Answer:
Note that goods that are considered in general have a broad demand and goods with broad demand are inelastic as there are no substitutes for them. Goods that are specific by nature have narrow demand and have elastic demand because consumers can switch to others if the price is increased slightly.
Hence, Mayonnaise in general, Washing machines and beer have inelastic demand as there are no close substitutes. The remaining three, namely, specific brand of mayonnaise, Chevrolet automobiles and Tesla automobiles have elastic demand as there are substitutes and consumers/users will switch to others if the price is no more favorable.
Answer:
B. Job-related expenses are deductions for AGI.
Explanation:
A person is said to be self-employed if he is working for oneself rather than for an employer as a freelancer or the owner of a business.
Adjusted gross income (AGI) refers to the measure of income calculated from your gross income. AGI is used to determine the amount of tax.
The advantage of being self-employed (rather than being an employee) is j<u>ob-related expenses are deductions for AGI.</u>
Answer:
the answer is sourcing of raw materials
it depends if it is direct or indirect
Answer:
Developing
Explanation:
A developing country is one where,
- Per capita income is lower which means individuals earn money for basic survival. There are no means of investment and savings.
- Life expectancy is higher due to absence of modern medical facilities in all areas.
- Technology is still reaching people in rural areas. Not everybody has access to modern technology.
- High rates of population and unemployment.
Here, the country has all features of a developing world nation.
Answer:
The correct answer is "Shanon was considering premium pricing strategy"
Explanation:
Premium pricing is the practice of increasing the price of one of the products or services to promote favorable perceptions in the buyers, and also create illusory surplus value in the subconscious of the customer, the surplus-value sometimes is called "luxury" or high quality product. The costumers feel so glad to pay more for a luxury product.