Answer:
The correct answer is that the company should <u>charge more to the business travelers</u> and <u>charges less to the vacationers</u>.
Explanation:
To begin with, the concept called ''elasticity'', in the field of economics, refers to the variation that occurs when a change in one variable affects a change in another variable. Moreover, this concept has many applications regarding if the main subject is the supply of a product or the demand of a product.
Secondly, the <em>price elasticity of demand</em> is an elasticity application in economics that establishes the changes that occur to the demand of a product when the price changes. This elasticity could be inelastic or elastic. In addition, if the price elasticity of demand is inelastic then when the price changes the quantity demanded of that product will not change drastically while in the other hand, if the price elasticity of demand is elastic then when the price changes the quantity demanded of that product will change drastically so therefore the consumers reject the change in the price.
Finally, if the company wants to increase its total revenue then it must increase the price that charges to the business travelers and decrease the price that charges to the vacationers.
What will happen is that YOUR INSURANCE COMPANY WILL NOT PAY FOR THE DAMAGES.
Liability car insurance covers damages and injuries to third party's car only, it does not cover damages to the insurance owner's car. Comprehensive car insurance only cover damages done to one's car as a result of theft, fire, natural disaster, vandalism and other such acts, but does not cover damages that occur as a result of collision.
The answer is; hewlett-packard can establish creative work environments across all of its plants around the world.
<span>Hewlett-packard is multinational information technology company based in America.
</span>An innovative or creative workplace is a work environment culture in which specialists see that new thoughts are invited, esteemed, and energized and it is a critical precondition for investigating new items and markets.
Answer:
The correct answer is: scope.
Explanation:
Earned Value Management (<em>EVM</em>) is a helpful method that allows high-rank executives to measure the performance of their projects. It analyses the difference between the work planned in the project with the work performed. The three pillars of EVM are <em>scope, time, </em>and <em>cost information</em>. The scoping process implies a Work Breakdown Structure (<em>WBS</em>) where the initial plan is broken into micro levels for better analysis.
Answer:
Weighted average selling price= $94
Explanation:
Giving the following information:
Sales in units:
Skis= 12,600
Snorkles= 23,400
Total= 36,000
Product: Unit Selling Price
Skis= $120
Snorkels= $80
We need to calculate the weighted average selling price per unit for the company as a whole.
<u>First, we need to calculate the participation of each product on sales:</u>
Skis= 12,600/36,000= 0.35
Snorkles= 23,400/36,000= 0.65
Weighted average selling price= (0.35*120) + (0.65*80)= $94
