Simply divide the percentage change in the quantity demand with the percentage change in price, giving you a positive value of 0.5. This shows that it is inelastic and the two goods are substitutes to each other.
Budgeting involves planning
Answer:
The capability index for process H, K and T are 0.94, 1 and 1.33 respectively ( chose lowest one between upper and lower capability index ).
On the basis of capability criteria one can say that only process-T is capable.
Answer:
Letter E is correct. <u><em>Market segmentation.</em></u>
Explanation:
Market segmentation is an effective marketing tool in identifying the target audience. In this process, the potential customers market is divided into groups according to individual characteristics and similarities in preferences, interests, needs, location and others. Segmentation is also performed according to the response to the marketing strategies used.
There are several added benefits for an organization that uses market segmentation, such as the ability to customize marketing campaigns according to the characteristics of each group, reducing costs, time and risks.