strategy is to maximize the benefit of the location for the company.

3 0
4 years ago
Why is the demand for most services--such as popular restaurants--extremely time-and-place dependent?
arlik [135]
The reason why the demand is extremely time-and-place dependent would be: <span>Because customers must be present for service to be delivered
</span>customers must be present for services businesses because Unlike merchandising business, service business focused on the enhance Customer's experience rather than focus on selling the product.
8 0
3 years ago
The annual interest earned on an amount deposited into a bank account will be the same each year when compound interest is used.
max2010maxim [7]
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5 0
3 years ago
Zelda is a recent fashion graduate. She started her own apparel store with an investment of $300,000. In the first year she made
-BARSIC- [3]

Answer: The amount $62,000 ($50,000 + $12,000) would be Genevieve's  Opportunity Cost

Explanation:

Opportunity cost is the next best alternative foregone.

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Which of the following is an example of typosquatting? Group of answer choices A start-up investment company assumes the online
TiliK225 [7]

Answer:

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An example of typosquatting is an environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.

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