<span>It's a stored value card.
This is a type of card that is credited or stored with certain amount of money for specific purposes. The amount saved in the stored value does not reflect in Jennifer's checking account, so even if by any means she is robbed or misplaces the card, her personal savings will still be intact.</span>
Product market comparisons that focus on labor costs are likely to deserve greater weight when product demand is inelastic.
<h3>What is the product market?</h3>
The product market is defined as the marketplace where final items or services are sold to firms and the government.
It does not concern trading in raw or another intermediate substances because it concentrates on the selling of finished goods. Business enterprise market and labor market are two speeches that are related to but not interchangeable.
When product demand is inelastic, product market comparisons that focus on labor costs are more likely to be valuable.
Learn more about the product market, refer to:
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Answer:
True
Explanation:
It is similar to supply and demand principal. Hope I helped.
Answer:
There is the diagram and some explanations
Answer:
The correct word for the blank space is: competitive.
Explanation:
Pricing strategies are methods companies use at the moment of setting the prices of their products. The most common pricing strategies are:
- Cost-plus pricing.<em> Involves recognizing the production costs and adding a percentage of those costs which represents the profit of the firm.
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- <u>Competitive pricing</u>.<em> Implies establishing the price of a product similar to what competitors in the market have set.
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- Value-based pricing.<em> It requires setting the price of goods and services based on what consumers think the price should be.
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- Price skimming.<em> Involves pricing a product high at first and changing the price according to market fluctuations.
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- Penetration pricing.<em> Implies setting the price of a product low to wipe out competitors and raising it after they completely disappeared.</em>
