The Coffee Express Company Is Located in a Business District

question 18

Multiple Choice

The Coffee Express company is located in a business district with few customers on the weekend.To attract customers on Saturday and Sundays,it reduces its prices on these two days.This is an example of

• A) dynamic pricing.
• B) the substitution effect.
• C) the income effect.
• D) the target return effect.
• E) cross-price elasticity.

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Definitions:

Investment Pools

Collective investment schemes where funds from multiple investors are pooled together to purchase securities.

Venture Capitalists

Investors who provide capital to startup companies or small businesses with the potential for long-term growth, often in exchange for equity.

Management Strategies

Comprehensive plans and approaches adopted by a company’s management to achieve its objectives and sustain competitive advantage.

Exit Strategy

A plan designed for selling one's stake in a business or ending an investment, often to realize a profit or minimize losses.