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
Using the percentage of receivables method for recording bad debts expense, estimated uncollectible accounts are $25,000. If the
pav-90 [236]

Answer:

c. $33,000

Explanation:

The computation of the bad debt expense is shown below:

= Estimated uncollectible amount + debit balance of allowance for doubtful accounts

= $25,000 + $8,000

= $33,000

To find out the bad debt expense, we have to add the estimated uncollectible amount and the debit balance of allowance for doubtful accounts so that an accurate amount can come.

5 0
3 years ago
Brettson Inc. is a major player in the U.S. consumer electronics markets. It sells radios, televisions, DVD players, and a numbe
jasenka [17]

Answer: Differences in product and technical standards

Explanation:

International market has some variety of item when it comes to when the product compete with the locally sold item. When a product which is not being made in a particular country is entering that same country it has some competition to deal with and would have to go through some required standard already in place set by the the country which it's going into. Each country will have their different technical standard and this would determine some decisions on how the international product will sell in this market.

8 0
3 years ago
Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre
Leviafan [203]
Paying your phone bill late and maxing out your credit card can hurt your credit score. 
7 0
3 years ago
Read 2 more answers
Jacque owns a medium-sized business in the United States. Approximately how likely is it that her company exports?
Degger [83]

If Jacque owns a medium sized business in the United States, it is likely that there is approximately thirty percent of chance that her company will have a chance of being an exporter because of the reason that one-third of the companies in the United States has the capability of exporting goods or services to other countries.

6 0
3 years ago
If the price of a good increases, all else the same, then the consumer's total utility will increase. decrease. remain the same
AnnyKZ [126]

When the price of a good increases, all else the same, then the consumer's total utility will decrease.

<h3>What is utility?</h3>

Utility simply means the satisfaction that's gotten when one consumes a particular product.

In this case, it should be noted that when the price of a good increases, all else the same, then the consumer's total utility will decrease. This is because less products will be bought.

Learn more about utility on:

brainly.com/question/24922430

6 0
2 years ago
Other questions:
  • What would it signify if the population of a country remained the same while the real GDP increased? A) the economy is in declin
    5·2 answers
  • Which of the following techniques can be used to narrow options for increased decision-making effectiveness? A. Applying differe
    9·1 answer
  • A person's total "net worth" =
    12·1 answer
  • How is a post from a social media influencer different than a comment from a regular consumer?
    6·1 answer
  • In this market research step, the data are compiled, studied, and interpreted:
    12·1 answer
  • Jeremy is working on a spreadsheet. Which part of the information processing cycle will justify Jeremy's use of the spreadsheet
    13·1 answer
  • According to recent data, only 36 percent of Uber's current employees are women. How do you think this situation helped perpetua
    9·1 answer
  • Optimum Weight Loss Co. offers personal weight reduction consulting services to individuals. After all the accounts have been cl
    12·1 answer
  • What is a tax bracket?​
    8·1 answer
  • Which of the following items may be a good consideration in selecting a bank? I. The bank sends a representative to the local ma
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!