When the price goes down - Study guides, Class notes & Summaries

The Law of Demand Correct Answer-as price increases, quantity demanded decreases. If price decreases, quantity demanded increases. The Law of Supply Correct Answer-producers offer more of a good as its price increases and less as its price falls. Demand Scheduled Correct Answer-Shows relationship between price & quantity demanded Equilibrium Correct Answer-When the demand and supply curves intersect. This is the best price to set and quantity to produce. If price goes up, producers w...

WGU D373 Objective Assessment (Latest 2024/ 2025 Update) Marketing in the Digital Era Exam Prep | Questions and Verified Answers|100% Correct| Grade A Q: Who is responsible for ROI? (return on investments) Answer: Chief marketing officer Q: What is the traditional marketing mix? Answer: Product, price, place, promotion Q: What is the expanded marketing mix? Answer: Product, price, place, promotion people,process, physical evidence Q: Strategy Answer...

NRF Customer service exam study guide_ Questions/Answers 2022-23. A good reason for creating an opening for discussion is to: • Break down the customer's sales resistance • Convince the customer how much you know about the product • Get to know what the customer wants A new customer comes into your department, but you are helping another customer. You should: • Focus all your attention on your current customer • Let the new customer wait his turn until you have complet...

CHAPTER 3—ANALYSIS OF FINANCIAL STATEMENTS TRUE/FALSE 1. Ratio analysis involves analyzing financial statements in order to appraise a firm's financial position and strength. ANS: T PTS: 1 DIF: Difficulty: Easy OBJ: LO: 3-1 NAT: BUSPROG: Reflective Thinking STA: DISC: Financial statements, analysis, forecasting, and cash flows LOC: TBA TOP: Ratio analysis KEY: Bloom’s: Knowledge 2. The current ratio and inventory turnover ratios both help us measure the firm's liquidity. The current ...

RSK 4802 EXAM PACK 2022 JANUARY /FEBRUARY 2016 QUESTION1.1 ai) Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it. In addition, risk management provides a business with a basis upon which it can undertake sound decision-making. -For a business, assessment and management of risks is the best way to prepare for even...

Internal/External Factors of Price - Answer-Internal Factors of Price: 1. Marketing Objective 2. Marketing Mix Strategy 3. Cost External Factors of Price: 1. Demand for your product. 2. Competition 3. Economy Price Elasticity - Answer-Elastic - Consumers buy more or less of a product when the price changes Inelastic- An increase or decrease in price will not significantly affect demand What happens to price/revenue when the demand is elastic/inelastic - Answer-Demand is... Pr...

ECS1601Test bank with answers Economics, past exam papers Exam-Pack-Index From , assignment 1, assignment 2, .. ..complete solutions 1 ECS1601 TEST BANK Question 1 In the goods market of the circular flow model, …. 1) firms buy factors of production from consumers 2) firms buy finished products from households 3) consumers buy factors of production from firms 4) firms sell factors of production to the government 5) consumers buy finished products from firms The correct...

Lenders require a borrower to establish and maintain a reserve fund to ______. - ANSWER Pay any property taxes in case the borrower misses a payment Brandon recently purchased an old warehouse building. This building will serve as a hub for local deliveries of fruits and vegetables within the state. During its first week in operation, one of the delivery drivers was involved in an accident that spilled coconuts all over the road and shut down the interstate for hours. What type of risk is th...

How is a diamond condition fixed? - ANSWER-By pulling the damage for length. Diamond is a length condition. When measuring a unibody vehicle, it is discovered that the left front rail is 111mm from spec in width. What condition is this? - ANSWER-Width is calculated from the center out, so a value of -111mm on the left rail shows sway to the right and in toward centerline. A collision damaged vehicle is discovered to be down in height at opposite end of the center section. - ANSWER-Twist co...

Ivy Software MBA Prepworks Fundamentals of Economics Exam - Complete Solutions (Answered) The main concept demonstrated in the production possibilities frontier is Opportunity cost When country A has a lower opportunity cost of producing sugar relative to country B, then country A is said to have Comparative Advantage A graph that shows the combinations of two goods that the economy can produce given the available scarce resources and available technology is called a Production Possibilities...