Answer: Cell phone companies found that when they raised the price of connecting to wireless hot spots, demand decreased more than proportionally among casual users but decreased less than proportionally among businesspeople. this is because wireless connectivity is a <u>luxury or non-essential</u> good for casual users but an <u>essential</u> good for business people.
Casual users tend to use the wireless if and only when they can afford it i.e. it is not an essential commodity for them. That is why, the demand decreased more than proportionally among casual users, when prices increased.
On the other hand, wireless hotspots help business people to get their work done in a speedy and efficient manner. So wireless hotspots become more essential to business people. Therefore the demand is relatively inelastic for connectivity and falls less than proportionally for business people.
The profit-maximizing choice for the monopoly will be to produce at the quantity where marginal revenue is equal to marginal cost: that is, MR = MC.
Since Eduardo sold 500 shares of Northcote corporation stock on the new York stock exchange. this transaction is known to be occurred in the secondary market.
<h3>What Is a Secondary Market? </h3>
The secondary market is known to be a type of a market where investors are said to come together so as they can be able to buy and sell securities that they are said to have already own.
Note that it is what a lot of people often think of as the "stock market," and as such, Since Eduardo sold 500 shares of Northcote corporation stock on the new York stock exchange. this transaction is known to be occurred in the secondary market.
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: Eduardo sold 500 shares of Northcutt Corporation stock on the New York Stock Exchange. This transaction: Multiple Choice took place in the primary market occurred in a dealer market occurred in the secondary market. involved a proxy
Answer: B2B ( Business to business)
Explanation:
The Business to business (B2B) is one of the marketing process in which the products are promoted to the other organization or any business by using the various types of business operations or functions.
The business to business marketing plays an important role as it allow various types of organization for expanding the business in the market.
According to the given question, the ABC auto supply is one of the firm that are basically using the E commerce software that allow the users or consumers for ordering their auto parts.
Therefore, The ABC company is basically follows the B2B business model.
Connie can best be described as Solo Operator type of entrepreneur.
Explanation:
Connie is a single mother who works from home on her small business which is her primary source of income but is ridden by the work of house and work which makes her unable to expand her business as she cannot invest enough time in it.
This is happening because she is a sole operator as in she has to take all the decisions and do all the work by herself with no additional help from anyone else whatsoever in the family or the work front either.
