Answer:
<em>B. she is confusing between price elasticity of demand and income elasticity of demand.</em>
Explanation:
Envy miscalcualte the price elasticy whhich from 1,000 to 1,100 was 12% not the 7% forecasted
The increase in income is a different factor. An increase in income will make the people in the country to consume and/or save more
but they will decide on each product market considering the price/elasticity
In this case, it was -0.12
The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.
The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.
Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.
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I thinkI think the correct answer is to learn<span> as much as possible about customers.
Being good in the business needs to know more about the market of the product. Creating products and services that would satisfy the customers can make the business successful in its endeavors.
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<u>Supply Chain Management</u><u> is a set of activities and techniques firms employ to efficiently and effectively manage the</u><u> flow of merchandise</u><u> from the vendors to the retailer's customers.</u>
- The chance to boost sales by making sure the ideal product is available at the ideal moment. Integration of transportation middlemen, warehouses, stores, manufacturers, and suppliers into a seamless value chain.
- reduction of system-wide costs while providing the level of service that customers demand. More variety, fewer stock outs, lower transport and inventory holding costs, and higher ROI.
Supply Chain Management What Is It?
The management of a product's creation and flow, from sourcing raw materials to production, logistics, and delivery to the final consumer, is known as supply chain management (SCM).
What are the four supply chain stages?
The four components of the supply chain—integration, operations, purchasing, and distribution—work together to create a route to competition that is efficient.
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Answer:
B. through negotiations between the parties involved.
Explanation:
- correct answer is through negotiations between the parties involved because According to Coase theory, priority rights are best defined by negotiation between the parties involved and there is no transaction cost in negotiations.
- The Coase theory states that when transaction costs are low, both parties can negotiate and reach an effective outcome in the presence of an outsider.