What is psychographic data
Problem:
What is psychographic data? Provide examples. When should psychographic data be used to make marketing decisions? Is psychographic data more important than demographic data? Why?
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What is the rationale for this change? What happens to the margin generated during cycle?
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Problem: What is psychographic data? Provide examples. When should psychographic data be used to make marketing decisions?
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If q=100-4p where p=price and q= quantity demanded, find the point elasticity of demand at p=10 and comment on its value
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