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Answer:
Mark's individual consumer surplus is $10.
Explanation:
Mark and Rasheed are at the bookstore buying new calculators for the semester.
Mark is willing to pay $75 and Rasheed is willing to pay $100 for a graphing calculator.
The price for a calculator at the bookstore is $65.
The consumer surplus is the difference between the maximum price that a consumer is willing to pay and the price he actually has to pay.
Mark's individual consumer surplus
= Price mark was willing to pay - Price he actually has to pay
= $75 - $65
= $10
Answer:
FALSE
Explanation:
Relationship marketing refers to the technique aimed at promoting customer relationships, communication and lengthy-term commitment. It is intended to build good consumer relationships by presenting them with knowledge that is specifically tailored to specific needs and requirements, and by enabling open lines of communication.
Thus, from the above we can conclude that the given statement is false as the company will focus on all of its customers under such strategy.
Answer:
forming a work team. A company unit responsible for its own costs and profits is referred to as______ -departmentalization. -specialization.
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