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Masja [62]
3 years ago
7

The manager of a firm believes that she would lose sales if she raised her prices by $2.00, but the revenue lost would be more t

han offset by higher revenues from the higher price. This indicates that the manager perceives demand to be:_______.
a. inelastic.
b. elastic.
c. unit elastic.
d. insufficient information.
Business
1 answer:
julsineya [31]3 years ago
8 0

Answer:

This indicates that the manager perceives demand to be:_______.

c. unit elastic.

Explanation:

Unit elastic demand describes a demand curve which is perfectly responsive to changes in price. This implies that the quantity supplied or demanded changes according to the same percentage as the change in price.  For example, if the manager raises the price of her famous goods by $2.00, the unit elastic demand for that $2.00 increase would result in a decrease in the quantity demanded by one unit.

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Answer:

Choice 5 of 5. Define the problem

Choice 1 of 5. Develop a research plan

Choice 2 of 5. Collect relevant information

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Explanation:

The steps of the marketing research approach includes

Step 1: Defining the problem

Step 2: Construction of the ideologies from which the problem is approached

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Step 4: The collection and analysis

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Therefore, the correct order from the given options are;

Choice 5 of 5. Define the problem

At this stage, the problem that is the basis for the research is clearly defined, including the background information, the purpose of the research,  and the information that could be useful in decision making

Choice 1 of 5. Develop a research plan

The blueprint or outline of how the research is to be conducted

Choice 2 of 5. Collect relevant information

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Choice 3 of 5. Develop findings

The findings are analyzed to derive the actionable research results

Choice 4 of 5. Take marketing actions

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Suppose the market for cantaloupes is unregulated. That is, cantaloupe prices are free to adjust based on the forces of supply a
riadik2000 [5.3K]

Answer:

higher

buyers to offer higher prices

Explanation:

When there's a shortage in the market, demand exceeds supply. A shortage can be caused either by an increase in demand or a fall in supply. When there's a shortage prices rise.

To curb the shortage, buyers would offer an higher price. This would either increase supply or decrease demand and equilibrium would be restored.

I hope my answer helps you.

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Answer:

Letter c is correct. <u>It encourages participation from everyone.</u>

Explanation:

People are encouraged to participate in a nominal group technique because it is comprehensive to all participants.

This technique consists of creating group dynamics where each member can express their opinion about what is being proposed by voting, independently and silently, which consequently encourages the breakdown of shyness and reduces the pressure on the participant. This technique has positive effects by balancing the participation of all people and by motivating the group's sense of belonging and effectiveness.

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The cost of rainforest preservation can be lowered for developing countries by the development of alternative rainforest products.
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Bay City Construction, Inc., a contractor, asks Cool Electric, a subcontractor, to provide certain services. Nothing is said abo
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