Considering the economic principles

Assignment Help Business Management
Reference no: EM131165756

A marketing executive once said, "If the price elasticity of demand for your product is inelastic, then your price is probably too low." Considering the economic principles discussed in these chapters, what is the executive saying?

Reference no: EM131165756

Questions Cloud

What are potential consequences of communicating message : Stacy is planning a group for older adults and wants to include Alzheimer's patients and well functioning older adults. If you were her supervisor, what might you say to her?
Create a rfp which interested vendors could respond : Assume that you are leading a project that will implement a new course registration system for your university. Create a request for proposal (RFP) to which interested vendors and consultants could respond.
Describe pricing constraints : Variable cost is 3.00..5600.00 fixed cost...average order amount is 7.00.2 page proposal...state problem and solution...increase revenue, decrease expenses..Describe pricing constraints..how many meals sold per month at 7.00 would you need to make..
Prove the hamiltonian closure of simple graph g : Prove that a Hamiltonian Closure of a simple graph G is Hamiltonian if and only if G is.
Considering the economic principles : A marketing executive once said, "If the price elasticity of demand for your product is inelastic, then your price is probably too low." Considering the economic principles discussed in these chapters, what is the executive saying?
What kind of market failure would this be : What kind of market failure would this be? How does this kind of market failure affect the efficiency of the market for power? How does it affect the amount of aluminum produced
What should cloverdale do to correct existing wage inequity : What should Cloverdale do to correct the existing wage inequities? -  How could the company have prevented these problems?
Problem regarding the corporate culture : Choose one of the following companies (or any company that has been in the press) and write a 2-3 page, APA style critical analysis of the ethical issues involved in the case.
Create alternative matrix that compares three package system : Create an alternative matrix that compares three packaged systems (e.g., Quicken, Microsoft Money, Quick Books). Which alternative appears to be the best choice?

Reviews

Write a Review

Business Management Questions & Answers

  What is meant by uncertainty avoidance

What is meant by uncertainty avoidance and what are the elements of risk involved in uncertainty avoidance?

  Write a book report about good to great

Write a Book Report about Good to Great. The book review shoulfd be two-page single space paper. In the review summarize the book "Good to Great".

  Write a positioning statement about yourself to persuade

Write a positioning statement about yourself to persuade your favourite company to hire you

  Significant impact of new public management

Interpret the significant impact of New Public Management on Non-Profit Reform. Next, infer two (2) challenges that are associated with implementing the reform in non-profits. Provide a rationale for your response.

  Mgt - if your market penetration is 90 what does that

mgt - if your market penetration is 90 what does that mean?if your market penetration is 90 what does that mean?too

  Withdraw funds from the account

He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end?

  Explain critical path determines the length of the project

Considering that the critical path determines the length of the project and is the path of activities in the network with the longest cumulative duration is it possible to shorten the critical path and save money?

  Largest nominal box office revenues

The receipts and year of release of the fivemovies with the largest nominal box office revenues, along with the CPI data of each year are presented below.

  Integrated approach to manufacturing chrysler jeep

How has the highly integrated approach to manufacturing Chrysler's Jeep Wrangler in Toledo affected investments made by the focal firm and its suppliers?

  Nine deadly sins of project planning

Now that you have had a chance to read, absorb and comment on the  "The Nine Deadly Sins of Project Planning" in our Week 2 Discussion, for this Assignment we are going to take a more in depth and personal look at the McConnell article.

  To plaintiffs attorney jenny green that argument is red meat

To plaintiffs attorney Jenny Green that argument is red meat

  Question for university commercialization

Universities offer many options for entrepreneurs to grow technologies into businesses. While universities can be a great source for technologies, doing business with them can be challenging. Despite these challenges, there are unique opportunitie..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd