Name three factors that determine a good’s or service’s elasticity.

Answers

Answer 1

Answer:

Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price.

Explanation:

Answer 2

Answer:

(1) availability of substitutes(2) if the good is a luxury or a necessity, (3) the proportion of income spent on the good, and(4) how much time has elapsed since the time the price changed.

Related Questions

Give three reasons why building apps might not be the sole source of income for an individual.

no weird links YOU WILL BE REPORTED

Answers

Answer:

because of there poor user experience, not choosing a platform wisely and a poor executed mobile app launch :)

Quick! Suppose a local pizza place is hiring, with a big sign in the window saying HELP WANTED. You walk in, interested in the job. What would you say to convince them to hire you?

Answers

Say your good points in jobs, why you are interested in the job things like that...

The main reason that Starbucks was able to have the main share of coffeehouses in the world is just two decades is that they: used tangible resources to provide their product. capitalized on the economic climate at the most opportune time. were the only coffeehouse to offer premium coffee during extended hours. successfully applied their knowledge and skills to better serve customers.

Answers

Answer:

Were the only coffeehouse to offer premium coffee during extended hours.

Explanation:

Starbucks has a significant share in global markets, it has developed it in not so long time.

Reason behind it might be that - Its premium coffee beans & consequently coffee quality. This complimented with fair range of coffee varieties, relaxing & comfortable ambience, specially during extended hours - helped it attain the status.

Does it matter how often banks charge interest?

Answers

Answer:Basically no

Interest is charged on a monthly basis in the form of a finance charge on your bill. If you have a revolving balance, you will lose that 21-day interest-free grace period on purchases.

Which point on the business cycle BEST represents an expansionary phase?

Answers

Answer: the answer is D

Explanation:

Expansionary could also be used as going up

On the given diagram of graph, the business cycle best represents an expansionary phase is Point D. The correct option is (D).

What do you mean by the business cycle?

Business cycles are characterized by a country's economic activity experiencing a boom in one period and a fall in the next.

The two key stages of a business cycle are basically prosperity and depression. The expansion, peak, trough, and recovery stages are also intermediate phases.

The expansion phase of a business cycle is represented by the cycle line that rises above the steady growth line. The production, employment, output, wages, profits, demand and supply of goods, and sales all rise during the expansion phase of a business.

Here,

According to the graph, the points represents the phases as:

Point A = Peak phases.

Point B = Recession phases.

Point C = Trough phases.

Point D = Expansion phases.

Therefore, the given diagram of graph, the business cycle best represents an expansionary phase is Point D.

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Fund Net Asset Value Offering Price Change Capital $9.01 $9.59 - .02 Common $6.37 $6.64 - .04 Corporate $7.72 $8.44 .03 A customer who placed an order to buy 200 shares of Capital Fund this day will pay: A $1,802 B $1,802 plus a commission C $1,918 D $1,918 plus a commission Review

Answers

Answer:

C $1,918

Explanation:

Calculation to determine what Capital Fund this day will pay

Using this formula

Capital fund=Capital Offering price*Number of shares

Let plug in the formula

Capital fund=$9.59 per share x 200 shares

Capital fund=$1,918.00

Therefore Capital Fund this day will pay:$1,918.00

3 Do you think the conflict of interests between these different stakeholder groups could ever be resolved? Explain your answer. [10]

Answers

Answer:

t is possible to resolve conflicts of interest between groups of stakeholders using some techniques and strategies that seek to integrate stakeholders and promote agreements that benefit everyone.

Explanation:

Managing conflicts is not a simple task, so it requires substantial efforts by the entire administration to develop the best strategies for resolving conflicts. It is essential that there is an understanding of the reasons that led to the conflicts and the search for solutions that benefit the greatest possible number of stakeholders.

In a conflict situation, communication is an essential tool in the resolution, it is necessary to know how to listen to all parties and be transparent about the search for an agreement that benefits everyone. It is necessary to integrate the teams and make each one feel heard and understood with regard to conflict and claims. The search for solutions must be the main objective when resolving a conflict, when managed effectively, it is possible to eliminate the reason for the conflicts and even make the teams more motivated at work.

This is for business management, can anyone help me?

Answers

I might be so wrong but I think it is B

hope it was right have a awesome day :)

25 points, whats the worst thing that has happened in your life?

Answers

Answer:

I went into debt in 2015 :(

Parents divorced, no rights anymore, half of my family hates me without meeting me in the first place

You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at $244.37. Your recommendation should be:

Answers

Answer: buy the stock

Explanation:

Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.

By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.

The following information pertains to Sunland Company. Assume that all balance sheet amounts represent average balance figures. Total assets $261000 Stockholders' equity-common 130500 Total stockholders' equity 185500 Sales revenue 95500 Net income 29500 Number of shares of common stock 6100 Common dividends 5100 Preferred dividends 7600 What is the return on common stockholders' equity ratio for Sunland

Answers

Answer:

the Return On COmmon Stockholders Equity is 16.78%

Explanation:

The computation of the return on the common stockholder equity ratio is shown below;

Return On Common Stockholders Equity is

= (Net Income - Preferred Dividend ) ÷ Average Common Stockholders Equity

=  ($29,500 - $7,600 ) ÷  130,500

= 16.78%

Hence, the Return On COmmon Stockholders Equity is 16.78%

Which options are SmartArt categories? Check all that apply.

Bubble Map
Fishbone
Hierarchy
Matrix
Picture
Pyramid

Answers

Answer:

3 4 5 and 6

Explanation: edge

An externality is an unwarranted cost or benefit that affects...

O the producer only
O the consumer only
O a third party
O both the producer and consumer​

Answers

Answer:

a third party

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that affects a third party.

An agent's client calls on Monday to discuss the current market situation. They discuss how 100 shares of KAPCO common stock would be an appropriate addition to the client's portfolio. On Thursday, the client calls and tells the agent to place an order for the KAPCO stock at whatever price the agent feels is best. The agent waits until Friday, purchasing the stock at a price $2 per share below Thursday's low. In this case the agent acted A) improperly; the order should have been placed on Thursday B) properly because the agent used discretion as to price and time C) improperly; the order cannot be placed without prior written authorization allowing discretion D) properly because the agent saved the client money

Answers

Answer:

A) improperly; the order should have been placed on Thursday

Explanation:

An agent is someone that is contracted by a client to effectively manage his business interest and also to follow client instruction on time in order to make profit for the client.

In the given scenario the agent received instructions to place an order for the KAPCO stock at whatever price the agent feels is best.

Since they had initially discussed the suitability of the KAPCO stock before now, the agent should have placed the order immediately.

However his delay till Friday resulted in a loss of $2 per share below Thursday's low.

The agent acted improperly.

Activity based costing: Question 14 options: corrects the distortions built into product costing by the way that the learning curve is applied to direct labor costs. corrects the distortions built into product costing by the way that direct costs are allocated. eliminates nonvalue-adding activities; reduces activity occurrences, and reduces the cost driver rate. is important to cost accountants, but has little practical use for buyers. eliminates nonvalue-adding activities, increases activity occurrences, and increases the rate of return.

Answers

Answer: corrects the distortions built into product costing by the way that direct costs are allocated

Explanation:

Activity-based costing simply refers to a costing method whereby the activities in an organization are identified and then the cost of each activity are assigned to the products and services based on the actual consumption by each of the product.

It should be noted that in activity cost, more indirect costs are being assigned into the direct costs when it's being compared to the conventional costing. It corrects the distortions that are built into product costing through the allocation of the direct costs.

when proving cash , cash balance is compared to _____.?

Answers

C or d sorry not to sure

When proving cash, the cash balance is compared to the chequebook balance. Thus, option 'D' is the correct option.

What is cash balance?

The sum of money that a business has on hand at the moment is called its cash balance. This cash is held in reserve to cover any unforeseen financial shortfalls. Without this financial safety net, companies could find themselves unable to cover their expenses. Normally, cash balances are put toward debt repayment or given as dividends to investors.

Cash balance = beginning cash balance + cash inflows – cash outflows.

On the balance sheet, cash is categorized as a current asset, which causes it to rise on the debit side and decrease on the credit side. Due to the order of liquidity, cash will often be at the top of the current asset part of the balance sheet. Currency, bank accounts, and undeposited cheques are all considered cash on a balance sheet.

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Amber arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. What did Amber do wrong

Answers

Answer:

She should not have brought up salary.

Explanation:

From the question we are informed about Amber who arrives for her first interview with Overseas Ventures, Inc., fifteen minutes early, wearing a dress blouse and a business suit whose skirt hem hits her knees. During the interview, she mentions a successful cost-cutting measure she implemented on her current job. She expresses gratitude for the opportunity her current employer gave her. She mentions what her current salary is and says she hopes the prospective employer can better it. After the interview, she sends a thank-you note to the manager who interviewed her. In this case, What she did wrong was that should not have brought up salary.

An interview can be regarded as

a structured conversation between

interviewer as well as an interviewee, the interviewee could be a participant seeking for job. It is one-on-one conversation, during interview

information from a person can be obtained through oral responses of a participant. In case of the question, she should not have brought up salary.

Though she mentioned Cost reduction which was one of her strength and it's regarded as is the process engaged by companies in reducing their costs and also brings increase to their profits.

Unless an exemption applies, under the Investment Advisers Act of 1940, an investment adviser is required to A) furnish a statement of the total dollar amounts of securities bought and sold each year to customers B) maintain a bond for an amount based on the assets under management C) furnish an audited balance sheet each year to customers for whom the advisor maintains custody D) provide each advisory client with a brochure or a summary of material changes within 120 days of the end of its fiscal year

Answers

Answer:

for example in a small timr of a gift shop in a large bowl with the story and the app store and all of them in a new location for the next i would have a little bit more float in my house and the other half the time it is th good for me a lot and all of my dear friend and all the others I am not playing in my own words and all the other ones are you and all the others who have a problem

If I wanted to buy one of 2 items, a bike or a new TV, and after
consideration of my need to get exercise and fresh air, I chose to buy
the bike. Then, my opportunity cost would be the TV.
True
O False

Answers

Great question! I believe this is true because using a bike is also efficient to get to work which will get you more money to buy said tv. So I think this may be true

The elements of a company's business model are Group of answer choices its deliberate strategy, its emergent strategy, and its realized strategy. its business strategy, its collection of competitively valuable resources, and a strong management team. its actions to capture emerging market opportunities and defend against threats to the company's business prospects, its actions to strengthen competitiveness via strategic alliances, and its actions to enter new geographic or product markets. management's answers to the questions: Where are we now

Answers

Answer:

The question is incomplete, there is one option that remains missing. The option missing is:

Its customer value proposition as well as the company's profit formula.

And that is correct answer.

Explanation:

To begin with, the term known as "business model" refers to the specific course of action that a group of people have established to be the way that they will use in order to make a business and obtain a profit from it. Therefore that the most important elements of these model tend to be the customer value proposition as well as the company's profit formula given the business stated. Moreover, the business model is characterized as well for identifying the company's target audience and the product or service that they are planning to sell.  

All of the following are considered examples of disreputable conduct for which a CPA can be disbarred or suspended except Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment. Misappropriation or failure to remit funds received from a client for the purpose of payment of taxes or other obligations due the United States. Failure to timely pay personal income taxes.

Answers

Answer:

Failure to timely pay personal income taxes.

Explanation:

Rules of Conduct

This is simply said to be a full stated guidance to aim to help an auditor in applying broad principles contained in AICPA's Code of Professional Conduct

These Disreputable conduct if commited by an attorney, certified public accountant, or enrolled practitioner, it can therefore lead to them being disbarred or suspended from practice before the Bureau.

Rules sometimes do changes over time due to the fact that members of profession encountered specific ethical dilemmas in complying with the principles of the code

There are 6 Principles of the AICPA Code of Professional Conduct. They cover:

1. Responsibilities

2. The Public Interest

3. Integrity

4. Objectivity

5. Due Care

6. Scope and Nature of Services

The disreputable conduct for which a CPA can be disbarred or suspended includes the following;

1. When they Directly or indirectly attempting to influence the official action of any employee of the Internal Revenue Service by use of threats or false accusations or by bestowing any gift, favor, or thing of value.

2. Knowingly aiding and abetting another person to practice before the Internal Revenue Service during a period of suspension or disbarment.

Fill in the blanks with the word from the drop-down list that best completes each passage. A marketing channel, also called a " Select channel," is one critical component of a distribution strategy. Marketing channels provide the means by which goods and services flow from the Select to the consumer or business user. Most marketing channels involve at least one Select or middleman, but the simplest marketing channel is a direct channel. Reverse channels involve the return of goods to their producers, for example, by Select or recall.

Answers

Answer: See explanation

Explanation:

A marketing channel, also called a (distribution) channel," is one critical component of a distribution strategy.

Marketing channels provide the means by which goods and services flow from the (distributor) to the consumer or business user.

Most marketing channels involve at least one (intermediary) or middleman, but the simplest marketing channel is a direct channel.

Teverse channels involve the return of goods to their producers, for example, by (recycling) or recall.

The marketing channel is a vital aspect in the distribution strategy as it helps in the distribution of goods from the producer till it gets to the consumers.

The summer internship is five weeks long, approximately 30 hours per week for 150 hours total.

Answers

Answer:

true

Explanation:

Scholarships, grants and work-study money all reduce the _____ of higher education.
A. Retail price
B . sticker price
C. net cost
D. sticker shock

Answers

There are different kinds of grants. Scholarships, grants and work-study money all reduce the net cost of higher education.

Net price in this aspect is known to be the college's annual cost of attendance not including grants, scholarships, tuition waivers etc., that student receives for one year of college.

It is known as the forms of financial aid that a student does not have to repay or earn through work. If a student do get or wins a private scholarship, it helps to reduce the net price.

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18. Would you expect, in some cases, to see only an income effect or only a substitution effect? Explain.19. Which is larger, the income effect or the substitution effect​

Answers

The income effect because you’ll gain more money personally and the substitution effect is about everybody in the building getting a “fair share”.

Summarize what is a stock?

Answers

A stock is a share in the ownership of a company. A bond is an agreement to lend money to a company for a certain amount of time. Companies sell securities to people to get the money they need to grow. People buy securities as investments, or ways of possibly earning money. Overtime, if you make super good investments and a good couple years you could be making thousands!

Jack is a sales professional who is employed in an auto dealership. At the beginning of every year, he and his supervisor determine objectives for Jack together, which are tied to corporate objectives. One of the objectives is related to customer satisfaction. Jack always remains in contact with customers to whom he sold cars even after six months following the sale. His performance appraisal partially depends on the results of a customer satisfaction survey. What kind of performance appraisal system does this auto dealer use

Answers

Answer:

Goal-oriented system

Explanation:

Goal orientation means the person or the organization would be focused towards their task and the ending task results. As if the task is perform well than the company would accomplish their goal in less minimum time but if the task is not perform well so there is a chances than the goal could not be achieived.For this, the proper planning & strategy is needed  

Since in the given situation, jack performance appraisal would be partially based upon the customer satisfaction results so here the goal-oriented would be used

The Hendersons have just bought a home that requires some monthly yard maintenance. They are trying to decide if they should hire a professional lawn care service to maintain the property or do it themselves. Below are the costs associated with both options: Professional Service Option Do-It-Yourself Option $75 for the first month $250 lawnmower $45 per month after initial visit $135 edger Includes mowing and edging the lawn, trimming the bushes, and raking the leaves. $69 hedge trimmer $25 rake How long would it take before the Hendersons would recover their costs if they chose to do it themselves over the professional service

Answers

Answer: 10 months

Explanation:

It would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

Here is how;

Doing it themselves would cost -

$250 - For a lawnmower

$135 - For an edger

$69 - For a hedge trimmer

$25 - For a rake

Summing these up gives $479

It would cost the Hendersons $479 to purchase equipments to carry out their monthly yard maintenance themselves.

On the other hand, if they were to hire a professional service, it would cost

• $75 for the first month and

• $45 for subsequent months

So, $45 * 9months = $405

$405 + $75 (for the initial month) = $480

Comparing the $480 for a professional to the $479 it would cost to purchase equipment and do it themselves, it would take the Hendersons 10months to recover their cost if they decide to do it themselves over the professional service.

If the Hendersons chose to go Do-It-Yourself Option over the Professional Service Option, it would take them 10 months to recover their investment in the purchase of Lawnmower and Rake.

Data and Calculations:

Costs of Maintenance Options:

                                         Professional      Do-It-Yourself

                                      Service Option           Option

First month                                $75                   $250

Monthly Fee after first month     45

Edger                                                                     135

Hedge Trimmer                                                     69

Rake                                                                       25

Total Do-It-Yourself Costs                               $479

First month payment for professional service (75)

Total costs less Professional Service (first)  $404

The number of months to recover costs = 10 months ($404/$45) + 1)

Thus, if the Hendersons chose to go Do-It-Yourself Option over the Professional Service Option, it would take them 10 months to recover their investment in the purchase of Lawnmower and Rake.

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Experience indicates that strategic alliances Group of answer choices work best when they are aimed at achieving a mutually beneficial competitive advantage for the allies. work well in cooperatively developing new technologies and new products but seldom work well in promoting greater supply chain efficiency. are generally successful. are usually a company's best approach to building a distinctive competence. stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.

Answers

Answer: Stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals

Explanation:

Strategic alliance occurs when two or more companies join hands together in order to achieve strategic outcome that's mutually beneficial to the parties involved.

It should be noted that companies to into Strategic alliance in order to improve market access, improve supply chain efficiency and to also gain economies of scale.

Lastly, it should be noted that strategic alliances stand a reasonable chance of helping a company reduce competitive disadvantage but very rarely form the basis of a durable competitive advantage over rivals.

1.What is a story?
2.What are the elements of a story ?​

Answers

Answer:

an account of imaginary or real people and events told for entertainment.

The parts of a story consist of five main elements: characters, setting, plot, and conflict along with theme.

hope this helps

have a good day :)

Explanation:

A story is an account of imaginary or real people told for entertainment.

elements of a story are characters, setting, plot, theme and conflict.

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The column must have from 250 to 300 words. Take into account the structure of a column. Project: Peer PressureThis assignment is about understanding moral dilemmas and finding solutions to peer pressure. It consists of a series of scenarios in which someone is subjected to peer pressure and must make a moral choice. Your assignment is to answer the following five questions regarding each of the five scenarios. Your answers to each of the questions should be at least one paragraph.Scenario One: Mario, a high school freshman, is at a school football game on a Friday night with his friends Jay and Tim. Jay shows Mario and Tim a flask filled with whiskey he took from his parents' liquor cabinet. Jay and Tim each take a swig and pass the bottle to Mario, who knows he should not drink and has promised his parents he would not until he was twenty-one. 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