Marketing tactics include different actions. One is to develop a pricing structure that encourages customers to purchase additional services they don't need.
<h3>What is marketing?
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Marketing is a concept that refers to all actions and activities related to market or commerce. Marketing has as its main purpose the analysis of the behavior of markets and consumers.
According to the above, marketing has ways to identify consumer purchasing trends and understands how buyers' thinking works. Marketing can develop strategies focused on the buyer acquiring goods or services that he does not need, one of them is prices or discounts.
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Answer:
The answer is C. $500,000 + .40X = X
Explanation:
$500,000 + .40X = X
Break even point = 500000 ÷ 500
= 1000 units
Answer:
c. American put.
Explanation:
American options are defined as the type of contract that allows owner to exercise his option rights on any date of his choosing. This can even be on the date of expiration of the option.
European option on the other hand only allows option rights on the day of expiration of the option contract.
American put option allows the owner sell his option at any period within the contract life.
In the given scenario Jeff decided to sell his August options on on the 10th of August (before the expiry date). In exchange he recieved cash of $2,500.
Option C. If the cross-price elasticity of two goods is negative, then the two goods are <u>complements.</u>
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What is Cross-Price Elasticity?
- Cross-price elasticity measures how sensitive the demand of a product is over a shift of a corresponding product price.
- Often, in the market, some goods can relate to one another.
- This may mean a product’s price increase or decrease can positively or negatively affect the other product’s demand.
- A price increase of a complementary product will lead to lower demand or negative cross-price elasticity, and a price increase in a substitute product will lead to increased demand or a positive cross-price elasticity.
- Unrelated products have zero cross-price elasticity.
- For substitute products, an increase in the price of a substitute product increases the demand for the competing product.
- This is often because consumers always try to maximize utility.
- The less they spend on something, the higher the perceived satisfaction.
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