A direct inducement that offers an extra value or incentive for the product to the sales force, distributors, or the ultimate consumer with the primary objective of creating an immediate sale. As an intellectual and dynamic marketer of Singer Bangladesh Limited, explain with appropriate examples, what promotional tools you will throw to promote your Television in the rural areas of Bangladesh and how?
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“A direct inducement that offers an extra value or incentive for the product to the
sales force, distributors, or the ultimate consumer with the primary objective of creating
an immediate sale. As an intellectual and dynamic marketer of Singer Bangladesh
Limited, explain with appropriate examples, what promotional tools you will throw to
promote your Television in the rural areas of Bangladesh and how?
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- Greentech- a high technological pharmaceutical company, has developed a clot-dissolving drug called TPA that will halt a heart attack in progress. TPA saves life, minimizes hospital stays, and reduces damage of the heart itself. It is priced at $ 2,200 per dose. What pricing approach does Greentech appear to be using? Is demand for this drug is likely to be elastic with price? Note: Please answer the question with points and exampleUrgent needed within 30minThe demand for Amazon 's Kindle e-reader can be approximated by q(p)=21e−0.01pmillionunitsperyear(50≤p≤400), where p is the price charged by Amazon. Obtain a formula for price elasticity of demand E, and calculate its value at the two endpoints of the given range of prices. Is the price that would maximize annual revenue within the range of prices shown? How would you know this without calculating that price?How did the market for milk get impacted as COVID induced lockdown started in the U.S. in mid-March 2020? Be sure to state how the demand and supply curves and elasticities changed or shifted if at all?
- b) The price elasticity of demand for urban transit fares has been estimated to liebetween -0.1 and -0.6. Based on these results, what is the economic argument for raisingtransit fares? What political arguments might local governments and transit authoritiesencounter in opposition to these economic arguments?Suppose that you own a local chain of 10 grocery stores that sell oranges. (Assume that the grocery stores are all the same in terms of customer composition, products sold, etc.) You are interested in determining whether or not you are maximizing revenue on the oranges you sell. Devise a plan to calculate the arc elasticity of demand for the oranges. What data would you need? How could you get that data? How do you use the raw data to tell you if you’re maximizing revenue?In this time of pandemic, the demand of some products increased rapidly. Give examples ofthese products where the demand increased. Did the supply correspond with the increasingdemand of these products? What solutions were made to satisfy the increasing demand of theseproducts?
- a)The CEO of Globe Movie Theatre Limited has hired you as a consultant to advise on the ticket-pricing strategy. As a basis of your recommendations, you consider the historical ticket-sales data which seems to suggest the following ticket-sales elasticities: Own-price elasticity = -0.05 Refreshment price elasticity = -0.12 Nairobi population elasticity = +0.67 Advertising elasticity = +0.70 i)The CEO is contemplating a moderate increase in ticket prices in order to increase revenue. Explain whether this is a good idea. ii)The CEO is contemplating a moderate increase in the advertising budget in order to increase revenue. Is this a good idea? Explain. If the population of Nairobi increased from 2million to 2.2million in the next one year, what would be the resulting impact on ticket demand? Assume…Q2. Suppose the government wants to reduce the consumption of alcohol in the market byintroducing a tax per bottle on the supplier's side. The government does not know what thedemand curve looks but knows that prior to the tax, the equilibrium is at point E1, for all theconsumers in the market. Suppose there are two scenarios of alcohol consumers in the market: i) an extremely inelastic demand curve for additive adult drinkersii) a demand curve that is moderately elastic for young drinkers Please show your answer directly to a well labeled figure and explain what would occur underthese two scenarios after adding the tax on the supplier's side, and on which scenario groupthis tax would best work for the government's objective?In Class, 10–25 Minutes for Teams For each of thefollowing products, determine at least three differentprices that might be charged. Then survey each of theindividuals within your group to find out how much ofeach product they would buy at each price point foreach of the products. For each product, calculate theprice elasticity of demand to determine whether thedemand is elastic or inelastic.a. Cheese pizzas per monthb. Movie tickets per monthc. Concert tickets per year
- Suppose tuition fees for a university increase from £3,000 to £9,000. Afterthe increase, enrolment drops by 5%.a) Calculate the price elasticity of demand for education at this university.Explain.b) Do tuition revenues at this university increase or decrease following thetuition fee change? How is this related to the price elasticity of demand foreducation at this university? Explain.c) Focusing on welfare (private and social costs and benefits), give the maineconomic argument(s) as to whether the government should subsidizehigher education or not, and if so by how much. Provide sufficient detail for your argument(s).d) In some countries higher education is provided free of charge to allstudents. Does this make such higher education a public good? Explain.e) Explain why setting up a cartel and maintaining collusion may be difficultin general.f) Explain how a maximum tuition fee of £9000 imposed by the government may facilitate collusion between universities.Suppose the own price elasticity of market demand for retail gasoline is -0.9, the Rothschild index is 0.6, and atypical gasoline retailer enjoys sales of $1, 200, 000annually. What is the price elasticity of demand for arepresentative gasoline retailer's product? Instruction:Enter your response rounded to two decimal places. Ifentering a negative number, be sure to use thenegative (-) sign.The estimated monthly sales of Mona Lisa paint-by-number sets is given by the formula q = 95ep − 3p2⁄2, where q is the demand in monthly sales and p is the retail price in hundreds of yen. (a)Determine the price elasticity of demand E when the retail price is set at ¥300. E = Interpret your answer. The demand is going by % per 1% increase in price at that price level. Thus, a large price ___ is advised. (b)At what price will revenue be a maximum? (Round your answer to the nearest integer.) yen (c)Approximately how many paint-by-number sets will be sold per month at the price in part (b)? (Round your answer to the nearest integer.) paint-by-number sets per month