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Q: Describe a consumer product that you think is particularly vulnerable to substitution if you were a marketer for that product what steps must you take to defend your product's position?
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Related Questions

At the point of consumer equilibrium the slope of the budget line is equal to the?

Marginal rate of substitution


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Describe the interrelationship between consumer behaviour and the marketing concept


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the the change in price of a commedity, consumer will buy other good intead


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Substitution effect


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Marginal rate of substitution is the unit of good a consumer is willing to give up to get more of another good while remaining equally satisfied. Marginal utility is the additional satisfaction a consumer gets by consuming one more of the good


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chnage in consumer's equilbrium due to change in income of the consumer..known as income effect.


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I would describe a llama as a grazing animal from South America.


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The plant is a producer and the deer is a consumer.


Was the dead sea parted in the bible?

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