As the company recently changed its business model from just selling explosives to managing an entire blast in a quarry. This customer-solution-based approach to the sale of explosives is an example of systems selling.
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What is a Business Model?</u></h3>
- The strategy a business uses to turn a profit is referred to as its business model. It lists any estimated costs as well as the goods or services the company intends to sell, as well as its chosen target clientele.
- Both new and established businesses need strong business models. They aid young, developing businesses in luring capital, hiring talent, and inspiring management and personnel.
- Established companies should change their business strategies on a regular basis to account for emerging trends and difficulties. Investors use business plans to assess potential investments.
- A business model is a comprehensive strategy for running a company profitably in a particular industry. The value proposition is a key part of the company model.
Systems selling is the practice of offering linked products or services as a unit rather than individually or independently. Products that are combined under systems selling are typically complementary products.
Therefore, This customer-solution-based approach to the sale of explosives is an example of systems selling.
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an example of an I statement would be d: I feel hurt when you ignore me at meetings; it makes me think that you don’t value my opinion.
The equilibrium premium, which balances the premiums charged to healthy and unhealthy people, charged for insurance under this scenario is <em>e. You charge $3,000 and everyone buys insurance.</em>
$3,000 will be affordable to both the healthy and the unhealthy. This amount of premium will enable both classes to buy insurance.
It will <em>not benefit</em> the company to charge:
- $2,000 and enable everyone to buy insurance
- $3,000 and enable only unhealthy people to get insurance
- $1,000 so that only the healthy people to buy insurance
- $1,000 because only healthy people buy insurance.
Thus, the insurance premium charged should be <em>Option E.</em>
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Answer:
if the price increases by 1 percent, the quantity demanded will decrease by 2 percent.
Explanation:
As we know that
Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)
Since the price elasticity of demand is -2 that means the price is increased and the quantity demanded is decreased
The price would be increased by 1% and the quantity demanded would be decreased by 2% because of this, the price elasticity would be negative
I think its who . i hope this helps
