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saveliy_v [14]
3 years ago
6

Jim saw a decrease in the quantity demanded for his firm's product from 8000 to 6000 units a week when he raised the price of th

e product from $200 to $250. Based on this information, the demand for Jim's product is a) Elastic b) Unitary elastic c) Inelastic d) Hard to determine
Business
1 answer:
Vadim26 [7]3 years ago
3 0

Answer:

The answer is A.

Explanation:

If a a product is price elastic that means it is sensitive to price. If there is an increase in price, the quantity demanded of that product will drop and if there is a decrease in price, the quantity demanded of that product will rise. Price elasticity has a value greater than one.

Because the price rose from $200 to $250, quantity demanded fell from 8000 units to 6,000 units.

If it were to be inelastic, the quantity demanded will not change or will change with very little percentage.

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Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one m
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Answer:

3.69

Explanation:

We know,

The productivity in sales revenue/labor expense = \frac{sales revenue}{labor expense}

Given,

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The productivity in sales revenue/labor expense =  \frac{2,068,900}{560,064}

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4 years ago
question 5 you're anticipating audience questions, especially one asking how you were able to connect the campaign with the resu
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The detail you need to add to your next slide should address the issue of questions from the audience.

<h3>What is a Presentation?</h3>

This refers to the use of diagrams, charts, and tables to present an idea to an audience.

Hence, we can see that The detail you need to add to your next slide should address the issue of questions from the audience.

This is because you are being proactive by adding a slide of potential questions from the audience.

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4 0
2 years ago
5. Michael told Greg to sell his collection of vintage heavy metal band t-shirts. He
kiruha [24]

Answer:

The correct answer is Greg. He is the agent.

Explanation:

First of all, the term <em>agent</em>, in business, is understand as the individual that currently <em>manages another person's business affairs</em> and that commonly spend much of his time negotiating contracts for his clients.

Secondly, according to the definition of agent, it is understandable that in this case the agent is Greg due to the fact that he is the one that has to sell the collection, under Michael's orders.

4 0
3 years ago
Miss Kitty's Chocolate Corral is located in an out-of-the-way small shopping center. However, the company enjoys outstanding bus
juin [17]

Answer:

D. Word of Mouth

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Word of Mouth can be as simple as telling someone the time of day.

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In marketing, Word of Mouth is An unpaid form of promotion or advertisement in which satisfied customers or users of a particular product or services tell other people how much they like a business, product or service.

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8 0
4 years ago
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