Answer: whether customers of the product would switch to other substitute products marketed by the same firm.
Explanation:
Customers regular move from one good to another or from one good to it's substitutes in a process called Customer Migration.
There are various reasons for this such as affordability, change in technology, trends and the like.
When a company contemplates ending a product line and decides to study customer migration patterns, they are checking to see what the customer will switch to when the product is deleted. If they make substitutes to the product to be deleted, they will be checking to see if the customers will switch to these substitutes if the product line is ended.
You just need to find time for both.
Answer:
Personal elaboration
Explanation:
Personal elaboration is the simplest and important form of recall memory. In this process, the consumer can recall the deepest comprehension and then there is the greatest chance to recall accurately.
Different strategies play a great part in this process.
- To describe the place in details
- Use very specific words
- Show taste, smell, feeling, smell.
- To show the comparison between two similar things
- To use the exact words from another person
- To describe something movement about objects
- Show the feeling that how something has happened
-
Answer:
b. can keep the accessories but not the motorcycle.
Explanation:
Answer:
The total revenue for barley producers will increase because the price effect is greater than the quantity effect.
Correct option is D. increase; price; quantity
Explanation:
Price effect (which is the impact that a change has on prices) in the scenario above is greater than Quantity effect (a reduction in commodities sold after an increase in price).
Since breweries still buy below the percentage of the Price effect, the revenue of barley sellers will continue to increase.
However, the revenue will start to decrease when the quantity effect exceeds the price effect.
