The linear demand curve is of the form
Q = a - bP
where
Q = quantity
P = price
b = the slope, the rate of change of price with respect to demand
a= the intercept (when the price is zero).
When Q = 1000, P = N200, therefore
a - 200b = 1000 (1)
When Q = 500, P = N350. Therefore
a - 350b = 500 (2)
Subtract (2) from (1).
150b = 500
b = 3.333
The slope is usually negative but it is expressed as ΔP/ΔQ, that is
(Absolute change in price) / (absolute change in quantity).
Answer: 3.33
Answer:
Promotional adaptation
Explanation:
Promotional adaptation is defined as strategy that is used to sell the same product in different locations using different promotional strategy.
The strategy can be employed in some or all locations where the company operates.
In this scenario AFLAC has had to ditch the AFLAC duck in its Japanese commercials because the Japanese consumer does not like to be yelled at.
This helped to match AFLAC'S commercials to the unique needs of the Japanese people.
Sport marketers usually set strategic time for promotion and marketing of their products, this is because there are some seasons in the year when their products move faster than other. Sport marketers enhanced the perceived value of their commodities by making them highly visible during this period. For instance, there are set time in the year when football games are played, marketers usually create high level of awareness for their products prior and during these periods. They do this in several ways, for instance by sponsoring the game or by putting in place a special promo program.
The statement "The Sarbanes-Oxley Act in 2002 was created to protect consumers against false advertising by monopolies." is false.
Sarbanes-Oxley Act placed the obligation of responsibility for a company's financial reporting squarely on the shoulders of its top executives in order to safeguard investors from corporate accounting fraud.
It required chief executive officers (CEOs) and chief financial officers (CFOs) to personally attest to the correctness of the information in financial reports and to affirm that controls and procedures were in place to evaluate and verify that accuracy.
In reality, CEOs and CFOs had to personally certify that financial reports complied with Securities and Exchange Commission(SEC) rules by signing them. Failure to comply with this might result in fines of up to $15 million and 20-year prison terms.
Hence, the given statement is false.
Learn more about the Securities and Exchange Commission:
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