True. Managers should consider the price sensitivity of the target market when setting prices.
<h3>What is meant by price sensitivity?</h3>
The degree to which demand fluctuates as a product's or service's price changes is known as price sensitivity. The price elasticity of demand, which implies that certain buyers won't pay more if a lower-priced choice is available, is a typical method for measuring price sensitivity.
By dividing the percentage change in quantity demanded by the percentage change in price, one can calculate price sensitivity. Sensitivity in finance refers to how much a market instrument will change in response to changes in underlying factors, most frequently in terms of how its price will move in response to other circumstances.
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Managers should consider the price sensitivity of the target market when setting prices.
t OR f
Answer:
The above statement is TRUE
Explanation:
Isocost Line shows input/factor combinations (here - labor & capital) which are of same Total Cost / budget to the producer , given factors price .
It is analogous to Consumer's Budget Line Constraint (representing product combinations satisfying their income budget) .
It is an important component of Producer's Equilibrium : Producer is at equilibrium where Isocost is tangent to Isoquant (representing input/ factor combinations yielding same level of production quantity - analogous to consumer's indifference curve showing production combinations offering same consumer satisfaction) .
Tangency of Iscost line to Isoquant curve gives Producer Equilibrium .
I guess the correct answer is may want to buy one of these solutions prematurely
One of the dangers in researching vendor solutions is that users and analysts may want to buy one of these solutions prematurely.
Stockbrokers who still had profits on their books were afraid that their profits would disappear.
Stockbrokers who had losses were afraid that those losses might get larger.
Investors decided to get out of the market.
It describes the
ethical decision, which needs consideration, of an employee leaving his failing company and starting
his own and progressing to a level where they are competing with their previous
employers.<span>
The box states an environment where a company is faltering
and an employee has an idea who goes independently to make business of same
kind a successful one. Being in the same business the employee has a choice of contacting
the previous customers directly, the box asks the learners to see its ethical
aspects as well as consequences and choices.
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