B. Command economy
This is because this is exactly what. Command economy does
Answer:
(a). For every additional square foot of area of a house, the price is predicted to increase by $61
(b) The asking price is $145410 and the residual is a negative $4100
Explanation:
As per the data given in the question,
a) From regression equation Slope = 0.061
So slope = (0.061 × 1,000) ÷ 1 sq. ft.
= $61 per sq. ft.
For every additional square foot area price is increased by $61
b) If size of the house is = 1600 square foot then
Price = 47.81 + 1600*0.061
=$145,410
The asked price is $4,100 less than estimated price and residual is not positive
Hence,
Asking price = $145,410
Residual price = a negative $4,100
Answer:
The correct answer is b. True.
Explanation:
The objective of applying the marketing mix is to know the situation of the company and to develop a specific strategy for subsequent positioning. One way to start is by conducting a market study.
As changing as the consumer, the marketing mix currently has an approach that rethinks questions about the market and the consumer such as:
- What needs do my clients have?
- What is the cost of satisfaction of our customers and what return will this satisfaction give me?
- Which distribution channels are more convenient?
- How and by what means do I communicate it?
