subject
Business, 20.08.2019 17:30 2sally2

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: splishy splashies, flopsicles, and kipples. 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 splishy splashies decreases by 4%, the quantity of flopsicles sold increases by 5% and the quantity of kipples sold decreases by 5%. your job is to use the cross-price elasticity between splishy splashies and the other goods to determine which goods your marketing firm should advertise together. complete the first column of the following table by computing the cross-price elasticity between splishy splashies and flopsicles, and then between splishy splashies and kipples. in the second column, determine if splishy splashies are a complement to or a substitute for each of the goods listed. finally, complete the final column by indicating which good you should recommend marketing with splishy splashies. relative to splishy splashiesrecommend marketing with splishy splashiescross-price elasticity of demand complement or substituteflopsicles kipples

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 15:30
Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. this is an example of a. extrinsic value b. interests c. intrinsic value d. external value
Answers: 2
question
Business, 22.06.2019 16:40
Match the situations that will develop one's personality and those that won't peter is surrounded by friends who are always encouraging him jonathan always watches television when he wants to take a break from his books libby sets small targets for herself and strives to achieve them. the smiths indulge in an animated discussion on varied topics every evening after dinner. brook loves junk food and exercises once in a while. develops your personality develops doesn't develop your personality
Answers: 2
question
Business, 22.06.2019 20:20
Amanager of a store that sells and installs spas wants to prepare a forecast for january and june of next year. her forecasts are a combination of trend and seasonality. she uses the following equation to estimate the trend component of monthly demand: ft = 30+5t, where t = 1 in january of this year. seasonal relatives are 0.60 for january and 1.50 for june. what demands should she predict for january and june of next year
Answers: 2
question
Business, 22.06.2019 22:00
The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.
Answers: 3
You know the right answer?
Substitutes, complements, or unrelated? you work for a marketing firm that has just landed a contrac...
Questions
question
Mathematics, 10.11.2019 20:31
question
Mathematics, 10.11.2019 20:31
question
Mathematics, 10.11.2019 20:31
question
Mathematics, 10.11.2019 20:31
question
Mathematics, 10.11.2019 20:31
Questions on the website: 13722363