Answer:
Criteria 2: The magnitude or impact of the problem is clear.
Explanation:
The problem is well defined in the statement given above. Cryptocurrency is one of the latest investment opportunity for the investors. It is a digital asset which is traded online with different investors. It is used to trade online where physical transfer of cash takes much time or is not possible at all. The magnitude and impact of cryptocurrency is well defined.
The answer is (A) It competes with private business and (C) It acts as an employer.
In a way, the United States government already has direct role in the economy right now, since it has businesses such as the US Postal Service – which competes with private businesses that provide logistics support for customers, such as FedEx. Since it has businesses, the government automatically also plays the role of an employer.
I’m I’m in sixth grade I haven’t learned how to do this yet I’m srry if this was not a good answer
Answer:
If the past analysis suggests that the customers consume more of the special flavors then that special flavor can be added to the menu permanently. But the analysis is to be made that of which flavor is consumed more than the regular ones {already in the menu}. The taste of customers is important and this will help in adding more seasonal flavors {they can be added in the regular menu if the customers prefer new flavor}. If the analysis finds that customers don't consume special flavors for more than a single time than new flavors needs to be launched every month in order to secure high number of sales.
This 4 month analysis will enable the local pizza parlor achieve a good customer satisfaction and reach its goal.
Explanation:
If the past analysis suggests that the customers consume more of the special flavors then that special flavor can be added to the menu permanently. But the analysis is to be made that of which flavor is consumed more than the regular ones {already in the menu}. The taste of customers is important and this will help in adding more seasonal flavors {they can be added in the regular menu if the customers prefer new flavor}. If the analysis finds that customers don't consume special flavors for more than a single time than new flavors needs to be launched every month in order to secure high number of sales.
This 4 month analysis will enable the local pizza parlor achieve a good customer satisfaction and reach its goal.
Answer:
The correct answer is: their total revenue will decrease if they lower the price.
Explanation:
A price elasticity equal to one means that sales go up (or down) by the same percentage as the price goes down (or goes up). In this case the total income will not be affected.
An elasticity greater than one means that sales (x) rise (or fall) in greater proportion than the price falls (or rises). In this case the total income goes up. An elasticity of less than one means that sales rise (or fall) in a smaller proportion to the percentage at which the receipt falls (or goes up). In this case the total income decreases. Therefore, to know the result or the effects of a price variation it is very important to know the elasticity.
When the company varies the price of a good, you should consider studying the possible effects of that variation on the demand of the other products of the company.
In summary, we can say that the price drop as a marketing strategy is only usable when the demand for the product is relatively elastic and the company does not compromise its profitability; while the company when it starts a price increase must know the possible responses of the competition, because if it is chosen, it knows that the market will respond especially if there is a leader who usually sets the guidelines when setting prices and conditions of sale, thereby facilitating stability to the sector.
