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When would you want to own a business that sells price elastic products?
You would want to own a company that offer price elastic products when there are no close substitutes. Although customers will respond to changes in price, they won't be able to substitute another product for yours.
When would you want to own a business that sells elastic products?
When the economy snaps back.
Why do firms try to sell more products or to sell them at higher prices?
To increase revenue. Revenue = Price x Quantity sold. So if a firm sells more products and/or sells products at a higher price, revenue will increase.
Advantages and disadvantages of a market economy?
Advantages: competition sells products at the lowest price and the best qaulity good Disadvantages: No government involved means some products could be harmful to people
What is a price searcher in economics?
A monopolist is a Price Searcher. A price searcher is a seller (buyer) that can influence price by the amount that he or she sells (buys). In contrast to a price taker, a price searcher can raise its price and still sell its product, although not as many units as it could sell at a lower price. Firms in price-searcher markets are free to set price, but face strong competitive pressure, their competitions exists from existing firms and potential rivals. An alternative term for such markets is monopolistic competition. I found that price searchers produce differentiated products, products that differ in design, dependability, location, ease of purchase, etc.
When would you want to own a business that sells price elastic products?
You would want to own a company that offer price elastic products when there are no close substitutes. Although customers will respond to changes in price, they won't be able to substitute another product for yours.
When would you want to own a business that sells elastic products?
When the economy snaps back.
What is Business to business marketing?
Business to business marketing is when one company sells there products to another company and that sells them to consumers. For example; a sock company makes socks and then sells them to WalMart who then sells those socks to its customers.
What type of commerce occurs when a business sells its products over the internet to other business?
B2b
What is a product range?
a product range is the amount of products a business sells
Where could one purchase Studer products?
Amazon sells a variety of Studer products for an affordable price, but Universal Audio sells Studer products in top condition and has had many buyers.
Why do producers sells more products when the price is high?
To earn more profit
Why do firms try to sell more products or to sell them at higher prices?
To increase revenue. Revenue = Price x Quantity sold. So if a firm sells more products and/or sells products at a higher price, revenue will increase.
Is Peter Pan peanut butter out of business?
No, it still operates and sells products.
What website contains content that promotes or sells products or services?
Business/Marketing
What is a homonym for the words sells?
sells (noun)- something that's sold- "The new products were tough sells." sells(verb)- trade something in exchange for money- "She sells old comics for a low price."
What is an arrangement in which one business sells another business the right to use its name and sell its products in a certain area?
merger
