If a firm sells a prestige product, what kind of relationship between price and quantity demanded should it expect?.

Answers

Answer 1

For a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.

Why is the relationship between demand and price of prestige products direct?

The relationship between the demand and price of prestige products is direct because prestige products tend to sell better at high prices than at low prices.

And when the quantity demanded increases, the price tends to increase.

An example of a prestige product is an old car.

Thus, for a firm that sells a prestige product, the relationship between price and quantity demanded is a positive direct relationship.

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Related Questions

In which situation would a person pay a higher property tax than he or she did
the year before?
O A. The value of the person's home increased.
B. The amount the person spent on electronics increased.
O c. The number of dependents the person had increased.
O D. The salary the person earned increased.
Helppp

Answers

Answer:

The answer is A: The value of the person's home increased.

Explanation:

Keywords here are property tax indicating that the answer would most likely mention a piece of land or a house.

In a market system, public goods would: have no costs. lack demand. be underproduced. be overproduced.

Answers

In a market system, public goods would be underproduced.

What is public goods?

public goods, can be regarded as the commodity that is available for all the members of the society.

This usually contain Government spending and taxes .

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The Purchase and sales agreement provides for release of earnest money to the seller after the buyer's property inspection. The seller requests the earnest money prior to the property inspection. The broker should *

Answers

The broker should refuse to release the earnest money even after the  seller requested the earnest money prior to the property inspection.

What is earnest money?

Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.

It is the money paid to a merchant or seller to complete a contract or money paid to a merchant / seller to show good faith in the transaction.

Hence, the broker should refuse to release the earnest money even after the  seller requested the earnest money prior to the property inspection.

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A strength of Enterprise's Generation X managers is likely to be their _____

Answers

Answer:

A strength of Generation X managers is likely to be their ability to provide feedback to employees

Explanation:

mark me brainliest!!

problem: rapid economic growth
what monetary policy tool can be used to correct the problem above and how does it correct the rapid economic growth?

Answers

Answer:

yes

Explanation:

so the problem is economic which people below is could be the farmer who work hard and the salary they earn is low, that will be the problem of government, why doesn't be fair for the in high class has the power to control the low class interaction.

Do imports threaten the jobs of people in the importing country?​

Answers

Answer:

It depends upon what is imported.

If a chocolate making machine is imported, it will create jobs because the importer of the machine will employ people to make chocolates.

If chocolate is imported, it will threaten the jobs of people who are already engaged in making chocolates.

Not necessarily. In many cases it helps the manufacturing base here. For example, the wood used for fingerboard guitar manufacturing here in the U.S. is frequently imported from India. The type of wood is aesthetically pleasing and, I am told, has great sound quality. We import a lot of our aluminum as it isn’t very common here in the States. It makes for a lot of jobs here to have that aluminum imported. So, not necessarily. It could be a very good thing.

why do the regular meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room"?

Answers

Important meetings between a portfolio manager and his or her team of analysts take place in what is sometimes called "the war room" because that is where business strategies are discussed and formulated.

What is Business Strategy?

This refers to the set plans and actions that a business takes in order to get ahead of its competition and maximize profit.

With this in mind, the strategy room is called a war room because business is effectively war, especially in a capitalist system and the portfolio manager meets with his team of analysts in order to discuss business strategies.

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1. Select ONE of the following (a through g).

a. A professional sports team
b. A gaming system company
c. An airline company
d. A consumer retail store
e. An automobile company
f. A computer company

2. Select a specific example of that category. For example, if you chose “a professional sports team,” you could select one of the following: Giants, Jets, Mets, Nets, Yankees, etc. Indicate the specific example you selected:

American AirLines

3. Analyze the external organizational environment for your choice. Identify at least TWO and preferably THREE aspects of EACH of the following that your choice must consider:

a. General environment

i. International dimension

1.American Airlines is the largest airline in 2020.
2. American Airlines traveled 240 destinations in the U.S, Canada,
The Caribbean and Mexico.
3.American airlines headquarters is in dallas fort worth.

ii. Technological dimension

1.Electronic wallet
2. Mobile ID
3.Virtual Assistant

iii. Sociocultural dimension

1.Ethics and human rights(provide the director with a report for unethic)
2.Sustainability and climate change
3.Give customer a great experience

(continued)


iv. Economic dimension

1.Boarding with 1 carry on & one personal item.
2.AAdvantage credit card member.


v. Legal-political dimension





b. Task environment

i. Customers





ii. Competitors





iii. Suppliers





iv. Labor market





(continued)


4. Conduct a situation analysis using a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis that assesses the environment for your selected organization.

A SWOT analysis is categorizing the information that you gathered in the environmental analysis that you performed in the first half of this case. Some of the information you listed may not qualify as a strength, weakness, opportunity, or threat, however – it may be neutral. You should have at least TWO items EACH for strengths, weaknesses, opportunities, and threats and preferably THREE aspects for at least two of these.

Positive Negative
Internal Strengths:











Weaknesses:
External Opportunities:













Threats:

Answers

Answer:

a

Explanation:

i got it right

What is the definition of Institute of corporate Directors (ICD)

Answers

Institute of Corporate Directors is primarily an institute of, for and by corporate directors established in the Philippines. It is made up mainly of individuals and reputational agents committed to the professional practice of corporate directorship in line with global principles of modern corporate governance.
Institute of Corporate Directors (ICD) is primarily an institute of, for and by corporate directors established in the Philippines. It is made up mainly of individuals and reputational agents committed to the professional practice of corporate directorship in line with global principles of modern corporate governance.

As a team lead, Emilio has convened a group of five team members to solve an issue with the marketing campaign. This is an example of a(n)

Answers

Assuming  Emilio has convened a group of five team members to solve an issue with the marketing campaign. This is an example of a(n): Leaderless Group Discussion.

What is  Leaderless Group Discussion?

Leaderless Group Discussion can be defined as the way in which a group of people discuss and share opinion on important matters without a formal leadership.

Based on the given scenario Emilo is engaging in  Leaderless Group Discussion due to the absence of a leader.

Inconclusion this is an example of a(n): Leaderless Group Discussion.

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The market basket used to calculate the CPI is revised monthly to more accurately depict consumers' choices. The price data for the CPI are collected every month." Are the previous sentences true or false?

Answers

Answer:

False

Explanation:

approximately every ten years

CPI revises the quantities of items consumed in its basket of goods and services approximately every ten years

blsgov

An airline employee that is ensuring passengers have no difficulties with seating, meals, baggage, transfers, or rebookings is exhibiting which dimension of service quality?.

Answers

The airline that is ensuring passengers have no difficulties with boarding and onboarding process is exhibiting empathy dimension of service quality.

What is empathy?

Empathy is a feeling which comes over the person when he or she is affected by something which has been experienced by another person who is feeling.

It is the ability to imagine how another person is feeling and so understand his/her mood by putting oneself in their shoes.

Hence, the airline that is ensuring passengers have no difficulties with boarding and onboarding process is exhibiting empathy dimension of service quality.

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Vaccinations are an example of which role of government?
A) a supervisory body
B) a source of public good
C) reallocation of income
D) entrepreneurship

Answers

Answer:

B

Explanation:

You have to pay for a vaccination, and people want and sometimes need the vaccine. The taxes the hospital pays are from the public indirectly. Therefore, vaccinations are sources of the public good.

Answer:

b

Explanation:

bc it was right

Please review the screenshots

Answers

1 - 3) The computation of the cost of goods sold, ending inventory, sales revenue, and gross profits under each inventory costing method for Rosenberg Incorporated is as follows:

                                      FIFO                         LIFO           Weighted Average

Cost of goods sold     $2,111                      $2,004                $2,053

                              ($2,699 - $588)       ($2,699 - $695)   (89 x $23.0684)

Ending inventory         $588                        $695                    $646

                               ($21 x 28)              ($575 + $24 x 5)    (28 x $23.0684)

Sales Revenue        $2,937 ($33 x 89)    $2,937                $2,937

Gross profits             $826                          $933                   $884

4) The determination of the method that results in higher profitability when inventory costs are declining is as follows:

When inventory costs are declining, the LIFO method results in higher profitability with a gross profit of $933, which is higher than the weighted average method's $884 and the FIFO method's $826.

The higher profitability results from the lower cost of goods sold with declining inventory costs used to assign costs to the cost of goods sold.

Data and Calculations:

Date            Transactions         Number of Units    Unit Cost        Total Cost

Jan. 1           Beginning inventory          23                    $25              $575

Mar. 4          Purchase                            28                    $24                672

Jun. 9          Purchase                            33                    $23                759

Nov. 11         Purchase                            33                    $21                 693

Total                                                       117                                     $2,699

Sales                                                     -89

Ending inventory                                  28 (117 - 89)

Average cost per unit = $23.0684 ($2,699/117)

Cost of goods available for sale = $2,699

Cost of goods sold = Cost of goods available for sale - Ending Inventory

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Payment received in advance for services is a/an
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense

Paying three months of rent in advance is an
example of a/an
a. prepaid expense
b. accrued revenue
c. unearned revenue
d. accrued expense

Answers

1 - unearned revenue
2 - prepaid expense

What is the fifth step in the risk management process?.

Answers

Answer:

Risk Management Process. ...

Here Are The Five Essential Steps of A Risk Management Process. ...

Step 1: Identify the Risk. ...

Step 2: Analyze the Risk. ...

Step 3: Evaluate the Risk or Risk Assessment. ...

Explanation:

cuz it is

Place the steps in order to perform a quick sort.

Answers

What’s the quesitos asking? Like I know it’s a quick sort but like about what?

How you will differentiate the company from
competitors
Market Analysis
Your mission statement
Competitive Analysis
Suppliers your company relies on to produce its
products
Organization
The amount of funding needed to start the
company
Executive Summary
A description of your competitors
Products and Services
Your advertising plan
Financial Analysis
The financial history of the company
Marketing and Sales
A description of the needs and desires of your
potential customers
Funding Request
A description of the departments in the
company
Goals and Strategy

Answers

Answer:

Talkwalker Competitor Analysis

Want to find out what the competition is up to? What's working for them and what strategic mistakes they're making? With Talkwalker's competitor analysis, you can easily compare performance across all your important channels.  

Compare performance of multiple brands, hashtags and keywords

Benchmark with KPIs that matter: Engagement, volume, sentiment, business impact metrics

Identify opportunities and find competitors' weaknesses

The best global coverage: Social networks, news, blogs and forums

Explanation:

You are headed off to college. Some close family members decide it would be a good idea to buy a house in the college town and then rent it out to students, with you also living there and actively managing it. Assuming you and your family buy it, what form of business would you select? and why?

Answers

The ideal type of business would be the sole proprietorship, as it is a structure that is easy to start and manage.

What is the sole proprietorship?

It is a simpler business structure, which is managed by an individual, who has the responsibilities for the business, that is, in this configuration there is no legal distinction between the company and the owner.

Therefore, the sole proprietorship is less bureaucratic, being able to close the business at any time, or change type as the business grows and requires greater responsibility.

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Bob goes to the store to buy food.

Answers

Answer:

We always go to the store to buy food.

Explanation:

Yet somehow come out with a hole new wardrobe, new furniture, and a pet snake. This is because of the store's market. They make prices look phenomenal even if they really aren't great. They make the items look like things that you absolutely cannot live with out. Making you basically buy the whole store!

Hope this helped <3! Brainliest? :)

Identify the kind of sample that is described.

A restaurant manager asked every person in line at the restaurant about the new commercial jingle.

Answers

Answer:

9x-4=-18

Explanation:

do you know what this is because I have a state testa coming up and I been lacking in math class

According to the path-goal theory of House and others, what do leaders assume?

Different leaders are needed in different circumstances

Subordinates are motivated by believing that more effort improves job performance.

Leaders should smooth the path towards a fixed goal.

Answers

Base on the path-goal theory of House, Subordinates are motivated by believing that more effort improves job performance .

What is path-goal theory?

The path-goal theory states stressed that a leader's behavior is contingent on the satisfaction and motivation of their employees.

This is the reason why, Subordinates of the organization are motivated by believing that more effort improves job performance .

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What did one expert advise employers about online video resumés? O A They are a must-have recruiting tool today. OB Make sure they are professionally recorded. O C. Specify time and cost limits. OD Never require them. O E Be prepared for poor production quality.​

Answers

Answer:

D) Never require them

Explanation:

An expert advice that the employers gave about the online video resumes was they never require them.

Option D is correct.

Who is an employer?

An employer is an individual who hires the employee in his/her company or organization. He/she hired the candidate as per his/her skills and competencies in reference to the job profile required.

The resume is the document that specifies the details relating to the candidate. The details can be personal information, educational qualifications, work experiences, etc.The resume can be in a printed form or an electronic form, that is, in the form of a file or folder in an electronic device. The employer should always prefer a printed resume while taking an interview. The resume helped the employer to know about the interviewed candidate in complete manner. It will helping him to keep or reject the candidate on the job.

Therefore, the explanation written in options A to C are incorrect and only option D is correct.

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In business letters the salutation must address a position. a. True O b. Rarely OC. Always O d. False​

Answers

Answer: True

Hope that helps!

All of the following would be considered examples of employer postretirement benefits EXCEPT

a. social security.
b. dental care.
c. tax services.
d. medical care.

Answers

A. Social Security

All of the following would be considered examples of employer post retirement benefits except Social Security

Employees and customers are treated like a family at Rahal Realty. Fadil and Inas Rahal, the owners, work to encourage unity to increase their employees' job satisfaction and commitment. At their realty, the Rahals have built a(n) ________ culture.

Answers

The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.

What is clan culture?

A clan culture can be regarded as a tribe-like type of corporate environment which believe in

commonality of goals and values.

Clan cultures usually appears as collaborative and the least competitive of the main corporate culture models.

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The journal entry to record the issuance of a note to a creditor to satisfy an account payable created earlier would include a __________ to __________.

a. credit; Accounts Payable
b. credit; Notes Payable
c. debit; Notes Payable
d. debit; Inventory

Answers

B. Credit; notes payable

Out of the choices provided above, it can be concluded to state that the journal entry to record the issuance of a note to a creditor to satisfy an account payable created earlier would include a credit to Notes Payable. Therefore, the option B holds true.

What is the significance of a journal entry?

A journal entry can be referred to or considered as the entry wherein the record-keeping of the financial transactions in the chronological order of their occurrence is made. These entries of financial transactions have a debit and a credit effect.

As per the golden rule of accounting, issuance of a note to the creditor affects the journal book entry with a debit effect in the name of the creditor and a credit effect to the accounts or notes payable. Each of the debit and credit effects will be equal in their amounts.

Therefore, the option B holds true and states regarding the significance of journal entry.

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the cost of sunflower seeds has increased. sunflower seeds are an input when sunflowers are produced. explain how this change will affect the market for sunflowers.​

Answers

The cost of sunflower seeds will make the suppliers to supply it at a higher price. This will lead to a general increase in the cost of production. The output price of the product, which is sunflower will also increase.

how hospital capacity considerations differ from a factory.

Answers

Answer:

One of the differences between hospital and factory capacity is that a hospital can add capacity easily by adding more staff and beds. A factory is usually technologically limited and therefore must plan well in advance to add capacity.

Explanation:

An engineering graduate starts a new job at $68,000 per year. Her
investments are deposited at the end of the year into a mutual fund
that earns a nominal interest rate of 5% per year with quarterly
compounding. How much money will be in the account immediately
after she makes the last deposit?
(a) She makes $4000 annual deposits for the next 40 years.
(b) She makes the $4000 deposits for 10 years, then stops all
investments for the next 10 years, and then resumes deposits of $6000
per year for the next 20 years.

Answers

Answer:

Explanation:

Effective Annual Rate=(1+r)^n-1 Here=r=5/4=1.25% per quarter EAR=(1.0125^4)-1 5.09% (a)..

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