Answer:
Letter d is correct. <u><em>Increase in the demand for cranberry juice.</em></u>
Explanation:
<u>Substitute products</u> are those that can be replaced by other products that are not similar but and which meet the same needs as customers may have greater benefits or a lower price offer.
This concept is presented by <em>Porter</em> as a model of competition analysis that influences business strategy, called <em>Porter's 5 forces</em> that, in addition to other variables, analyzed substitute goods and how they contribute to market division.
Therefore, in this question, when the price of orange juice increases, the demand for cranberry juice increases as it is a substitute product
Option (d) is true i.e, If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
The Discount is a price cut applied to the regular cost of a good or service in an effort to generate or boost sales. Retailers and manufacturers use these reductions, also known as "sales" or "markdowns," across a variety of industries.
Types of Discounts:
- Trade discount,
- Quantity discount,
- Cash discount.
A price reduction offers a financial benefit, an incentive for customers to buy the product, according to the economic impacts of price reductions. Numerous earlier research has shown that consumers perceive greater levels of savings for a product when a larger price discount is offered.
The credit card that Kanya has to give a discount of = 6%
The cost of the laptop Kanya wants to buy costs= $420
The amount that will be deducted from the cost of the laptop= 420 × 6/100
= 2520/100
= $25.2
Therefore, the correct statement is that If Kanya uses the credit card and pays the full balance during the billing cycle, she will spend $25.20 less than paying cash for the laptop.
To know more about discount refer to: brainly.com/question/1548141
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Answer:
A target market refers to a group of customers to whom a company wants to sell its products and services, and to whom it directs its marketing efforts. Consumers who make up a target market share similar characteristics including geography, buying power, demographics, and incomes.
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Answer:
The Correct option is C
Explanation:
A think global, act global approach to strategy making is preferable to a think local, act local approach when the country-to-country differences are small enough to be accommodated with the framework of a mostly uniform global strategy.
Answer:
Research has shown that :
The fundamental goal of a business is to maximize profits for its owners or stakeholders while maintaining corporate social responsibility.
