Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."
This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.
Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.
Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.
Learn more here: brainly.com/question/15654343
Answer:
15.37%
Explanation:
Computation of the gross profit percentage
First step is to calculate the Gross profit using this formula
Gross profit = Net sales revenue - Cost of goods sold
Let plug in the formula
Gross profit= $134,700 - $114,000
Gross profit= $20,700
Now let determine the Gross profit percentage using this formula
Gross profit percentage = Gross profit / net sales revenue
Let plug in the formula
Gross profit percentage= $20700/ $134700
Gross profit percentage= 15.37%
Therefore Gross profit percentage is 15.37%
Answer:
the differential cost is $11.65 per pound
Explanation:
The computation of the differential cost of producing product D is shown below:
Here the differential cost of generating product B should be considered as the additional cost needed to produced i.e. $11.65 per pound
Therefore the differential cost is $11.65 per pound
So, the same should be relevant
Answer:
C. Value spending time with the children by more than $13,000.
Explanation:
Given that Pat earns $25,000 per year after taxes and the childcare costs $12,000 per year, the value of spending time with with the children will be more than $13,000. If Chris becomes a stay at home parent, the value would have been $23,000 as $12,000 will be paid for the childcare. The amount is calculated by finding the difference between the earnings and childcare costs.
Answer: Interactive promotion
Explanation: Interactive promotion or advertising is the type of advertising in which the advertiser tries to make a conversation with the customer. This type of advertising is generally done using social media platform and is relatively a new trend in the advertising industry.
Interactive promotion focuses on the participation of the receiver by the means of game or contest etc.
