There are two correct options from all the available ones in the question: alcohol has a highly inelastic demand and the government wants people to drink less.
A highly inelastic demand refers to an economic situation where demand for a product does not increase or decrease event though price rises or falls – even though the demand quantity for alcohol might fall, the total revenue will still be the same.
The second option is also correct since if the government levies a 40% tax on alcohol, they probably want the citizens to stop consuming them so much.
An initiative allows citizen to propose and vote on constitutional amendments directly, without needing a legislative referral.
Answer:
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Atoms are the basic building blocks of ordinary matter. Atoms can join together to form molecules, which in turn form most of the objects around you. Atoms are composed of particles called protons, electrons and neutrons.
Answer:
Select specific target markets.
Explanation:
Management will investigate the capability of the organization in the last stage or fifth stage of the target market selection process, which is the "select specific target markets". In this stage, there are certain issues that must be resolved and they are;
1. Are there differences in the needs of customers valid to warrant using market segmentation?
2. Which segment should the organization participate?
3. And lastly, are the resources and skills needed to effectively compete in the target market available to the organization at the moment?