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4 years ago

When demand for a product changes because of its price, this product is said to be elastic.

Business

2 answers:

atroni [7]4 years ago

8 0

The answer is True

Explanation:

The demand for a product refers to the customers' desire or willingness to pay for it. In some cases the demand is affected by the price or a product, while in others the demand is stable, this factor is known as elasticity. According to the elasticity concept, a product is elastic if changes in its price lead to changes in its demand.

For example, cars are an elastic product because if prices of cars are low, there are more possible buyers and the demand increase; at the same time, if the price increases many people would abstain from buying a car and the demand would fall. Thus, it is true the product is elastic "When demand for a product changes because of its price".

IgorC [24]4 years ago

4 0

Answer:

When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.

so it is true

Explanation:

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Bond [772]

Answer: Paradigm shift

Explanation:

The paradigm shift is one of the type of business management process that refers to the fundamental change in the current process and in the model.

The paradigm shifts is one of the concept in which that happened in terms of various types of context such as when the new technology are get introduced then it alter the new production process of the products and the services.

According to the given scenario, the process of delivering the groceries to the consumers. Therefore, Paradigm is the correct answer.

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3 years ago

In Lizzie Shoes’ experience, gift cards that have not been redeemed within 12 months are not likely to be redeemed. Lizzie Shoes

Romashka [77]

Answer:

Explanation:

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3 years ago

As industries become global in scope, competitors and potential future competitors exist not only in a company's home market but

Lesechka [4]

Answer:

<u>Globalize</u>

Explanation:

Globalization in simple terms refers to integration of domestic economy with the world economy. It lays emphasis upon removing trade barriers and making the world one big market.

The concept of Globalization gave rise to the emergence of multi national corporations operating multiple businesses in different countries.

As companies go global, the intensity of competition increases as it's no longer restricted within domestic boundaries. Such international competition induces companies to come up with new innovations and methods so as to survive globally. This enhances the efficiency.

Thus, this serves as one of the motives for the companies to Globalize.

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4 years ago

On January 1 of this year, Ikuta Company issued a bond with a face value of $115,000 and a coupon rate of 4 percent. The bond ma

gulaghasi [49]

Answer:

The carrying value at year three end is $115,000.

Explanation:

The bond amortization schedule shows the how the interest expense is calculated as well as the coupon payment at each year end.

The carrying value at each year end is the opening carrying value in that year plus interest expense(as % of opening carrying value) minus the coupon payment(as % of face value).

In the beginning carrying value is the price the bond was issued,which could be computed using the pv formula in excel.

=-pv(rate,nper,pmt,fv)

the rate is yield to maturity of 5%

nper is the number of coupon payments to be made by the bond,which is 3

pmt is the yearly coupon payment which is:$115,000*4%=$4,600

fv is the face value of $115,000

=-pv(5%,3,4600,115000)=$111,868.26

Find attached amortization schedule.

Download xlsx

4 0

3 years ago

Why did the natural environment receive so much attention under new deal programs, and with what result?

hram777 [196]

<span>Under the New Deal, nature received a lot of attention because people realized that this type of valuable space was important to have a clean and a healthy population. Due to it following the Great Depression, people also saw the importance of the many jobs it would create.</span>

7 0

4 years ago