Marketing Manager Joe Driscoll stated that the
company believes that all brands and product categories can be reinvigorated,
actively using cross promotions during the latter stages of cross
promotion. Cross promotion is a marketing techniques, in these two companies come for joint promotion of its products
or service.
Marketing manager Joe
Driscoll stated that the company believes that all brands and product categories
cab be reinvigorated actively using cross promotions during the latter stages
of product decline.
In a product life cycle,
product goes with different stages like introduction, growth, maturity and decline.
Product or brand having same life cycle, brand or product can be energized by
using cross promote on marketing technique.
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Answer:
Please refer the detail answer below
Explanation:
(a) Relationship between ticket prices and the number of people choosing to visit amusement parks.
There is an inverse relationship (Law of Demand) between ticket prices and the number (Quantity) of people visiting amusement parks which means that as the ticket prices increase, people will reduce the quantity demanded of amusement park tickets, and spend their income on other goods. For example, they may decide to go to the movies instead of visiting the now more expensive amusement park.
b) Is that relationship consistent with the fact that, historically, park attendance and ticket prices have both risen?
The fact that, historically, park attendance and ticket prices have both risen over time does not invalidate the Law of Demand. The increase in park attendance maybe due to a change in demand (other factors), not a change in quantity demanded, shifting to the right.
Answer:
Compound interest is better than simple interest
Explanation:
Compound interest is better than simple interest especially when it comes to investing. Funds grow at a faster rate in compound interest than simple interest.
Simple interest is the interest on only the principal while compound interest is the interest on principal and on the previous accumulated interest (that is, interest on interest).
The formula for simple interest is:
P x r x t
Where P is the principal
r is the interest rate
t in the time.
For compound interest:
A=P(1+r/n)^nt.
A is the amount after compounding.
P is the principal.
r is the interest rate
n is the number of times interest compounds(adds up) per year
t is the number of years.
Answer: low: higher
Explanation:
<em>A buyer always wants to pay a price that is as </em><em><u>low</u></em><em> as possible, but never </em><em><u>higher</u></em><em> than the buyer's willingness to pay.</em>
As a way to save costs, a buyer will always seek to pay the lowest price they can possibly pay for a good or service. This is why some buyers negotiate prices and seek trade discounts.
Buyers will however have in mind a maximum price that they would be willing to pay. This is called their willingness to pay and it is a threshold that they would not want to exceed. If a good's price is higher than their willingness to pay, they will not buy the good.
