Marketers are viewing information not only as an input for making better decisions but also as a(n) ______________.
Important strategic asset and marketing tool
Answer:
According to Ronald Coase, in his Coase theorem efficiency in the areas of negative externalities can be achieved through negotiations aimed at reaching conclusions that is places each party in a win-win position.
The minimum the spa would pay the surfboard designer is $175 and the maximum is $250.
Explanation:
Assuming the conclusion reached in the negotiation is for the surfboard designer decides to install the technology that eliminates noise,the spa would have to pay $175 while on other hand ,if agreed between both parties that the surfboard designer shifts to next door ,the spa would cough out $250,the increase cost of renting in the next building.
Apart from achieving a social benefit over and above maximizing profits for its shareholders, corporate social responsibility also requires an organization to meet all its legal obligations- <u>The statement is True</u>
Explanation:
Four Components of Corporate Social Responsibility are:
- Economic Social Responsibility
- Legal Social Responsibility
- Ethical Social Responsibility
- Discretionary Social Responsibility
<u>Legal Social Responsibility</u>
<u>Consumer will buy product and services of those companies in which they have faith or trust.The companies by strictly adhering to the government rules and regulations restore the faith/trust of its consumers .If a company does not abide to its legal obligation it might loose its existing customer and will incur huge loss</u>
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<u>For Example: Paying Taxes,Following the labor Laws are few example of the legal social responsibility</u>
Answer:
The remark by the student is correct since;
B. correct When there is an increase in supply and an increase in demand, the change In both new equilibrium price and equilibrium quantity are unknown
Explanation:
The major factor that affects the supply and demand is the market price of a good or service. The supply of a good or service is the quantity of goods that producers are willing to sell at a particular price, while the demand is the quantity of goods that consumers are willing to but at a particular price. When the price of a good rises, most producers are usually inclined to supply more of the product. On the contrary, when the prices drop, the suppliers tend to sell less of the good. However, there is a state known as the equilibrium point is the price where the quantity of goods supplied is the same as the quantity of goods demanded. This typically means that the suppliers and the consumers are comfortable with the price of that particular good or service. In reality, this scenario is often extremely rare.
In our case, premium bottled water was initially in equilibrium then a sudden rise in demand and a sudden increase in supply also ensued. In this case, it is difficult to know what how much the price and demand will change since we don't have a clue on the quantity of bottled water that will be supplied by the new firms that have entered the market. At the same time, we don't know how much the demand for premium bottled water increased.
Answer:
A) 1 = not employed, 2 = employed part-time, 3 = employed full-time, 4 = full-time student, 5 = other, 9 = missing
Explanation: