Answer:
The answer is YED for concert tickets = 20%/ 20% = 1
YED for bus rides = -20% / 20% = -1
Explanation:
income elasticity of demand (YED) = % change in Quantity demanded / % change in income
% change in income= (240-200) / 200 * 100= 20%
YED for concert tickets = 20%/ 20% = 1
YED for bus rides = -20% / 20% = -1
The income elasticity of demand for concert tickets and bus rides is unitary which means the rise in income is proportionate to the increase in the quantity demanded.
Answer: GNP; GDP
Explanation:
<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>
Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.
This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.
Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.
Answer:
Political events like a candidate rally are particularly tricky for companies, and sponsoring them could result in a lot of consumer backlash, specially from the people who are not affiliated to the sponsored politician or political party.
This is why many companies avoid political sponsorships or political statements, because politics is a very divisive issue, and while such an action could earn the company the loyal following of a few, it could also discourage a lot more people from ever buying their products.
This is my short version.
SWOT: strengths, weaknesses, opportunities and threats.
This is usually accomplished with a large management team. They can break out into teams, for an amount of time they start with strengths. They record and present. Reviewing the similarities help them focus. The ones that don't watchman be reviewed at another time. Do the same with the other categories. Allow 15 minutes for each discussion and 5 minutes for presentation. Hang them on the walls.
GOAL. To finish the 4 categories in about 2 - 2 1/2 hours.
NEXT STEP. Narrowing down the categories so that it is meaningful, doable and beneficial to the attendees.
This is called "where the rubber meets the road." This is where you need the time to discuss and move them towards decisions.
Example:
Strengths: great employees; good, solid management team
Weaknesses: Takes too long to hire when there is a vacancy; sometimes HR gives us resumes that do not match the vacancy
Opportunities: HR may relook at the hiring process, vacancies may get filled accurately and in less time
Threats: HR has vacancies also and they need additional manpower, finding time to improve
HOPE THIS HELPS!!!
