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Anni [7]
1 year ago
5

A lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible

. Otherwise, the errors in the estimation get compounded.
Business
1 answer:
natulia [17]1 year ago
3 0

True, A  lot of estimates go into the final calculation to determine market size, and each component needs to be as precise as possible. Otherwise, the errors in the estimation get compounded.

What does market size actually mean?

  • The total number of prospective customers for a good or service inside a certain market, along with the potential revenue from those sales, make up the "market size."
  • For a number of reasons, it's critical to determine and comprehend market size.

What is an example of market size?

  • For instance, a shoe company might find 100,000 people who are interested in its product, but data on income and accessibility reveals that only half of them have the resources to make a purchase.
  • The market that is open in that situation has 50,000 potential customers.

Learn more about market size

brainly.com/question/15062891

#SPJ4

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Decide whether you agree or
Leona [35]

Answer:

A. Disagree

B. Disagree

C. Disagree

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is elastic if a small change in price leads to a greater change in quantity demanded. The absolute value of elastic demand is usually greater than 1.

Demand is inelastic if a small change in price has little or no effect on the quantity demanded. The absolute value of inelastic demand is usually less than 1.

Demand is unitary, if a change in price has the same proportional effect on quantity demanded. The absolute value of unitary elasticity of demand is equal to 1.

The absolute value of elasticity for cocaine is 0.2 which indicates that it has an inelastic demand, if price increases, there would be no change in the quantity demanded. Amount spent on cociaine would increase and producers revenue would rise.

The absolute value of elasticity for Christmas three is 1.3 which indicates that it has an elastic demand. If price falls, the quantity demanded would rise and revenue earned by sellers would rise as a result.

When elasticity of demand is unitary, an increase in price leads to the same proportional increase in revenue.

I hope my answer helps you

3 0
3 years ago
Increasing the focus on employee development can also increase employee beliefs that microsoft values their contributions, creat
kolezko [41]

Increasing the focus on employee development can also increase employee beliefs that Microsoft values their contributions, creating received organizational support.

What is known as employee development?

Employee development is the process of improving the existing competencies and skills of employees and developing new ones to support the organization's goals.

The following finer points of interest are contained in this definition:

  • Employee development is not just about developing organizational L&D strategies
  • It's more than just mandatory employee training
  • It goes far beyond annual meetings with employees to discuss their shortcomings and highlight needs for improvement
  • When done right, even though employee development requires investment (time, effort, and funding) from the company, those investments will more than pay off in the long run.

To learn more about employee development, refer to:

brainly.com/question/21506950

#SPJ4

3 0
1 year ago
to prevent loss of work on the computer, it is essential to: a. name your document frequently. b. save your document frequently.
dimaraw [331]
B because if you don't save it it will be lost in your computer

7 0
4 years ago
Read 2 more answers
The following information is related to the defined benefit pension plan of Dreamworld Company for the year: Service cost $ 61,0
SIZIF [17.4K]

Answer:

The pension expense for the year is $94,130

Explanation:

The computation of the pension expense is shown below:

= Service cost + Interest cost - expected return of plant

where,

Service cost = $61,000

Interest cost = PBO, January 1 × discount rate

                     = $910,000 × 10%

                     = $91,000

Expected return on plant asset = Plan assets (fair value), January 1 × Long-term expected return on plan assets

= $643,000 × 9%

= $57,870

Now put these values to the above formula  

So, the value would equal to

= $61,000 + $91,000 - $57,870

= $94,130

6 0
3 years ago
Which of the following is an economic resource?
Nat2105 [25]
Ehhhgh Money I believe m8 could be wrong
7 0
3 years ago
Read 2 more answers
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