Answer:
a. increase the price of the software
Explanation:
If I were the sales manager for a software company and have been informed that the price elasticity of demand for your most popular software is less than 1. In order to increase total revenues from that product, I will increase the price of the software.
The reason for such decision is based on the fact that when the price elasticity of demand of a product is lower than 1, an increase in the price of that product results in an increase in revenue for the seller.
Three basic economic questions are -
- What to produce?
- How to produce?
- Whom to produce for?
Economists study how households and businesses interact to produce the goods and services people need. They look at the factors of production, such as land, labor, and capital, and how they are combined to produce goods and services. Essentially, economists try to answer three sets of questions:
- What goods and services should be produced to satisfy consumer needs?
- How much of this product do you need?
- When should you produce a report?
- What is the best way to produce goods and services?
- How should these products be produced, and what resources should be used to do so?
- Who should be the recipients of goods and services?
- How should the product be allocated among consumers?
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Answer: Paragraph
Explanation: The paragraph group on the Home tab contains the command required for necessary paragraph formatting including multilevel list, indentation adjustment, line spacing between and after paragraphs, text alignment options,borders, bullets and numbering formatting options.
The bullet and numbering text formatting options provides oprions to either use stylish filled circles to denote distinction in a list or use direct numbering of each items in a list.
Answer:
Correct option is (e)
Explanation:
Advertising message refers to the underlying meaning that needs to be conveyed to the customer. In other words, it's the point that the customer understands after seeing the advertisement.
One of the components of advertising message is appeal which is the element that grabs the attention of the customer. The advertiser emphasis on the appeal that attracts the customer like funny or adventurous appeal.
Here, Jamie is wants to convey the message to the students that travel packages provided by him is the best. He is trying to use informational appeal.
