Answer:
C. the percentage change in quantity demanded divided by the percentage change in price
Explanation:
The term price elasticity of demand describes the responsiveness of goods and services to changes in price. A product or service has an elastic demand if a small change in its price causes a considerable change in its quantity demanded. Inelastic demand is when a price change has no big impact on quantity demanded.
Price elasticity of demand is expressed as the percentage change in quantity divided the percentage change in price. Depending on the results obtained through the division, priced electricity of demand can be categorized as perfectly elastic, unitary, elastic, inelastic, or perfectly inelastic.
Answer:
d. Google Ads gives you control over your budget.
Explanation:
As the services work with daily budget the company can chose every day to change the amount of advertizement into the campain Making more ads at lauch and then decreasing overe the following days.
This is not posible in other methods as the radio fee or TV fee are purchase per broadcast or per month thus, the company either pays the fee or the product doesn't get the add.
On gogle add the company decide the amount. Which clearly is a better deal for small and medium firm and even larger firm as well.
D) an individual purchases a brand new car to drive
Answer:
Paul's major part of assessment is of the target markets. So, he is about to write about:
A. Environmental analysis
Explanation:
In the question given:
Paul is an owner of a retailer store and mostly sells all the local products which are being supplied by the farmers and also some small food items and beverages businesses are being done in his store.
He carries a personality and believes in himself that he can become very much successful and so he had built many partnerships with different players in the industry.
He keeps a nice behavior with his customers and so they frequently visit his store for buying the products and become his loyal customers.
The problem which he is facing with his business is that there are many people who do not realize their is a store which exists so to spread awareness and to attract them towards his company he thought of a plan which is to write a marketing plan that will outline his marketing activities he will require to take down to enhance and attract the customers.
So, he is at a stage where he is gathering informations about the situation of the firm with respect to the market.
So, Paul's major part of assessment is of the target markets. So, he is about to write about:
A. Environmental analysis