If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive, you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.
Answer:
Instructions are listed below
Explanation:
Price elasticity of demand is an economic measure of the change in the quantity demanded or purchased of a product to its price change. If the quantity demanded of a product exhibits a large change in response to changes in its price, it is termed "elastic," that is, quantity stretched far from its prior point. If the quantity purchased has a small change in response to its price, it is termed "inelastic", or quantity didn't stretch much from its prior point.
Price Elasticity of Demand = % Change in Quantity Demanded / % Change in Price
A) PED= [(Q2-Q1)/Q1]/[(P2-P1)/P1]
PED= [(1.5-1)/1]/[(60000-100000)/100000]= 1.25
B) PED= [(1-1.5)/1.5]/[(100000-60000)/60000]= 0.5
C)Midpoint formula:
PED= {(Q2-Q1)/[(Q2+Q1)/2]}/{(P2-P1)/[P2+P1)/2]}
PED= {(60000-100000)/[(60000+100000)/2]}/{(1-1.5)/[1+1.5)/2]}
PED=0.5/0.4= 1.25
D) Midpoint formula:
PED= {(Q2-Q1)/[(Q2+Q1)/2]}/{(P2-P1)/[P2+P1)/2]}
PED= {(100000-60000)/[(100000+60000)/2]}/{(1.5-1)/[1.5+1)/2]}
PED= 0.5/0.4= 1.25
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Portfolio analysis is the answer.
Portfolio analysis is the process of reviewing or valuing the elements of a company's entire portfolio of securities or products. The review is conducted for careful risk-return analysis.
Business portfolio analysis is basically the process by which a company's products and services are considered and categorized based on performance and competitiveness.
They focus on factors such as the contribution of securities selection, sector weights, asset allocation, and perhaps the flow of funds in and out of cash positions and portfolios. You can discuss portfolio performance regardless of the benchmark.
Learn more about portfolio analysis here:brainly.com/question/2758250
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