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3 years ago

Ch.11 what are the four characteristics used to classify retailers?

2 answers:

Studentka2010 [4]3 years ago

7 0

There are four characteristics used to classify each retailer. These are used to satisfy each and every customer's needs. The first one is the type of merchandise they sell. Second is the level and type of customer service given. This is the type of merchandise sold at the retail store. The last characteristic is the price of the merchandise being sold at the retailer.

denpristay [2]3 years ago

3 0

Four characteristics used to classify retailers:

1. measure of good or services the retailer is going to offer
2. the broadness and profundity of their product offerings
3. relative costs they charge
4. how they are composed

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Consider public policy aimed at smoking. Studies indicate that the price elasticity of demand for cigarettes is about 0.2. If a

melomori [17]

Answer:

$7.5

Greater

Explanation:

Price elasticity of demand = percentage change in quantity demanded/ percentage change in price

0.2 = 10%/ percentage change in price

percentage change in quantity demanded = 50% = 0.5

0.5 = (New price - $5) / $5

New price = (5 × 0.5) + 5 = $7.5

In the short run, demand is relatively inelastic because consumers need time to find suitable substitutes but in the long run, demand is usually more elastic.

I hope my answer helps you

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3 years ago

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Shkiper50 [21]

Answer:

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4. Deficit ⇒ PART OF RETAINED EARNINGS, NOT A CONTRA ACCOUNT

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8. Current Portion of Mortgage Payable ⇒ CURRENT LIABILITY, NOT A CONTRA ACCOUNT

9. Accumulated Depreciation ⇒ PART OF FIXED ASSETS, CONTRA ACCOUNT

10. Copyrights ⇒ INTANGIBLE ASSET, NOT A CONTRA ACCOUNT

11. Investment in Held-to-Maturity Bonds ⇒ LONG TERM INVESTMENT, NOT A CONTRA ACCOUNT

12. Allowance for Doubtful Accounts ⇒ PART OF CURRENT ASSETS, CONTRA ACCOUNT

13. Notes Receivable (due in 3 years) ⇒ LONG TERM INVESTMENT, NOT A CONTRA ACCOUNT

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Natasha2012 [34]

Answer:

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3 years ago

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White raven [17]

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Read more on career planning here: brainly.com/question/6457203?referrer=searchResults

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3 years ago

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Nonamiya [84]

Answer:

$\frac{1}{17}$