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3 years ago

Tailor your business to aim your product or service at a certain group of customers, who are called the

Business

1 answer:

MrMuchimi3 years ago

7 0

The answer is B, Primary target market.

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Suppose that the quantity of DVD players sold increased from 200 to 400 when the price fell from $225 to $175. Over this price r

Nataly_w [17]

Answer:

Option D.

Explanation:

Given information:

$Q_1=200, Q_2=400$

$P_1=225, P_2=175$

Formula for price elasticity of demand is

$E_d=\frac{Q_2-Q_1}{P_2-P_1}\times \frac{P_1+P_2}{Q_1+Q_2}$

Substitute the given values in the above formula.

$E_d=\frac{400-200}{175-225}\times \frac{225+175}{200+400}$

$E_d=\frac{200}{-50}\times \frac{400}{600}$

$E_d=-\frac{8}{3}$

$E_d\approx -2.67$

Absolute value is

$|E_d|= |-2.67|=2.67$

The absolute value of the price elasticity of demand for DVD players is 2.67.

Therefore, the correct option is D.

6 0

3 years ago

Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 3,600 Salaries expense 1,300

luda_lava [24]

Answer:

Income Statement

Sales $7.500

Salaries expense -$1.300

Utilities expense -$1.100

Net Income 5.100

Explanation:

5 0

3 years ago

Would you rather ride in an airplane or drive in a car? Compare those risks?

gogolik [260]

I would fly a plane because there is like 1 in a million chance of crashing and in a car you could crash every time you see someone driving !! i need points!!

4 0

3 years ago

suppose that there are no crowding out effects and the mpc is .9. by how much must the government increase expenditures to shift

user100 [1]

Answer: The answer is $ 1 billion.

Explanation:

MPC stands for the marginal propensity to consume.

If MPC is 9 it implies that the multiplier is 10 i.e 1/(1-0.9). The rise in aggregate demand is equal to multiplier times change in government expenditures so to boost aggregate demand by 10 billion dollar government has to increase expenditure by Dollar 1 billion.

7 0

3 years ago

An MNC uses which international strategy for entering a foreign market by associating itself with a firm in the host country or

viva [34]

Answer:

B) Joint Venture

Explanation:

Joint venture is a kind of business arrangement where two firms merge which includes combining resources and ideas to enhance productivity. Another scope under the topic, joint venture is the international joint venture. This type of business partnership involved firms from different countries, combining resources and ideas to enhance productivity. This happens when a firm attaches itself to a foreign firm in another country of its interest, to mix up on expertise and other essentials to develop their outputs.

3 0

3 years ago

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