Question

ABC Freight Company is overflowed with customer complaints of poor quality
services. To achieve quality in the services being provided, managers can make use of
which of the following strategy?
s. Cost leadership strategy
b. Statistical process control strategy
c. Service differentiation strategy
d. Conditional service guarantee stra

Answer 1

Answer:

Elasticity of demand of good X is half the elasticity of demand of good Y. A 25% rise in price of good Y reduces its demand from 400 to 300 units. Find percentage rise in demand of good X when its price falls from Rs.10 to Rs.8