A Canadian apparel company, Roots, agreed to provide the U.S. Olympic team at the 2002 Winter Olympics
Question:
A Canadian apparel company, Roots, agreed to provide the U.S. Olympic team at the 2002 Winter Olympics with various types of clothing, including berets, for free, and further, to turn over a portion of its profits on sales of this clothing to the U.S. Olympic Committee.
The beret became an instant success, and Roots sold a large number of them. What type of elasticity does this arrangement represent?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Arthi Natarajan
I Arthi, budding biotechnologist graduating from Tamilnadu Agricultural university in 2019. Nature has inspired me during every stage of life. As a child i was keen in noticing things around me. During my school days i used to observe a flower in our school garden called conferderare rose (Hibiscus mutabilis) where flowers change their colour from white in the morning to pink and deep red in the evening. Sparkled my brain how and what had happened, there I started my studies on plants where ever I travel I used to examine the plants and the texture of leaves dissecting out the floral parts. As a school student I was very studious and I was being one of the toppers. Then I started my career in Agriculture to study about my hidden doubts about plants so I choose biotechnology as my pathway. My undergraduate was like fairy tale surrounded with lovely friends. We enjoyed a lot. Apart from enjoyment we our university has provided with enormous facilities and I enjoyed learning. I graduated with OGPA of 9.01. Then I wanted to continue my carieer in biotechnology so I did my post graduate in same university. I completed my PG with OGPA of 9.1. I want to pursue my Ph.d on flowering plants. Though I faced many struggles during my life I continued to be strong because I believe "Perseverence always pave for success".
0 Reviews
10+ Question Solved
Related Book For 
Managerial Economics Economic Tools For Today's Decision Makers
ISBN: 9780131860155
7th Global Edition
Authors: Paul G Keat, Philip K Y Young
Question Posted:
