If Demand Is Price Inelastic, Does This Mean That Suppliers Are Unable To Compete?
When demand for a product is price inelastic does this mean that suppliers can not compete against each other, if not how can they compete.
1 Answer - Sort by: Date | Rating
Yes it's true! When the demand is price inelastic, then there is no price war between the suppliers because consumers are indifferent to the price changes. In this situation, the competition is based on other factors like promotional strategies, advertising strategies and the easy to access or use the product etc. For more information click on the link:
Inelastic price
Inelastic price
1
0
- What Is The Difference Between Farz And Wajib?
- How The Basic Function Of Management Are Inter-related?
- Why Is Minimum Inventory Or Safety Stock Maintained?
- Explain The Use And Important Of SWOT Analysis In Marketing Management?
- What Is Law Of Diminishing Returns In A Simpler Format?
- What Is Planning In Correspondence?
- What Is The Evolution Of Salesmanship?
- Give 5 Example Of Internal Sources That The Collage Uses To Set Up Its Database For Its Information System?
- Is There Any Help Off The Government To Help With Costs Of Having Eczema?
- What Is The Process For Decolorization?
- What Is The Purpose Of A Tabloid?
- How To Block Task Manager?
- What Is Manufacturing Concept?
- What Do You Think Is The Best Theory?.
- What Are The Main Roles Of A Leader?
- What Are The Oops Principles In Java?
- How Can We Self Evaluate Our Business Environment?
- According To The Smcr Model Problems In Communication Can Arise When The Speaker Fails To Do What?
- What Are The Similarities Between Private And Public Business Administration?
- How Does Georgina React To Her Husband's Actions?
- What Is Sugar Industry?
- Which Scanner Process Uses An IT8 Target To Complete Its Function?
- Can You Define And Explain Levels Of Production?
- Can Blog Submissions Earn Revenue?
- Why Do You Want To Work In The Business Administration Industry?
New Comment - Comments are editable for 5 min.