If the price elasticity of demand for a good is 5, then a 10 percent increase in price results in a a. 0.5 percent decrease in the quantity demanded. b. 2 percent decrease in the quantity demanded. c. 5 percent decrease in the quantity demanded. d. 50 percent decrease in the quantity demanded.

Which external factor has enabled addition of special effects in advertisements and tracking of responses of customers over websites?

You are a team of marketing consultants. it is 2008 and the great recession has struck. one of your clients is whole foods market (sometimes known as whole paycheck). wfm has come to you and asked for strategic advice on how to adapt their product and pricing strategies in light of the economic downturn: 1. advise wfm on the various approaches that could be taken to reducing price. be sure to consider potential psychological impact of price reductions on wfm consumers. 2. based on the options outlined in part 1, recommend an approach and support with marketing theory.

What are the business benefits of using intelligent techniques for knowledge management? define and compare an expert system, knowledge management system, and decision support system and explain how each can provide value to your organization?