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Reil [10]
3 years ago
12

The Commerce Ministry of a country conducts regular surveys on goods and services sold within the country. Researchers at the Mi

nistry study consumer behavior through the choices the consumers make while deciding what to buy. Their report on the industry for beverages last year indicated that the price elasticity of demand for fruit juices in the country was​ -0.8, while the price elasticity of demand for a particular brand called Fruit Drops was​-1.2. According to the​ report, an average consumer spends about 1 percent of his monthly income on fruit juices. A student of​economics, Julio, however feels that the current price elasticity of demand for Fruit Drops is actually higher than​ -1.2, based on his own experience in purchasing fruit juices.   Which of the​following, if​ true, would support​ Julio's view that the price elasticity of demand for Fruit Drops is​ higher?A. The average income level of consumers has increased this year as compared to last year.B. The company that manufactures Fruit Drops also produces a variety of other goods.C. Three new brands have been introduced in the market for fruit juices in the last month.D. The management of one of the leading competitors of Fruit Drops was recently accused of manipulating profit figures.E. Fruit Drops is a very popular brand of fruit juice in this country.
Business
1 answer:
denpristay [2]3 years ago
6 0

Answer:

The correct option is C.

Explanation: Price elasticity is the measure of the rate of change in the level of quantity demanded due to a change in the level of price.

Price elasticity is usually negative, this means that it follows the law of demand; as price increases quantity demanded decreases.

Also, another incidence that can affect price elasticity is an availability of cheaper alternatives. If cheaper alternatives of a particular product are introduced into the market, the demand for that product will reduce, because consumers will abandon it for its cheaper alternatives, thereby driving the elasticity of that product higher.

Therefore, in the scenario given above, the elasticity is higher than -1.2 because there are new brands that have just been introduced into the market.

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Which decision rule requires the consumer to rank the evaluative criteria in terms of their importance and to establish a cutoff
saul85 [17]
Best answer is b on e2020
3 0
3 years ago
Explain how the process of recontextualization changes the meaning associated with an HRM policy or practice. The HRM practices
Naily [24]

Answer:

how the process of recontextualization changes the meaning associated with an HRM policy or practice

Explanation:

The simple meaning of HRM policies and practices are the guidelines and procedures that is established by an organization in order to ensure that productivity is constantly sustained. It includes the process of recruitment, guidelines for performance evaluation, and the approaches by which management addresses operational challenges.

If the practice of recontextualization implies the transferring of HRM practices and changing them according to the nature of the business in the environment it operates in, then the HRM policies and practices of such organization will:

  • Be altered in terms of recruitment and selection processes
  • Align its existing policies with the norm of the society in order to have competitive advantage among its competitors.
  • Be expected to development or redefine its management approaches to work.
  • Establish other means for enhanncing productivity and results.

By this changes, the existing HRM policies and practices changes

4 0
4 years ago
Full from of WAN ........
emmasim [6.3K]
Hi pupil here's your answer ::

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✴The full form of WAN is =》 Wide Area Network .

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hope that it helps. . . .
8 0
4 years ago
Mayra is 57 years old, is close to retirement, and has a child with long-term medical needs. She moved all her cash investments
Gwar [14]

If she moved all her cash investments to a money market account. She may have done that because: a low-risk account has zero penalty for withdrawals.

<h3>What is money market account?</h3>

A money market account can be defined as an account that enables you save while it gives you interest on the money saved reason being that the account is an interest-bearing account.

Based on the given scenario  Marya choose money market account because it is a low risk account and  the account tend to given higher interest rate and has no penalty for withdrawals.

Therefore a low-risk account has zero penalty for withdrawals.

Learn more about money market account here:brainly.com/question/26893654

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7 0
2 years ago
Read 2 more answers
The following information pertains to Dallas Company. Assume that all balance sheet amounts represent both average and ending ba
fomenos

Answer:

Return on stockholders' equity = 13.64%

Explanation:

We know,

Return on stockholders' equity = (Net income ÷ Average common stockholders' equity) × 100

Given,

Net income = $30,000

Average common stockholders' equity = 220,000

Putting the values into the formula, we can get

Return on stockholders' equity = ($30,000 ÷ $220,000) × 100

Or, Return on stockholders' equity = 0.1364 × 100

Or, Return on stockholders' equity = 13.64%

As there is no information regarding the previous year's common stock, therefore, we will use current year common stock only.

8 0
3 years ago
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