It's up on Google but the definition is a sum of money granted by the government or a mass public body to assist an industry or business so that the price of a commodity or service may remain low or competitive.
A relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.
<h3>What is shift in demand?</h3>
A shift in demand connote when at any given price, the quantity demanded of a product or services is said to be different than it was before then and as such, shift in demand can happen due to income increase.
Therefore, a relevant example in my own life of how a change in the market in terms of information, technology and others has shifted the demand of a good is when I and some others knew that one can work easily from home through the use of a laptop and as such, the demand for laptops became very high as well as affordable internet subscription plan.
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Answer:
Sales promotion
Explanation:
Sales promotions refer to the persuasive activities of convincing potential customers to buy a product. The objective of a sales promotion is to boost sales volumes. The tactics used in a sales promotion are designed to have a short term effect. However, a business may acquire long-term customers through sales promotion techniques.
Sales promotion may focus on customers by enticing them to buy. They may also target traders by encouraging them to sell more. The techniques used in a sale promotion include Money off coupons, Competitions, Free gifts, Loyalty cards, Discount vouchers, among others.
Answer:
Correct option is (A)
Explanation:
Companies that are price setters or price makers produce unique products as they have an advantage over others. They are price makers as they enjoy monopoly in the market.
Companies producing homogeneous products cannot be price setters as there are many other companies operating in the same market so prices are set by the market forces.
Answer:
The Answer Is A Because You Spent Less Money But Dont Get Any Back.
