<u>Answer:</u> Option 2
<u>Explanation:</u>
Pioneer of breakthrough products are advanced products in the market. These products help in fulfilling the consumer needs in the market when compared to the current available products. When the breakthrough products meet consumer needs which makes their work and life easier then the consumer preferences change to these pioneer products.
The consumer preferences bring a change in the consumer products market. When modern and latest resources are available in the market with advantages such as ease of use the consumers prefer pioneer products.
Answer:
The elasticity of demand for jelly beans is 1.80
Explanation:
The elasticity of demand is the principle of economic which is defined as the measure that extent the consumer response to the changes in the quantity demanded as a consequence of price change and being others factors are equal.
Computing the elasticity of demand for jelly beans as:
Elasticity of demand = Price Change / Quantity Change
where
Price Change is as:
Price = $1.60 + $2.00
= $3.60
Quantity change is as:
Quantity = 120 + 80
= 200
So,
Elasticity of demand = $3.60 / 200 × 100
Elasticity of demand = 1.80
Answer:
It is both qualitative data and primary data.
Explanation:
Qualitative data is data that is not expressed in numerical values. Kay & Maggie are asking for opinons in the survey and interviews. These opinons are not numbers, they are words, language, therefore, they are qualitative.
It is primary data because Kay & Maggie are collecting the information directly from the desired source, the customers, instead of collecting the data from a third party.
Answer: Alano's taxable income increases by $300,000.
Explanation:
Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.
If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.
Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.
