Option A (Both the adjuster and the student are potential customers because they both derive benefits from the product in their own ways). Both were considered potential customers since both intended to purchase the smartphone for personal or work-related purposes. The adjuster views the smartphone as a tool for improving efficiency, while the student sees it as a luxury. In either scenario, their purchases are significant to the smartphone manufacturers because the product serves a purpose for both.
Answer: (A) Greenfield investment
Explanation:
A greenfield investment is a form of Foreign Direct Investment (FDI) aimed at constructing various new production facilities within a business.
The primary aim of the greenfield investment method is to provide investors with control while creating diverse opportunities for managing market partnerships.
Based on the provided question, the greenfield investment method is instrumental in establishing new operations in Indonesia, thus representing a type of foreign direct investment.
Therefore, Option (A) is the correct selection.
entrepreneurial spirit. Explanation: Classical economic theory identifies three factors of production: land, labor, and capital. However, contemporary views recognize entrepreneurship as a fourth factor, with some going further to include technology as a fifth factor. An entrepreneur is identifiable as an individual who integrates the various production factors to establish a business. Successful entrepreneurs possess key traits such as innovation, creativity, passion, a future-oriented outlook, optimism, and resourcefulness.
Answer: The price elasticity of luxury weekend hotel packages in Las Vegas is -1.432.
Explanation:
The concept of price elasticity of demand assesses how much the quantity demanded changes in response to a price alteration of the product.
Mid point method-
The price elasticity of luxury weekend hotel packages in Las Vegas is -1.432.
