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3 years ago

When manufacturers such as pampered chef sell directly to consumers, they perform both production and retailing activities?

1 answer:

8 0

That statements is true

Manufacturer is a type of business that transform raw materials into a sellable goods, so technically they can be considered as a producer in the market.
Retailers is someone that sell the goods that produced by the manufacturers to the consumers.

So, in this case, they did perform both production and retailing activities

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3 years ago

What is the minimum monthly gross income you need to be able to afford the above and still save $100 a month? set all to zero ex

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2 years ago

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3 years ago

question 1 a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction. this is an

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When a data analyst identifies and classifies keywords from customer reviews to improve customer satisfaction, this is an example of categorizing things.

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1 year ago

When the price of good A rises from $11 to $33, the quantity of good A demanded decreases from 400400 to 200200 units a day a

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Answer:

The correct answer is option A.

Explanation:

The price of good A is initially at $11.

The initial demand of A is 400 units.

The price increases to $33.

The demand of A , as a result, falls to 200 units.

The demand for good C is initially at 150 units.

With increase in price of A, the demand rises to 250 units.

The positive cross elasticity as given in the figure represents that the two goods are substitutes. When price of A increases, consumer will prefer its cheaper substitute. So, the demand for good C will increase.

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3 years ago