The tendency is easily explained. As price goes up, the quantity that consumers demand goes down. This is a common correlation between the price of goods and the willingness of the customers to buy products. All businesses today have to build demand in order to know how much do the customers want in order for them to increase their purchase ability.
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Answer:
Absolute value of the price elasticity of demand = 6.8 (ELASTIC)
Explanation:
<em>(See attached)</em>
Answer:
C, distributed product development
Explanation:
Distributed product development can simply be defined as the distribution of the different parts/components of a product to different firms. Distributed product development is usually done when the best of partners are being consulted over a product. Te other firms usually are the best in the production of the components of the product and as such might not be based in the home country of the product's parent company.
From the above question, it is seen that Donavan is speaking to different companies all of the world as regards his product's components. The companies are the best in what they do and he has to have each of them contribute their best ideas to his product.
Cheers.
Answer:
The answer is: Must do priority
Explanation:
Must do priorities are the activities you or your organization must achieve in order to be successful. Must do priorities should be your highest priorities.
Veronica needs to get the bank loan so that her company can start their expansion projects, and she needs to do it fast.
Answer and Explanation:
This is an example of Simpson’s paradox
