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slega [8]
3 years ago
10

If the market for a product is broadly​ defined, then A. the expenditure on the good is likely to make up a large share of​ one'

s budget. B. there are many substitutes for the product and the demand for the product is relatively elastic. C. the good has many complements. D. there are few substitutes for the product and the demand for the product is relatively inelastic.
Business
2 answers:
kotegsom [21]3 years ago
7 0

Answer:

The correct answer is letter "D": there are few substitutes for the product and the demand for the product is relatively inelastic.

Explanation:

Broad markets are those offering products that are <em>not easy to substitute</em>. <em>Electricity </em>is an example of a service that is not easy to substitute. Most narrow markets are monopolies, thus, they are characterized by having an <em>inelastic demand</em> meaning their quantity demanded does not change in front of changes in prices.

Furkat [3]3 years ago
6 0

Answer:

I think the answer is the good has many complements.

Explanation:

I have no real idea. I just have a feeling.

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What does it mean to be intelligent?
lesya692 [45]

Answer:

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5 0
3 years ago
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The Blue Bird Bus Company in Georgia sells buses to the South African government. To South Africa, these buses are an example of
Stolb23 [73]

Answer:

Imports.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

The world trade organization (WTO) is an intergovernmental organization that set rules, policies and regulates global trade across the world.

In this scenario, the Blue Bird Bus Company in Georgia sells buses to the South African government. To South Africa, these buses are an example of imports.

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7 0
3 years ago
Since 1960, when the central american beef market began booming, over 25% of the rainforests have been cleared for cattle grazin
faust18 [17]
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4 0
3 years ago
As Shirley responded to a personnel director's concerns about changing to the health-care plan her firm offered, she said, "I ca
erik [133]

Answer:

<u>Reffeal</u>

Explanation:

A letter of reference is an effective method for establishing clear communication with information needed to clarify possible doubts and bring credibility. It should be written in a formal manner, highlighting the strengths of the message to be conveyed beyond clear, accurate and honest language.

5 0
3 years ago
Which of the following acquisitions would be considered the LEAST related? Group of answer choices A candy manufacturer purchase
kari74 [83]

Answer:

An upscale "white-tablecloth" restaurant chain acquires a travel agency.

Explanation:

Few reasons:

  • Such restaurant are luxurious, so they would want to collaborate with travel agencies but not acquire the whole agency itself.
  • Being the upscale restaurant they have to work on their own image not acquiring unnecessary agencies.
  • They have their own customer market, who won't compromise on the choices they make, so they don't need to acquire a travel agency to increase it's branding as not everyone can afford such restaurants.
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3 years ago
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