subject
Business, 01.07.2019 18:30 cearp

8. substitutes, complements, or unrelated? you work for a marketing firm that has just landed a contract with run-of-the-mills to them promote three of their products: guppy gummies, flopsicles, and cannies. all of these products have been on the market for some time, but, to entice better sales, run-of-the-mills wants to try a new advertisement that will market two of the products that consumers will likely consume together. as a former economics student, you know that complements are typically consumed together while substitutes can take the place of other goods. run-of-the-mills provides your marketing firm with the following data: when the price of guppy gummies decreases by 5%, the quantity of flopsicles sold increases by 4% and the quantity of cannies sold decreases by 5%. your job is to use the cross-price elasticity between guppy gummies and the other goods to determine which goods your marketing firm should advertise together.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 05:50
Which is one solution to levy the complexity of the global matrix strategy with added customer-focused dimensions?
Answers: 3
question
Business, 22.06.2019 06:30
Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication
Answers: 2
question
Business, 22.06.2019 13:30
On january 2, well co. purchased 10% of rea, inc.’s outstanding common shares for $400,000, which equaled the carrying amount and the fair value of the interest purchased in rea’s net assets. well did not elect the fair value option. because well is the largest single shareholder in rea, and well’s officers are a majority on rea’s board of directors, well exercises significant influence over rea. rea reported net income of $500,000 for the year and paid dividends of $150,000. in its december 31 balance sheet, what amount should well report as investment in rea?
Answers: 3
question
Business, 22.06.2019 19:50
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
You know the right answer?
8. substitutes, complements, or unrelated? you work for a marketing firm that has just landed a con...
Questions
question
Mathematics, 03.01.2021 01:10
question
Mathematics, 03.01.2021 01:10
question
Arts, 03.01.2021 01:10
Questions on the website: 13722367