Answer:
b. the price was below the prices of comparable services.
Explanation:
In a market there are number of people providing the same services. Accordingly a fair rate for any service can be easily determined.
In the given instance, Big Dig made a fault by charging low fee as, that service demands particularly high fee.
Although Commercial Development Corporation can easily counter confirm the price of service in the market, and that it knows that the contract is certainly mistaken by Big Dig, it can and should ethically agree with the revised price, that is the correct price as per the prevailing market prices.
Answer:
Publicity
Explanation:
Publicity is when a business fasten the demand for its product by getting it reviewed and featured either in newspapers, in radio or television through their editors, journalist, reporters and columnist. Publicity is not paid for by the sponsorers. However, some indirect costs like entertainment of guest invited, stage decoration and inviting members of press to cover the event, may be expended.
Publicity comprises organizing seminars, opening new restaurants, presentation of public speeches, granting of interviews and entertainment shows which informs it publication by the media.
The aim of publicity are ;
-Create awareness for newly launched products
- to intensify effort in the promotion of products newly produced
- sales increase for existing ones.
Answer:
b.
Explanation:
Based on the scenario being described within the question it can be said that this is an example of strategies to improve customer responsiveness and innovation. Which is what the training class is providing by teaching the managers these skills they will be able to better communicate with customers is a wide range of circumstances, thus increasing customer responsiveness.
The answer would be B because you need to only use a small %
Answer:
a) a demand curve
b) a demand schedule
Explanation:
If Maria's boss wants a graphical representation of the relationship between the price and quantity of televisions demanded she should construct a demand curve as this is a graphic that shows the demand quantities at different prices.
If Maria's boss is more interested in the detailed numbers used to construct this visual representation, she should construct a demand scheduled as this is a table that shows the relationship between the price and the quantities demanded.