Tu Modern E) Buying and selling function overcome the separation of ownership by transferring legal title of product from the seller to the buyer. 16. Which one of the following sections is NOT included in the Marketing Plan? A) The current market situation, such as product situation and competitive situation. B) Opportunities and issues analysis (SWOT analysis) C) Marketing Strategies which include broad decisions of selection of target markets, market position, etc, D) Detailed discussions of marketing mixes (Price, Place, Product and Promotion) E) Implementation program to efficiently and effectively implement the strategies and include statements 17. If price declines from $250 to $350 and, as a result, quantity demanded increases from 1000 to 1200, price elasticity of demand is: A) 1.78 B) 0.89 C) 1.12. D) 3.42 E) 0.55 18. Suppose that a 10 percent decrease in the price of normal good Y causes a 30 percent decline in the quantity demanded of normal good X. The cross elasticity of demand is A negative and therefore these goods are substitutes, B) negative and therefore these goods are complements. C) positive and therefore these goods are substitutes D) positive and therefore these goods are complements E) positive and therefore these goods are luxury 19. Which of the followings is NOT one of secrets contributes to the success of U.S. aprbusiness? A) Continuous adaptation and adaptation of technological progress to improve the technical efficiency B) Advancement of agribusiness management skills and techniques to improve the comic efficiency C) International trade, globalization and development of cross border communication and commerce