This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When a firm's packages are designed to appear to be quite similar, the firm is using family ... (Read 52 times)

biggirl4568

  • Hero Member
  • *****
  • Posts: 551
on: Jun 29, 2018
When a firm's packages are designed to appear to be quite similar, the firm is using family packaging.
 
 Indicate whether the statement is true or false

Question 2

You are a senior sales and marketing analyst for a major retailing firm in Wyoming. The marketing manager just stopped by your office with a very frustrated look on her face. She tells you that she is confused as to why, every time the company raises the sales price of its products, total revenue for the company declines.
 
 
  Based on this information, which of the following explanations do you give her for why this situation occurs?
 
 
 A) The demand for the company's products is inelastic, so total revenue declines when prices are raised.
  B) The demand for the company's products is elastic, so total revenue declines when prices are raised.
  C) The demand for the company's products is elastic, so unit sales increase when prices are raised.
  D) The demand for the company's products is inelastic, so unit sales increase when prices are raised.
  E) The demand for the company's products is elastic, so fixed costs increase when prices are raised.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

lauravaras

  • Sr. Member
  • ****
  • Posts: 347
Reply #1 on: Jun 29, 2018
Answer to Question 1

True

Answer to Question 2

B


biggirl4568

  • Member
  • Posts: 551
Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

lcapri7

  • Member
  • Posts: 350
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Cancer has been around as long as humankind, but only in the second half of the twentieth century did the number of cancer cases explode.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Various members of the Sciuridae family Various members of the Sciuridae family
Albatrosses, of the biological family Diomedeidae, are large seabirds Albatrosses, of the biological family Diomedeidae, are large seabirds
The mandrill (Mandrillus sphinx) is a primate of the Old World monkey (Cercopithecidae) family,[3] c The mandrill (Mandrillus sphinx) is a primate of the Old World monkey (Cercopithecidae) family,[3] c
GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp GI endoscopy. (a) Similar to other forms of GI endoscopy, laparoscopy involves the insertion of a sp
The blue sticker on the rear of this vehicle indicates that it is designed to use compressed natural ... The blue sticker on the rear of this vehicle indicates that it is designed to use compressed natural ...
Apple's Family Apple's Family
Video: Hormonal regulation of pregnancy - week 1

For a complete list of videos, visit our video library