With prestige products and services, a higher price might lead to a greater quantity sold, but only up to a certain point.
A product is something that can be supplied to a market in order to satiate a customer's need or desire. In case of marketing, a product is an item or service which is made accessible for consumer utility in response to their demand. Products are also sometimes found in form of merchandise in the retail sector, or they are purchased as raw materials and then made into finished things in the manufacturing sector. The most common types of commodities are basic materials which includes metals or agricultural goods, but can also include anything that is readily available in the open market.
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Answer:
d.discover errors that affect the equality of debits and credits.
Explanation:
Trial balance
: In trial balance, there are two columns namely debit columns and credit columns. The total of debit and credit columns should always be matched.
The debit columns record assets and expenses side whereas, the credit column record revenue, stockholder equity, and the liability side. It shows the error through which the debit side and the credit side would be affected.
Answer:
d. Shopping
Explanation:
Based on the scenario being described within the question it can be said that this flight is an example of a shopping product. This term refers to a product that consumers purchase very rarely, and because of this choose to compare prices between all the available options in the market because they do not know what a regular price range actually is for that product.
Answer:
The law of demand states that all other things being equal, the quantity bought of a good or service is a function of price. As long as nothing else changes, people will buy less of something when its price rises. They'll buy more when its price falls.
Explanation:
