Chevrolet Corvette Group 17 Erica Gray Zach Gray Nate Hopkins Mike Howley Corvette’s Market Price starts at $44,000 for 2004 Corvette Largest market is middle aged men Buyers are in the upper middle class of the economy
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Is a relationship showing the various amounts of an item that sellers are willing and able to make available for sale at various possible alternative prices, during a given period of time, Ceteris Paribus.
Ceteris Paribus Factors for Supply
1. Input Prices
2. Prices of Alternative Goods
4. Number of Suppliers in the Market
5. Expectations of Sellers
Change in Supply
Sell more Corvettes -Rightward shift or an increase in supply
Sell fewer Corvettes - Leftward shift or a decrease in supply
The Law of Demand states…
Demand is the relationship between different amounts of an item which buyers are willing and able to purchase at various prices, during a given time period~ Ceteris Paribus
afford a Corvette?
Principle Cost + Interest
Why is advertising an important input for a firm to consider?