Answer: False
Explanation:
Shoes and socks are complementary goods. A complementary good is a good that the demand for the good increases when there is reduction in price of its complement. Complementary goods have a negative cross elasticity of demand i.e. the demand for the good rises when the price of the other good decreases. Assuming "A" is a complement to "B" , a rise in the price of "A" will have a negative effect on the demand for "B".
A reduction in the price of A leads to a positive outcome on the demand for B resulting in an outward shift of its demand curve. The quantity demanded of one good has a direct relationship on the quantity demanded of the other good as they are linked together. When the price of shoes increases, less of socks will be demanded and vice versa.
The 200 mile limit only applies to fishermen from forgein lands. The limits don't apply to native fishermen so the tradgedy of the commons could still occur.
Answer: Place
Explanation: Jeff still needs to work on the place element of the marketing mix. Jeff has covered all the other three elements.
His decision to sell sports apparel covers the product element. He has also decided the prices he is going to charge so he has also covered price mix. Jeff has also decided the promotional strategies covering the promotion element.
Since he has not decided how he will going to make the product available and what will be the distribution channel etc.
Hence from the above we can conclude that the correct option is place element.
