The basic idea behind brand differentiation under an imperfect market arrangement is to
Stimulate demand for rival products
Create demand for the particular product
Enable the product penetrate the market
Enable the product to complete with others
Correct answer is B
No explanation has been provided for this answer.
A debenture share entitles its holder to
Participate in the annual general meeting of the company
Share in the dividends declared
Receive a fixed interest on sums invested
Have a representative on the Board of Directors
Correct answer is C
No explanation has been provided for this answer.
Elasticity demand is an effective tool in the hands of a producer in that it enables him
Raise his profit and lower his costs
Discourage buyers from cheating
Determine what he will produce
Set his price to maximize his profit
Correct answer is D
No explanation has been provided for this answer.
Production is said to be completed when
Goods and services reach the consumers
Prices of goods and services are determined
Goods are sold to the wholesaler
Goods are packaged
Correct answer is A
No explanation has been provided for this answer.
A demand which is positively related to price is true of
Normal goods
Giffen goods
Ostentatious goods
Capital goods
Correct answer is A
In economics, normal goods are any goods for which demand increases when income increases, and falls when income decreases but price remains constant, i.e. with a positive income elasticity of demand.