Answer:
Quantity demanded is -0.4
Explanation:
Quantity demanded is -0.4 if the prices decline from $8 to $10. The cross price elasticity is the change in quantity demanded for the goods when the price of other goods changes. The price change can be minor and the quantity demanded change can be high.
Answer:
Japan $760
The United States $1,600
France $6,320
Explanation:
Total personal revenue is the disposable income less personal taxes. Employee earnings minus employee actual taxes in terms of national reports reflect net established income.
The household saving rate is specified as total saving divided by disposable income.
Household saving = Disposable income * Households saving rate
Japan:
$40,000*1.9% = $760
United States
:
$40,000*4% = $1,600
France
:
$40,000*15.8% = $6,320
<u>First-line managers</u> are responsible for supervising frontline employees and carrying out day-to-day activities within departments.
Managers use the tactical plan to outline what different parts of the organization need to do in order for the organization to be successful within a year. , is created in the field of the facility.
Managers determine what different parts of the organization need to do in order for the organization to be successful in the near future (within a year). For example, a large bakery's marketing strategy might be an e-commerce solution aimed at customers such as restaurants.
conceptual skills. These skills represent a manager's ability to organize and analyze information to improve organizational performance. This includes the ability to see the organization as a whole and understand how the various parts fit together to function as an integrated unit.
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Answer:
$971,919
Explanation:
Given:
For activity level = 7,000 units
Total variable cost = $590,730
Total fixed cost = $372,750
Now,
Variable cost per unit = 
or
Variable cost per unit = 
or
Variable cost per unit = $84.39
The fixed cost remains the same irrespective of the number of units produced
Therefore,
The total cost for activity level of 7,100 unit
= Total variable cost for 7,100 units + Total fixed cost
= Variable cost per unit × Number of units + Total fixed cost
= ( $84.39 × 7,100 ) + $372,750
= $599,169 + $372,750
= $971,919
Answer:
B) They should demonstrate how their product will help the customers achieve personal status and recognition.
Explanation:
The social style matrix uses personality traits to categorize customers. It divides people into four categories:
- Driving Style: controlling, determined and active people
- Expressive Style: enthusiastic and emotional people
- Amiable Style: friendly and relationship driven people
- Analytical Style: thoughtful and reserved people
Since we are trying to sell goods to expressive people, then we must focus on how the goods will make them feel more important (VIPs). They seek the attention and notice of other people (they are show-off people). They want to feel important and they will buy goods that make them feel that way.
