Answer:
The correct answer would be, Brainstorming.
Explanation:
Dean used a technique, called Brainstorming.
Brainstorming is a process of generating new and innovative ideas by group discussion.
When a group of people discuss anything and generate ideas or give innovative solutions of the problem being discussed, they are actually resolving the problem and this process is called as brainstorming.
So in this question, when Dean went to his team to seek solution to the problem which he recently encountered, his team came up with surprisingly new innovative ideas that astonished Dean. So Dean actually used a technique called Brainstorming to make his team generate solution for the problem with their ideas and suggestions.
The marketing function that this scenario best describes is marketing research, which is performed to collect data that will assist in the development of the company's marketing strategy.
We can see that Five-A-Day conducts marketing research by creating advertising campaigns that encourage the consumption of its products to its target audience, which are children.
Therefore, marketing research is an essential step for companies to segment their market through important information about the consumer's profile, preferences and needs.
In this way, the company makes better strategic decisions to increase its market position.
The correct alternative is letter E.
Find out more information about marketing research here:
brainly.com/question/24906199
The market mechanism benefits society by ensuring that: <span>scarce resources are channeled into products most desired by society
Market mechanism determines which products stays or go by relying purely on the force of supply and demand. If the products are desired by the customers, the producer will always keep up with the demand in order to rake in the potential profit.</span>
Answer:
Elasticity of demand measures how the amount of a good changes when its price goes up or down.
Explanation:
bruh
Answer:
a) Y = 500
b) Wages: 2.5
Rental price: 2.5
c) labor Share of output: 0.370511713 = 37.05%
Explanation:
if K = 100 and L = 100
Y = 500
wages: marginal product of labor = value of an extra unit of labor
dY/dL (slope of the income function considering K constant while L variable)
With K = 100 and L = 100
Y' = 2.5
rental: marginal product of land = value of an extra unit of land
dY/dK (slope of the income function considering K variable while L constant)
L = 100 K = 100
Y' = 2.5
c) we use logarithmic properties:
50 was the land while 10 the labor
2.698970004 = 1.698970004 + 1
share of output to labor: 1/2.698970004 = 0.370511713