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kaheart [24]
3 years ago
6

Managers of Wendy's fast-food restaurants keep track of prices at competitors such as McDonald's, Burger King, and Arby's, knowi

ng that a decrease in the prices at these other fast-food restaurants will:
A. increase the income effect for Wendy's products.
B. increase demand for Wendy's products.
C. decrease the income effect for Wendy's products.
D. increase the complementary effect for Wendy's products.
E. decrease demand for Wendy's products.
Business
2 answers:
hjlf3 years ago
5 0

Answer:

hi!

i believe that the answer is ,

E

Explanation:

this participates in supply and demand a topic in social studies

hope this helps

pls put brainliest

liubo4ka [24]3 years ago
3 0

Answer:

Decrease demand for Wendy's products.

Explanation:

This is because Wendy's is aware of the cross elasticity of demand and the effect it can have on Wendy's given a change in price of its competitors. Since the competitors are all substitute goods which means that a decrease in price of any substitute that is the competitor product will shift people from buying Wendy's to these competitors, thus reducing Wendy's product demand and its revenue.

Cross elasticity of demand for substitutes is 1> . Hence the qty demanded for Wendy's will fall more than the increased revenue by charging higher price than its competitors.

Hope that helps.

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XYZ Company applies overhead to jobs using direct labor cost as an activity. For the current year, XYZ's estimated overhead was
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Answer:

e. under-applied by $4,000

Explanation:

The overhead rate was calcualte considering labor cost:

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8 0
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Gemiola [76]

Answer:

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3 years ago
Which type of nominal decision is characterized by a fairly high degree of product involvement but a low degree of purchase invo
Ann [662]

Brand loyal decision is a type of nominal decision that is characterized by a fairly high degree of product involvement by a customer, but a low degree of purchase involvement.

<h3>What is Brand loyal decision?</h3>

A brand loyal decision can be defined as a type of nominal decision which involves a customer having a fairly high degree of involvement in the products offered by a producer (business organization) but a low level of involvement in its purchase.

This ultimately implies that, a brand loyal decision is characterized by a fairly high degree of product involvement with subsequent low degree of purchase involvement.

Read more on decision-making process here: brainly.com/question/1249089

3 0
2 years ago
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Answer:

Following are the solution to this question:

Explanation:

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8 0
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