If the Cross-Price Elasticity of Demand Between Two Goods Is

question 85

Multiple Choice

If the cross-price elasticity of demand between two goods is 1.75,then the two goods are:

• A)complements.
• B)substitutes.
• C)luxury goods.
• D)inferior goods.

---

Definitions:

Customer Churn

The phenomenon where customers stop doing business with a company, often used as an indicator of customer dissatisfaction or competitive disadvantages.

Cloud-Based CRM

Cloud-based Customer Relationship Management (CRM) is a platform for managing a company's interactions with current and potential customers, hosted on remote servers and accessed over the internet.

CRM System

A technology for managing all your company's relationships and interactions with customers and potential customers, often aiming to improve business relationships.

Product Knowledge System

A system designed to organize, store, and manage information about products, serving as a resource for improving customer service and sales strategies.