What happens to the quantity demanded if the price of a slice of pizza increases is that, it will be reduced. Since it is already more expensive, people would generally find other pizzas that are lower of price that still gives them the same satisfaction. The law of demand and supply is being applied here.
Answer: 0.75
Explanation:
Mean(μ) = 300
Standard deviation(σ) = 20
Find the z-score of a person who scored 315 on the exam ;
Raw score (x) = 315
Z = (raw score - mean) ÷ standard deviation
Z = (x - μ) ÷ σ
Z = (315 - 300) ÷ 20
Z = 15 ÷ 20
Z = 0.75
Answer: Option B
Explanation: The correct answer is raising the minimum wage paid to workers. Standard of living can be defined as the degree of comfort and luxury provided to every individual in a specified area. The standard of living involves every individual in the country thus the investment should be made on the sector which effect every individual. Raising the minimum wage would only increase the standard of living of poor and not every section of the society.
Answer:
Sales.
Explanation:
Pricing strategy can be defined as an approach utilized by different organizations to get the best price for a particular product or service.
Pricing strategy helps the organisation to create prices so as to maximise their profits. It could be influenced by factors such as latest economic trends, the demand of the consumers.
Sales orientation pricing strategy describes the different ways in which marketers persuade potential customers to purchase their products rather than understanding the different needs of their customers.
