A 5% increase in price leads to a 2.5% decrease in quantity demanded.
<h3>What is the effect of an increase in price?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in quantity demanded = 5 x 0.5 = 2.5
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
#SPJ1
Considering the measurements described above, it is believed that using "<u>innovation accounting</u>" measurements such as testing assumptions about the business, attributes the customers like, and retention rates can be collected.
This is based on the idea made by AI Ries, a renowned marketer who claimed that <u>innovation accounting</u> is a form of evaluation theory that is used to evaluate the difference made to the product and see if this difference is bringing the expected outcomes.
<u>Innovation accounting</u> is used to see beyond the conventional measures such as sales, profits, and return on investment.
Instead, it helps the business owners to examine assumptions about the business, like, sign-ups, and retention rates, etc.
Hence, in this case, it is concluded that the correct answer is "<u>innovation accounting."</u>
Learn more here: brainly.com/question/17787114
Answer: Demographics
Explanation:
The demographics is one of the type of marketing segmentation that is divided on the bases of ethnicity, education, religion and the income.
The main objective of the demographics segmentation is that it helps in segmenting into the form of various types of markets and also attract the customers for the products.
According to the given question, Lisle hair is one of the company that helps in tracking the actual age and the gender of the consumers so that they can target the customer easily thought e-mails for their hair products.
Therefore, The above given is the example of demographics in the marketing.
The marketing mix factor that represents the value of the product to a customer is price.
<h3>What is marketing mix?</h3>
Marketing mix simply means the elements that are involved in the marketing of a good. They're product, price, place, and promotion.
In this case, the marketing mix illustrated is price since it deals with the value of the product.
Learn more about marketing mix on:
brainly.com/question/14037774
Answer:
A. Wholesaling
Explanation:
Wholesaling can be defined as when a producer/seller sells goods in large quantities at low prices to be sold again by the buyer for profit. It is the sale of goods to a retailer in bulk at lower prices. The retailer then repackage it (amongst other activities) and resell it in smaller quantities and higher prices.
When the Dailes restaurant sells to other restaurants it's wholesale because those restaurants then resells it. When the sell to their customers, it is retail.