Answer:
price increases and Ed equals -2.47
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is inelastic if a change in price has little or no effect on quantity demanded. The absolute value of the coefficient for inelastic demand is less than 1.
If price increases and demand is inelastic, total revenue would increase because there would-be little or no change in quantity demanded as a result of the price increase.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
The absolute value of the coefficient for elastic demand is greater than 1.
If demand is elastic and price is increased, revenue would fall because of the decease in quantity demanded.
If demand is elastic and price is deceased, revenue would rise because of the increase in Quanitity demanded as a result of the fall in price.
Demand is unit elastic if a change in price has the same proportional effect on quantity demanded. The absolute value of the coefficient for unit elastic demand is one.
I hope my answer helps you
Answer: exclusive
Explanation: Exclusive distribution refers to the distribution system in which the company allows only some retailers exclusively to distribute their product in a particular geographic region.
In the given case, McDonald's is offering franchise to an existing franchisee of the company. Thus, we can conclude that the above case is an example of exclusive distribution system.
Answer:
TRUE.
Explanation:
One key for sport organizations to use market segmentation effectively involves integrating the strategy with a DBM or CRM system to pinpoint which segments can be contacted. Both DBM and CRM systems can give an organization very valid and reliable information about their customers which then managers can use to form patterns and analyse trends and buying habits of the customers. This information can be easily used for effective targeting. Managers can easily know which segments they should target and how sales can be increased in that particular segment. What offers should be sent to that specific segment.
Market economy is the economic system which private businesses can operate freely with minimal state control
- Apple
- Starbucks
- Godrej industries
Explanation:
Policies of Apple:
- Innovation: Apple has given more than what we have expected.
- Integrity: Apple has stayed true to itself and doesn't copy.
- Originality: The reinvention of features has made Apple stand out.
Policies of Starbucks:
- Expand its stores in the US and internationally by franchising/licensing.
- Designing stores that convey Starbucks image and brand.
- Expand product offerings beyond its retail stores& enter new markets.
Policies of Godrej Industries:
- Godrej industries aims to provide innovation and quality products.
- Commited not only to consumers but also society and environment.
- Excellent standards of ethical behaviour.
