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user100 [1]
3 years ago
9

Gavina places products in several of the marketing channel categories. two examples of this are placement in​ mcdonald's in​ a(n

) ________ utility category and placement in costco in the​ ________ utility category.
Business
1 answer:
sergeinik [125]3 years ago
3 0

McDonald's in a <u>form utility </u>category and Costco in the <u>place utility </u>category.

Form utility refers the the increased utility of the product or service itself (fast convenient burgers and fries at McDonald's)

Place utility is making products and services available in a convenient place (you can buy food, tires, a TV, your medicine, and a couch all at Costco).

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All of the following are the goals of a self-organizing team, EXCEPT 1. Increase knowledge on a continuous basis. 2. Strive to d
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The correct answer is 3

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Using the midpoints method, calculate the price elasticity of demand of Good X using the following information: When the price o
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Answer:

Explanation:

In response to the price rise from $50 to $60, the quantity demanded of product X  drops from 400 to 300 units. We know that price elasticity of demand is a measure of the responsiveness of changes in demand as a result of a price change. Thus,

% change in price = \frac{Change in price}{Average of the prices}

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Price elasticity of demand = \frac{percentage change in quantity demanded}{percentage change in price}

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= -1.5715

Therefore, the price elasticity of demand = -1.5715

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