Answer:
C) It is an extremely cost efficient way to reach a large number of people.
Explanation:
Advertising refers to a marketing strategy in which the company able to promote its goods and services in a various ways like in television, social media, print media, etc so that it could create awareness among the people
According to the given options, the option C is correct as it derives the actual meaning and motive of advertising that it is cost efficient plus it also reaches to a large number of people.
hence, the correct option is c.
Answer:
Urgency / Postponement leads to customer inelastic demand of ice melt.
Explanation:
Elasticity of demand is responsive change in demand of good, due to change in price. Formula = % change in demand / % change in price
Factors Affecting Price Elasticity of Demand : Nature of commodity, Income, substitutes availability, time period, urgency / postponement, share in total expenditure,
Inelastic Demand is when demand responds proportionately less to price change. % change in demand < % change in price
Case 'Customer critically needs ice melt to drive to work' : This has inelastic demand i.e demand less respondent to price changes (he will buy that at high price too). Such because of the urgency of this demand & less scope of its postponement.
Answer:
B
Explanation:
The cyclically adjusted budget balance is what the budget balance of an economy would be if the GDP was at its potential. It is also known as the known as the full employment budget balance
Answer:
C Negligence
Explanation:
Negligence is the most common basis for a civil tort claim. It alleges the fault of the defendant based on four elements: duty, breach of duty, causation and damages.
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