A soft drink's price elasticity of demand is lower than Coca-Cola's, which is more sensitive to price. This is due to the ease with which consumers can switch from Coca-Cola to other comparable soft drink alternatives, such as Pepsi.
- However, it would be challenging to replace soft drinks as a whole with alternative products. The price elasticity of demand for soft drinks, in general, is lower than the price elasticity of demand for Coca-Cola because there are no other close substitutes for them.
- The quantity required of a thing or service changes in response to a change in the product's price, and this is measured by the price elasticity of demand. It is computed by subtracting the product's price change from the quantity demanded, divided by the product's price change.
- Because the quantity of Coca-Cola products demanded frequently changes when prices vary, these products are thought to have an elastic demand.
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The answer is<u> "2. cluster sampling."</u>
Cluster sampling alludes to a kind of sampling technique . With cluster sampling, the scientist partitions the populace into isolated gatherings, called groups. At that point, a basic random sample of clusters is chosen from the populace. The analyst leads his investigation on information from the inspected clusters.
Contrasted with simple random sampling and stratified sampling, cluster sampling has points of interest and disservices. For instance, given equivalent example sizes, group testing normally gives less accuracy than either simple random sampling or stratified sampling. Then again, if travel costs between clusters are high, cluster sampling might be more practical than alternate strategies.
Answer: a strategic channel alliance
Explanation: In simple words, strategic alliance refers to a business arrangement in which two organisations combine their resources for their mutual benefits.
Under such an arrangement two organisation agrees to combine their activities and efforts for a particular objective but still remain independent as two separate entities.
Such alliances are generally evident in situation where companies wants to exploit foreign markets. Hence from the above we can conclude that the arrangement between general mills and nestle is a strategic alliance.
Answer:
The correct answer is letter "D": All of the above.
Explanation:
Budgets are estimates of the expenses that may be incurred during the development of a project. Managers try to keep the expenditures as close as to the budget to make sure a reasonable amount of resources were used. Though, disadvantages of counting on budgets are, for instance, that they are set mostly to a single level of activity without considering adjustments that might be necessary as a result of external changes; also, budgets are a constraint for projects since the executive responsible must monitor how the resources are spent periodically to find out if they will be enough for the project completion.
