Answer:
B. Both of these techniques can be used to increase the demand for the product.
Explanation:
A catchy brand name and adequate marketing of a product plays a vital role in the relative demand of that product. Coca cola for example has properly advertised its products for decades now and when one thinks of beverage, you think Coke. It's been embedded in ones mind and that is the advantage of proper advertising and proper brand naming.
Explanation:
Recall from the case study that staff motivation has come to a low; most of them <em>"feel distressed". </em>One good quality of a leader is having the ability to motivate his//her employees. Hence, Laura's leadership skills could be most effective by trying to motivate her employees.
Her demanding schedule which requires frequent travel wouldn't allow her to properly manage the entire staff. Hence,<em> she should share her wealth of experience with the two managers, who in turn could then train the five members of staff they manage, by so doing she'll be building upon her leadership skill.</em>
Answer:
Market value
Explanation:
The market value of a product is the price at which a buyer is willing to purchase a good irrespective of prevalent price of a commodity. It is that amount a buyer and seller are willing to strike a deal for given normal market conditions.
In this scenario John originally bought his five years ago for $300,000. Its current value is $350,000. His real estate agent notified him that a buyer just made an offer on his home for $365,000.
Despite the house now being $350,000, $365,000 is the market price at which the buyer and seller are willing to settle.
Even when there is no advertising, consumer taste can still change over time due to changes in A. age and education.
<h3>What leads to a change in consumer taste?</h3>
The age of a person can influence their consumer taste because people of different ages have different interests.
For instance, a child might like a certain type of video games such as low graphic and uncomplicated gameplay games while an adult would prefer high level video games that need to be played on consoles.
The education of a person can also influence their consumer taste.
For instance, an educated person might want less unhealthy food because they know the effects it has on the body while a less educated person might want that unhealthy food because they don't know that they are killing themselves slowly.
Options include:
- age and education
- the total number of consumers
- media influence
Find out more on changes in consumer taste at brainly.com/question/14840248
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