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yanalaym [24]
3 years ago
8

A perfectly inelastic demand implies that buyers

Business
1 answer:
telo118 [61]3 years ago
3 0
A perfectly inelastic demand implies that buyers purchase the same amount as before when the price rises or falls. Perfectly inelastic demand states that a consumer will still purchase a good or service regardless of a change in price. If there is a perfectly inelastic demand for an item, that means there is no substitute available for the item. If there is a substitute it will not be perfectly inelastic because someone could buy a different cheaper (cost) product in replacement. 
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Zero-based budgeting assumes that all funding allocations must be justified from zero each year.
Vanyuwa [196]
True. Zero-based budgeting assumes that all funding allocations must be justified from zero each year. The goal in a zero-based budget is to have the income minus the expenses of the business equal zero. 
6 0
3 years ago
How does the law of demand affect consumers
Y_Kistochka [10]

Answer:

The law of demand is an economic principle that states that consumer demand for a good rises when prices fall while conversely, consumer demand falls when prices rise. ... As a result, the price consumers are willing to pay for a good decline as their utility decreases.

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3 years ago
Winter Wonder Inc. is a leader in producing winter sports equipment, including skis and skates. Recently, the firm decided to ex
igor_vitrenko [27]

Answer:

b) Managerial hubris

Explanation:

Based on the scenario being described within the question it can be said that the term that is often used to describe this would be Managerial hubris. This term refers to the unrealistic belief by managers that believe that they can manage a target firm's assets better than that firm's current management. Which is what is happening in this scenario since the managers at Winter Wonder believe that they can do a better job at managing the Sleds by Bob business better that their current managers.

5 0
3 years ago
a) Take a real time example of a company of your own choice working in Pakistan and then discuss the factors that lead to pressu
RUDIKE [14]

Answer:

This responsiveness also promotes the local market orientation of a subsidiary and therefore the strength of its existing network with the businessmen and government authorities.

Explanation:

Usually, firms working within the global market confront two sorts of competitive pressure. They face pressure to scale back costs and pressure to react locally. These competing forces throw a corporation into conflict. It's going to also need a corporation to supply a consistent product on the international market to downstream the experience curve as soon as feasible. In response to local pressures, however, it's necessary for a firm to differentiate its product offering and marketing strategy from one country to a different in an effort to satisfy the various demands arising from domestic consumer preferences, business practices, channels of distribution, competitive conditions and public policies. Because it's going to entail substantial redundancy and a scarcity of product standards to adapt products to varied domestic needs, the result could also be a rise in prices.

While some organizations, like Company A, face a high to scale back cost and low for the reaction of locally, while others, like Company B, face low to scale back costs and high for local reaction, many companies are within the situation of Company C.  It suggests and supports three layers of variables, including environmental, structural, and organizational responsiveness. The analysis of 168 MNE companies within the People's Republic of China shows that environmental complexity and therefore the uniqueness of business culture increase local reaction. Structural variables like the intensity of competition, heterogeneity of demand and localisation of components increase local reaction.

3 0
3 years ago
Difference between disposition and sentencing
Vladimir79 [104]
Disposition means: a person's inherent qualities of mind and character.

And sentencing means: declare the punishment decided for (an offender

Hope this helps
5 0
3 years ago
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