A legal firm would be considered a service company because they provide legal services to clients and persons.
Answer:
Total revenue rises immedately after the fare increase, since demand over the immediate period is price Inelastic.
Explanation:
Elasticity in the price demand measures the porcentage in the change of the quantity demanded as a response to a change in the price. If the elasticity is more than 0 but less than 1 it means that the price demand is inelastic. So when the price is rised the quantity demand will decrease in a minor porcentage than the rise in the price so it will represent a bigger revenue.
Answer:
$250 is the answer
Explanation:
As we want to calculate here the net income which could be found from the following formula:
Net Income or Profit = Sales - Expenses
In this case the sales figure is $750 and the expenses are $500.
By putting the values we have
Net Income = $750 - $500 = $250
Native advertising:
D. Doesn't include a sales pitch.
Explanation:
Native advertising uses paid ads that have to match the look and feel and even the style of the content that is being put up on the website to market another product.
It is an effective way of advertising in a time when he advertising numbing of people has been an understood concept.
The people have learnt not to fall for sales pitches that used to work before so the market has had to adapt to this by using native advertising that is not using some sales pitch overtly.