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Alex17521 [72]
2 years ago
5

The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%

off sale on emerald necklaces would bring about _________________ in the total revenue of the emerald necklace supplier.
Business
1 answer:
IRISSAK [1]2 years ago
7 0

Answer:

Luxury item, an increase

Explanation:

You might be interested in
A factory costs $460,000. You forecast that it will produce cash inflows of $150,000 in year 1, $210,000 in year 2, and $360,000
max2010maxim [7]

Answer:

Explanation:

a.Present value of inflows=cash inflow*Present value of discounting factor(rate%,time period)

=150,000/1.12+210,000/1.12^2+360,000/1.12^3

=557580.18

NPV=Present value of inflows-Present value of outflows                  

=557580.18-460,000

=$97580.18(Approx)=Value of factory

b.Hence since net present value is positive;factory is a good investment

(Yes)

7 0
2 years ago
Which of the following approaches can help you mitigate the challenges of poor forecasts? a. Obtain and use the best, most recen
grandymaker [24]

Answer: E. All OF THE ABOVE

Explanation:Forcasting is a technical term used especially in Economy management, statistics,and in operations to predict possible outcomes especially as it concerns the future,putting into consideration prevailing circumstances.

The challenges of poor forcasting can be mitigated by all of the approach highlighted. Using the BEST,MOST RECENT INFORMATION, USING SIMPLE TECHNIQUES (this will improve accuracy and avoid complexities), BUILD FLEXIBLE OPERATIONS and MINIMIZE INVENTORY ( this will reduce the stress of handling too many things at a time).

7 0
3 years ago
supply chain management: group of answer choices is based on the concept of just-in-time focuses on removing scheduling bottlene
Zarrin [17]

Just-in-time manufacturing is the foundation of supply chain management.

<h3>Describe the meaning of supply chain management?</h3>

It is possible to describe supply chain management as the effective and efficient management of the flow of goods and services as well as all industrial processes involved in converting raw materials into completed items that satisfy consumers' unquenchable want and demand.

In general, supply chain management includes all of the tasks involved in organising, carrying out, and delivering finished products and services from producers to customers. Through the use of an effective inventory system, it is a management framework that is focused on reducing production costs while boosting efficiency between suppliers and customers.

To know more about supply chain management visit:

brainly.com/question/12277905

#SPJ1

7 0
1 year ago
2. List at least three things you would consider when choosing a bank and account type. (1-3 sentences. 3.0 points)
larisa [96]

Well that depends on the person. The three things that someone would do when considering to choose a bank is to have trust, convenience, and account features. They would have to trust the bank, and it would have to be well-known and established. Bank accounts are case-sensitive, so it takes extra time for them to further secure their account.

I am joyous to assist you anytime.

3 0
3 years ago
What is the purpose of a free-market system?
Nady [450]

Answer:

<em>D. To allow consumers and producers to make their </em>

<em>own decisions</em>

Explanation:

A <em>free-market system</em> is the market form determined by free market forces of demand and supply.

No government intervention takes place in this form of market as in a centrally planned economic system. This non- intervention of the government prevents <em>economic distortions</em> in the system, which is good for the market.

In a <em>free market system</em> the forces of demand and supply, decide the price of the goods and thereby the output adjustments. The consumers are free to decide the demand and producers are free to decide the product the supply of goods.

Hence, it can be said that <em>the purpose of a free-market system is to allow consumers and producers to make their own decisions.</em>

6 0
2 years ago
Read 2 more answers
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