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Delvig [45]
4 years ago
12

How does the elasticity of demand affect the price for a given product?

Business
1 answer:
icang [17]4 years ago
3 0
This term shows how responsive the quantity of demand for a product will be when you change the price. People will not always purchase your product if the price is too high.
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Which of the following represents the components of the income statement for a merchandising business?
Slav-nsk [51]

Answer:

Sales Revenue – Cost of Goods Sold = gross profit

Explanation:

A merchandising business is one that is involved in selling goods to customers. The firm may purchase or produce the goods it sells. Merchandising firms report an expense named the cost of goods sold COGS. This cost represents the total cost of all goods sold to customers during a period.

Costs of goods sold include the direct cost associated with the merchandise. Calculation of COGS is by adding net purchases to the opening stock then subtracting ending stock. The cost of goods sold is used in calculating gross profit. Service firms do not report this cost as they do not sell goods.

7 0
4 years ago
· What organizational goal is driving this training?
USPshnik [31]

The organizational goal in driving this training is to improve the  employees' performance.

<h3>What  is the goals for the training?</h3>

The most basic goal of training program by an organization  is to bring about the  improvement as well as the employees' performance  so as to be able to increases productivity .

This is been done by reinforcing existing competencies as well as developing new skills, hence, the organizational goal in driving this training is to improve the  employees' performance.

Learn more about employees' performance on:

brainly.com/question/26931084

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8 0
2 years ago
Teeny toys inc., a chain of toy stores, has decided to donate free toys to orphanages across the united states. this scenario il
8_murik_8 [283]

This scenario illustrates that the company is aiming at fulfilling its  <u>"discretionary responsibility".</u>


Discretionary responsibilities are those that are voluntarily expected by a business association. They incorporate advertising exercises, great citizenship, and full corporate social obligation. Through advertising exercises, chiefs endeavor to improve the picture of their organizations, items, and administrations by supporting noble purposes. This type of discretionary obligation has a self-serving measurement.

5 0
3 years ago
Select any local/international brand of your choice
Korvikt [17]

Answer:

Following are the response to these questions:

Explanation:

Coca-Cola is my international brand this business leverages media and internet marketing, using TV and other social media platforms. The company uses cognitive and emotional learning theory to draw attention and promote memory restoration from branding.

The company's products ads are full of sadness to encourage customers to acquire their goods. Coca-Cola uses theory to establish its brand accurately that resonates with the correct customer. It aims to generate a positive emotional response in this context from a targeted consumer demographic. Its company's newest appeal message for the advertisement is 'Taste the feeling' and it causes people to feel like continuing to use Coca-Cola drinks.

7 0
3 years ago
Martin, who wants to sell a house he owns, authorizes his concierge, Wilhelm, to find a potential buyer, and finalize a deal abo
iren2701 [21]

Answer:

A) Wilhelm

Explanation:

Wilhelm performs the role of the agent as he is the one who martin contacts to find a potential buyer so  Wilhelm is martins agent in this case and Wilhelm is the one in contact with the seller Martin so he is the agent and is finding buyers by contacting real estate agents on Martins behalf.

6 0
3 years ago
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