Answer:
quality modification
Explanation:
In marketing, quality modifications refer to changes made on the product's characteristics to change its durability, perceive quality and dependability. Hopefully all quality modifications should be done to increase the product's quality, but they can also be done to offer cheaper versions also. Generally lower quality versions are made to appeal to broader markets.
In this case, the quality modifications are made to increase perceived quality and appeal not to a mass market, but instead to appeal to an upscale market.
Answer:
B. Cable Television
Explanation:
I'm pretty sure its right sorry if its not
Answer:
The most that Johnson would be willing to spend on this project is $167706.
Explanation:
the most that Johnson would be willing to pay
$42000*3.993
= 167706
Therefore, The most that Johnson would be willing to spend on this project is $167706.
Answer:
D. a rise in the gas tax makes the supply of gasoline more elastic so most of the rise in the gas tax is paid primarily by consumers, which jeopardizes the re-election of politicians
Explanation:
First of all, the demand for gasoline products is normally deemed as <em>relatively inelastic</em>, which means that the <u>percent of change in consumer demand is lower than the percent of change in the price of goods.</u>
If the gas tax and thus overall gas price becomes higher, gas supply will become slightly more elastic (not to a great extent, as gas is a limited resource).
<u>Tax inference</u> is a term implying the distribution of the tax burden between the supplier and consumer. In this case, we have a similar demand and supply elasticity. A general rule is that if we have an <em>elastic supply</em>, but <em>inelastic demand</em>, the tax is almost entirely paid by the consumer.
Even though this example shows a similar level of elasticity for both supply and demand, the bigger share of the tax burden still goes to the consumer, as the supply is still more elastic than the demand.
Therefore, imposing such taxes (no matter the reason), can provoke controversy in public discourse and create instability to the position of the politicians who made such decisions.
