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Ber [7]
3 years ago
13

Supply of a product will tend to be more inelastic when

Business
1 answer:
lara31 [8.8K]3 years ago
3 0
The supply of the product tend to be more inelastic when the prices of the goods are high. Supply inelasticity is caused by the sudden change of the price of goods needed to release the supply and more often than not, that change of price is a price hike; meaning, the increase of price reasonable or not.
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Poor internal compliance with supply processes may indicate that internal customers do not trust the supply process or the suppl
bagirrra123 [75]
That statement is True

Internal Compliance is carried out to ensure that all process are done according to regulated rules and standard

Poor internal compliance could indicate that certain process is not carried out according to standard, which could damage the trust of internal customers
3 0
3 years ago
Activities included (and not included) in the calculation of GDP
iVinArrow [24]

Answer:

market value; goods

The gross domestic product (GDP) of the United States is defined as the _market value_ of all _final goods and services_ in a given period of time.

Explanation:

Calculo, a U.S. electronics company, produces a calculator at a plant in Indonesia on March 27, 2015. Calculo imports the calculator into the United States on May 18, 2015.----- The GDP won't be affected by this mainly because it is imported.

Rotato, a U.S. tire company, produces a set of tires at a plant in Michigan on September 25, 2015. It sells the set of tires to Speedmaster for use in the production of a two-door coupe that will be made in the United States in 2015. (Note: Focus exclusively on whether the production of the set of tires increases GDP directly, and ignore the effect of the production of the two-door coupe on GDP.)----- This would have an effect on the GDP because it is a finished domestic product.

An accountant starts a client's 2015 tax return on April 14, 2016, finishing it just before midnight on April 15, 2016.--- This is excluded, the 2015 gdp won't be affected by this.

Fastlane, a Japanese automobile company, produces a sedan at a plant in Indiana on December 9, 2015. A family buys the sedan on December 24. ---It is included as it affects the GDP.

Awake Cafe, a U.S. coffee company, produces a latte at its location in Minneapolis on January 14, 2015. It sells the latte to a customer immediately.----- It affects the 2015 gdp because it's a domestic product.

3 0
3 years ago
Marcy’s company produces grandfather clocks. Each clock costs them $164 to make, and they can sell a clock for $625. If their an
sergiy2304 [10]

Answer:

Ans. C) 208 grandfather clocks to break even

Explanation:

Hi, First, let´s introduce the Break-even point (BEP) in units equation that we need to use.

BEP=\frac{FixedCosts}{(Price-VarCost)} =[units]

Therefore, our solution has to look like this:

BEP(Units)=\frac{96,000}{(625-164)} =208(rounded)

So, in order to break-even, this company has to sell 208 clocks each year.

Note. 208 was the value obtained when the answer was rounded to the nearest unit.

If you´d like to know how much is that in dollars, you just go ahead and multiply the price by 208 and you will get.

BEP(dollars)=208Units*\frac{625Dollars}{Unit} =130,000

Best of luck.

6 0
3 years ago
CRM allows an organization to accomplish all of the following except:
klemol [59]

Answer: C. Complicate Marketing and Sales processes.

Explanation: Customer Relationship Management (CRM) is aimed at fostering a better and more efficient company to customer/client relationship. Customer Relationship Management provides platforms and services required to make customers feel comfortable and happy, thereby increasing client retention and influx and ultimately driving sales. Customers Relationship Management provides better customer service, efficient call center services by ensuring customers can easily make enquires and get adequate information, Ensure that deals are closed faster by providing adequate support for their staffs.

Complicating marketing and sales processes is against the duties and objectives of customer relationship management.

3 0
3 years ago
Which of the following is considered the process in the systems thinking example of a decision support system?
LuckyWell [14K]

Answer: C. Optimization

Explanation:

In the decision making system, TPS is considered to be the input in the systems thinking example.

In the decision making system, optimization is considered to be the process in the systems thinking example.

In the decision making system, TPS is considered to be the input in the systems thinking example.

In the decision making system, a forecast is considered to be the output in the systems thinking example.

7 0
3 years ago
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