D. income segmentation
The packaging for the laundry detergent is being improved upon for the benefit of “low-income consumers” and “tight budget” students. Therefore, the answer would be relative to income.
Answer:
automobiles
Explanation:
Price elastic describes the relationship between changes in demand as a result of changes in the price. Price elasticity describes how a product's demand responds to a change in its price. Goods or services are price elastic if a small change in price causes considerable differences in their demand.
In this case, automobiles will be more elastic. Changes in their prices will result in significant changes in demand. An increase in the price of automobiles will result in consumers considering other means of transportation. When price decrease, many commuters will opt to but cars. Milk, housing, and clothing are basic needs. People need them for survival. An increase or a decrease in their prices will not change their demand in a big way. They are price inelastic.
Answer:
D) sales would be low, profits non-existent, and he would attract golf equipment innovators.
Explanation:
Generally during the introductory stage of a product or service;
- the sales are usually low since not a lot of customers know or trust you product or service,
- due to low sales and high costs, profits are usually very small or non-existent,
- many times innovators are the first ones to try your product, specially in a very conservative market, like golf equipment and related products.
Answer:
Option (c) is correct.
Explanation:
Option A:
Income of the consumer is related to the normal and inferior goods.
If there is an increase in the income level of the consumer then as a result the demand for normal good increases and there is a rightward shift in the demand curve of normal good.
Option B:
Price of related goods: substitute goods and complimentary goods.
For example,
If there is an increase in the price of one good then as a result the demand for the substitute good increases which will shift the demand curve of substitute goods rightwards.
Option C:
If there is an increase in the price of the product then as a result the quantity demanded for that product decreases. This shows that price of the product would not change the demand but the quantity demand.
Can you post a pic so I can see more of it.
