Answer:
The Price Elasticity for increased sales relieved from ticket sales as a result of reduction in price is option <u>A) Elastic</u>
Explanation:
Suppose the Washington Wizards owner lowers the price of Wizard game tickets and the total revenue he receives from ticket sales rises. This would be evidence that the price elasticity of demand for Wizards tickets is elastic.
Price elasticity of demand refers to a standard used to measure how much price changes can affect the quantity of goods demanded or sold.
Price Elasticity of demand could be
- Elastic
- Inelastic
- Unitary
- Perfectly Inelastic
When reduction in price brings about a rise in quantity demanded and by implication more sales such that total revenue increases, The price Elasticity of demand is Elastic.
This is the applicable option for Washington Wizards business.
Answer:
Ease of creating content.
Explanation:
The importance of social media in business is growing at warp speed. With more and more people joining social media sites and using them regularly/efficiently, the social media industry is bound to become bigger in the coming years. It’s booming like never before.
The social media wave isn’t ending anytime soon. And your business should take advantage of it if you want it to survive.
With such amazing growth, every business today needs to leverage proper social media channels in the best possible way. Not because it’s the “in thing”, and not because it sounds simple, but because their target audience is hanging around the popular social networks. And they’re engaging with their favorite brands and connecting with them on different levels.
By giving your business brand the social media touch, you not only generate more business but also connect with your customers better and serve them on a higher level. It actually makes your digital marketing easier.
According an infographic published by Ambassador, 71% of consumers are more likely to recommend a brand to others if they have a positive experience with it on social media.
In its most general sense, a fair use is any copying of copyrighted material done for a limited and “transformative” purpose, such as to comment upon, criticize, or parody a copyrighted work. ... In other words, fair use is a defense against a claim of copyright infringement.
Answer:
What are the disadvantages of cryptocurrencies?
Drawback #1: Scalability.Drawback #2: Cybersecurity issues.Drawback #3: Price volatility and lack of inherent value.Drawback #4: Regulations.The takeaway: