Answer: elastic
Explanation:
Elastic demand is a demand that occurs when the quantity demanded for a product or service results in a greater percentage change when there is a change in price.
For example, when there's a fall in price, this will lead to large change in quantity demanded for the good. Since there's an increase in the quantity demanded, it will lead to increase in revenue.
Answer:
a. People are the products of their social environment.
Explanation:
The basis for Durkheim's theory of society is the principle that people are the products of their social environments. around them. Emile Durkheim is a well known sociologist and developed lots of social structure theories, which includes the Division of labor, Anomie and Functionalism. The theories of Emile Durkheim's were founded on the concept of social facts, defined as the norms, values, and structures of society.
Well, outstanding debt is debt you owe to a creditor or multiple creditors. Outstanding debt can be on a credit card, loan or student loan. ... If the amount you owe is close to your credit limit that is likely to have a negative effect on your score.
<u>Full question:</u>
Financial statements are influenced by five important forces that determine a company's competitive intensity: (A) industry competition, (B) buyer power, (C) supplier power, (D) product substitutes, and (E) threat of entry.
Select one:
True
False
<u>Answer:</u>
Financial statements are influenced by five important forces that determine a company's competitive intensity - True
<u>Explanation:</u>
Michael Porter’s five forces of rival(s) can be applied to monitor and investigate the competitive edifice of an industry by attending 5 forces of opposition that impact and form profit potential. Supplier power. An evaluation of how simple it is for suppliers to force up prices. Buyer power. An estimation of how accessible it is for buyers to push prices dropping.
Competitive rivalry. The principal driver is the quantity and ability of competitors in the market. The threat of substitution. Where close alternate goods endure in a market, it improves the likelihood of customers shifting to alternatives. The threat of new entry. Favorable markets bring new entrants, which decays profitability.
Answer:
Money to be paid by each partner individually is $112,500
Explanation:
Let A and B are partners of a share amount Z
If A's amount is x and share of B's amount is y, then share of A is calculated as
x / (x + y) * z
Number of partners in Pizzarie is 6 with all having equal shares
Value of business is $675,000
Damage to be paid is $1.2 million
Hence, the money to be paid by each partners individually is:
= $675,000 / 6
= $112,500
Therefore, money to be paid by each partner individually is $112,500
