Suppose the demand curve for a product is given by Q=10-2P+Ps1, where P is the price of the product and Ps is the price of a substitute good. the price of the substitute good is $2.00.

a. Suppose P=$1.00, what is the price elasticity of demand? what is the cross-price elasticity of demand?

b. Suppose the price of the good, P, increases to $2.00. Now, what is the price elasticity of demand, and what is the cross-prices elasticity of demand?

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

Which of the following would classify as a general education requirement

Tl & co. is following a related-linked diversification strategy, and soar inc. is following a related-constrained diversification strategy. how do the two firms differ from each other? a. soar inc. generates 70 percent of its revenues from its primary business, while tl & co. generates only 10 percent of its revenues from its primary business. b. soar inc. pursues a backward diversification strategy, while tl & co. pursues a forward diversification strategy. c. tl & co. will share fewer common competencies and resources between its various businesses when compared to soar inc. d. tl & co. pursues a differentiation strategy, and soar inc. pursues a cost-leadership strategy, to gain a competitive advantage.