Why are celebrities endorsed brands more expensive?

Q: Elasticity

A: Elasticity is the responsiveness to change. In this case, it is the willingness to take a loan to a…

Q: Can a company like Priceline.com sell low-priced items such as groceries and telephone calls?

A: Meaning of Cost: The term cost refers to the situation under which a firm occurs various expenses…

Q: Why is the cost of serving a long-standing customer far less than the cost of acquiring a new…

A: Customer retention signifies the process by which business firms are able to retain its clients for…

Q: Why More Sales Don't Always Mean More Profit?

A: More Sales Don't Always Mean More Profit because: Sometimes to increase the sales firms cut down the…

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: What is the decision facing alibaba?

A: Alibaba is the largest e-commerce company in the world. It is currently facing multifaceted…

Q: How Supplier relationship will affect the hospitality industry?

A: It is crucial to realize that the hotel business runs on a very distinct set of principles than…

Q: Discuss the factors that led to the consumer movement and list some of its results.

A: The consumer movement refers to a social movement, led by consumer organisation to ensure protection…

Q: Why would consumers knowingly buy counterfeit luxurybrands?

A: Consumers buy products that producers produce. Some products are necessities, some are for fun, some…

Q: I want quickly

A: Economic profit=Revenue-(explicit+implicit cost) =1,35,000-(30,000+40,000+10,000+20,000)+(15,000)…

Q: In what situation would a company give a discount?

A: Company is a profit making as well as employment generating organization. It provides the consumers…

Q: Differentiate between utlilty,stisfaction,value and price

A: The study of Economics deals with the allocation of goods and services so as to satisfy maximum…

Q: Elasticity

A: Elasticity refers to the % change in quantity demanded due to % change in price. It is the…

Q: How do you think the supply chain expanded into an online business can improve the performance of…

A: A digital supply chain can assist an organization with reinforcing its plan of action (for instance,…

Q: why supplier is important for any organisations?

A: A supplier is an individual or a firm that provides a good or service to another economic activity…

Q: Carter wants to save up some money and decided to sell lemonade. He wants to figure out what's the…

A: A person start a business to earn profit. The main purpose of a firm is to maximize its profit. The…

Q: Name two types of consumer market

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: According to a consumer sentiment report, buyers are likely to buy cheaper brands or lower variants…

A: Presenting the collected data in a meaningful way is essential to understand the concerned subject,…

Q: Which is NOT the stage that customers go through in the process of adopting a new product?

A: The 5 stages are: product awareness, product interest, product evaluation, product trial, and…

Q: Best choice

A: Market demand refers to the collective demand of all the goods and services in the market at any…

Q: Analyze the effect of cosmetic industry in the economy of Pakistan? What are the effects of this…

A: Industries that are established in a country contribute a significant amount of revenue to the…

Q: Discuss why packaging is considered as an important part of the product offer?

A: First impressions are crucial, and your packaging is often a consumer's first encounter with your…

Q: Explain three ways consumers rely on social media to make buying decisions.

A: Social media is a new component for organizations to create new marketing strategies. two third of…

Q: The question asked for percentage and not price. Can you explain how to get to the percentage?

A: The demand function gives a functional relationship between prices and quantity demanded. It is…

Q: See the attached while helping me determine?

A: Velocity of money = GDP/Money Supply 3 = 900/Money Supply Money Supply = 900/3 = 300 OPTION E…

Q: Identifying complements and substitutes.

A: The economics is a social science which would result in the production of the various goods and…

Q: Where does Mark Dean call home

A: Mark Dean is known as one of the fathers of the personal computer

Q: How can our customers influence us?

A: A customer refers to any person who buys a good or service from a business. Any business is based on…

Q: Why would a company ever want to sell its goodsor services for less than they cost to produce?

A: Business is important all around the world. For the functioning of business, four factors of…

Q: The profit maximizing combination of two products is found where?

A: A Production Possibility Curve (PPC) is a graph that shows all the possible combinations of two…

Q: When testing the appeal of a new product it is best to use: a focus group your own e-commerce site

A: Product Testing, likewise called shopper testing or relative testing, is a course of estimating the…

Q: Find and describe an example of online price tracking tool for consumers.?

A: A price tracker is a technological solution that helps wholesaler, retailers and manufacturers to…

Q: Q1: Why do the companies change their products every time?

A: Companies change their product in order to sell more.

Q: How should salespeople and their tasks be structured?

A: ​Sales people are the one who directly deals with the customers and persuade them to buy the goods…

Q: What makes the customer experience and loyalty of shoppers at Trader Joe’s unique?

A: Trader Joe is truly one of a kind. It has an unique approach to shopping as it tends to regularly…

Q: What are the Factors Affecting Consumer Decision Making?

A: A consumer is an individual or household who seeks to maximize his/her utility given his/her income…

Q: How difficult was it to find the product you wanted?

A: To find a product, a consumer initially has to see his budget or income which he can spend on the…

Q: What is the maximum daily revenue? and how much should the retailer charge in order to maximize…

A: Maximum daily revenue: As the name suggests maximum daily revenue is the maximum revenue that can be…

Q: What is your average direct sale price to Online consumers? How is your average different than the…

A: ANSWER   Price competition occurs when two products that are basically similar are appraised by…

Q: Conditions for market effiency

A: Market efficiency not necessarily be market price be equal every point of time. it should be free…

Q: Roberta Y Clothing C. Anta X Food

A: In the commodity as well as factor market, the Edgeworth box is used to find out the contract curve.

Q: Do more sales bring more profits?

A: The firm would result in the motive of sales maximisation and the profit maximisation. The sales…

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…