Answer:
This is how the market for board games would be affected in the explanation below
Explanation:
Because the manufacturers of the board game expect that the demand for their games would experience a decline, they would have to adjust their Production according to the decline. This is going to shift supply curve to the left, because of the decline in the production. Then equilibrium price would then increase as the quantity decreases because of the shift of the supply curve to the left.
In this example, Wrigley used the Penetration pricing.
Penetration pricing is one of marketing strategy which aims to attract potential customers by offering lower price as its initial offering.
This pricing strategy helps a new product or service to penetrate the market and attract customers because of the low price offered.
In the question, the introductory price for chewing gum, mint mojito were set low and aims to attract new customers to the product.
In conclusion, Wrigley used the Penetration pricing to attract new customers.
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<em>brainly.com/question/3521758</em>
Answer:
20,000
Explanation:
Only rented house is counted as per gdp
Answer:
$75,000
Explanation:
Given that,
Factory maintenance = $50,000;
Machine setup = $100,000;
Heating and lighting = $25,000
Machine repair = $10,000
Therefore,
Total costs are as follows:
= Factory maintenance + Heating and lighting
= $50,000 + $25,000
= $75,000
Therefore, the total costs in the plant services activity are $75,000.
