Answer:
The consumers' sensitivity to a price change.
Explanation:
The price elasticity of demand is a measure of the change in the quantity demanded by customers for a product, relative to change in price. It is computed using the following formula:
Price Elasticity of Demand = %change in quantity demanded/%change in price
If the quantity demanded for a good rises or falls proportionally more than the change in price, the good is classified as elastic. For example, if the price of salt rises by 15%, and the quantity demanded falls by 20%, then salt is an elastic good.
If the quantity demanded for a good rises or falls proportionally less than the change in price, the good is classified as inelastic. For example, if the price of gasoline rises by 30%, but the quantity demanded only falls by 10% (as it's often the case in reality), then gasoline is an inelastic good.
Answer:
Emergent strategy
Explanation:
Emergent strategy -
It is the process to determine the unexpected outcome due to the execution of the corporate strategy and then integrating the unpredictable outcomes into the future corporate plans , is knows as the Emergent strategy .
As , with the help of social media platform , it is used to magnify the marketing plan .
Hence , the same same case is given in the question , therefore the correct term for the given information is Emergent strategy .
Answer:
D) Problem removal
Explanation:
Since it has been discovered that women don't like loud music, a woman who just left a loud music technology store for Best Buy stores that doesn't play loud music will have her 'problem removed'.
Best Buy store can be regarded as a problem removal store by helping women to solve their problem of listening to loud music.
Women Will have a good and problem removal experience in Best Buy Store.
Best Buy store has had an advantage against other stores because they don't play loud music and more women will patronise them, thereby, increasing their profits.
Answer & Explanation:
1. A steel tariff increases the price of steel : Increase in of 'Price of inputs' - decreases (leftward shifts) supply curve
2. Improvement in robotics increase efficiency & reduces costs : Upgradation of 'technology'- increases (rightward shifts) supply curve
3. Factories close because of am economic downturn : 'Number of sellers' reduce - decreases (leftward shifts) supply curve.
4. The price of trucks falls, so factories produce more cars : Decrease in 'price of related goods' - increases (rightward shifts) supply curve.
5. The government announces a plan to offer tax rebates for the purchase of commuter rail tickets : 'Expectations' regarding rise in relative price of cars - decreases (leftward shifts) supply curve.
6. The government announces that it will dramatically rewrite efficiency standards, making it much harder for automakers to produce their cars : 'Goverment policy' stringency - decreases (leftwards shifts) supply curve.
