Answer:
Price inelastic.
Explanation:
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
A price elasticity of demand can be defined as a measure of the responsiveness of the quantity of a product demanded with respect to a change in price of the product, all things being equal.
Mathematically, the price elasticity of demand is given by the formula;
The demand for goods is said to be inelastic, when the quantity of goods demanded by consumers with respect to change in price is very small. Thus, the more easily a consumer can switch to a substitute product in relation to change in price, the greater the elasticity of demand.
Generally, consumers would like to buy a product as its price falls or become inexpensive.
In this scenario, the residents of California did not use less water even when the water company raised water prices. Thus, water is price inelastic.
Answer:
the psychological design of saving energy by not working will increase in frequency while the psychological design of expending effort to get food will decrease.
Explanation:
This will be because the ones working hard will see that they can get food without without working for it so they will stop working too and start devoting this extra energy for reproduction. Plus ones working hard will get tired of looking for increase in population without food and they will stop sharing. This general inclination should be selected against because many people will not work and start depending on other to share it with them.
B. You have health insurance with a $500 deductible.
The characteristic that all forms of direct marketing have in common is that they:
are carried out by agents or brokers.
involve face-to-face or teleconferencing sessions with the customer.
include some type of activity that directly links manufacturers to the ultimate consumer.
make use of exclusive distribution systems with a network of traditional "bricks and mortar" stores.
Answer:
Inbound logistics ➞ Operations ➞ Outbound logistics
Explanation:
Multiple Choices are
Inbound logistics ➞ Operations ➞ Service
Inbound logistics ➞ Operations ➞ Marketing and Sales
Inbound logistics ➞ Outbound logistics ➞ Marketing and Sales
Inbound logistics ➞ Operations ➞ Outbound logistics
A value chain is an order of activities that a business perform to deliver a valuable good or service to the market. The correct order for the Value chain process is go through Inbound logistics to Operations to Outbound logistics to Marketing and Sales to Service.
So, the correct order according to value chain is Inbound logistics ➞ Operations ➞ Outbound logistics
