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.
Illustrates the ways in managerial economics bridges between real business practices and traditional economic theory?
Explain the accounting cost concept in brief.
Explain the meaning of total, average, marginal and incremental revenue.
On-job training, there a college education, as well as leadership skills is all illustrations of: (w) financial capital. (x) human capital. (y) investment. (z) economic capital. Hey friends please give your opinion for the problem
Define the Revenue Concept in brief.
Illustrates the different kinds of Demand?
Explain the term average fixed cost.
A firm maximizes profit through hiring labor at the point where labor’s: (1) marginal physical product equals its average physical product. (2) marginal revenue product equals its marginal resource cost. (3) rate of exploitation is greatest. (4)
When the relative price of a resource decreases, we would usually expect a firm to employ less units of: (w) that resource due to the substitution effect. (x) that resource because of the output effect. (y) complementary resources due to the substitut
Average female wages are historically beneath the average for male workers due to: (w) concentration in low income occupations. (x) placement in low status job positions. (y) lower admission in professional schools and skilled trades.
18,76,764
1928407 Asked
3,689
Active Tutors
1440981
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!