1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ilia_Sergeevich [38]
3 years ago
10

The customers of TimeZone watches have high brand loyalty and although the watches are priced at high rates, TimeZone's customer

s are willing to pay the market price of the product. This is an example of _____.
Business
1 answer:
lara [203]3 years ago
5 0

Answer:

Inelastic demand/ inelasticity of demand

Explanation:

Either way, inelastic demand or inelasticity of demand is simply a situation whereby demand for a certain commodity does not change despite an increase in price and other conditions.

In inelasticity of demand, elasticity is less than one which also translates to little or low response to change in prices.

From the question, it can be seen that irrespetive of whatever the company, Timezone watches; decides, in terms of price and other conditions, the customers will always continue to pay for the watches.

i hope this helps.

You might be interested in
I met a girl and she said '' omg, are you a cookie?''<br> then she show this image to me..
Verizon [17]

Answer:

very confused but okayyyy

3 0
2 years ago
Which of the following is not an economic system?
WITCHER [35]

Answer:

the answer is C

Explanation:

this is what I found listing:

-Pure Market Economy.

-Pure Command Economy.

-Traditional Economy.

-Mixed Economy

7 0
3 years ago
Read 2 more answers
Lin corporation has a single product whose selling price is $134 and whose variable expense is $67 per unit. the company's month
Rashid [163]

Answer:

600 units

Explanation:

The equation to calculate target profit is:  

S × Q = (V × Q) + F + T

  • S = sales price  
  • Q = Quantity of units
  • V = Variable expenses
  • F = Fixed expenses
  • T = Target profit

$134Q = $67Q + $32,300 + $7,900

$134Q - $67Q = $40,200

$67Q = $40,200

Q = $40,200 / $67 = 600

7 0
3 years ago
When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect th
Nimfa-mama [501]

When consumers are characterized as preservers, makers, takers, changers, seekers, or escapers, this is because these reflect their "view of society."

<h3>What is economic sociology?</h3>

Economic sociology is the study of the manufacturing, distribution, transfer, and consumption of products and services using sociological concepts and methods.

Some key features regarding the economic sociology are-

  • Economic sociology is especially concerned with the connections between economic activity and the rest of society, as well as changes in the organizations that contextualize as well as condition economic activity.
  • Although traditional economic analysis begins with the atomistic individual, economic sociology typically starts with groups or entire societies, which it opinions as existing independently of it and partially comprising the individual.
  • When economic sociologists focus on individuals, it is usually to investigate how their mutual interests, beliefs, as well as motivations to act are formed through their interactions.

To know more about the economic sociology, here

brainly.com/question/27896828

#SPJ4

4 0
1 year ago
13. Once a firm decides to enter an industry and chooses a market in which to compete, it must gain an understanding of its comp
Irina18 [472]

Answer: Strategic Analysis.

Explanation: Strategic analysis is the process that firms use to study and understand the many different aspects of their competitive environment. This analysis involves the process that focus on researching an organization’s business environment within which it operates. It is an essential tool in formulating strategic planning for decision making and smooth working of the business organization.

Strategic analysis refers to the process of conducting research on a company and its operating environment within which its operates to formulate a strategy. Strategic analysis helps define a strategy that will help stand out from the competitors and to also remain competitive. Another important function of strategic analysis is the prediction of future events and the planning of an alternative approach if the first fail to deliver.

4 0
3 years ago
Other questions:
  • Typically, a steering team or leadership team is responsible for all of the following project related roles EXCEPT:
    12·1 answer
  • Algonquin Books partnered with Barnes &amp; Noble to offer a unique _________. If you purchase one of 12 paperback books publish
    6·1 answer
  • At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is
    9·1 answer
  • Choices companies give customers of the
    14·1 answer
  • First, think about the way in which interest on municipal bonds is treated from a federal income tax point view. In this light,
    14·1 answer
  • The following table shows a simplified consolidated balance sheet for the entire
    8·1 answer
  • List and explain various needs of a business for which funds are required​
    8·1 answer
  • JDS Shipyard's projected benefit obligation, accumulated benefit obligation, and plan assets were $75 million, $65 million, and
    6·1 answer
  • Sheridan Company uses the percentage-of-receivables method for recording bad debt expense. The Accounts Receivable balance is $2
    5·1 answer
  • At the __________ stage of transforming raw materials into finished goods, managers typically use __________ control methods to
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!