Highly competitive industries tend

Assignment Help Business Management

Reference no: EM133672565

Question

Martin has opened a new, trendy restaurant in the downtown section of a large city. There are, however, many competing restaurants in the neighborhood, and Martin knows that many of them have large customer followings. In order to obtain a relatively fast rate of market acceptance, Martin decides to offer two-for-one coupons to all patrons during the restaurant's opening weeks. After that limited time, Martin plans to withdraw the two-for-one offers and begin charging regular market prices. Fill in the blank with the word from the drop-down list that best completes the sentence. Martin is using a select answer pricing strategy. Assessment question You are employed as a marketing assistant at a major retail firm. You are asked to review how various factors are likely to influence the elasticity of demand for the firm's products. Fill in the blanks with the word from the drop-down list that best completes each sentence. Words may be used more than once.

1. The availability of substitutes is likely to select answer elasticity of demand for your products.

2. Highly competitive industries tend to have select answer demand.

Reference no: EM133672565

Questions Cloud

Level of outreach is being exerted regarding reunion : Thanked the Leadership for the level of the work it is doing for the organization and asked what was the level of outreach is being exerted regarding reunion

Analysis of homelessness : Please give give brief definition and analysis of homelessness, encampments situtions in edmonton and unmet needs of homeless individuals.

What is the name of the program : What is the name of the program? What areas of Black Consciousness and/or Black Identify exists? What is your proof?

Explore learning gender : As we use our readings to learn about gender, sex, and sexuality in the world around us, it is important to consider how we came to understand these concepts.

Highly competitive industries tend : Martin has opened a new, trendy restaurant in the downtown section of a large city. Highly competitive industries tend to have select answer demand.

Explain principles of arizonas language development approach : Explain student agency and its importance in the instruction of ELLs. Explain each of the four principles of Arizona's Language Development Approach.

Friend signature on attorney : A paralegal's friend was in an automobile accident, and the lawyer instructs the paralegal to go to the hospital and get the friend's signature on an attorney

Ddata communications and networking : Engage in a detailed discussion of the topic, ensuring clarity, depth, and critical analysis throughout. This should be complemented by a synthesis of existing

Assessing risks of significant harm to children : In groups of 5 Students, list five potential challenges you might face in assessing risks of significant harm to children.

User Account

All Pages