Answer:
D. estimate price elasticity of demand by experimenting with different prices
Explanation:
Price elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.
Demand is elastic if a small change in price has a greater effect on the quantity demanded.
Demand is inelastic if a change in price has little or no effect on quantity demanded.
Demand is unit elastic if a change in price has the same proportional change on quantity demanded.
By experimenting with different prices and monitoring the different quantities demanded at each price, a new firm can determine the elasticity of demand for their product.
Price controls are set at the discretion of the government and not by firms.
Shortages imply they quantity demanded exceeds quantity supplied. It doesn't give any information on elasticity of demand.
I hope my answer helps you
Answer:
The correct answer is D
Explanation:
OSHA stands for Occupational Safety and Health Act, which is passed in order to encourage the safer workplace conditions in the U.S. They set the standards as well as perform the inspections at the job sites.
OSHA made mandatary the first aid kits to be available in the business who are employing more than 3 years people. So, this newly formed company was successful in developing the kits, this is example of the government regulations as a source for the ideas of the new products.
<span>It
is an example of the primacy effect. Primacy effect is one of the two main
components of a broader concept known as the serial position effect. The serial position
effect says that when given a list of information and later asked to recall
that information, the items at the beginning (primacy) and the items at the end
(recency) are more likely to be recalled than the items in the middle.</span>
Answer:
sales orientation
Explanation:
Sales Orientation -
It is the business method to make profit just by selling the products to the customer rather than considering the needs of the customer , is known as sales orientation .
This method is adapted by to increase the profit margin.
Hence , from the question , the company is using , sales orientation .
