Answer:
The income elasticity of demand for Good G is 1.17
Explanation:
Income elasticity of demand = % change in quantity demanded ÷ % change in income
% change in quantity demanded = (1200-800)/1200 × 100 = 400/1200 × 100 = 33.33%
% change in income = (3600-2800)/2800 × 100 = 800/2800 × 100 = 28.57%
Income elasticity of demand for Good G = 33.33% ÷ 28.57% = 1.17
Answer:
As a part of <u>sales promotion</u>, supermarkets generally use<u> visual merchandising</u> to attract customers and induce them to make a purchase.
Explanation:
Sales promotion is one form of marketing communications by a business. The objective of sales promotion is to increase sales by offering incentives to consumers or retailers. Sales promotions are carried out in a limited time to stimulate consumer consumption. Their effect may be temporal. Examples of sales promotion include offering free samples, premium offers, discount coupons, contests, and loyalty programs.
Visual merchandisers use their creativity to promote products and services of their organization in retail businesses. They develop eye-catching product displays and design layouts to attract customers and entice them to buy.
Answer:
The correct answer is D
Explanation:
Horns error is the term which defined as the error, where the opinion of one is color with the opinion of the others. This kind of error involves or comprise the negative ratings. This will be called as the horns error.
In this case, an employee computed the manager low on all the performance due to the dissatisfaction with the disposition of the manager. So, the employee committed to a horns error.
Answer:
What happens with a cross-cultural risk?
Explanation:
If you were to attract management of an international business, encompassing the cultural variety of the country may or may not bring success. Managers involved in businesses that are international will have to become more sensitive to the challenges originating from the social and ethnic landscape of the countries they work in.
I think you should research a real-world example of a company that received backlash or risk due to attempting to or becoming a cross-cultural company.
