The longer the time period considered, the more the elasticity of supply tends to INCREASE.
The elasticity of supply refers to the responsiveness of suppliers to the change in price of their products or services. Elasticity of supply is measured as a ratio of proportionate change in quantity supplied to the change in price. Elasticity of supply tends to increase with time.<span />
The competitive environment and consideration set themselves are further quantitative metrics of brand awareness. You can accomplish this by outlining your brand and the brands of your rivals, then asking people to rate their familiarity with each brand on a qualitative scale ranging from "well known" to "totally unknown."
<h2>What is the role of quantitative research?</h2>
- Quantitative research is beneficial since it offers precise numbers for comparison and referencing. We occasionally collaborate with Research, a California-based market research company, to assist us in designing and putting into practice quantitative research tactics since we have faith in their knowledge in this field.
- We can confidently identify trends, quantify feelings and behaviors, and comprehend the perception of a destination brand based on information from a representative sample of the area's population by conducting statistically accurate, multi-modal surveys (or a regional population if doing competitive or key market research).
<h2>What is the role of qualitative research?</h2>
- Comparatively, qualitative research is far more subtle. Instead of stating an actual reality, it "summarizes and infers." Qualitative research sheds light on the history of your brand and the people it stands for, while quantitative research serves the purpose of giving you the hard data you need to support your decisions.
Learn more about Qualitative research at <u><em>brainly.com/question/13498255?referrer=searchResults</em></u>
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Answer:
A. money-back guarantee
Explanation:
Money-back guarantee represents when buyers purchase a product from the market and get a warranty card. After purchasing a product if the buyer is not satisfied with the product and goes to the shop by stating that he is not satisfied with the product and it comes under warranty. The Product can replace a product or money-back guarantee (if it comes under the policy when purchased the product) if the customer not satisfied with the product.
So if seller is promised from buyer for a money-back guarantee if buyer is not satisfied from the product then the seller has a responsibility to return the buyer money.
Answer:
Approximately 71 .11 months
Explanation:
This is a Future Value question. However we are solving for the Number of periods to determine how long it would take Joan to accumulate $3688.
Interest compounded monthly means Joan will be paid interest on her deposit on an annual basis prorated. she gets to earn interest on the accumulation of interest + principal monthly.
The formular for calculating Future Value is
FV = PV ( 1 + R )ⁿ
Our R which is the Rate(5%) will be adjusted to 12 months. =
However we need to solve for the N since we already have our FV. Therefore the revised formular is :
Continuing with the formular
Which is equals to 71.11 months approximately 6 years.
