Answer:
True
Explanation:
A contract is often used to negotiate for chiccy nuggies with your parents
Answer:
The distinction between the two is that the product business sells a physical, tangible product, while the service business owner sells skills as the primary product.
Answer:
A. Elasticity measure the change in quantity demanded that comes with a change in price. The elasticity formula is;
Elasticity = %change in quantity demanded / % change in price
0.4 = 20% / %change in price
%Change in price = 20%/0.4
= 0.5
= Increase price by 50%
= 50% * 5 = $2.50
<em>Government should increase the price by $2.50 to make it $7.50. </em>
B. Effect is larger 5 years from now
Effect will be larger 5 years from now than 1 year from now. This is because in 5 years the high prices would have forced smokers to look for more alternatives to smoking than in a year.
C. Teenagers have less income.
Teenagers likely have a higher price elasticity because they do not have the income to support an increase in the price of cigarettes so when the prices increase, they buy less than adults who are more likely to have an income stream.
<span>Absco Enterprises has adopted an accommodative stance to social responsibility. An accommodative stance is one where an organization fulfills legal and ethical responsibilities, and it will act further in cases where it can be persuaded to. This is more involved than a defensive stance, in which an organization does the legal minimums and nothing more, and less than an organization that takes a proactive stance, when it behaves like a living and breathing contributing member of society.</span>
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