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kozerog [31]
3 years ago
7

Jack manages an upscale French restaurant in the Washington, DC, area. His restaurant offers a few specials each evening in addi

tion to its regular menu. Jack has trained his servers to report comments and requests for items that have previously been offered only as specials. Jack uses this information to reduce the ________ gap in services marketing.
Business
1 answer:
Alex73 [517]3 years ago
8 0

Answer: Knowledge gap

             

Explanation: In simple words, knowledge gap refers to the difference between the expectations that a consumer have from the product regarding its quality and the value he or she actually receives from that product.

In the given case, Jack is trying to know the actual comments from the customers so that suitable changes could be made to fulfill their requirements more properly.

Hence, we can conclude that he is trying to reduce the knowledge gap.

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Suppose that the U.S. government decides to charge cola producers a tax. Before the tax, 35,000 cases of cola were sold every we
galben [10]
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3 years ago
The _____ quality attributes are embedded in the total product, that is, the physical or core product and all the additional fea
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6 0
3 years ago
During 2015, Wright Company sells 470 remote-control airplanes for $110 each. The company has the following inventory purchase t
Kaylis [27]

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8 0
3 years ago
Which explains why the price indicated by p2 on the graph is lower than the equilibrium price?
Vsevolod [243]

According to economic principles, as prices fall, quantity demanded goes up.

What is equilibrium price?

The market price at which the amount of goods supplied and the amount of goods sought are equal is referred to as the "equilibrium price."

The demand and supply model's reasoning is straightforward. For instance, when sugar prices are lower, the market's demand is automatically increased.

Excess demand is depicted in the graph. The price is less than the equilibrium price, as shown by p2 on the graph, since as the price decreases, the quantity demanded increases.

As a result, option (a) As prices fall, quantity demanded goes up is correct.

Learn more about on equilibrium price, here:  

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