Answer:
A. the value the consumer gets from buying a product less its price.
Explanation:
The consumer surplus refers to the benefit a consumer receives when they pay a lower price for a product than the one they were willing to pay. It is calculated by subtracting the price a consumer paid for a product from the maximum price that they were willing to pay. According to this, the answer is that the consumer surplus can be defined as the value the consumer gets from buying a product less its price.
Answer:
Letter E is correct. <u>Sales promotion.</u>
Explanation:
When an organization decides to conduct a sales promotion, it uses a set of tools to encourage and consequently increase short-term sales of products and services.
There are several strategies for conducting a sales promotion. Companies can use:
- discount coupons,
- samples,
- gifts,
- sweepstakes,
- rewards,
- point of sale promotion,
- promotional discounts (...)
There are two factors that influence the development of sales promotion goals: audience and rapprochement (which can be proactive or reactive). The audience sets the goals, so proactive advocacy is about expanding the market, increasing revenue, creating brand value. Reactive goals are determined by negative situations, so goals include market exit, matching competitors and generating liquidity.
Well if you have a family business your family most likely will invest which is a smart way to start a business but if your business goes down the drain you lost your family investments
Answer:
The correct answer is letter "B": less qualified workers.
Explanation:
Direct labor rate variance analyses the current cost of direct labor and the regular cost of direct labor over the same operations period. Direct labor rate variance can be caused due to minimum wage increase, hiring less qualified employees or inappropriate cost budget setting.
Answer: is unit elastic
Explanation:
If the percentage increase in the quantity supplied equals the percentage increase in the price, the supply will be said to be unit elastic.
In the unit elastic supply, it should be noted that supply responds perfectly to the changes in price. This simply means that there'll be an equal change between the price change and the quantity that is supplied.