Move would respond in a strategic way as they have high cross price elasticity with each other, Move will have to change the price of his product category.
Cross-price elasticity quantifies how responsive a product's demand is to changes in a related product price. Because demand for one good rises when the cost for the alternative good rises, the cross elasticity of demand for alternative products is often positive.
Some products on the market frequently have connections to one another. This could imply that the demand for a product can be favourably or negatively impacted by a product's price change.
Learn more about Cross-price elasticity here:
brainly.com/question/14367786
#SPJ4
Answer:
hacer muchas cosas en el día como clases ejercicio comer tarea ayudar a limpiar la casa y más cosas en todo un día
Answer: the industry competitors
Explanation:
A business model simply refers to the strategy that a company will use in making profit and achieving its goals.
The components of the business model of a company include the strategic resources, core strategy, partnership network, and the customer interface.
It should be noted that the industry competitors isn't among the components.
Answer: limited liability company
Explanation:
From the given case/scenario we can state that a limited liability company suit the growth of Root and Vine. Limited liability company are known as or referred to as a corporate structure whereby an individual i.e. owner is not liable for the organization's liabilities or debts. Limited liability organizations are referred to as a hybrid entities that tends to combine characteristics of an organization with the ones of sole proprietorship or partnership.
Cost of goods sold = Beginning inventory + Purchases - Ending inventory .
COGS = Cost of goods sold
COGS = 7700 + 22700 - 9700 = 20700
The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold.
The cost of products sold may take into account both the labor and materials used to create a product. Your COGS may also include sales expenses, such as commissions, that are unique to that product. Direct costs is the accounting term for this.
A cost that is not entirely committed to a particular item is one that is common to your company, such as rent, the purchase of a new machine, or general marketing expenses. These extra expenses are classified as overhead rather than as the cost of the items supplied.
For business owners and managers, tracking cost of products sold is crucial. That is the lowest price at which you can sell a good and still make a profit. Any surplus margin is used to pay for costs and eventually turn a profit. You cannot determine if you are profitable or not unless you are aware of your COGS and break-even point.
Learn more about cost of goods sold here
brainly.com/question/17205761
#SPJ4
