Answer:
It sacrifice short-term losses for long-term benefit.
Explanation:
As a result of you making a good business decision it allows you to absorb the short term losses in getting a better long time benefit that will last for decades of profit maximization that will cover times ten of your short term losses.
The correct answer is 2.4.
The simplest way to define elasticity of demand is by using the following formula:
Elasticity of Demand = Change in Demand / Change in Prices
Then, in our question we have:
Demand Elasticity = 12% / 5% = 2.4
Why is it called elasticity of demand?
An elastic product is one in which demand significantly shifts in reaction to price fluctuations. In other words, the product's demand point has expanded significantly from its earlier point. It is inelastic if the amount purchased fluctuates little when the price of the good or service changes.
What Does elasticity of demand tells us?
It reveals how much the quantity needed alters in response to pricing changes made by the company. The price elasticity of demand explains how the amount sought in the market changes when the price changes if we are evaluating a market demand curve.
Learn more about elasticity of demand: brainly.com/question/23301086
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Answer:
C
Explanation:
Sellers market! Sellers decide what will be the market price for their goods.
Buyers can and cannot agree with the proposed price.
If they agree, sellers will up their prices next year
If the buyers do not agree we will have a sale going on
Easy as that
Answer:
Pc = 8294.4 units per week
Explanation:
Pc = U * A * ( N * sw * Hsh * Rp )/ n
Where
Pc = production capacity in terms of availability and utilization per week
U = utilization factor = 80% = 0.8
A = availability = 90% = 0.9
N = number of work centers = 8
sw = number of shifts per week = 10
Hsh = number of hrs per shift = 8
Rp = hourly production rate = 18 units /hr
n = number of distinct operations = 1 , same machine & part
So therefore,
Pc = 0.8 * 0.9 (8 * 10 * 8 * 18)/ 1
Pc = 8294.4 units per week
