8unax a. Customer satisfaction is marketer's goal b. Customers' needs have to be understood by marketers c. Customer's needs must be fulfilled d. All are true
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- If demand is flat, then Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a b C d an increase in price will reduce total revenue, indicating little pricing power. an increase in price will increase total revenue, indicating little pricing power. a decrease in price will reduce total revenue, indicating a lot of pricing power. a decrease in price will have no effect on total revenue, indicating no pricing power. Your answer1. List 10 new market demand that people need in their lifestyle.How does shoppee and lazada compete in the market?
- If you wanted to increase demand for your restaurant butare unable to lower prices or increase advertising, whatsteps might you take?What is the profit maximizing combination of prices of vegetables sold double to $50? What is the profit maximizing combination of price the fruit sold decreased to $12?Does the image of a retail outlet affect the image ofthe brands it carries? Do the brands carried affectthe image of the retail outlet?
- Supply and Demand The table below gives thequantity of graphing calculators demanded and thequantity supplied for selected prices.a. Find the linear equation that gives the price as afunction of the quantity demanded.b. Find the linear equation that gives the price as afunction of the quantity supplied.c. Use these equations to find the market equilibriumprice.What is the likely demand for the product?On a supply-and-demand diagram, show equilibrium price, equilibrium quantity, and the total revenue received by producers.
- BAD Enterprises is considering increasing the price of its harmonicas, currently $20, by 25 per cent. BAD’s current revenue is $12,000 a month, and the PED for its harmonicas is estimated to be -1.8. a. Calculate the effect of the price change on BAD’s revenue. b. BAD now considers increasing its advertising budget to restore its sales revenue to its previous level. BAD is currently spending $1,500 a month on advertising and estimates its AED to be 1.5. What will its new budget have to be? c. What can you say about what will happen to profit in both (a) and (b) compared with the original level of profit?Explain DEMAND CURVE AND DEMAND SCHEDULE FOR GOURMET COOKIES?Demand and Supply, Offer Curves