Define supply, demand, prices and marketing. and explain the relationship between these concepts.

Q: Pick three products you use every day (in school, at work, or for pleasure—perhaps one of each).…

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Q: Information  about Competitive market

A: Perfect Competition(PC) is the structure of a market where all the producers produce similar and…

Q: how does advertising affect price elasticity?

A: It is difficult to predict consumer demand, which fluctuates frequently. Economists use the word…

Q: Small businesses typically do not observe the demand curves for the products they sell. For example,…

A: A commerce which functions on a small range level involves fewer wealth ventures, fewer numeral of…

Q: More new brands of notebook computers are now available to consumers. Explain the effects on the…

A: The computers of new brands are substitutes for Dell Computers.

Q: If you want to increase demand for your restaurantbut are unable to lower prices or increase…

A: As it is given in the question, a restaurant does  not have more funds to advertise higher level and…

Q: One of the main objectives for firms is profit maximization. (a) Explain, using diagrams, how…

A: Firms working in the market targets maximize the profit. Market structure is classified on the basis…

Q: Write a note on economics of distillation.

A: Economics  Economics is the study of production growth and welfare through time, as well as a wide…

Q: Can you give some answers to the factors that affect the supply and demand in the restaurant…

A: Demand is the total quantity of goods or services demanded by people in the economy at the going…

Q: How might advertising lead to a shift in the demand curve

A: Demand curve is a downward sloping curve that depicts the negative relationship between the price of…

Q: One of the main objectives for firms is profit maximization. (a) Explain, using diagrams, how…

A: Price setting firms are generally in a monopoly market structure with single producer whereas price…

Q: In most markets, independents are the most common form of retailer. Why is this the case?

A: There are various types of market where Retailer , wholesale sale their products either homogeneous…

Q: There are several hamburger shops around you. You are trying to find ways to make your hamburger…

A: A monopolistically competitive firm will look to differentiate its product from its competitors as…

Q: Discuss the price elasticity of liquor products of.a liquor company. Explain how the company's…

A: Price elasticity of demand measures the responsiveness in quantity demanded of a commodity to a…

Q: Describe how your restaurant would maximize its short-run profits.

A: When an individual wants to open a business, his primary aim is to earn profit and maximize it by…

Q: You decide to create a burger restaurant named BurgerDeals to help pay for college fees. The table…

A: The total fixed cost is the cost which remains same irrespective of output. Therefore in the…

Q: The Cowtown Hotel is the only first-class hotel in Fort Worth, Texas. The hotel owners hired…

A: The price elasticity of demand plays an important role in determining the total revenue. It measures…

Q: How does the goal of the firm influence the sales maximization and profit maximization decision.

A: # Firm has priorities based on whether to maximize profits or maximise it's sales.

Q: In a competitive market, are market supply curves typically more elastic in the short run or in the…

A: Elasticity of supply refers to percentage change in quantity supplied with respect to percentage…

Q: What determining factor do buyers use to select products in a pure competition market? A. Brand B.…

A: Pure competition is a market system in which several firms compete for the same clients. The optimum…

Q: Think about the following categories: number of firms, type of product, pricing, market knowledge,…

A: The market is a location where the transaction of services and commodities takes place. It is…

Q: what market structure is The consumer electronics market. explain

A: The market structure is solely controlled by the market force. If the market forces are met then…

Q: If pepsi bought out coca-cola and cokes family's to form one large mega company what would happen to…

A: A perfect competitor is a price taker and has no control over the prices of the commodity it sells…

Q: Peers, culture, advertising and even confusion can be considered forms of: Supply Demand Influence…

A: Demand and supply may get influenced by many factors. Peers may influence demand by making someone…

Q: Discuss the different types of markets. what are the key forces driving the new marketing…

A: Market structure is defined as how many firms are operating in the market and how much market share…

Q: Explain the growth vector matrix and draw the matrix Draw the demand curve and explain the effect of…

A: a) The growth vector matrix shows the ways a business can go based on its existing product-market…

Q: The pie chart below shows the percentage of total revenue that a publisher receives from various…

A: The total revenue refers to the total receipts earned by a producer from the sale of its products.…

Q: Discuss how economic forces such as macroeconomic conditions and consumer income affect marketing.

A: Macro economic environment The macro-environment is a broader term that refers to the economic…

Q: How can the marketing mix can be used to implement the marketing concept ?

A: answer    the marketing mix can be used to implement the marketing concept

Q: You are a manager of an advertising company. The company is running short of funds, so you decide to…

A: Total Revenue: The term total revenue refers to the total earning that is generated by the company…

Q: Are market supply curves typically more elastic in the short run or in the long run? Explain.

A: Market supply curves tend to be more elastic in the long run. In the short run supply does not…

Q: Think about the definitions of competition and consumer sovereignty in economics. How could we get…

A: Competition is the practice where more than one producer compete in the market with the other…

Q: Given a description of a company's marketing mix, classify the elements of the marketing mix and the…

A: Marketing relates to practices that a corporation undergoes to facilitate the acquisition or…

Q: Describe the major retailer marketing decisions?

A: Retailer Marketing Decision: The decision of the retailer changes in the environment of the market,…

Q: Outline the economic factors that affect marketing decisions and consumer buying power.

A: There are many economic factors that affect the marketing decisions of a firm such as unemployment…

Q: Thinking Through Marketing Strategy Pretend that you are the Chief Marketing Officer at Alibaba.…

A: 1.Target Market Alibaba can target two commercial centers in America which incorporate the worldwide…

Q: People usually interchange "brand" and "product" in their daily conversation. As a marketing…

A: A product is created by a corporation and can be purchased by a consumer in return for money, but…

Q: Evaluate the key marketing issues and their implications.

A: Implementing a marketing plan can boost corporate profitability. The marketing strategy focuses the…

Q: what are the reason why business sell their products on a discount?

A: Offering discounts on buys is an approach to rapidly bring individuals into your store. Whenever you…