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Cross Price Elasticity Of Demand
In economics, the cross (or cross-price) elasticity of demand (XED) measures the effect of changes in the price of one good on the quantity demanded of another good. This reflects the fact that the quantity demanded of good is dependent on not only its own price (price elasticity of demand) but also the price of other "related" good. The cross elasticity of demand is calculated as the ratio between the percentage change of the quantity demanded for a good and the percentage change in the price of another good, ceteris paribus:\text = \fracThe sign of the cross elasticity indicates the relationship between two goods. A negative cross elasticity denotes two products that are complements, while a positive cross elasticity denotes two products are substitutes. If products A and B are complements, an increase in the price of B leads to a decrease in the quantity demanded for A, as A is used in conjunction with B. Equivalently, if the price of product B decreases, the demand curve for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cross Elasticity Of Demand Substitutes
A cross is a religious symbol consisting of two intersecting lines, usually perpendicular to each other. The lines usually run vertically and horizontally. A cross of oblique lines, in the shape of the Latin letter X, is termed a saltire in heraldic terminology. The cross shape has been widely officially recognized as an absolute and exclusive religious symbol of Christianity from an early period in that religion's history.''Christianity: an introduction'' by Alister E. McGrath 2006 pages 321-323 Before then, it was used as a religious or cultural symbol throughout , in |
Collusion
Collusion is a deceitful agreement or secret cooperation between two or more parties to limit open competition by deceiving, misleading or defrauding others of their legal right. Collusion is not always considered illegal. It can be used to attain objectives forbidden by law; for example, by defrauding or gaining an unfair market advantage. It is an agreement among firms or individuals to divide a market, set prices, limit production or limit opportunities. It can involve "unions, wage fixing, kickbacks, or misrepresenting the independence of the relationship between the colluding parties". In legal terms, all acts effected by collusion are considered void (law), void. Definition In the study of economics and market competition, collusion takes place within an Industry (economics), industry when rival companies cooperate for their mutual benefit. Conspiracy usually involves an agreement between two or more sellers to take action to suppress competition between sellers in the m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Price Wars
A price war is a form of market competition in which companies within an industry engage in aggressive pricing activity "characterized by the repeated cutting of prices below those of competitors". This leads to a cycle, where each competitor attempts to match or undercut the price of the other. Competitors are driven to follow the initial price-cut due to the downward pricing pressure, referred to as “price-cutting momentum”. While price wars can offer short-term benefits to consumers by providing them with lower prices, they can have a negative impact on the companies involved by reducing their profit margins. Moreover, the negative effects of price wars on companies can extend beyond the short term, as the companies involved may struggle to recover their lost profits and maintain their market share. Firms may be cautious when engaging in price wars as this competition can lead to prices that are unsustainable for long-term profitability. Definition The repeated cutting of pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Royal Philips Electronics
Koninklijke Philips N.V. (), simply branded Philips, is a Dutch multinational health technology company that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarters is still in Eindhoven. The company gained its royal honorary title in 1998. Philips was founded by Gerard Philips and his father Frederik, with their first products being light bulbs. Through the 20th century, it grew into one of the world's largest electronics conglomerates, with global market dominance in products ranging from kitchen appliances and electric shavers to light bulbs, televisions, cassettes, and compact discs (both of which were invented by Philips). At one point, it played a dominant role in the entertainment industry (through PolyGram). However, intense competition from primarily East Asian competitors throughout the 1990s and 2000s led to a period of downsizing, including the divestment of its lighting and co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ericsson
(), commonly known as Ericsson (), is a Swedish multinational networking and telecommunications company headquartered in Stockholm, Sweden. Ericsson has been a major contributor to the development of the telecommunications industry and is one of the leaders in 5G. Ericsson has over 57,000 granted patents and it is the inventor of Bluetooth technology. The company sells infrastructure, software, and services in information and communications technology for telecommunications service providers and enterprises, including, among others, cellular 4G and 5G equipment, and Internet Protocol (IP) and optical transport systems. The company employs around 100,000 people and operates in more than 180 countries. The company is listed on the Nasdaq Stockholm under the ticker symbols ERIC.A and ERIC.B and on the American Nasdaq under the ticker symbol ERIC. The company was founded in 1876 by Lars Magnus Ericsson and is jointly controlled by the Wallenberg family through its holding company ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sony Electronics
is a Japanese multinational conglomerate headquartered at Sony City in Minato, Tokyo, Japan. The Sony Group encompasses various businesses, including Sony Corporation (electronics), Sony Semiconductor Solutions (imaging and sensing), Sony Entertainment (including Sony Pictures and Sony Music Group), Sony Interactive Entertainment (video games), Sony Financial Group, and others. Sony was founded in 1946 as by Masaru Ibuka and Akio Morita. In 1958, the company adopted the name Initially an electronics firm, it gained early recognition for products such as the TR-55 transistor radio and the CV-2000 home video tape recorder, contributing significantly to Japan's post-war economic recovery. After Ibuka's retirement in the 1970s, Morita served as chairman until 1994, overseeing Sony's rise as a global brand recognized for innovation in consumer electronics. Landmark products included the Trinitron color television, the Walkman portable audio player, and the co-developmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sony-Ericsson
Sony Mobile Communications Inc., originally Sony Ericsson Mobile Communications AB, was a multinational consumer electronics and telecommunications company, best known for its mobile phone products. The company, originally a joint venture between Sony and Ericsson, marketed products under the "Sony Ericsson" brand from 2001 until 2012, when Ericsson sold its share to Sony, with products hereafter being branded as "Sony". As part of a corporate restructuring, Sony Mobile was superseded by and integrated into Sony Corporation in 2021. The alliance between Swedish telecom giant Ericsson and Japanese electronics giant Sony was formed to benefit Ericsson Mobile recover against competitors in the mobile phone market, while for Sony it gave the opportunity to grow in the field of cellular communication, where it had only a minor presence. Products and development was done with contributions from both parties: the company itself was based in London, England, with its design centre in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google Pixel And Pixel XL Smartphones (30155267665)
Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI). It has been referred to as "the most powerful company in the world" by the BBC and is one of the world's List of most valuable brands, most valuable brands. Google's parent company, Alphabet Inc., is one of the five Big Tech companies alongside Amazon (company), Amazon, Apple Inc., Apple, Meta Platforms, Meta, and Microsoft. Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin. Together, they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock. The company went public company, public via an initial public offering (IPO) in 2004. In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc. Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google Pixel
Google Pixel is a brand of portable Consumer electronics, consumer electronic devices developed by Google that run either ChromeOS or the Pixel version of the Android (operating system), Android operating system. The main line of Pixel products consists of Android-powered smartphones, which have been produced since October 2016 as the replacement for the older Google Nexus, Nexus, and of which the Pixel 9, Pixel 9 Pro, Pixel 9 Pro XL and Pixel 9 Pro Fold are the current models. The Pixel brand also includes laptop and tablet computers, as well as several accessories, and was originally introduced in February 2013 with the Chromebook Pixel. Phones Pixel and Pixel XL Google announced the first generation Pixel smartphones, the Pixel and the Pixel XL, on October 4, 2016 during the #MadeByGoogle event. Google emphasized the camera on the two phones, which ranked as the best smartphone camera on DxOMarkMobile with 90points until HTC released the HTC U11, U11, which also sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SABMiller
SABMiller plc was an Anglo–South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by AB InBev for US$107-billion. It was the world's second-largest brewer measured by revenues (after Anheuser-Busch InBev) and was also a major bottler of Coca-Cola. Its brands included Foster's, Miller, and Pilsner Urquell. It operated in 80 countries worldwide and in 2009 sold around 21 billion litres of beverages. Since 10 October 2016, SABMiller is a business division of AB InBev, a Belgian multinational corporation with headquarters in Leuven. SABMiller was founded as South African Breweries in 1895 to serve a growing market of miners and prospectors in and around Johannesburg. Two years later, it became the first industrial company to list on the Johannesburg Stock Exchange. From the early 1990s onwards, the company increasingly expanded internationally, making several acquisitions ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anheuser-Busch InBev
Anheuser-Busch InBev SA/NV, known as AB InBev, is an American-Belgian Multinational corporation, multinational Drink industry, drink and brewing company, brewing company based in Leuven, Belgium. It is the largest brewer in the world, and in 2023, was ranked 72nd in the Forbes Global 2000, ''Forbes'' Global 2000. Additionally, AB InBev has offices in New York City, alongside regional headquarters in São Paulo, London, St. Louis, Mexico City, Bremen, Johannesburg, and others. It has approximately 630 beer brands in 150 countries.''Annual Report 2020.'' Retrieved 6 April 2020. AB InBev was formed through InBev acquiring the American company Anheuser-Busch. Anheuser-Busch InBev SA/NV is a publicly listed company, with its primary listing on the Euronext Brussels. It has secondary listings on Mexican Stock Exchange, Mexi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
