10:02 0 Today
During the year to 31
December 2019 the
following total
transactions occurred:
1. Mary withdrew a
total of
Sh.10,000.00 in
cash
2. Stock in trade was
bought, all on
credit, for
Sh.34,000.00
3. Sales were made
totaling 60,000.00
of stock in trade
which had cost
Sh.37.000.00. Of
these sales Sh.51.
000.00 were on
credit and Sh.9,
000.00 for cash
Send​

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?