What would a competitive retailer have to do to get your patronage?

1 answer:

4 0

For a competitive retailer to get a consumer's patronage, they should implement strategies of attracting their consumers of which will likely gain their support and make their consumers many than of their competitors. An example of this is by having to offer discounts in means of attracting other consumers to buy their products as a means of having to gain their support.

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A person who is currently unemployed is probably in which level of Maslow's Hierarchy?

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Answer:

The answer is: E) None of these.

Explanation:

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A multinational corporation usually has branches or subsidiaries. All we know about Carrie´s Car Care is that it makes some money outside the US, but we don´t know how. Maybe they simply export 25% of their products or maybe they are a huge multinational corporation. Not enough information.

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Assume that when the price of cantaloupes is $2.50 the demand for cantaloupes is unit-elastic, and that the demand curve for can

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Answer:

The correct answer is option A.

Explanation:

The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.

In this linear demand curve the lower portion will represent inelastic demand.

When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.

So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.