1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
devlian [24]
3 years ago
13

The owner of Bob's Breakfast just bought Nancy's Famous Breakfast across the street. The offer the same breakfast items on the m

enu. The demand fro Bob's Breakfastis more elastic than Nancy's Famous Breakfast. What should the owner do?
a.Reduce the prices at Nancy's Famous Breakfast
b.Raise the pricesat Bob's Breakfast
c.Raise the prices at both restaurants equally
d.Raise the prices at both restaurants, but raise the price of Bob's Breakfast more
Business
1 answer:
Ratling [72]3 years ago
7 0

Answer:

d.Raise the prices at both restaurants, but raise the price of Bob's Breakfast more.

Explanation:

Price elasticity is a measure of responsiveness of quantity demanded to changes in price.

When price is inelastic change in price results in small or no change in demand.

When price is elastic a small change causes a large change in demand.

If the owner increases price for Nancy's Famous Breakfast and places a even higher price for Bob's Breakfast, the customers that patronise Bob's Breakfast will reduce. Those that stay will pay higher price.

More people will buy from Nancy's Famous Breakfast also at an increased price.

You might be interested in
John, the owner of a lawn care service, likes to meet with his employees six months after their yearly evaluation to discuss how
Mariana [72]

Answer:

<em>Control</em>

Explanation:

The control cycle <em>is the incremental process in which tests are prepared, tracked, reviewed,  and updated. </em>

The control cycle is widely used to continually monitor organizational expenditures and  system flows.

The assumption when applying the control cycle to budgeting is that each subsequent iteration of  the budget will be changed based on the information obtained when comparing the initial budget with  actual results.

6 0
3 years ago
Why is it important to study the ‘post- purchase evaluation'?
sukhopar [10]

Answer:

Research shows that customers often find a gap in their expectations versus what the company actually delivers as an experience. Creating positive post purchase customer experience is a great way for companies to build a relationship with their customers, and build engagement and loyalty for their products and brand.

3 0
3 years ago
Carrie owns a boutique shop that sells decorative, handmade pottery. She's choosing an online ad campaign to allow a seamless sh
mestny [16]

The main benefit that the shopping campaign ads will offer Carrie is that it will help to give detailed information about her product before they click the ads,

Basically, the shopping campaigns ads is a advert placed online or website to attract prospective customer

  • This ads campaigns help business-owners to promote their products because its gives the users detailed information about what they are selling even before they click on the ad.

In conclusion, the main benefit that the shopping campaign ads will offer Carrie is that it will help to give detailed information about her product before they click the ads,

Read more about shopping campaigns ads:

brainly.com/question/7157524

8 0
3 years ago
When Nike purchases it's raw materials it wants to ensure they meet a specific quality management standard worldwide. This will
4vir4ik [10]

Answer:

their

Explanation:

Nike should purchase it's raw materials from organizations that meet ______their_______________ standards.

6 0
3 years ago
Within her role as a small business consultant, Alexa analyzes how organizations fit into their industries, the communities, and
mariarad [96]

Answer:

Within her role as a small business consultant, Alexa analyzes how organizations fit into their industries, the communities, and the broader social environment. This type of analysis involves the management skills which is:

E. Conceptual

Explanation:

  • The conceptual management skill allows the Alexa to analyze the process that how organizations fit into their industries, the communities and the broader social environment.
  • The human management skill as well as delegations don't help to analyze this process specifically.
  • Similarly, the organizing and technical skills are also not relevant to this process of understanding that how organizations are fit into their industries.

8 0
4 years ago
Other questions:
  • True or False: The two forms of ethical reasoning almost never reach the same conclusions.
    9·1 answer
  • Mrs. King wants to start an airline business and needs to raise millions of dollars to get the business started.
    14·1 answer
  • The Platinum Platform, in Dubuque, Iowa, sells high-quality, unique bedding that is a real value to upscale homes in the area. N
    10·2 answers
  • William McChesney Martin, who served as Chairman of the Federal Reserve in the 1950s and 1960s, is famous for saying that centra
    5·1 answer
  • A monopolistic seller of sports cars has traced out the following demand curve: 10 customers have willingness to pay (WTP) of $1
    5·1 answer
  • Suppose we have the following information for 2008: Potential output: $17 trillion Actual output: $16 trillion Actual Deficit: $
    8·1 answer
  • A monopoly firm is the only seller of a good or service that A) does not need to be advertised. B) has no close complements C) d
    13·1 answer
  • Patel Inc. factors $6,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retains
    12·1 answer
  • Reasons starting for world war one​
    5·1 answer
  • Which of the following accounts is an equity?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!