Answer:
Place Marketing
Explanation:
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
In my opinion a change in tastes and fashion can impact both supply and demand. This is so because if the consumers doesn’t like the product they would not buy it, this affects the demand of the product. If the suppliers aren’t getting enough demand for the product they won’t supply.
Answer: It will lead to consumption of too much of the good.
Explanation: The Scenario displayed here is a Monopolistic Market operated by the pay per view television programs E.g Multichoice
Answer:
a. A. Manufacturing overhead cost
b. B. Direct material cost
c. B. Direct labor cost
d. C. Period cost
Explanation:
Property taxes incurred on the factory ; Are included in manufacturing and product cost as a manufacturing overhead.
Materials to manufacture jeans : Are included in manufacturing and product cost as a direct materials cost.
Assembly line worker's wages : Are included in manufacturing and product cost as a direct labor cost
Depreciation on printers at sales office : Are expenses during the period.They are not included in product cost.
Answer:
1. As the price level rises, the cost of borrowing money will <u>rise</u>, causing the quantity of output demanded to <u>fall</u>.
This phenomenon is known as the <u>Interest rate</u> effect.
When price levels rise, people will have to spend more on goods and services and hence save less. As they save less there'll be less loanable funds in the economy which will force interest rates (cost of borrowing) up. As there are less loans to give out and higher rates, people will borrow less and as a result will not demand as much because they can't afford it.
2. Additionally, as the price level rises, the impact on the domestic interest rate will cause the real value of the dollar to <u>rise</u> in foreign exchange markets. The number of domestic products purchased by foreigners (exports) will therefore <u>fall</u>, and the number of foreign products purchased by domestic consumers and firms (imports) will <u>rise</u>. Net exports will therefore <u>fall</u>, causing the quantity of domestic output demanded to <u>fall</u>. This phenomenon is known as the <u>exchange rate</u> effect.
As interest rates rise in the Economy, it will make the country a more attractive place to invest for foreigners so they will demand more of the local currency. This will cause a rise in the value of the domestic currency. This will make the exports of the country more expensive so less people outside will buy it but it will also make foreign products seem cheaper so the local consumers will import more.
