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jok3333 [9.3K]
3 years ago
6

Consider the following scenarios. Determine whether each of the following would generate a substitution effect, an income (wealt

h) effect, or both. Explain (focus explicitly on changes in relative prices and/or changes in opportunities). • The price of a bag of Doritos rises by $1.00. • You receive $1000.00 from your rich uncle. • Your sister receives a 10 percent decrease in her wage.
Business
1 answer:
Mariulka [41]3 years ago
4 0

Answer:

a) subtitution effecrt as the opportunity cost for consuming Doritos increased therefore, a portion of the demand in this market will steer into other like Lays.

b) wealth effect the consumption will increase as we are given an extraordinary income

c) income effect. As the income decrease, the consumer preferences may lead to consume inferior good rather than normal good or normal goods and cut-off luxury goods.

Explanation:

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While it sounds reasonable that companies should focus on making the products it knows how to make really well, one downside of
borishaifa [10]

Answer:

Customer may not want the product which the company is making well.

Explanation:

It is not necessary that market needs those products which the company is producing perfectly. It cannot enter into product differentiation and cannot meet customer demands and needs of specific or altered products. The company can achieve specialization and can be a niche player in the market but also on the other hand company’s business is limited to only few products at which it is perfect. It cannot allow customization to its products.

6 0
3 years ago
Recommend further strategies companies woolworths in south africa may use to protect the environment
djverab [1.8K]

They are committed to sending less waste to landfills, recycling as much as possible, and using recyclable materials wherever possible.

Some Recycling Methods to Reduce Waste From recycled plastic shopping carts to signage, everything in the store is made from recycled materials.

We care about the environment and strive towards a zero net impact and transition to a low-carbon future. We care about how our products are made and are committed to a completely transparent, traceable, and ethical supply chain.

Conclusion Woolworths has a potential customer retention marketing strategy. Geographic segmentation is the company's greatest strength. However, the price competition facing the organization in the Australian market is very dominant.

Learn more about The environment here:-brainly.com/question/24182291

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3 0
1 year ago
Sandy Shores Corporation operates two stores: J and K. The following information relates to J: Sales revenue$1,300,000 Variable
natulia [17]

Answer:

Sandy Shores Corporation

J's Segment Contribution Margin is:

= $700,000.

Explanation:

a) Data and Calculations:

Sales revenue                                        $1,300,000

Variable operating expenses                    600,000

Contribution                                             $700,000

Fixed expenses:

Traceable to J and controllable by J        275,000

Traceable to J and controllable by others 80,000

Total fixed expenses                                355,000

Net operating income                            $345,000

b) The contribution margin is the difference between total sales revenue and the variable costs.  The idea of segment contribution margin is that it covers the fixed expenses, whether controllable by the segment or not.

5 0
3 years ago
5 An insured has four separate but identical policies written by different insurers to cover her $100,000 building. Each policy
qaws [65]

Answer:

each policy will pay $25,000 of the loss

Explanation:

Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.

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3 years ago
1. Exhibit 1.1; USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Ulleksa [173]
A. 4.8%
B. 1.04%
C. 13.6%
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A. 9%
B. 3.53%
C. 5.3%
D. 11.1%
8 0
3 years ago
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