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galina1969 [7]
3 years ago
8

Nathan owns a quick-lube oil service station. He wants to understand whether his customers are sensitive to price and if he shou

ld raise or lower his price for some of his services. What should Nathan calculate to make his decision?
Business
1 answer:
miv72 [106K]3 years ago
5 0

Answer: Elasticity

Explanation:

 According to the given question, Nathan is basically use the elasticity factor for the purpose of calculation that helps in making various types his decisions as elasticity is one of the main factor that helps in measuring the economical price change.    

 Elasticity is one of business degree in which we used to measure the good change in the services and the price of the products. The elasticity is one of the type of ability that helps in understating the change in the demand of the consumer.

 Therefore, Elasticity us the correct answer.

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When the market is more optimistic about a firm, its share price will ______; as a result, it will need to issue _______ shares
galben [10]

Answer:

The answer is rise, fewer

Explanation:

When the market is more optimistic about a firm, its share price will RISE OR INCREASE as a result, it will need to issue FEWER shares to raise funds that are needed.

Share price can increase as a result of positive economic environment. For example, the company is making consistent profit, prevailing economic or environmental conditions are favouring the company.

When this happens, company will issue lower shares to raise fund because many investors will be looking to buy their shares.

6 0
3 years ago
Which assumption or principle requires that all information significant enough to affect decisions of reasonably informed users
sladkih [1.3K]

Answer:

The answer is: full disclosure principle

Explanation:

Full disclosure principle in accounting refers to the requirement that businesses are supposed to provide all material information pertaining to their operations to the stakeholders of the business so as to facilitate better decision-making frameworks when evaluating the business.

The going concern principle is based on the assumption that the business will not cease operating in the foreseeable future. The matching principle requires that the expenses incurred in carrying out an economic activity are recorded in the same period as the revenues earned from that activity. The historical cost principle requires assets or liabilities to be recorded at their acquisition value.

7 0
3 years ago
Andrew initially worked with a travel website for few months and then became self-employed by starting a martial arts school, wh
Romashka [77]

Answer:

A. Volatility

Explanation:

Volatility refers to high level of fluctuations with little or no consistency. It also refers to the variation in an activity with no constancy.

In the given case, Andrew keeps on swapping jobs within a short duration of time, and in varied fields of little similarity. This conveys a high degree of volatility in Andrew's work habits since he is unable to stick to one job or a field of job.

The changes in his employment structure reveal a pattern of high level of deviations, fluctuations referred to as Volatility.

5 0
3 years ago
The Coffee Collective's goal is to provide customers with a unique coffee drinking experience and a loyalty rewards program. In
lyudmila [28]

Answer:

b) perceived superior value

Explanation:

The coffee company is providing perceived superior value as it provides consumers with a unique coffee drinking experience and a loyalty rewards program. I hope my answer helps you

7 0
3 years ago
Describe how you would transition to another career of your choice. Be sure to includes reference to how
Bezzdna [24]
<h2>My suggestion is to read the job description which you want to apply and compare the present responsibilities and edit the resume as needed.</h2>

Explanation:

To list out the responsibilities the following might be helpful:

  • Make the building disease free by mopping, vacuuming, sweeping
  • Take the best care to fill restrooms and bathrooms for the personal care of the employees and customer
  • Protects the building by cleaning up trash on time
  • Bring business by doing duties on time

To list out the skill and attitude:

  • Cautious about cleanliness
  • Perfect in nature
  • Adapt to change
  • Protection is my ultimate goal
6 0
3 years ago
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