Answer: Jimmy's Peanut Farm has to decrease its prices by 2.5% in order to achieve a 1% increase in the quantity of peanuts it sells.
Jimmy's Peanut Farm can increase the quantity sold by 1% only when the demand for peanuts increases. Demand for peanuts will increase only when the price of peanuts decrease. The Price Elasticity of Demand measures the responsiveness of demand to a percentage change in price.
The formula for Price Elasticity of Demand (PED) is given by the formula:
We have:
Percentage increase in quantity 1% or 0.01
Price Elasticity of Demand (PED) 0.40
Re-arranging the PED formula above we get,
Substituting the values in the equation above we get,
Answer:
The answer: ''In other words, it examines how actions and events involving top executives, firms and industries influence a firm's success or failure'' is correct.
Explanation:
To begin with, in the field of business the managers tend to be very agressive and competitive in order to set their companies in the top of the industry and therefore to obtain the maximun profits as possible.
To continue, the strategic management group wonder themself why do some firms outperform other firms and the answer to that question has many factors that influece the situation where that happens, in other words, it is normal that many companies with less resources, such as money or human knowledge, tend to give a worst performance that other companies that count with executives with huge experience or better economic situations in the industry. Moreover, it is known that the companies with a manager that knows how to manage the business with the resources it has and how to comprehend the situation where it heads will perform at a higher level than the other.
Bank Account (Personal) – Debit the Receiver
Loan Account (Personal) – Credit the Giver
Assets = Capital + Liabilities
One thing about private property is that they are sustained by the right of individuals to designate who will receive their property when they die.
<h3>What makes private property so alluring?</h3>
Private property refers to the legal right of a person to own a property and decide what to do with it within the laws of the nation.
In the U.S., a private property owner is allowed to give their land to whomever they want. This is the chief factor that sustains private land because people acquire them knowing they can pass them on when they die.
Find out more on private property at brainly.com/question/4955225.
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Answer:
If an incident is too large or too complex and it exceeds the span of control of one single Incident Commander, the ICS may appoint staff positions, called Section Chiefs to help the Incident Commander oversee different components of the operation. These staff positions include doers (operational staff), thinkers (planning staff), getters (logistics staff) and payers (financial staff).
Explanation:
One of the main principles of the ICS is to limit the span of control of individuals. For example, usually when a supervisor has more than seven people under his/her control, or directly reporting to him/her, the supervisor needs to divide tasks with another supervisor or another person to lower responsibility and span of control.