A) strategic
B) tactical
C) operational
D) short-term
E) none of the above
its b tactical
With prestige goods and services, a higher price may, but not always, result in a higher sales volume.
<h3>What do economists mean by prestige goods?</h3>
Numerous products and services have prestige value, elevating the standing of their owners or users. Such items are referred to be prestige (or status, or positional) goods. These prestige products include things like jewelry, designer apparel, expensive homes and vehicles, and lavish entertainment.
<h3>Why is the demand curve for prestige items different?</h3>
Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances.
To know more bout Prestige products visit:
brainly.com/question/6374886
#SPJ4
Excellent customer service is very important because if they treat the customers badly then their company’s customers will slowly decrease
Descriptive analytics is best described with a report that includes charts and graphs explaining the data.
<h3>What Is Descriptive Analytics?</h3>
The interpretation of historical data through descriptive analytics helps to better comprehend changes that have taken place in a firm. The process of using a variety of historical data to make comparisons is known as descriptive analytics.
In contrast to the complicated calculations required for predictive and prescriptive analytics, descriptive analytics typically uses simple math and statistical methods, such as arithmetic, averages, and percent changes. Since results are presented using visual tools like line graphs, pie, and bar charts, descriptive analytics may - and should - be easily comprehended by a broad corporate audience.
Therefore, a report with charts and graphs illuminating the data is the best way to describe descriptive analytics.
To know more about prescriptive analytics refer to: brainly.com/question/14392964
#SPJ4
There are different kinds of cost incurred in business. Depreciation of equipment is an example of sunk cost.
- Sunk cost is a financial term for a cost that has been incurred and one cannot recover again. This type of costs are taken as bygone and are not taken into consideration when making decisions.
They are money that has been spent and one cannot get back again. Example is Depreciation, amortization, and impairments.
Lean more about Sunk costs from
brainly.com/question/16524308
