Answer:
Why does quantity supplied increase when price increases? With increase in Price, Suppliers will provide a higher Quantity. If the Price is set above the Equilibrium Price, then the Quantity Supplied will be higher than the Quantity Demanded and there will be a surplus which will drive the Price back to the Equilibrium Price.
Explanation:
On average, consumers spend only about 13 seconds deciding to buy one brand as opposed to another branded option from the same product category.
<h3>What is consumer purchase behavior?</h3>
This is the term that is used to refer to the behavior of the buyers and consumers of products and the way they make there decisions to buy.
It is said that they spend 13 seconds in making the decision to buy a different brand.
Read more on consumer behavior here:
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Answer: Option A
Explanation: Any person can become a principal having sufficient business but in order to become an agent of the principal one needs to have the capacity to contract on behalf of the principal.
In a principal agent relationship, the principal bounds the agent to act on his behalf. So, there is no legal contracts to become a principal but the acts of agent are legally bound to a certain extent.
Hence, option A is correct.
Answer: marketing managers making pricing decisions.
Explanation:
Management's product and service choices and decisions can influence the cost behavior. The product design, location of plant, technology used in developing a product, product quality, features of product, distribution of product, profit margins, incentives, labor daily wages, and other factors all can influence the cost and pricing decisions of the product.
