Which statement gives an example of a price-sensitive good?

1 answer:

3 0

The correct answer is B "The price of chocolate has gone up and sales are down". Price sensitivity is the effect the price of a product causes in its demand towards consumers. It is also called price elasticity of demand. A simple example is when the price of a good goes up, its sales go down. It means the consumers are not willing to pay more for that product. This is the case of option B. The price of chocolate increased and made the sales decrease.

You might be interested in

The sociological perspective is a point of view that

Alinara [238K]

The sociological perspective is a perspective on human behavior and its connection to society as a whole. It invites us to look for the connections between the behavior of individual people and the structures of the society in which they live. Typically, we tend to think of our society as just natural.

8 0

3 years ago

Read 2 more answers

Most shooter games have a first-person shooter (fps) perspective. true or false

kogti [31]

That statement is true.
The purpose of the first person mechanism is to enchance player's experience so they could feel like they're a part of the virtual world where the characters currently in.
But, many psychologists stated thas this might increase the tendency to normalize the usage of weapons in real life.

7 0

3 years ago

Read 2 more answers

A researcher wants to gather information on citizens' reactions to the local government's decision to construct a new airport in

Sauron [17]

Answer:

Qualitative

Explanation:

According to my research on different research approaches, I can say that based on the information provided within the question this type of data gathering can be referred to as a qualitative approach to describing behavior. Qualitative refers to the process of focusing more on quality as opposed to focusing more on the quantity.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

3 years ago

When a blue ocean strategy goes bad, a firm has neither a clear differentiation nor a clear cost-leadership profile. this situat

morpeh [17]

When a blue ocean strategy fails, a company lacks both a distinct point of uniqueness and a distinct cost-leadership profile. The phrase "stuck in the middle" describes this circumstance.

<h3>What does "Blue Ocean Strategy" entail?</h3>

Blue Ocean Strategy is applicable to all industries and types of businesses. It is not exclusive to a single company. In the current business climate, the majority of businesses compete fiercely for market share. The viability of a company's operations is always a possibility when the product is subject to pricing pressure.

This circumstance typically arises when the company is competing in a crowded market, also referred to as a "Red Ocean." Businesses aim to locate verticals or new company opportunities where they can enjoy uncontested market share or a "Blue Ocean" where there is little possibility for growth. There is a "blue ocean" when there is the potential for larger profitability despite existing or insignificant competition.

Learn more about cost leadership with the help of the given link:

brainly.com/question/14975894

#SPJ4

5 0

1 year ago

I'm not sure if this is right if I'm not right which is the right one. I will give brainiest

Anna [14]

Answer:

Its D

Explanation:

4 0

3 years ago

Read 2 more answers