Ans a direct relationship does not exist between a

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Ans : A direct relationship does not exist between a company's incoming revenue and the prices of its products. Higher prices do not always lead to higher profits for a business. When prices change, a company must consider the economics concept called elasticity to determine the true impact of the change on total revenue. Therefore, a change in price can either cause total revenue for the company to increase or decrease. 1. Elasticity of Demand : The elasticity of demand indicates a give-and-take relationship between the price of a product and how much consumers will pay for it. 2. The Price-Demand Relationship: A change in pice does not always have to result in an increase in revenue. When a company makes the decision to lower prices, the company must also consider that it may acquire additional customers with the change, especially if the decrease in price is substantial enough to include a new market. 3. Determining the Effect on Total Revenue : In order to fully predict the projected effect a change in pices will have on total revenue, a company can conduct preliminary research into the market, and any new markets that may result from the price change. 4. Gauging Elasticity : The ultimate consideration when predicting how a price change will affect total revenue is the elasticity of the market. This elasticity will depend on the market as a whole and any specific target markets. A highly elastic market is one in which individuals do not respond to the change in price. In other words, customers will continue to purchase the products in the same quantities after the price increase in an elastic market. In an inelastic market, the change in price produces a noticeable change in the quantity of items purchased. Therefore, a price increase in an elastic market would lead to an increase in a company's total revenue. However, a price increase in an inelastic market would result in decrease in total revenue.
Discuss the various activities of financial institutions socially responsible marketing. for Ans : Banks and financial institutions are tor-profit businesses that offer individuals and companies a wide variety Of services. Rather than burying your cash in the backyard or stuffing it into your mattress as your preferred method of personal finance management, use a bank or financial institution's services for your next fiscal action. While larger institutions feature a plethora of products, most banks are known to offer standard services. 1. Store Money : Storing money for customers is the most classic of banking activities. Traditional banks, credit unions and savings institutions offer this service. Customers use bank accounts, such as checking or regular savings accounts, because most provide safe locations to store deposited money that is FDIC-insured, or protected by the Federal Deposit Insurance Corporation. This means that consumers will not lose their regular savings money (up to $100,000) if then accredited bank or financial institution fails or goes bankrupt. Some savings accounts allow customers to

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