Answer:
Both supply and demand are elastic.
Explanation:
Demand or supply elasticity is defined as elasticity or responsiveness with more than one numerical value, which indicates their high response to the change in price.
Elastic demand: It is the percentage change in quantity demanded due to the change in price in absolute value of the product.
The elasticity of supply: It is defined as the response of the quantity of a good supplied to a change in the price of the good. Likely to be positive in output.
FORMULA; Elasticity of supply= 
Due to the decrease in the supply of goods in the market, it leads to the scarcity of goods, therefore there is an increase in the price of goods.
The ratio could increase with the purchase of $170,000 of inventory on account.
Answer: Transportation Inventory
Explanation: Transportation or transit inventory is a type of inventory that accounts for goods a company has paid for but is yet to be delivered to their warehouse.
The company described in the question is involved in transit inventory and ensures to keep reserves of products they sell, in case their goods are not delivered before the time their customers need them.
Both of the president are not good president to be honest
Answer:
a. consultative
Explanation:
In consultative selling, the seller is more of a consultant than a sales representative. He or she engages the customer in a bid to understand the kind of a solution that best suits the client. The focus is not to close the sale as fast as possible but understand the client's needs first. Consultative selling is also called relationship selling.
Relationship or consultative selling is in contrast to transactional selling, where the seller tries to push a product to the client. Consultative selling attempts to establish a journey towards closing the sale. In this journey, the seller and client consult and agree on the best product to address the customer needs. The relationship leads to a win-win situation where the customer gets an ideal solution, and a sale is closed.
Consultative selling best applies in high-end products where the decision to but may take a few weeks.
