Business incubators assist established companies attempting to generate foreign sales. This statement is false.
<h3>What is Business?</h3>
- The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services).
- Additionally, it includes "any activity or enterprise undertaken for profit."
- The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.
<h3>What do you mean by the company?</h3>
- A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
- Members of the company work together for a shared cause to accomplish clearly stated objectives.
- Companies come in many shapes, including voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit.
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The two primary varieties of price restrictions are known as price ceilings and price floors respectively.
<h3>What exactly are these pricing controls?</h3>
Price control is a technique that the government uses to guarantee that the price of a product or service on the market does not become too high or cheap.
Price controls may be broken down into two categories: price ceilings and price floors. Price floors and ceilings are used to determine the lowest and maximum amounts of a product's price, respectively. Price ceilings are used to determine the maximum amount of a product's price.
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Answer:
The correct answer is option a.
Explanation:
The initial price of movie rentals is $3.25.
The initial quantity is 100.
The price falls to $3.
This causes demand to rise to 120.
The price elasticity of demand a ratio of change in quantity demanded to change in price level.
The elasticity is calculated at -2.25, through the process given in images.
The price elasticity of demand here is greater than 1 which means it is elastic.
So, option a is the correct answer.
The answer is "price".
The marketing mix alludes to the arrangement of activities, or strategies, that an organization uses to advance its image or item in the market.There are 4 p's included in the marketing mix, that are; promotion (communicating value), product (creating value), price (capturing value), and place (delivering value).
Services are now the largest single component of the supply side of gdp, representing over half of gdp.
