Pizza and sub sandwiches are substitutes. if the price of pizza decreases, this will cause: an increase in the quantity demanded and no change to the quantity supplied
What are substitutes?
Substitutes are goods that are used as alternatives, which means that the fact the decrease in price of pizza means that the quantity demanded would rise as more are demanded as the price reduces and vice versa.
There would be no change in quantity supplied because price decrease is not favorable for the suppliers of pizzas, since they would want to supply more at a higher price instead of supplying more at a lower price
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More than $200,000 but less than $1,000,000
Explanation:
A Life Insurance is close to a realistic payout because it's more than a money redemption interest which is less than the death benefit from offering an established live insurance policy to a third party.
A life insurance premium return means that you will get the money you pay as premiums given back, non-taxable when you have completed the life insurance policy and are still alive. You will get $6,000 back if you pay 50 dollars a month for ten years.
Answer:
The correct answer is letter "C": decrease equilibrium price and increase equilibrium quantity
.
Explanation:
An increase in the number of sellers in a market of a certain good implies the quantity demanded for that good will increase, thus the equilibrium quantity will be higher. According to the demand law, if the quantity demanded goes up, the price is likely to decrease, so, the equilibrium price will be lower.
Thus, <em>the increase in sellers will raise the equilibrium quantity decreasing the equilibrium price.</em>
Answer:
work with dealers to design an online sales portal that benefits both partners.
Explanation:
e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.
This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.
Simply stated, e-commerce is the act of engaging in internet selling.
In order to avoid channel conflict resulting from Internet selling, a company should work with dealers to design an online sales portal that benefits both partners i.e the online portal would focus on bridging the gap between the producer (company) and the consumers, as well as balancing the demand and supply of goods and services.
Answer:
A. Customers make a buying decision, rather than the salesperson closing the sale
Explanation:
When practicing closing techniques, sales person is advised to not 'forcing' or 'push' the customers to buy their products.
They're advice to make their products seems valuable. sales person need to analyze the things that the customers might need/like and somehow fit their products in order to cater to that need/like.
This is why the goal of closing techniques is focused on influencing Customers make a buying decision that beneficial for them.
