Answer:
Price elasticity will increase
Explanation:
Price elasticity is defined as a measure of how sensitive quantity demanded of a product is the changes in price.
As a general rule when price increases the demand Falls and when price reduces demand rises.
Mathematically,
Price elasticity = (change in quantity demanded) ÷ (change in price)
In the given scenario other car manufacturers such as General Motors, decide to make and sell SUVs.
This will create a substitute in the market.
Ford motors will be forced to reduce price in order to maintain or increase their clientele base.
As price reduces the price elasticity will increase.
Answer: Eliminating the activities that do not add value
Explanation:
The operation management is basically refers to the business administration that perform various types of function in an organization.
It is responsible for increasing the efficiency of an organization which means that the company eliminating the various types of activities which does not add any type of values for organization.
It also involve the various types of planning process, coordinating, controlling and organizing all the company resources for producing the effective products and the services.
Therefore, The given answer is correct.
Answer:
Following is given the detailed solution to the question given.
I hope it will help you a lot!
Explanation:
Answer:
$191,000
Explanation:
The computation of straight line depreciation is shown below:-
Straight line Depreciation:
= (Book value - Salvage value) ÷ Remaining life
= ($1,250,000 - $295,000 - 0) ÷ (From 2015 to 2019)
= ($1,250,000 - $295,000 - 0) ÷ 5 year
= $191,000
Therefore for computing the straight line depreciation we simply applied the above formula.