Answer:
option D "The demand is unitary elastic."
Explanation:
Data provided:
At price, P1 = 3,000 units
Demand, D1 = $ 50
also,
at price P2 = $ 60
Demand, D2 = 2,500 units
Now,
the percentage change in price = 
or
the percentage change in price = 20%
and,
The percentage change in the quantity = 
or
The percentage change in the quantity = -20%
The elasticity in demand (Ed) is given as:
Ed = (Percentage change in quantity) / (Percentage change in price)
on substituting the values, we get
Ed = (-20%) / 20%
or
Ed = - 1
Here the negative sign depicts the inverse relation between the price and the demand.
hence, the correct answer is option D "The demand is unitary elastic."
By definition, empirical probability is equal to C. Number of successful trials/Total number of trials.
<h3>What is an empirical probability?</h3>
It should be noted that empirical probability simply means a experimental probability that is based on historical data.
In this case, by definition, empirical probability is equal to the number of successful trials divided by the total number of trials.
Learn more about empirical probability on:
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Answer:
The cost of goods sold for next month is expected to be $202,500
Explanation:
Given that,
Sales budget = $450,000
Cost of Good sold = 45% of sales
Opening inventory = $20,000
Ending inventory = $24,000
Beginning accounts payable = $206,500
Since, in the given question, it is mentioned that the cost of good sold is 45% of sales.
So,
Cost of Goods Sold (COGS) = 0.45 × $450,000
= $202,500
Hence, the cost of goods sold for next month is expected to be $202,500
Note: we don't considered other things which is mentioned in the question.
Answer:
a. consultative
Explanation:
In consultative selling, the seller is more of a consultant than a sales representative. He or she engages the customer in a bid to understand the kind of a solution that best suits the client. The focus is not to close the sale as fast as possible but understand the client's needs first. Consultative selling is also called relationship selling.
Relationship or consultative selling is in contrast to transactional selling, where the seller tries to push a product to the client. Consultative selling attempts to establish a journey towards closing the sale. In this journey, the seller and client consult and agree on the best product to address the customer needs. The relationship leads to a win-win situation where the customer gets an ideal solution, and a sale is closed.
Consultative selling best applies in high-end products where the decision to but may take a few weeks.
Answer:
It emphasize on applicant's continued interest because when you create a follow up letter after rejection, candidate should be confident and persistent . He should show confidence in meeting the job requirements.
Explanation:
