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Mkey [24]
4 years ago
13

For each of the following pairs, predict whether the cross-price elasticity of demand will be positive or negative:

Business
1 answer:
Dmitry_Shevchenko [17]4 years ago
3 0

Answer:

a) Positive.

b) Positive.

c) Negative.

Explanation:

a. Soap and hand sanitizer.- Positive cross elasticity of demand.

b. CDs and MP3s.- Positive cross elasticity of demand.

c. Sheets and pillowcases.- Negative cross elasticity of demand.

Cross price elasticity of demand are used as tool to measure the demand of one product by the change in price of related product like subtitute or complimentry goods and service. It is calculated by using ratio or percentage change in quantity demanded by percentage change in price of a related goods.

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H2Coast, an automobile​ manufacturer, produces​ fuel-efficient hybrid vehicles that are targeted toward​ high-end exotic-vehicle
Aleks [24]

Answer:

C. Psychographic

Explanation:

There are several ways to segment a market. The criteria to be used should serve to predict the behavior of the buyers.

Of the different criteria, psychographic behavioral variables are used when buying behavior is related to the personality or lifestyle of consumers, since they have different preferences and respond differently to offers.

In other words, people are grouped according to their lifestyle, activities, interests and opinions.

8 0
3 years ago
onceptual Connection: For each situation, identify the possible root cause(s) of the activity cost (such as plant layout, proces
Minchanka [31]

Answer:

Explanation:

For each situation, identify the possible root cause or causes of activity cost, among these:

1. Plant Layout

2. Process design

3. Product design

(A) PROCESS DESIGN

The design of the process of production is the root cause of activity cost here. From the rates given, it's clear that the manual method of production costs more time and money than the mechanical production method.

A minor cause of activity cost here is the PRODUCT DESIGN; the cost of which varies with the use of labour and the use of machine.

(B) PRODUCT DESIGN

Change in design of the gear (removal of some component parts) reduces set up time and cost.

(C) PLANT LAYOUT

Redesign of manufacturing plant saves the time and cost of moves.

3 0
3 years ago
Which is usually the best way to present or communicate inferred data?
Mekhanik [1.2K]
D. in a written paragraph
8 0
3 years ago
Read 2 more answers
Google: What is corporate responsibility?
MariettaO [177]
Corporate social responsibility, often abbreviated "CSR<span>," is a corporation's </span>initiatives<span>to assess and take responsibility for the company's effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups. hope this helps

</span>
7 0
3 years ago
Express Logistics provides the following​ information: Operating income $ 1 comma 600 comma 000 Net sales $ 13 comma 500 comma 0
pogonyaev

Answer:

Return on investment = 86.49 %

so correct option is B. 86.49%

Explanation:

given data

Operating income =  $1,600,000

Net sales  = $13,500,000

Average total assets = $1,850,000

target rate of return  = 30​%

to find out

company's return on​ investment

solution

we get here Return on investment that is express as

Return on investment = Operating income ÷ Average total assets   .............1

put here value we get

Return on investment = \frac{1,600,000}{1,850,000}

Return on investment = 0.86486

Return on investment = 86.49 %

so correct option is B. 86.49%

7 0
4 years ago
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