COMPLETE QUESTION:
Demand Supply
P = 50 - QD P = 10 + 1/3 QS
QD = 50 - P QS = 3P - 30
Refer to Table 4-6.ȱȱ
The equations above describe the demand and supply for Aunt Maudȇs
Premium Hand Lotion.ȱȱ
The equilibrium price and quantity for Aunt Maudȇs lotion are $20 and
30 thousand units.ȱȱ
What is the value of consumer surplus?
Answer: $450,000
Explanation:
P = 50 - QD P = 10 + 1/3 QS
QD = 50 - P QS = 3P - 30
Using the above equation,
Consumer surplus = $450,000
Answer:Strong word-of-mouth communication about; increase.
Explanation: When a marketing organisation promote a mutually beneficial relationship with its customers it will help the customers to go ahead to market the company and its products with a strong word- of-mouth communication, the firm's products because that will increase the customer's lifetime value to the firm,this will help the firm to be more profitable and make more revenue now and in the future.
Answer:
Marketing mix refers to the four Ps of marketing: product, price, place, and promotion. In order to effectively market a good or service, there are a number of key elements, and these elements interact strongly.
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Answer:
Explanation:
These are competence needs. These needs are based on the idea that a person needs to feel a sense of mastery when they are undertaking tasks at a job. When the manager gives the worker a sense of accomplishment by noticing when they are doing the job well, this is a way of fulfilling those needs.
