Answer:
The price elasticity of demand for the students is:
inelastic.
Explanation:
The price elasticity of demand for the students is inelastic because there is no change in the quantity demanded by students that changes the price at which pizza is sold to the students. If one student buys the pizza, the price charged remains $10 and if 1,000 students buy the pizza, the price remains $10 per unit. Therefore, students' demand for the pizza is said to be static irrespective of price because the price is fixed.
The aspect of the SMART goal that is missing is that of TARGET DATE.
SMART goals refers to goals that are Specific, Measurable, Attainable, Result oriented and Time bound. The aspect of the time bound was not included in the scenario given in the question.
I would say social media. :) Hope this helps.
Answer:
Producer
Explanation:
in the free market system, Producer is an entity that turn raw materials or skills to create goods or services and sell it to the market in order to obtain a profit.
Computer businesses are a good example of this.
They bought of various types of materials (such as steel, glass, silica sand, iron ore, gold) and transform it into finished products such as a monitor, processor, Audio board, etc.
Some computer businesses also focus on creating software. Rather than raw materials, they utilize coding skills of their employees to create the product and sell it to the market.
Answer:
b. Product Customization
Explanation:
In the bicycle industry, the feel of high-end bicycles when they are ridden is important. As a serious rider becomes accustomed to a particular bicycle, it is very difficult for that rider to switch to an alternative supplier. This is an example of product differentiation through product customization. Product customization can be defined as it is the process where company tailor each and every single product according to the needs and wants of every single individual customer. Every customer can customize each and every single feature and option present in the product according to his or her desire. For example, when you but Dell laptop from their web store, you can customize your laptop where you can select processor, model, screen, speakers, keyboard, hard drive, motherboard of your own choice.
