What kind of business market chocolate ice cream represent

Reference no: EM133659826

Problem: Jon loves chocolate ice cream and has been loyal to Grummy's (ice cream brand) for years due to price and availability. Grummy's is one of many companies on the market that makes delicious chocolate ice cream. While in the chilled isle at his local grocery store, Jon noticed the price of Grummy's chocolate ice cream had risen from $3.99/gallon to $5.29/gallon. As surprised as he was about the price increase, he wasn't too bothered because there were several other chocolate ice cream options he can buy and try. In this example, what kind of business market does chocolate ice cream represent?

Reference no: EM133659826

Questions Cloud

Explain concepts of source of income in context of taxation : Briefly explain the concepts of residence of income in context of taxation. Briefly explain the concepts of source of income in context of taxation.

How many units must company d sell to break even : Total Fixed Costs (Manufacturing): $70,000 Total Fixed Costs (Non-manufacturing): $26,000 How many units must Company D sell to break even

What happens to the equilibrium price and quantity demanded : What happens to the equilibrium price and quantity demanded after the supply curve of solar energy panels shifts?

Identify the cost variations and expenditure overruns : provide appropriate responses to control costs. o Discuss the processes you use to monitor actual expenditure and to control costs

What kind of business market chocolate ice cream represent : Jon loves chocolate ice cream and has been loyal to Grummy's for year due to price and availability. What kind of business market chocolate ice cream represent?

Determine baccis asset turnover ratio for year ended : Its beginning and ending total assets were $ 56 comma 800 comma 000 and $ 88 comma 800 comma 000?, respectively. Determine Bacci's asset turnover ratio for year

What discount would you apply to future revenues for period : As such, you set the discount rate to 30% in computing CLV. What discount would you apply to future revenues for period N 1?

Introduction to the american criminal justice system : If classical criminology is the most compelling theory of crime, the criminal justice system should focus on punishing offenders and deterring future crime.

What is the beginning of month inventory for the next period : Claims were $80.0 and employee discounts were $5.0. What is the EOM (End of Month Inventory) for this period? What is the BOM (Beginning of Month Inventory)

User Account

All Pages