Informative, because markets need to be informed about new products
Answer: To meet customer demand, to take advantage of low priced goods or to purchase raw materials.
Explanation:
Import refers to the quantities of goods that are bought from other countries. Many companies trade to meet domestic customer's demand or to take advantage of lower priced product or to purchase raw materials which are not available domestically in order to produce finished goods domestically.
Answer:
5.70%
Explanation:
Stock return for Normal state of economy
= 0.15 × 10.9 + 0.51 × 4.3 + 0.34 × 13.3
= 8.35%
Stock return for Boom state of economy
= 0.15 × 18.2 + 0.51 × 26.2 + 0.34 × 17.7
= 22.11%
Weighted average return
= 0.78 × 8.35 + 0.22 × 22.11
= 11.38%
Standard deviation = Normal probability state of economy × (Stock return for Normal state of economy - Weighted average return)^number of years + Boom probability state of economy × (Stock return for Boom state of economy - Weighted average return)^number of years)^percentage
= 0.78 × (8.35 - 11.38)^2 + 0.22 × (22.11 - 11.38)^2)^0.5
= 5.70%
For a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.
<h3>Why is the relationship between demand and price of prestige products direct?</h3>
The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.
And when the quantity demanded increases, the price tends to increase.
An example of a prestige product is an old car.
Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a <u>positive direct relationship</u>.
Learn more about the demand for prestige products at brainly.com/question/6374886
