Answer:
Answer A
Explanation:
Monopolistic competition is a market structure that is in the middle of monopoly and competitive market. All the firms in monopolistic competition have a low degree of market power and take prices as they are. Therefore, these firms advertise heavily as in the long run demand for their products is highly elastic, sensitive to price changes and in the short run economic profit is positive but gravitates towards zero in the long run. Any source of advantage in comparison to the competition can therefore be higher product differentiation.
Answer:
C. The psychoanalytic approach
Explanation:
The psychoanalytic approach is one in which the the psychological part of a person is scrutinised and studied in order to discover how a person acts and why the person acts that way.
Naira is trying to determine a customers psychological profile and in doing so analyze how these unique characteristics of a customer influence their marketing decisions. The questionnaire contains questions that will ask personal details of a person like name, age, sex, occupation, salary range which gives the general overview of their person then proceed to ask more questions like what type of products they use and if their decision is influenced by price, availability or any other means. They are also asked what they think of that particular product and other related product and their replies will be used to help companies reach their target audience.
Answer: Bundle all the three operas together
Explanation:
Customers purchase a good only if its price is less than the customer’s reservation price.
Total WTP of consumer 1 = 100 + 200 + 70 = 370
Total WTP of consumer 2 = 120 + 100 + 150 = 370
Hence, all the three operas should be bundled together.
Answer:
36.84 years and 31.82 years
Explanation:
In this question ,we applied the rule no 70 which means we get to know the estimated number of years for doubling the real GDP
In the first case, the estimated number of years
= 70 ÷ average annual growth rate
= 70 ÷ 1.9%
= 36.84 years
In the second case, the estimated number of years
= 70 ÷ average annual growth rate
= 70 ÷ 2.2%
= 31.82 years
Answer: It says goals can be classified as : futuristic,psychological, or educational (then ) , recreational , occupational, or personal
this is the correct answer
Explanation: