Professional organizations and producer groups have the incentive to restrict advertising in order to reduce competition on the basis of price.
Advertising has the power to influence the tastes of the consumers of a product. Effective restrictions on advertising also helps to raise the profit that a business makes.
It does this by the reduction of price sensitivity and also leading to a fall in the number of competitive firms.
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Answer:
2. For Joe income effect dominates while for Adam substitution effect dominates
Explanation:
Income effect refers to change in the real i.e inflation adjusted income when prices change.
In the given case, Joe works at two jobs which means that for a greater income he is willing to work for more hours. Thus, in his case it can be said that income effect is prominent.
In the case of Adam, he works overtime regularly which means for every extra hour of work, he earns an extra income. This represents change in the relative income owing to change in working habits. This is a case of substitution effect.
Answer: See explanation
Explanation:
Based on the information that was provided in the question, Pablo’s case with regards to the scenario given will be regarded as a civil case due to the fact that Drew is being sued.
The Federal court will be the court where the case will hold. This is due to the fact that the parties involved are from different states. While Pablo is from New Mexico, Drew is from California. For speeding, a criminal case can also be brought against Drew.
Answer:
Intrinsic Motivation
Explanation:
The right answer according to the given condition is <em>Intrinsic motivation.</em>
<em>What is Intrinsic Motivation:</em>
It is the type of an organizational idea that in an ideal organization employees are way more satisfied with the culture, environment and the work they do than the pay they get. Such type of idea is known as intrinsic motivation.
Hence, in this question, Chip Conley discusses about an idea called intrinsic motivation. Where intrinsic means internal rewards or encouragements that employees are getting due to which they are satisfied to work har irrespective of the pay they are getting.
False. Companies actually pay 5 million for a 30 second ad on the Super Bowl.