Reliability because she trusts martiné based on her past actions
Answer:
The correct answer is letter "D": Market development.
Explanation:
Market development is a strategy firms use to introduce a product into another existing market attracting new consumers to the same business. The strategy implies selling existing products in new geographical areas but it can also refer to selling the same goods or services to the same customers in new ways.
Answer:
The price elasticity of demand is -3.7
Explanation:
Price Elasticity of demand measure the responsiveness of demand against the change in price of the product.
Simple percentage method calculate the price elasticity by taking ratio of percentage change in Demand to percentage change in price of the product.
Percentage change in Demand = ( Revised demand - Initial demand ) / Initial demand
Percentage change in Demand = ( 182 riders - 472 riders ) / 472 riders = -0.6144 = -61.44%
Percentage change in Price = ( Revised Price - Initial Price ) / Initial Price
Percentage change in Price = ( $0.78 - $0.67 ) / $0.67 = 0.1642 = 16.42%
Price Elasticity = Percentage change in Demand / Percentage change in price
Price Elasticity = -61.44% / 16.42% = -3.74 = -3.7
There were many major benefits to philips of shifting so much of its global production to china.
China is an attractive production location for Philips. Perhaps the most important benefits to philips is the country’s cheap wages. In addition, the Chinese workforce is well educated, the economy is strong, and many of the company’s suppliers are doing business there.
Using China as a global supply base from which to serve the world offers several benefits to Philips. By having a single production location, the company can capitalize on costs savings that come from economies of scale as well as the low wages in China.
To learn more about benefits to Philips here
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<u>Environmental Scan</u> helps to uncover key trends in the marketplace.
<h3>What is an Environmental Scan?</h3>
This refers to the act of collecting information about an organization's internal and external environment with the purpose of helping management to take strategic decisions regarding the future of the entity or organization.
To collect such information, surveys are required.
See the link below for more about Environmental Scan:
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