Answer:
The correct answer is -0.2.
Explanation:
According to the scenario, the given data are as follows:
When rate = $1.50
Hot dogs sold at $1.50 = 500 units
And When rate = $1.35
Hot dogs sold at $1.35 = 510 units
So, we can calculate the price elasticity by using following formula:
Price elasticity = (%change in quantity ) ÷ ( %change in price )
Where, %change in quantity = (( 510 - 500 ) × 100) ÷ 500
= 1,000 ÷ 500
= 2
and %change in price = ((1.35 - 1.50 ) × 100) ÷ 1.50
= (-10)
So, by putting the value:
Price elasticity = 2 ÷ (-10)
= -0.2
Hence, the price elasticity of demand for hot dogs is -0.2.
Answer:
c) Sociocultural
Explanation:
The attidudes of Spanish consumers towards autonomous cars are mainly influenced by sociological and cultural factors, in other words, they belong the sociocultural dimension of PESTEL.
Some of these factors may be: opennes to experience, education level of the population, demographic structure, income distribution, prevailing ideas or ideology in the populace, and so on.
These are the factors that Jon should look closely to in order to determine as objectively as possible the consumer attidue towards autonomous cars, so that he can decide whether or not to start this type of business.
The fundamental purpose of a prototype is to help a company better understand its new product designs.
<h3 /><h3>What is prototyping?</h3>
It is the process of producing a sample of a product, which will serve as an initial representation that will later be produced on a large scale, helping to save time, costs and increasing learning about organizational projects.
Therefore, prototyping is a design process that helps an organization to gain more information to develop its business projects.
Find out more about prototyping here:
brainly.com/question/7509258
#SPJ1
Answer: Business process re-engineering
Explanation:
Business Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed” – Michael Hammer and James Champy
Business process reengineering is an approach used to improve organizational performance by increasing the efficiency and effectiveness of processes that exist across the organization. In addition to the redesigning of business processes, it also involves the redesigning of associated systems and organizational structures.
Assuming that the amount of money he buys the car for + gas, maintenance, etc. costs outweighs the cost saved by biking or public transportation (if he's OK with doing those two), he should probably consider walking, biking, or using public transportation for those few years
