Answer:
Income elasticity of demand is an economic measure of how responsive the quantity demand for a good or service is to a change in income. The formula for calculating income elasticity of demand is the percent change in quantity demanded divided by the percent change in income.
Answer:
The variable rate loan term best describes this loan.
Explanation:
In these type of loans variable interest rate is charged. A variable interest rate is a floating interest rate on a loan or security (bonds,debentures) that changes over time because it is based on an underlying benchmark interest rate or index that changes periodically. So the interest payment fluctuates with change in benchmark.
The advantage of a variable interest rate is that if the underlying interest rate or index falls down, the borrower’s interest payments also decrease. Accordingly, if the underlying index rises, interest payments increase.
Answer:
<h2>Use up stores of nervous energy they have. </h2>
Explanation:
hopes this helps:)
Answer:
14,000 units
Explanation:
By the use of the cost volume analysis concept, the break-even point is obtained by dividing fixed costs by contribution margin per unit.
in this case,
fixed costs are $98,000
contribution margin per unit??
CM per unit = selling cost per unit - variable cost per unit
=$12- $5
contribution margin = $7 per unit
break-even point= $98,000/ $7
break -even = 14,000 units
Answer:
The correct answer is letter "D": A web design company catering to small businesses.
Explanation:
Environmental scanning is a research conducted by a company in the attempt of finding out what is happening in the market and inside the organization. The SWOT (<em>Strengths, Weaknesses, Opportunities, and Threats</em>) analysis is the most used tool to conduct environmental scanning. The study aims to unveil chances from where the organizations can take advantage to make profits.
In such cases, <em>a web design company could use environmental scanning to spot small businesses without web pages or with web pages with poor designs so they can help small businesses to improve their online marketing interface. Eventually, the web design company will be benefited from the revenues of its works.</em>