Answer:
Cross Price Elasticity (Splishy Splashy & Raskels) = -0.8
Cross Price Elasticity (Splishy Splashy & mookies) = 1.2
Mookies are recommended to me marketed with Splishy Splashies.
Explanation:
Substitutes are goods that are inter changeable for a want. Complements are goods that are jointly demanded for a want.
Substitutes price & demand are inversely related, cross price elasticity is negative. Complements price & demand are positively related, cross price elasticity is positive.
Cross Price Elasticity Formula = <u>percentage change in demand </u>= <u>% ∆ D</u>
percentage change in price. % ∆ P
Cross Price Elasticity (Splishy Splashy & Raskels) = <u>% ∆ D (raskels</u>
% ∆ P (splishy splash)
= 4/-5 = -0.8
Cross Price Elasticity (Splishy Splashy & mookies) = <u>% ∆ D (mookies)</u>
% ∆ P (splishy splash)
= -6/-5 = 1.2
Cross price Elasticity (Splishy Splashy & Raskels) is negative, so they are substitute goods. Cross Price Elasticity (Splishy Splashy & mookies) is positive, so they are complementary goods.
Splishy Splash & Mookies are complementary goods. So, Mookies are recommended to me marketed with Splishy Splashies.
Answer:
If you dont pay your balance , Yes you have to pay interest on everything you buy on your card because that is money from the bank so you have to pay your balance for them to get there money back.
Explanation:
Answer:
This question lacks answers. Here they are:
<em>A) the fulfillment management process
</em>
<em>B) the market-sensing process
</em>
<em>C) the customer acquisition process
</em>
<em>D) the customer relationship management process
</em>
<em>E) the new-offering realization process</em>
The correct answer is: E) the new-offering realization process
Explanation:
Essentially R&D (Research and Development), the new-offering realization process is a core business process related to the launch of new products or services promptly, with the defined limits, constraints and resources.
Logically, it follows the market-sensing process, with the output of this process being the input for the new-offering realization process.
It is clear from the example that Amber is a supervisor in a typical R&D department, so her job is aligned with the new-offering realization process.
Answer:
The inventory turnover is 0.5
Explanation:
Inventory turnover ratio or stock turnover ratio is ratio which tells about how much of inventory company has sold and how much of it is left. This ratio helps management in making right decisions regarding pricing and marketing strategy, manufacturing etc.
FORMULA FOR CALCULATING INVENTORY TURNOVER RATIO =
Here we will take cost of goods sold not sales because by taking cost of goods sold we will get better accuracy , as sales will include a mark up over cost.
Average inventory will include raw material inventory, finished goods and work in progress
Therefore the average turnover ratio is 0.5