American Girl DollThe American Girl catalog began as a concept to introduce today's girls to girls who lived in the past. Each historically accurate doll is carefully crafted and dressed and has books to describe her life. For example, Kristen is an 1854 pioneer girl who is growing up in Minnesota. Her story begins with her long sea voyage from Sweden. The basic doll dressed in a calico dress and striped apron plus the hardcover story of how she got to Minnesota costs $90. Six more hardback books of Kristen's life are available for $74.95. Kristen's nightgown costs $20, and a matching one for the doll owner is an additional $38. Buy both together and the price is only $50. A hand-painted wooden bed and trunk for Kristen are available for $213. Shipping costs vary with the price of the
merchandise ordered.Refer to the American Girl Doll. Based on the information in the narrative above, which of the following factors is most likely to affect the elasticity of demand for the doll?
A. the absence of substitutes
B. the existence of complementary products
C. the price relative to purchasing power
D. product durability
E. a variety of alternative uses for the product
Answer: A
You might also like to view...
A restaurant that features a serve-yourself buffet, which eliminates the need for a full wait staff, is using disintermediation
Indicate whether the statement is true or false
Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company, suppliers, marketing intermediaries, customer markets, competitors, and publics
In this instance, Dan has been directed to study the ________ of the company. A) macroenvironment B) microenvironment C) technological environment D) demographic environment E) political environment
The journal entry a company uses to record accrued vacation privileges for its employees at the end of the year is
A) debit Vacation Pay Expense; credit Vacation Pay Payable B) debit Vacation Pay Payable; credit Vacation Pay Expense C) debit Salary Expense; credit Cash D) debit Salary Expense; credit Salaries Payable
What is the administrative equivalent of a judicial declaratory judgment?
a. Declaratory order b. Private letter ruling c. Executive order d. Advisory opinion