Insurance premiums, entrance fees, train fares, and organization dues are all examples of price.
<h3>What is price?</h3>
Price is the amount of payment or compensation given by one party to another for a good or service. In some situations, the price of the product has a different name. If an item is a "commodity" in a commercial exchange, the consideration paid for that item is likely to be called its "price."
There are many other types of price. Some of them, like the threshold price, are conceptual. Others relate to the timing of a potential deal or the relative strength of the buyer and seller. However, they all ultimately have something to do with the spot price.
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Answer:
Structure related to organizations need for efficiency versus its need for learning and innovation is described below in brief detail.
Explanation:
A flat or horizontal composition is the best alternative as it enables all levels of representatives to have a say in the conversations, discussions, and resolving business problems. A horizontal composition gives assurance as well as boosts worker confidence (as they feel wanted). An example will be Goo-gle which has a flat composition giving all workers the efficiency to come up with new inventive approaches and innovative solutions.
Answer:
reduce; lower
Explanation:
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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:
<em>Organizing Management Function</em>
Explanation:
Organizing is <em>the management function which includes the creation of an organizational structure as well as the allocation of human resources to ensure that the objectives are achieved.</em>
Gilmore managers are re-allocating the companies resources.
Organization structure is the framework through which activities are organized.
