Answer:
Aftermarketing
Explanation:
Aftermarket IMG is defined as the set of activities a business undertakes after making a product sale to retain customers and to foster repeat sales.
For example following up on the customer to ascertain level of satisfaction with the purchase, after sale technical support, and complaint management.
In the given scenario ID Groups Corp maintains a database that contains customer information and a history of each of their purchases, offers ongoing guidance on product maintenance, and responds quickly to complaints and seeks customer satisfaction.
These are aftermarketing activities.
Answer:
The minimum wage creates unemployment among young and unskilled workers.
If the price of a product in a market decreased, other things equal, quantity demanded will increase.
There is a tradeoff between inflation and unemployment in the short run.
If consumer income increases, other things equal, the demand for automobiles will increase
If interest rates increase, investment will decrease.
Explanation:
Positive statement is objective and statements are usually based on facts and economic theory. They can be tested.
It is a known fact that the higher the minimum wage, the lower the demand for labour and the higher the unemployment rate. this is because price varies inversely with demand
a tradeoff between inflation and unemployment in the short run is known as the Phillips curve
Normative statement is based value judgements, opinions and perspectives. For example, the statement - social welfare spending in Sweden occupies too large a portion of the national budget - is based on opinion. To some the expenditure might be even too small. There is no economic theory that can be used to determine if this expenditure is too large or small
Draw the supply/demand curve. The line is above market equilibrium....the question literally states that the price rises, and since the supply curve has a positive slope (assuming unit elasticity), the supply will increase. Meanwhile, the demand curve has a negative slope (still assuming unit elasticity), so the demand for it will decrease. This will result in a surplus, aka, an excess supply.
Explanation:
The various approaches to negotiation are as follows:
Distributive Negotiation or Win-Lose Approach. This is also called competitive, zero sum, or claiming value approach. ...
Lose-Lose Approach. ...
Compromise Approach. ...
Integrative Negotiation or Win-Win Approach.
