Answer:
Measuring economic indicators helps economist judge the overall conditions of a country's economy.
Explanation:
Considering the situation above, by building a strong brand, Wilson has effectively "<u>reduced the price elasticity of demand for its products</u>."
This is because the price elasticity of demand is a term in economics that defines the sensitivity of the quantity demanded of a commodity to its price.
Usually, the price elasticity of demand shows that when the price of a commodity increase, the quantity demanded decreases.
Thus, in this case, since it is said that Kendra allowed Wilson to charge a higher price and not lose many sales, therefore, Wilson has been able to reduce the price elasticity of demand for its products.
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Answer:
True
Explanation:
Generic goods are the products which are named by their product type. The store have many generic goods with lower prices than nationally known brand names. Freddie's Market is also offering its customers generic goods like tissues , napkin and various detergents with no specific brand name. These goods will be less expensive than the brand labelled goods.
Answer:
a) become certified in ISO 9000 standards
Explanation:
Currently, the European Union requires companies that have businesses within their borders, to comply with ISO 9000 quality standards
Answer:
1.88 years
Explanation:
Payback period is the time in which a project returns back the initial investment. Initial Investment is recovered within the first two annual Cash inflows.
Payback Period = 1+0.88 = 1.88 years
All the working are made in the MS Excel File attached with this answer, pleas find it.
