Answer:
The correct option is B. Lower the price because demand for the good is elastic.
Explanation:
Own price elasticity of a product can be described as the degree of the responsiveness of the quantity demanded of a product to its own price.
Own price elasticity of a product can be calculated as the percentage change in the quantity demanded of a product over the percentage change in the price of the product.
When the own price elasticity of a product is greater than 1, it implies that the demand for the good is elastic and that the percentage change in the quantity demanded is higher than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to lower price.
When the own price elasticity of a product is less than 1, it implies that the demand for the good is inelastic and that the percentage change in the quantity demanded is lower than the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to increase price.
When the own price elasticity of a product is equal to 1, it implies that the demand for the good is unitary and that the percentage change in the quantity demanded is equal to the percentage change in its price. Therefore, the correct action for a firm to take if it wishes to raise its total revenue is to leave the price unchanged.
Since the own price elasticity of the product which the firm manufactures of 3.5 is greater than, it implies that based on the explanation above the correct option is B. Lower the price because demand for the good is elastic.
evaluate the process used to determine credit scores do you think its fair why or why not
how do the five C's fit to determine of a credit score
Answer:
The five Cs of credit are character, capacity, capital, collateral, and conditions. ... as the Fair Isaac Corporation), a leading credit evaluation firm, uses the information ... good credit score and credit reports play in securing a loan, it's worth considering
Explanation:
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DEFF ADR represents 20% of the value of a DEFF ordinary share. The ordinary shares trade on the London Stock Exchange, where the current price is 200 British Pounds (BP). The current exchange rate for the British Pound against the U.S. Dollar is $1.40. The ordinary share pays an annualized dividend of 12 BP, with payment made semi-annually. The DEFF ADR is listed on the NYSE. If a customer places an order to buy $560,000 of the ADR on the NYSE, how much will the customer receive in each dividend payment
Answer:
$16,800
Explanation:
Calculation to determine how much will the customer receive in each dividend payment
First step is to calculate the ADR
ADR=$560,000 / $56
ADR= 10,000 ADR shares.
Note that U.S. market ADR will be either be 1/5th or $56 per U.S. ADR
Second step is to calculate the Semiannual annual dividend rate per ordinary share
Semiannual annual dividend rate per ordinary share =[(12 BP/2)*1/5th ADR worth ]*$1.40 exchange rate
Semiannual annual dividend rate per ordinary share =(6BP* *1/5th ADR worth)*$1.40 exchange rate
Semiannual annual dividend rate per ordinary share =$1.2per ADR share*$1.40 exchange rate
Semiannual annual dividend rate per ordinary share =$1.68
Now let calculate how much will the customer receive in each dividend payment
Dividend payment = $1.68 per ADR share x 10,000 shares
Dividend payment = $16,800
Therefore how much will the customer receive in each dividend payment is $16,800
1. Personal Characteristics Jack Ma possess (In accordance with the discussion in
the lesson, give at least three.)
2. Key takeaways you've got from him. (Use your own words, give at least three)
3. In your own words, explain how Jack Ma thinks compared to typical individual
Answer:
knock knock.................................
Pandora allows users to
A. interact with other users.
B. run free background checks.
C. stream radio to mobile devices or computers.
D. protect themselves against identity theft.
Many politicians have degrees in business or law.
True
False
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
Answer:
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
A. upselling
B. consultative selling
C. relationship selling
D. personal selling
E. traditional selling
answer is B
The selling approach that is recognized direct and lays emphasis primarily on persuading the buyers about the need of the item would be:
D). Personal selling.
'Personal selling' is described as the selling approach in which the seller hires salesmen to get their products sold directly to the customers. In this technique, the salesman personally interacts with the consumers and uses his/her communication or other skills to convince them about the quality and the worth of the product. They often practically show the effects of the product to the consumers so that they are persuaded to buy it and they can make a maximum sale.Thus, option D is the correct answer.
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Do you think the glass ceiling is still an issue for female workers in the United States? Explain.
Answer: I think that is has gotten a lot better because you now see women as CEOs of companies and doing more things with women.
Explain how insurance companies use risk pooling to generate a profit for their
businesses.
Thankyou!!
Answer: By creating risk pools, insurance companies help spread the risk and avoid the type of massive payout required after a catastrophic loss. It is a form of risk management for insurance companies. If a claim is made for reimbursement due to that catastrophic loss, the participating insurance companies spread the loss among themselves.
Explanation:
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The marketing manager at a company producing laundry products sees great
long-term profits from selling to many consumers worldwide who care about
low prices. Which of the following tactics would best support this manager's
low-price strategy?
A. Develop products with more features than the competition offers
B. Design simple, inexpensive packaging
C. Offer a customer help line for advice in using the products
D. Work with retailers that specialize in speedy checkout and fast
delivery
The tactics that would best support this manager's low-price strategy is Designing simple, inexpensive packaging. Thus option B is correct.
What is the manager?A manager refers to a person who is responsible head of any project and helps in arranging the resources, checking the progress, and timely completion of it in order to achieve the vision and goal of the organization.
In order to cater to a large number of potential consumers the low pricing strategy is used where the manager focuses on simple and inexpensive designs which help in the affordability of consumers.
Therefore, option B is appropriate.
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A student has a job that pays a wage rate of $10 per hour. The night before an economics exam, the student has set aside four hours to study for the exam, estimating that for each hour spent studying, her grade will rise by 5 points. That night, she gets a call from her employer to come to work for a wage rate of $15 per hour for that night. She decides to work for three hours and earn an extra $45.00. The next day she takes the test and gets a grade of 75. The opportunity cost for her work is
Answer:
15 extra points
Explanation:
Calculation to determine what The opportunity cost for her work is
Based on the information given if her grade is increase by 5 points for each of the hour she spent studying in which we were as well told that She work for three hours which means that her Opportunity cost for her work will be calculated as:
Opportunity cost for her work =3 hours* 5 points
Opportunity cost for her work=15 extra points
Therefore The opportunity cost for her work is
15 extra points
Which of the following describes the path–goal theory? ANSWER Unselected Identifies leadership style by measuring whether a person is task oriented or relationship oriented Unselected States that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness Unselected Proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control Unselected Suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
Answer:
I. The least preferred co-worker (LPC) questionnaire.
II. The situational leadership theory (SLT).
III. Fiedler contingency model.
IV. Path-goal theory.
Explanation:
A leader can be defined as an individual who is saddled with the responsibility of controlling, managing and maintaining a group of people under him or her.
Some types of power expressed by leaders are referent power, coercive, etc.
Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information.
I. The least preferred co-worker (LPC) questionnaire: identifies leadership style by measuring whether a person is task oriented or relationship oriented.
II. The situational leadership theory (SLT): states that successful leadership depends on selecting the right leadership style contingent on the follower’s readiness.
III. Fiedler contingency model: proposes that effective group performance depends on the proper match between the leader’s style and the degree to which the situation gives the leader control.
IV. Path-goal theory: suggests that it’s the leader’s job to provide followers with information, support, or other resources necessary to achieve goals
how can businesses deal with lack of vision and mission
Reasons a business might fail are
proper management
extra money
competition
O good location
What is a fixed expense?
An expense that is the same during some months, and different during
other months.
An expense that typically does not change month to month.
An expense that typically varies from month to month.
None of the above
Answer:
answer B. An expense that typically does not change month to month.
Explanation:
Fixed Expenses Fixed expenses cost the same amount each month. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year.
In order to be able to explain financial concepts to your clients, you need to have good ______ skills:
Accounting
Math
Computing
Communication
You require strong communication skills in order to be able to convey financial ideas to your clients. As a result, choice (D) is acceptable.
What is financial concept?The fields of banking, pressure or financing, credit, capital markets, money, investments, and the development and management of financial systems all fall under the umbrella of finance.Microeconomic and macroeconomic theories are the source of many of the fundamental ideas in finance. The temporal value of money is one of the most fundamental beliefs that holds that a dollar today is valued more than a dollar tomorrow.Personal finance, corporate finance, and public (government) finance are the three primary subfields of the finance discipline.For the purpose of acquiring financial commodities and achieving financial objectives, both consumers and corporations employ financial services.One of a country's main economic generators is the financial services industry.Learn more about financial concept, from:
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PLEASE HELP!!
In the space provided below, please respond to the following: Create a list of business risks and ways to deal with them.
This project will focus on writing about a current event in business risks. The task is to first find an article that deals with business risks and write a summary of the article. In your summary, you should discuss what the risk is and what steps the business is taking to deal with it. During this project, you'll accomplish the following:
Objectives
Find an article that deals with business risks and write a summary of the article.
Current Event
Use the Internet to find an article that deals with business risks. Once you have found and read your article, record your summary and upload it. Use the following format.
Paragraph #1 - Summary of article including the link
Paragraph #2 - How it relates to entrepreneurship
Paragraph #3 - Your opinion of whether or not you think the appropriate steps are being taken to deal with the risk
Answer:
No matter how well you plan, your project can always encounter unexpected problems. ... You can use risk planning to identify potential problems that could cause ... Some events (like finding an easier way to do an activity) or conditions (like ... risks that you plan for do happen, and that's when you have to deal with them.
Explanation:
Answer:
I'm hoping that one above helped me out it didnt say :(
Weston makes uniforms and overalls for employees in any industry where there is a risk of fire injury. It uses fabric from Indie Fabric Co. for all of the uniforms it manufactures. If there is a decrease in the demand for products in the chemical industry, then there will be a decrease in employment in that industry. This will lead to a decrease in the demand for Weston's uniforms. Since fewer uniforms will be needed, the sales for Indie Fabric will decrease. This is an example of:
Answer:
Derived Demand
Explanation:
Derived demand refers to a demand for an intermediate good or factor of production with respect to the demand for another intermediate good or factor of production.
In the given example, there will be a decrease in the demand for Weston's uniforms with a decrease in employment in that industry.
As a result, the sales for Indie Fabric will also decrease.
This is an example of Derived Demand.
Natural resources occur in the environment.
False
True
Example of services are ________.
Example of goods are _____________.
A renewable resource cannot be exhausted.
True
False
Answer:
true they occur in the environment
we have business service (business transport service)
social service (food service )
personal service
mention the consumer goods (clothing and food)
true
Which of the following statements about the W-2 form is TRUE? A W-2 lists all the money you spent over the last year You need a separate W-2 form from EACH of your employers in order to file your taxes The W-2 includes information about the interest you earned from your investments The total earnings from ALL jobs you worked in the previous year appear on ONE W-2 for
Answer:
w2 from each of your employers in order to do your taxes
whats a simple definition of rebate???
The average starting salary for a college graduate is approximately $50,000. What percentage of student loan borrowers have LESS than $50,000 in debt?
Answer:
About 20% of student loan borrowers have less than $50,000 in debt.
Explanation:
Which of the following best describes why banks aren't allowed to loan out all of their deposits at once?
A. If banks loaned out all of their deposits, the money supply would grow much too slowly
B. If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals
C. If banks loaned out all of their deposits, there wouldn't be enough money left to provide new customers with loans
D. If banks loaned out all of their deposits, the government would be unable to calculate the bank's tax burden
Answer:
Answer is B
Explanation:
If banks loaned out all of their deposits, it would be impossible to meet customers' demands for withdrawals. Hence, the correct answer is option B.
What are banks?Banks are financial institutions that accept deposits from customers and use those funds to make loans or invest in other financial assets. Banks provide a range of financial services, including checking and savings accounts, loans, credit cards, and investment services. Banks play a critical role in the economy by facilitating the flow of funds between savers and borrowers and providing liquidity to the financial system.
Banks must maintain a certain amount of reserves, which is a fraction of the deposits they receive, to ensure that they can meet customer withdrawal demands. If banks loaned out all of their deposits, they would not have enough reserves to meet these demands, which would lead to bank runs and financial instability.
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Plasto is a Spanish company that manufactures stadium seating for sports venues. It is one of many such manufacturers. The city of Marsia, which is going to host the next Olympic Games, forms a committee to make purchases of equipment that would be required at its venues. The committee has limited knowledge of the available products, but eventually decides to purchase Plasto stadium seating for the venues. This purchase by the recently formed committee is an example of a _____ situation.
Answer:
new-task.
Explanation:
A new-task situation can be defined as a business buying situation that typically involves a buyer purchasing a product or taking a service for the first time.
In a new-task situation, the buyer has no purchasing experience with respect to the product or service and as such would normally engage in an extensive search or research to weigh his or her options.
In this scenario, Plasto is a Spanish company that manufactures stadium seating for sports venues. It is one of many such manufacturers. The city of Marsia, which is going to host the next Olympic Games, forms a committee to make purchases of equipment that would be required at its venues. The committee has limited knowledge of the available products, but eventually decides to purchase Plasto stadium seating for the venues. Thus, this purchase by the recently formed committee is an example of a new-task situation.
What is unique about a dual-axis chart?
Data is coded with two different colors.
Data is charted by two different types of data.
The information on the axis has two different fonts.
One set of data is shown two different ways.
Answer: B
Or Data is charted by two different types of data.
Explanation:
I got it right
You are an American, working for a US hospital. The hospital sells services to a French hospital. Given a depreciation of the Euro, your French subsidiary (the one that receives the revenues from the French Hospital) received a lesser income last year, although a clause in your contract stipulates adjustment payment in US dollars. Therefore, your subsidiary has a balance sheet loss, although your consolidated global result is positive. This type of foreign exchange risk is known as:
Answer:
translation exposure
Explanation:
Translation exposure is also known as translation risk. In this type of risk, the value of a company's assets, equities, income, or liabilities change due to changes in the exchange rate,
French subsidiary received a lesser income last year, although payment will be adjusted in US dollars as per the contract.
Due to this, the subsidiary has a balance sheet loss, although the consolidated global result is positive.
This type of foreign exchange risk is known as translation exposure.
which of the following best completes the diagram? a. major credit card networks b. companies that handle the worldwide processing of credit card transactions c. companies that set the transaction terms for credit card companies d. all of the choices
major credit card and networks
2. Complete the chart by identifying which go the following modes of transportation is being described: truck,railroad, ship, aircraft, or pipeline. (5 points)
Answer:
1. Truck
2.Railroad
3. Ship
4. Air flight
5.Pipeline
Explanation:
The whole answer were in the FYI in the program but I made sure that its right because i they matched identicaly
Thank you!
Which quality is a requirement In order for a destination to become a tourism destination area (TDA)?
A. should be accessible by road
B. should be in a developed country
C. should have a unique feature
D. should have a moderate climate
Automatic stabilizers can do which of the following?A. offset the destabilizing influence of changes in tax revenuesB. aid the economy to move away from the full-employment output levelC. allow policymakers to formulate a set of rules flexible and comprehensive enough to eliminate discretionary actionsD. cause tax revenues to decrease when GDP decreases and to increase when GDP increasesE. allow policymakers to prescribe public works programs during inflationary periods because expenditures for unemployment and welfare have correspondingly decreased
Answer:
D. cause tax revenues to decrease when GDP decreases and to increase when GDP increases.
Explanation:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
Automatic stabilizers can be defined as changes in government spending or taxes and consequently, raises aggregate demand without the intervention of policy makers when an economy falls into recession.
In Economics, it is also referred to as built-in stability and this means that with given tax rates and expenditures policies such as fiscal and monetary policy; an increase in domestic income will reduce a budget deficit or produce a budget surplus, while a decline in income will result in a deficit or a lower budget surplus.
Basically, an automatic stabilizer is an economic system or policies that automatically shore up or strengthen the Gross Domestic Products (GDP) without specific government intervention for sustenance or creation of stability in the economic cycle of a country.
Hence, automatic stabilizers can cause tax revenues to decrease when GDP decreases and to increase when GDP increases.
what is the source document for cash sales of service