Answer:
<em>Cross-price elasticity of demand = 0.1</em>
Explanation:
We have the formula to calculate the cross-price elasticity of demand as below:
<em>Cross-price elasticity of demand = % change in quantity demanded for product X/ % change in price of product Y</em>
<em />
Starbucks raises its price by 5 percent, so that <em>percentage changes in price of Starbucks' products</em> are 5
McDonald's experiences a 0.5 percent increase in demand for its coffee, so that <em>percentage changes in quantity demanded for McDonald's coffee </em>is 0.5
=> <em>Cross-price elasticity of demand = % changes in quantity demanded for McDonald's coffee/ %changes in price of Starbucks' products</em>
<em>= 0.5/5= 0.1</em>
Answer:
Life is so depressing right now so YES!!
Explanation:
Explanation:
The concept of 'informed consent' is a key principle within ethics, referring to permission granted in the full knowledge of the likely consequences.
Answer:
Guerilla marketing
Explanation:
Guerilla marketing is an unconventional way of advertising that is cost effective and it's efficient in reaching a large audience. It takes the customers by surprise and engage them In their campaign in order to promote their products.
Geurilla marketing suggest that one invest money, time , energy and imagination instead of money. It also help to grow per year by increasing yearly transaction with each customer and also leveraging on the referral each from has to offer.