<span>The situation in which the sales is shifted from selling strictly components to solving its customers' problems with more tailored offerings is an example of modified rebuy.
</span><span> The economic term modified rebuy describes the buying situation in which the buyer wants to reorder a product or service but seeks changes to terms, prices, suppliers or product specifications, but the product or service is the same. The buyer just reorders the product under different terms.</span>
The difference between collaborative consumption firms is that ZILOK PROVIDES INVENTORY WHICH ARE PROVIDED BY PARTICIPATING CITIZEN SUPPLIERS WHILE CHEGG OWNS ITS OWN INVENTORY.
Collaborative consumption is an economy system of decentralized networks and market places which unlock the value of underused assets by matching consumers in a manner which bypass middlemen. It is also called sharing economy. Zilok and Chegg are examples of collaborative firms.
Answer: Net Income
Explanation:
Net Income is the profit made by a company after it has finished paying off all expenses including taxes and interest payments on debt.
Calculating the net income is the main purpose of the Income statement which is where we will see the expenses that the business is incurring and how much sales they are making to get such profits. This net income is then transferred to the Retained Earnings in the balance sheet.
Answer:
11.057 years
Explanation:
For computing the number of years we need to apply the NPER formula i.e to be represented in the attachment below:
Given that,
Present value = $1,000 × 8% ÷ 7.55% = $1,059.60
Assuming Future value = $1,000
Rate of interest = 7.2%
PMT = $1,000 × 8% = $80
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the number of years is 11.057 years
Answer: b) Supply is inelastic and demand is inelastic.
Explanation: Dead-weight loss is the loss in total surplus when a tax is imposed on a good which restricts demand and supply from balancing. When both the demand and the supply curves are inelastic, the effect of a tax will be lead to a small change in the quantity being traded in the market. Thus, the equilibrium quantity at the taxed price will not fall much and the dead weight loss will therefore, be smaller.