The agreement made between different companies to charge the same amount for products or to not sell the products below a fixed price is known as <u>price-fixing.</u><u />
Hi, this is an Incomplete question.
Here are the options:
- becoming a trusted advisor to a prospect
- attracting prospects and customers through relevant and helpful content
- immediately adding value to a prospect’s buyer’s journey
- exceeding a prospect’s expectations in the buying process so that they’ll want to tell their friends and family about your company
Answer:
- <u>attracting prospects and customers through relevant and helpful content</u>
<u>Explanation:</u>
Interestingly, the inbound methodology describes the process of attracting, converting visitors into customers, also with the aim of making them promoters of the business.
Thus, the first stage which is the attract stage is concerned with the attraction of customers via TV or radio adverts, online marketing, etc.
Answer:
Explanation:
A ) Demand for coffee may increase due to many reasons , like due to decrease in price ( due to price effect ) , increase in price of tea ( due to substitution effect) , due to seasonal change like in the cold season , its demand increases.
B) Supply of coffee may increase due to rise in its price , due to more company coming into market , technological improvement in plant and machinery etc.
C ) The new equilibrium price may be equal to , less than or greater than $3 each . If shift in both the lines have same magnitude , price remains stagnant . If shift in supply line is more , price decreases. If shift in demand curve is more , price increases.
Answer:
Has a formal, negotiated contract Used for a one-time transaction for a specific purpose
Explanation:
- A consumer loan is when a person borrows money to form a lender that may be secured or unsecured and they include any types of the mortgages, the refinances, home equity lines of credit, and the credit cards.
- Along with auto loans and the home loans and personal loans. As they are a type of the installments they can be negotiated and used for a one-time basis and for a specific purpose.
Answer:1) how responsive quantity demanded is to changes in income--A 2) income elasticity of demand for butter is 0.11. That means butter is a luxury good---A
Explanation:
1) Income elasticity of demand refers to the responsiveness of the quantity demanded for a certain good to a change in income of consumers who purchase this good.The higher the income elasticity of a good, the greater the consumers' response in their purchasing lifestyle.
The formula for Income elasticity of demands given by
The percent change in quantity demanded divided by the percent change in income.
2) Income elasticity of demand, helps us to identify if a particular good represents a necessity or a luxury.
-when the income elasticity for a good is less than 1(ie from 0-1) we say that the good is a normal good. these goods are also called necessity goods and consumers will purchase them irrespective of the changes in their income eg water, electricity
- when the income elasticity of a good is greater than 1 , we say that the good is a luxury good. eg butter
- An inferior good is one with a negative income elasticity which means rising incomes will lead to a drop in demand.
