If a firm adopts a CRM business philosophy, it most likely has a <u>relational</u> orientation with its customers.
Hope that helps!
Answer:
Trade can make every one better off
Explanation:
In economics, trade is considered as an important tool to make everyone better off. Before the paper currency, people used to trade goods and services in exchange for goods and services and the concept is called barter trade. Megan has opted for the concept of economics which is called trade can make everyone better off.
Answer:
a. firm should continue to produce in the short run.
Explanation:
If at equilibrium price is greater than average variable cost, than the firm should continue to produce in the short run. Till the point the firm is able to cover its operational/variable costs it should not shut down in the short run.
There are many possible causes for this, one of which is that the promoted product has not yet won the acceptance of the general public. This could be the rationale behind the advertisement Ayla saw for her new line of non-GMO snack items.
<h3>What do you mean by the GMO?</h3>
GMOs, or GM for genetically modified foods, is another frequently used shorthand.
Any organism whose genes have been artificially altered is considered a GMO.
One form of "unnatural" gene alteration entails splicing a gene from one species into another.
GMOs include animals, insects, and pharmaceuticals that have undergone genetic alteration in addition to food products. Insulin was the first pharmaceutical created by genetic engineering.
Therefore, there are many possible causes for this, one of which is that the promoted product has not yet won the acceptance of the general public. This could be the rationale behind the advertisement Ayla saw for her new line of non-GMO snack items.
To know more about the GMO, visit:
brainly.com/question/28211337
#SPJ1
Answer:
3
Demand is elastic
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
60 / 20 = 3
Demand is elastic because the coefficient of elasticity is greater than 3.
This means that a small change in price has a greater effect on the quantity demanded.
I hope my answer helps you