Answer:
Cross Price elasticity of demand = -0.06
The Goods are complements
If the demand for Hot dogs increased by 15% or more after Ketchup prices increased by 15%, then both items will be interpreted to be substitute items.
Explanation:
Cross Price elasticity of demand = % change in quantity demanded for Hot dogs / % change in price of Ketchup
= -1% divided by 15%
= -0.06
Based on the rules,
When Cross Price elasticity is > 0 = the products are substitutes
When Cross Price elasticity is = 0 = the products are independent
When Cross Price elasticity is < 0 = the products are Complements
This means therefore that Ketchup and Hot dogs are complementary items.
<span>The relationship between the interactive communication capabilities of the Internet and customization is a highly interactive and individualized information and exchange environment is created for shoppers and buyers.</span>
Answer:
D. Helps managers to act rapidly and with autonomy
Explanation:
The management control system defines that every policy and procedure should be followed in a proper manner and work on new strategies for the benefit of the organization. It helps in managing the hierarchy level and differentiates the performance company resources like finance, marketing, sales, Human resource management, operations, etc.
Therefore the management control system provides to work with sovereignty so that the work runs in a smooth and inefficient and effective manner. It also helps the managers to take the action quickly before things go out of control.
Answer:
15.20%
Explanation:
The computation of the M1 increase is shown below:
= (M1 End of the year 2011 - M1 end of the year 2010) ÷ M1 End of the year 2010
= ($2,311 billion - $2,006 billion) ÷ ($2,006 billion)
= 15.20%
Answer:
The correct answer is Voice.
Explanation:
Taking into account the framework of exit, voice, loyalty and negligence, voice means directly raising comments on a particular situation that influences within the work team, so that superiors are aware of situations and can ask themselves solutions for the benefit of all.
