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What can a company do to decrease price sensitivity?
The main thing that a company does to reduce price sensitivity is advertising to create branding. The brand name is more likely to be able to charge a higher price for the same item, decreasing price sensitivity.
What is micro economic in principle of economic?
Microeconomics is the study of a section of the economy rather than the economy as a whole (which is macroeconomics). Microeconomics is more concerned with the allocation of scarce resources and the elasticity (sensitivity) of consumers and producers at the level of households and firms. In other, more simple words, it is the laws of supply and demand. The study of individual firms and individual households in a market.
Meaning of elasticity?
It measures the sensitivity of one variable with respect to another, e.g. own price elasticity of demand measures the sensitivity of demand for a commodity with respect to its own price.
Why do you need study microeconomics?
You don't 'have' to study anything. You study to grow and learn.
Globalization of world trade has caused which of the following problems?
sensitivity to crisis in other countries that causes a delay in imports
What is Antibiotic Sensitivity?
Antibiotic sensitivity is an evaluation of how effective a given antibiotic is at killing the pathogen that grew in culture. When antibiotic resistance is a problem the sensitivity study helps clinicians choose the right medication.
What Psychological theory can be used to study forgiveness and rejection sensitivity?
Moral reasoning theory by Kohlberg
What is Ditch plate method for sulfa drug?
sulfa drug is an insoluble drug which is not diffused in the agar...so to study the sensitivity of the organisms against the sufa drug, ditch plate technique is used for the sensitivity testing
Which characteristic is shown when a person smells a gas in the air?
Sensitivity
What does a bioligyst do?
biologyst study living organisms, all living organisms do the following Movement Respiration Sensitivity Growth Reproduction Excretion Nutrition
What is sociocultural sensitivity?
what is socio -cultural sensitivity
How do you put sensitivity in a sentence?
Her sensitivity makes her unapproachable.
How can sensitivity be in a sentence?
We must be empathetic to the sensitivity of the wounded area.
How can I calculate radiographic sensitivity for ASME?
how to calculate radiographic sensitivity
What is meaning of Transformer stability and sensitivity?
What is meaning of Transformer sensitivity?
What is profit sensitivity analysis?
limitatios for profit sensitivity analysis
What do the sensitivity numbers mean on a urine culture and sensitivity test?
sensitivity numbers means how the antibioic reacts in a certain bacteria
