1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
gavmur [86]
4 years ago
11

"All else held constant" is a major problem facing all methods of estimating the demand for business products. Compare and contr

ast how the marketing and economic approaches deal with this problem. Please use examples.
Business
1 answer:
pshichka [43]4 years ago
3 0

Answer:

In Economics, the phrase "All esle held constant" is also sometimes written in Latin "Ceteris Paribus". In Economics, this assumption is fundamental to the whole academic discipline since Economics is based on economic models that make a series of assumptions in order to reach partial conditions.

So in Economics, the reasoning is always in the manner of "all else held constant".

In Marketing, what is always done is to estimate demand for a product, and then, apply a marketing strategy in order to try to not only meet demand, but sell even more. This is because the main goal of Marketing is to satisfy customers beyond their expectations.

You might be interested in
Higher consumer prices are likely to be accompanied by:
Naddika [18.5K]
Higher consumer prices are likely to be accompanied by D. higher interest rates. It leads<span> to increasing the company's cost of raising capital ant then to higher cost production.</span>
8 0
3 years ago
Anwar is a task-motivated leader who is in a high situational control environment. Based on Fiedler's Contingency Model, he is l
ExtremeBDS [4]

Answer: be confident, considerate, and focused on removing obstacles.

be considerate, open to suggestions, and concerned with resolving conflicts.

be directive, serious, and with little concern for others.

Explanation:

The Fiedler Contingency Model was created in mid-1960s by Fred Fiedler. He studied the characteristics and personality of an ideal leader. He was a scientist. An ideal leader understands the leader and member relationships. A leader gains the confidence of the fellow members and maintains a sense of trust. The task structure of the leader is clearly structured to avoid any confusion or obstacle in work. The leader can reward or punish the fellow members with a reason. The instructions from leader should be directional. The leader should maintain a sense of seriousness at work. The leader should be available to resolve conflict among other people at work and must be open to take suggestions.

4 0
3 years ago
Keating Co. is considering disposing of equipment with a cost of $52,000 and accumulated depreciation of $36,400. Keating Co. ca
Nuetrik [128]

Answer:

$12,750

Explanation:

The computation of net differential income is shown below:-

For computing the net differential income first we need to find out the net income if equipment is sold and net income if offer lease is accepted which is given below:-

Net income if equipment is sold = Sales consideration - Commission

= $25,000 - ($25,000 × 7%)

= $25,000 - $1,750

= $23,250

Now,

Net income if offer lease is accepted = Lease amount - Repair, insurance and property tax expenses

= $46,000 - $10,000

= $36,000

So,

Net differential income from the lease alternative = Net income if offer lease is accepted - Net income if equipment is sold

= $36,000 - $23,250

= $12,750

4 0
3 years ago
Which of the following is an advantage of incorporation?
Vinil7 [7]
The answer is D: short life of the company. :D
6 0
3 years ago
Read 2 more answers
Clara, who manages the marketing efforts for Glade air freshener, has just completed researching the marketing expenditures for
BARSIC [14]

Answer:

II Clara is using competitive parity budgeting methods

IV Clara is using objective and task budgeting

Explanation:

Share of voice basically measures your brand's share of total advertising in a market. It is very useful to determine your brand's visibility and helps to develop you company's external competitive analysis. It differs from market share since market share represents the actual share of total market sales that your company has.

In this case, Clara is adjusting her marketing budget to reach the appropriate share of voice for Wizard air freshener. She needs to compare the product's current share of voice with the competition's and the projected marketing expenses for next year.

A high share of voice doesn't necessarily match a high market share, although it helps to increase it.

6 0
4 years ago
Other questions:
  • What are purchased items or extracted materials that will be transformed into components or products called?
    11·1 answer
  • Suppose that white workers are getting paid $21/hour, while similarly-productive African-American workers are getting paid $18/h
    7·1 answer
  • If your income increases by $1,500 and you only consume $900 of it, your marginal propensity to consume would be equal to: a. 0.
    6·1 answer
  • The government of a country, which has adopted American GDP accounting conventions, reported that seasonally adjusted GDP in qua
    15·1 answer
  • Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro
    12·1 answer
  • Bondholders are the owners of the corporation. true or false.
    7·1 answer
  • You have agreed to deliver the underlying commodity on a futures contract in 90 days. Today the underlying commodity price rises
    15·1 answer
  • Which of the following statements from a hypothetical job advertisement is intended to develop interest in a job?
    9·1 answer
  • Swot analysis electric car​
    13·1 answer
  • What does a university professor do?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!