In a statement to Gillettes shareholders, Chairman and CEO James Kilts indicated, Despite several new product launches,
Question:
In a statement to Gillette’s shareholders, Chairman and CEO James Kilts indicated, “Despite several new product launches, Gillette’s advertising-to-sales declined dramatically . . . to 6.5 percent last year. Gillette’s advertising spending, in fact, is one of the lowest in our peer group of consumer product companies.” If the elasticity of demand for Gillette’s consumer products is similar to other firms in its peer group (which averages – 4.5), what is Gillette’s advertising elasticity? Is Gillette’s demand more or less responsive to advertising than other firms in its peer group? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (14 reviews)
Thus Gillettes advertising elasticity is approxi...View the full answer
Answered By
Nicholas Maina
Throughout my tutoring journey, I've amassed a wealth of hands-on experience and honed a diverse set of skills that enable me to guide students towards mastering complex subjects. My proficiency as a tutor rests on several key pillars:
1. Subject Mastery:
With a comprehensive understanding of a wide range of subjects spanning mathematics, science, humanities, and more, I can adeptly explain intricate concepts and break them down into digestible chunks. My proficiency extends to offering real-world applications, ensuring students grasp the practical relevance of their studies.
2. Individualized Guidance:
Recognizing that every student learns differently, I tailor my approach to accommodate various learning styles and paces. Through personalized interactions, I identify a student's strengths and areas for improvement, allowing me to craft targeted lessons that foster a deeper understanding of the material.
3. Problem-Solving Facilitation:
I excel in guiding students through problem-solving processes and encouraging critical thinking and analytical skills. By walking learners through step-by-step solutions and addressing their questions in a coherent manner, I empower them to approach challenges with confidence.
4. Effective Communication:
My tutoring proficiency is founded on clear and concise communication. I have the ability to convey complex ideas in an accessible manner, fostering a strong student-tutor rapport that encourages open dialogue and fruitful discussions.
5. Adaptability and Patience:
Tutoring is a dynamic process, and I have cultivated adaptability and patience to cater to evolving learning needs. I remain patient through difficulties, adjusting my teaching methods as necessary to ensure that students overcome obstacles and achieve their goals.
6. Interactive Learning:
Interactive learning lies at the heart of my approach. By engaging students in discussions, brainstorming sessions, and interactive exercises, I foster a stimulating learning environment that encourages active participation and long-term retention.
7. Continuous Improvement:
My dedication to being an effective tutor is a journey of continuous improvement. I regularly seek feedback and stay updated on educational methodologies, integrating new insights to refine my tutoring techniques and provide an even more enriching learning experience.
In essence, my hands-on experience as a tutor equips me with the tools to facilitate comprehensive understanding, critical thinking, and academic success. I am committed to helping students realize their full potential and fostering a passion for lifelong learning.
4.90+
5+ Reviews
16+ Question Solved
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Question Posted:
Students also viewed these Economics questions
-
In a statement to Gillette's shareholders, its CEO indicated, "Despite several new product launches, Gillette's advertising-to-sales declined dramatically . . . to 7.5 percent last year. Gillette's...
-
If the elasticity of demand for hamburgers equals 1.5 and the quantity demanded equals 40,000, predict what will happen to the quantity demanded of hamburgers when the price increases by 10 percent....
-
The guanidino group of arginine is one of the most strongly basic of all organic groups. Explain. NH NI NI
-
Create a T-Account Transaction Account titles Cash d Common stock Supplies Creditors accounts payable) Cash Fees earned Rent expense Cash Creditors(accounts payable) Cash Accounts receivable Fees...
-
Disney World requires that people employed as a Mickey Mouse character must have a height between 56 in. and 62 in. a. Find the percentage of men meeting the height requirement. What does the result...
-
Digital influencers can shape consumer product acceptance and adoption. Discuss the process of making a purchase through a podcast, blog, or social media account based on the recommendation of a...
-
List and describe the legal elements that comprise the unintentional tort of negligence. Provide an example of a negligence situation involving a personal injury. Provide another example of a...
-
Robert Kapela owned and managed a franchise of Ithaca Espresso, Incorporated. The company's balance sheet accounts had the following balances on September 1, 20X0, the beginning of a fiscal year:...
-
19 20 Assertion A compass needle is placed near a current carrying wire. The deflection of the compass needle decreases when the magnitude of the current in the wire is increased. Reason The strength...
-
The owner of a specialty coffee shop wants to study coffee purchasing habits of customers at her shop. She selects a random sample of 60 customers during a certain week, with the following results: ...
-
You are a manager at Spacely Sprockets??a small firm that manufactures Type A and Type B bolts. The accounting and marketing departments have provided you with the following information about the...
-
According to the American Metal Markets Magazine, the spot market price of U.S. hot rolled steel recently reached $580 per ton. Less than a year ago this same ton of steel was only $260. A number of...
-
Why is it important for managers to have a working knowledge of perception and attribution?
-
Which is one of the lines output by this code? A. [] B. [8, 10] C. [8, 9, 10] D. [10, 8] E. The code does not compile. 10: var list= new ArrayList (); 11: list.add (10); 12: list.add (9); 13:...
-
What is the result of compiling and executing the following class? A. The code does not compile due to line x. B. The code does not compile due to line y. C. 31 D. 61 public class Tolls { private...
-
What is the output of the following class? A. 2 B. 3 C. 4 D. None of the above 1: package rocket; 2: public class Countdown { 3: 4: 5: 6: 7: 8: } public static void main(String[] args) { var builder...
-
Which of the following can fill in the blank so the code prints true? var happy :) ( "; var really happy.trim(); var question = = System.out.println(really.equals(question)); A. happy.substring(0, B....
-
How many lines does the following code output? A. One. B. Two. C. Three. D. Four. E. Five. F. None of the above. The code does not compile. public class Cars { static { } } private static void...
-
The following information is available for Berlin Corp. for the year ended December 31, 2025: Prepare a multiple-step income statement for Berlin Corp. The company has a tax rate of \(30 \%\). Other...
-
For the vector whose polar components are (Vr = 1, Vθ = 0), compute in polars all components of the second covariant derivative Vα;μ;ν. To find...
-
Calculate the fluid force on the side of a right triangle of height 3 m and base 2 m submerged in water vertically, with its upper vertex at the surface of the water.
-
From your knowledge of the relationships among the various cost functions, complete the followingtable. Q TC FC VC ATC AFC AVC MC 0 125 20 255 50 70 295
-
A manufacturing plant has a potential production capacity of 1,000 units per month (capacity can be increased by 10 percent if subcontractors are employed). The plant is normally operated at about 80...
-
The Blair Companys three assembly plants are located in California, Georgia, and New Jersey. Previously, the company purchased a major subassembly, which becomes part of the final product, from an...
-
1. Refer to the graph provided. Price, cost of unit $15- 9 MC ATC MR = P = D a. At what level of output does the firm maximize profit? Explain how you know. b. At the profit-maximizing quantity of...
-
A bond issued 10 years ago had a face value of $2,000; a coupon rate of 5%; and a yield of 6% when it was sold last month in the secondary bond market. At what price did the bond sell in the...
-
What are the assertions affected by the earlier list on what could go wrong in the post to the general journal process? The assertions to use are Completeness Existence/Occurrence Presentation and...
Study smarter with the SolutionInn App