Answer and Explanation:
The major impact by which the e commerce and the internet have changed the relationship between the customers and companies is that they have made customers an active participant in the marketing process. Earlier the companies promoted their products and services and the customers passively indulged in the process of marketing. But now there is a two way communication between the customers and the marketers in the e commerce format. The customers are not able to compare the prices and features of the products online but they also provide feedback to the companies and other customers about the products and services. The customer ratings and reviews are now an important proof of the reliability and quality of a product. The customers are now active participant in marketing process and they now have more say in the process. This has deepened the relationship which existed between customers and companies. The companies are therefore becoming more responsive to the needs and requirements of the customers E commerce and internet has increased the importance of the customers and have forced the companies to maintain good relationships with the customers.
Answer:
usually, a useful consideration that is needed to aid a contract may be either a loss to the promisee or a benefit to the promisor. The loss to the promisee usually may come in form of his own doing by involvement in illegal dealings. Douros did what or was involved in what he was not expected to do legally by revealing the location of the property and the owner's name. This leads legal consideration and also the courts will hardly take a peep/ look at the adequacy of the consideration.
Explanation:
Explanation:
You can create database for anything you would like to. Only thing you must identify the information which you want to store and the associated info.
1. Student information maintenance:
This could be created to store information pertaining to student name, personal info like parent name, their occupation, address, contact number, etc. And this student info can be connected to the marks and grades which the student is obtaining on each assessment. To track almost related to the student right from the admission till the exit.
2. Employee information system: To track employee personal details, the task, salary, etc.
3. Accounting system: To track all the incoming and outgoing funds.
4. Blogging System: To track of questions, answers, reviews, comments etc.
Demand is said to be<u> Elastic</u> when the quantity demanded is very responsive to changes in price.
<h3>What is Elasticity of Demand?</h3>
Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.
Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.
The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.
Thus the Law of demand directs the elasticity of demand.
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