Since Alex and Bailey are partners and they will be shutting down the partnership. the debts should be settled by both. they will have to sacrifice their personal assets in doing so
In order to reduce the Juuling by 20%, price would have to rise by 50%.
<h3>What is price elasticity of demand?</h3>
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one.
<h3>What should be the percentage rise in price?</h3>
0.4 = 20%/ price
price = 20% / 0.4
= 50%
To learn more about price elasticity of demand, please check: brainly.com/question/18850846
Answer:
b. sales contest. (direct)
Explanation:
This is a sales contest as motivates and creates incentives for the sales people to increase their sales volume in comparisson with other salespeoples.
There are three types of sales contest:
<u>Direct:</u> between the sales peoples during a certain type(a week, month or quearter)and a certain number is the winner (the first, the top 5 etc)
<u>Team: </u> Teams are created and the prizes are for the whole group
<u>Goal:</u> rewards are given for the acomplishment of a goal (X sales or Y sales in dollar or number of new client)
Answer:
The correct answer is Formulation.
Explanation:
The decision-making process refers to all the necessary activities from identifying a problem to finally solving it by implementing the selected alternative; therefore, it is framed in the solution of problems where alternative solutions must be found.
When one speaks only of decision-making, it refers to a stage within the process and there must be at least more than one alternative solution, otherwise the decision would be reduced to carrying out the corresponding action or not.
The decision-making process presented here must have a premise, it must be carried out rationally or "as should be done" resulting in a normative model or prescriptive model to make decisions that serves as an objective guide to solve a problem of most optimal way.
This rationality in accordance with a normative model means making decisions according to the criteria of cost and benefit. That is, to carry out the activity only when the expected benefits are higher than the associated costs, in this way the activity that offers the greatest utility is carried out. In this context, utility as a difference of benefits and costs is associated with a measure of well-being or improvement, which implies always quantifying the options.
