A(n) <u> high pricing </u>strategy is appealing because it attracts two distinct market segments: those who are not priced sensitive along with more price-sensitive customers.
Price sensitivity can be broadly defined as the degree to which demand changes when the price of a product or service changes.
The price sensitivity of a product depends on how important the price is to consumers compared to other purchasing criteria. Some people value quality over price, making them less sensitive to price. For example, customers looking for high-end products are usually less price-sensitive than bargain hunters. So you are willing to pay more for high-quality products.
In contrast, more budget-conscious people may be willing to compromise on quality. These people don't spend much on things like brand names, even if they are of higher quality than common home-branded products.
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Answer:
ICT is use to collect vast amount of information about the person using technology
Explanation:
The ICT in business stands for Information and Computer Technology which includes all the technologies such media, mass communication, IT and etc
ICT is use to collect vast amount of information about the person using technology
ICT brings the huge benefits to the owner such as
- ICT can store huge amount of information
- relative speed of processing the data is high.
- Less paper work and instant data sharing facility.
Answer:
e-business
Explanation:
Which is an umbrella term referring to any type of Internet transaction? useful. Businesses evaluate the quality and source of the information they obtain to make sure the information is: It may be one part of a business's overall information management program.
Answer:
B. No, the increase in price will not cause a shift of the supply curve.
Explanation:
It is important to note that a rightward shift in the demand curve will not affect the price of the product nevertheless, it will only increase the demand for the product. A shift in the demand curve is caused by some factors other than just the price of the commodity.
As a result of that, the price of the product will remain constant, however, the demand for the product will increase.
Answer: a. There was not an enforceable agreement. However under the UCC, part performance makes that portion of the agreement binding on Hearn. Hearn may not return the 40 turbines, but is not obligated to purchased the remaining 60.
Explanation:
The Statute of Frauds under the Uniform Commercial Code requires that for a contract with a value higher than $500 for goods to be enforceable, it needs to be in writing. This contract is therefore not enforceable.
However, there is an exception to this rule for performance or partial performance. If the parties have already partially completed the contract for instance, the completed portion is enforceable. The remaining portion however, is not, and therefore can be renegaded upon.