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How might advertising lead to a shift in the
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- how does advertising affect price elasticity?You are a manager of an advertisingcompany. The company is running short offunds, so you decide to increase revenue.Should you increase or decrease the price ofrunning ads? Explain.Which of these is likely to be an effect of advertising? Shifts out the demand curve Shift out the supply curve Shifts out and rotates the demand curve All the other answers are wrong
- Explain why the advertising elasticity of the market demand for beer may be less than the advertising elasticity of the demand for one particular brand.You are a manager of an advertising company. The company is running short of funds, so you decide to increase revenue. should you increase or decrease the price of funning ad? explainWhy may a company intentionally limit supply when consumers want more of a product?
- In which type of market, monopolistic or competitive market, is the equilibrium market price lower? Why?In what situation would a company give a discount?In a small town, there are two bakeries that produce similar types of bread. Bakery A has been in business for several decades and has a loyal customer base. Bakery B is a new entrant in the market, offering similar quality but at slightly lower prices. As a result, some customers have started shifting their purchases to Bakery B. Question:How does the concept of price elasticity of demand apply to the situation between Bakery A and Bakery B, and what factors might influence consumers' decisions to switch their bread purchases?
- Which one of the following factors does not shift the demand curve for a product to the right?(A) to advertise successfully(B) fall in the price of its complements(C) increase in the price of its substitutes(D) fall in the price of the product itselfPlease dont use any ai tool.Why do suppliers want to create more inelastic demand relationships in the products that they sell?Snooki, a new marketing intern, was a little scatterbrained during the first meeting with her manager, when she made four statements about pricing. Which one of her four statements about pricing was correct? a. A product with an elastic demand is likely to face little competition. b. An EDLP retailer offers many price promotions. c. A product with an elasticity of demand of -0.7 will enjoy increases in revenue when prices are cut. d. Cost-plus pricing is not the perfect pricing strategy because the pricing method ignores customers’ willingness to pay and competitors’ pricing strategy.