In a horizontal marketing system, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity. Thus the correct option is E.
<h3>What is marketing?</h3>
Marketing refers as a technique in which awareness of any product is created with the help of advertising and promotion to attract customers and to encourage them to make a purchase.
A horizontal marketing system is a type of distribution channel in which unconnected businesses at the same level form an alliance. The objective is to take advantage of economies of scale.
Therefore, option E is appropriate.
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In the ________, two or more unrelated companies put together resources or programs to exploit an emerging marketing opportunity.
A.contractual marketing system
B.vertical marketing system
C.conventional marketing channel
D.franchise organization
E.horizontal marketing system
The major disadvantage of a trust is
b.
lack of privacy.
Answer:
$88,000
Explanation:
We know that
The operating profit = Revenues - cost
= $2,600,000 - $2,100,000
= $500,000
If there is increase, so the operating profit would be
= Revenues - cost
where
Revenues = $2,600,000 + $260,000
= $2,860,000
Cost = $2,100,000 + $172,000
= $2,272,000
So, operating profit is
= $2,860,000 - $2,272,000
= $588,000
So, the increase in operating profit would be
= $588,000 - $500,000
= $88,000
Answer:
The price elasticity of demand is 1.14.
The price is Elastic.
Elasticity is more than one so total revenue will fall.
Explanation:
Given the initial price of good x = $12
Final price of good x = $12.90
% change in price = [(12.90 - 12) / 12] x 100 = 7.5 %
Initial quantity = 5000
Final quantity = 4600
% change in quantity = [(4600 - 5000)/5000] x 100 = -8%
Elasticity = % change in quantity / % change in price
Elasticity = 8% / 7%
Elasticity = 1.14
The price elasticity of demand is 1.14.
The price is Elastic.
Since elasticity is more than one so total revenue will fall.
