Different types of determinants of advertisement elasticity
What are the different types of determinants of advertisement elasticity?
Expert
There are different determinants of advertisement elasticity are as given here:
1. Kind of commodity: elasticity will be higher for new product, luxury and growing product.
2. Market share: Well-built the market share of the firm lower will be promotional elasticity.
3. Rival’s reaction: when the rivals react to rise in firm’s advertisement by raising their own advertisement expenditure, this will decrease the advertisement elasticity of the firm.
4. State of economy: when economic conditions are good, the consumers are more probably to respond to the advertisement of the firm.
Explain the assumptions of Law Diminishing Returns.
What are the main features of managerial economics?
Explain about the term Recovery in phases of business cycle.
States the term Demand Analysis?
Explain the modern definition of economics?
Define the inelastic demand.
State the assumptions of Law of Demand?
Insistence by a potential employer which job applicants submit a résumé is an illustration of: (1) networking. (2) screening. (3) signaling. (4) bragging. (5) qualifying. Please choose the right answer from above...I
What are the operational or internal issues of managerial economics?
What is the meaning of managerial economics?
18,76,764
1924845 Asked
3,689
Active Tutors
1413583
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!