Answer:
B. a small percentage decrease in price produces a larger percentage increase in quantity demanded and total revenue increases.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is elastic if a small percentage decrease in price produces a larger percentage increase in quantity demanded . Total revenue would increase because the percentage increase in Quanitity demanded exceeds the percentage decrease in price.
If demand is elastic, a small percentage increase in price produces a larger percentage decrease in quantity demanded and total revenue increases.
Here, total revenue falls because percentage decrease in price exceeds the percentage increase in price.
Demand is inelastic if a small percentage decrease in price produces a smaller percentage increasein quantity demanded.
Demand is perfectly inelastic if the quantity demanded remains the same regardless of level of price.
I hope my answer helps you
Answer:
$27,720
Explanation:
Calculation for the amount of G's 2022 salaries expense related to 2021 vacation time
First step is to find the Total salary expenses
G's employees earned average of $720 per week
Total vacation week in 2021 were not taken 550 week
Hence,
Total salary expense of G corporation = $720 per week × 550
Total salary expenses = $396,000
Second step is to calculate the salaries expense amount related to 2021 vacation time
Using this formula
Salaries Expense of G's 2022 = Total salary expenses × Wage rate
Let plug in the formula
Salaries Expense of G's 2022 = $396,000 × 7%
Salaries Expense of G's 2022
The amount of G's 2022 salaries expense = $27,720
Therefore the amount of G's 2022 salaries expense related to 2021 vacation time will be $27,720
Describe the current global strategy and provide evidence about how the firm’s resources and competencies support the pressures regarding costs and local responsiveness. Describe entry modes they have usually used, and whether the modes are appropriate for the given strategy is described below
Explanation:
Global Strategy’ is a shortened term that covers three areas: global, multinational and international strategies. Essentially, these three areas refer to those strategies designed to enable an organisation to achieve its objective of international expansion.
In developing ‘global strategy’, it is useful to distinguish between three forms of international expansion that arise from a company’s resources, capabilities and current international position.
Implications of the three definitions within global strategy:
International strategy: the organisation’s objectives relate primarily to the home market.
Multinational strategy: the organisation is involved in a number of markets beyond its home country. But it needs distinctive strategies for each of these markets because customer demand and, perhaps competition, are different in each country. Importantly, competitive advantage is determined separately for each country.
Global strategy: the organisation treats the world as largely one market and one source of supply with little local variation. Importantly, competitive advantage is developed largely on a global basis.
Answer:
The exception is due to vacation.
Explanation:
This is an example of a right answer, while, yes the individual must be registered in Canada, the exception is due to vacation.
Answer:
they promote there company by advertising the product making commercial
