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 70 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
Excellent

LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

Symptoms of kidney problems include a loss of appetite, back pain (which may be sudden and intense), chills, abdominal pain, fluid retention, nausea, the urge to urinate, vomiting, and fever.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Hemiphlebia mirabilis, the Ancient Greenling, is a species of damselfly in family Hemiphlebiidae. Hemiphlebia mirabilis, the Ancient Greenling, is a species of damselfly in family Hemiphlebiidae.
Pseudostigmatidae is a family of tropical damselflies, known as helicopter damselflies, giant damsel Pseudostigmatidae is a family of tropical damselflies, known as helicopter damselflies, giant damsel
five realms of family life five realms of family life
Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ... Abdominal thrusts are delivered with a firm thrust into the patient’s abdomen with an upward ...
An Inkblot Similar to One of the Blots that Appear in the Rorschach Inkblot Test An Inkblot Similar to One of the Blots that Appear in the Rorschach Inkblot Test
Family day 2024 Family day 2024
Video: Exocytosis - secretion

For a complete list of videos, visit our video library