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alexgriva [62]
3 years ago
8

What is it called where consumers react to rising prices by consuming less of a good and more of it's competitors?

Business
1 answer:
adelina 88 [10]3 years ago
6 0

Answer:

Substitute Effect

Explanation:

When a product's price increases, it becomes relatively expensive compared to its alternatives. The high price will encourage consumers to choose other goods that are relatively cheaper. Consequently, the price increase reduces the demand for the product while increases the demand for its substitutes.

The substitution effect describes how consumption is affected by an increase or a decrease in a product's price.

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Eumi is a purchasing manager for the XYZ Company. She has some latitude when it comes to making purchasing decisions. She is buy
max2010maxim [7]

Answer:

Ethical Dilemma

Explanation:

According to my research on different managerial roles and responsibilities, I can say that based on the information provided within the question Eumi is experiencing an Ethical Dilemma. This is because like mentioned in the question Eumi can either choose the morally right option which is choosing the more expensive safer product, or choosing the less safe - less expensive option which will increase her bonus, which would be ethically wrong.

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

5 0
3 years ago
1.which of the following is a type of business structure?
Usimov [2.4K]

Answer:

1.which of the following is a type of business structure?  

a. sole proprietorship  

b. partnership  

c. corporation

<em>d. all of the above  </em>

2.location, utilities, employees and suppliers are all examples of costs.  

<em>true</em> or false  

3.revenue is the money that flows into your company.  

<em>true </em>or false  

4. how can you determine if a company is profitable?

<em>a. by subtracting it’s expensive from its revenue  </em>

b. by looking at its revenue only  

c. by asking the employees  

d. by looking at expenses only  

5. define ethics  

<em>a. The discipline dealing with what is good and bad and with moral duty and obligation  </em>

b. always being good  

c. following the rules  

d. what country you are from  

7. consumers have no responsibility related to their right  

true or <em>false</em>

4 0
4 years ago
The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from _____
Sauron [17]
<span>The first home video game product built on a microprocessor was a home version of the popular coin-operated pong game from </span>Nolan Bushnell' Atari.
Nolan Bushnell is a united states born citizens that fund the first portable gaming device that allow users to play the game anywhere they like
4 0
3 years ago
Tidwell Company has provided the following partial comparative balance sheets and the income statement for 20X2.
VARVARA [1.3K]

Answer:

here for points

Explanation:

3 0
3 years ago
What are some of the barriers to good communication?
BigorU [14]
The use of jargon. ...
Emotional barriers and taboos. ...
Lack of attention, interest, distractions, or irrelevance to the receiver. ...
Differences in perception and viewpoint.
Physical disabilities such as hearing problems or speech difficulties.
7 0
4 years ago
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