Answer:
standardization
Explanation:
Standardization marketing strategy can be regarded as strategy that use in making a market to be a solution having uniform consistency throughout particular marketing mix. It is the
marketing of products and keeping a uniform image of the product among the varying markets. It should be noted that If an organization sets the marketing objective of maintaining uniformity and strong centralized control over its marketing activities and products, then the organization is choosing standardization strategy
A limited partnership is owned by a small pool of investors; if there is only one owner, then it is a sole proprietorship.
Answer:
-0.20
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
Substitute goods are goods that can be used in place of another good.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Complementary goods are goods that are consumed together
Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 16 million - 14 million = 2 million
Average = (16 million + 14 million) / 2 = 15 million
2 / 15 = 0.133
midpoint change in price = change in price / average of both price
change in price = 1 - 2 = - 1
average of price =(2 + 1) / 2 = 1.5
-1/1.5 = -0.67
0.1333 / -0.67
When supplies of goods and service are plentiful, the prices usually drop but when they are scarce, prices start rising.
Answer: Option D
Explanation: Expenses incurred by business in day to day to operations are called costs. These costs can be divided as follows:-
FIXED COST : These are the cost which are independent of the level of output.
VARIABLE COST : These are the cost which varies as per the level of output.
Increase in the level of production will increase the electricity consumption, also consumption of direct materials is directly related to number of units produced. Wages of workers are usually dependent on the output they produce. Hence, only insurance premium is a fixed cost as the company has to pay it irrespective of the level of output.
