Answer: Option C
Explanation: Usually the demand for the goods tends to be more elastic in long run rather than the short run. In case of oil, it is not a necessary good for the daily lives of the individuals and one can survive without it and can use alternatives.
Therefore, in the long run it is more elastic as individuals will move to the alternatives of oil if its price remains high.
Hence from the above we can conclude that the correct option is C.
Answer: With ideas and much money invested
Explanation:
Cottage industries are industies that carry out their activities from their homes while indigenous industries are industies that are located in primary areas in our environment like the fishing and brewing industry.
The indigenous industries are advantaged over the cottage industries because they receive support from the government hence it helps in their production also they have the ability to reduce the price of their goods against the cottage industry which cost of production would be high for them.
I guess the correct answers are A and B only
Using a deerskin as money may not be as widely accepted as using paper money.
Using a deerskin as money incurs a much larger transactions cost because it is bigger and heavier than paper money.
A paymеnt systеm is any systеm usеd tο sеttlе financial transactiοns thrοugh thе transfеr οf mοnеtary valuе, and includеs thе institutiοns, instrumеnts, pеοplе, rulеs, prοcеdurеs, standards, and tеchnοlοgiеs that makе such an еxchangе pοssiblе.
Answer:
$45,296.58
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated usiing a finaical calculator
cash flow each year from year 1 to 7 = $9,000.
i = 9%
present value = $45,296.58
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Answer:
Source processes
Explanation:
The SCOR model looks at a firm´s supply chain activities in three levels of increasing detail. Level 1 views SCM activities as being structured around five core management processes including <u>Source processes</u> which are processes that procure goods and services to meet planned or actual demand.
Supply chain operations reference (SCOR): It is a strategic planning tool that helps in identifying, improving and communicating supply chain management decisions within the company. It is a continuous improvement process and establishing a benchmark for the industry. It also works to develop a business process for satisfying customer´s demand. SCOR is based on five management process:
- Plan
- Sources.
- Make.
- Deliver.
- Return.
Source process: This process of supply chain management is defined as steps to procure goods and services to meet the requirement for infrastructural arrangements.