Answer:
The correct answer is option a.
Explanation:
The price elasticity of demand shows the responsiveness of quantity demanded to change in price. It is measured by the ratio of proportionate change in quantity demanded and proportionate change in price.
Unit price elastic means that the price elasticity of the good is 1. This implies that the percentage change in quantity demanded must be equal to the percentage change in price.
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The profit motive
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STSN
Answer:
If Best Buy chose to compete by introducing online sales direct to the consumer, this would be an example of marketing change.
Explanation:
If Best Buy decided to change its conditions of sale to be able to compete with its adversary companies, that change would imply a marketing change, since it would modify the way in which the products are offered to the public.
Marketing changes are changes in the conditions of advertising and sale of products, through which they seek to renew sales through innovative supply systems, which capture the attention of consumers.
