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Q: Does bait and switch help draw consumers to a product?
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Continue Learning about Economics

Draw a circular flow model of economics?

Draw and explain circular flow model


Draw a demand curve illustrating price inelastic demand and explain how the curve relates to the definition of price elasticity of demand?

A perfectly inelastic demand curve will be completely horizontal and means that consumers would any price for a particular good, which is almost impossible. The closer to being horizontal a demand curve is, the more inelastic the demand.


What factors should a firm consider before dropping a product-line?

the firm needs to decide one thing only: is it in its best financial interest? Of course this can be separated into long term and short term best interest. Factors which need to be considered long term: is this a marketing tool?, does it draw people in who buy other products?, Does it help or hinder our long term image or reputation? What is the long run market for this product going to look like? Short run factors for consideration: Is this product profitable, and if it is not is this because of the way our accountants have allocated fixed overhead to the product various product lines?, Is continuing this product the best available use of our resources? Is this product consuming a scarce resource which could be used to make other things? Are our production resources a sunk cost? Profitablility is the most important part of the consideration and can be "played" with. That is, some product lines will look less profitable than others based on the way the accountants have chosen to allocate the overhead. Also, if most of the production materials are sunk then it makes sense to continue producing because there is little differential cost to making additional units.


How do you do a hypothetical economy graph?

Draw a graph representing a hypothectical economy


What has been the main draw back of globalization in the US?

Wage reductions

Related questions

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linear mime is when you draw somwthing the use it. e.g. i draw a tv then switch it on linear mime is when you draw somwthing the use it. e.g. i draw a tv then switch it on


What are the release dates for Quick Draw McGraw - 1959 Baba Bait From Ape to Z Zoom-Zoom Blabber 3-3?

Quick Draw McGraw - 1959 Baba Bait From Ape to Z Zoom-Zoom Blabber 3-3 was released on: USA: 29 September 1961


Why draw when you are doing a textiles course?

becasue you need to draw sketches of the product that you are going to create.


Who benefits the radio?

The advertisers, who pay the owners of the station for minutes and half-minutes in which to run their commercial announcements, benefit the radio stations. The owners of the station sell a product to their customers. Their customers are the commercial advertisers. The product is your ears, backed occasionally by your conscious attention. The music, news, weather, sports, and talk are the bait used to draw your interest to that station instead of another one.


What does it mean when you are asked to draw a supply chain management?

inventory management at both suppliers and consumers end


How does the marketing of service differ from the marketing of goods?

Marketing services can sometimes be more difficult than marketing goods because you do not have a tangible item to show consumers. You must create a sense of worth for an intangible service. Essentially, you must draw a picture of what you offer to the consumer, so communication is key to successfully portraying your offerings to consumers. Marketing goods is easier because you have a product that you can show the customer, and can use that product to exemplify what you are trying to sell them. http://bit.ly/1hl88QX


Draw a flow chart to print the product of 1st 10 even no?

no


How do you draw an array to find the product of 4 multiplied by 5?

25


How does marketing cars differ from marketing service?

Marketing services can sometimes be more difficult than marketing goods (like a car) because you do not have a tangible item to show consumers. You must create a sense of worth for an intangible service. Essentially, you must draw a picture of what you offer to the consumer, so communication is key to successfully portraying your offerings to consumers. Marketing a car is easier because you have a product that you can show the customer, and can use that product to exemplify what you are trying to sell them. http://bit.ly/1hl88QX


Draw the structures of ribose?

write structure of oxidation product of D-ribose?


What is diagram and explain The classical curve of economics?

How do you draw the total product Curve:


Fish don't like my body odor what can I use on my hands before baiting my hook with live bait?

Some people spray WD40 oil on lure's they say it draw's the fish in with the smell. Why dont u try spraying WD40 oil on your hands before u bait the hook.