Two drivers—Brian and Crystal—each drive up to a gas station. Before looking at the price, each places an order. Brian says, "I'd like 10 gallons of gas." Crystal says, "I'd like $10 worth of gas."

Which of the following statements is correct? Check all that apply.

Brian's demand is perfectly inelastic.

Crystal's demand is perfectly elastic.

Crystal's demand is unit elastic.

Brian's demand is elastic.

What is a sort of auction for stocks in which traders verbally submit their offers?

This activity is important because as a marketing manager, you must allocate resources to reach your target market. during the strategic marketing process, managers move through three important phases to determine how to optimally allocate resources: a planning phase, an implementation phase, and an evaluation phase. in this interactive exercise, you are asked to review various strategic marketing actions and determine where in the strategic marketing process the action would occur. the goal of this exercise is to demonstrate your understanding of the strategic marketing process and related marketing actions.

Eon inc., electravia inc., and fc inc., the three largest firms in the consumer electronics industry, hold close to 85 percent of the industry's market share. these companies mainly compete against each other by providing unique features in their products rather than pricing them low. these firms are interdependent, and each firm must consider the strategic actions of its competitors. which of the following industry competitive structures does this scenario best illustrate? monopolistic competition oligopoly monopoly perfect competition