Answer: The more narrowly we define a market, the more elastic the demand for a product will be.
Explanation: Narrowly defined markets tend to have more elastic demand than broadly defined markets because it is easier to find close substitutes for narrowly defined goods.
For example, a broad category of food, has a fairly inelastic demand because there are no good substitutes for food while Vanilla flavoured ice cream, a very narrow category, has a very elastic demand because other flavors of ice cream (e. g Chocolate) are perfect substitutes for vanilla.
Answer:
d. $28,700.
Explanation:
The computation of the budgeted selling cost for the given month is shown below:
= Fixed selling cost + variable selling cost
= $20,000 + $290,000 × 3%
= $20,000 $+ $8,700
= $28,700
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Hence, the correct option is d. $28,700
Answer:
Throughout the clarification segment below, clarification including its concern is defined.
Explanation:
- A member of staff from either the parent organization would have working information on the policy changes but instead decisions of the organization, work ethics, and economic output, and therefore can help make sure compliance with company directives.
- An employee from either the parent organization would have a greater understanding of the business and therefore will guarantee that perhaps the laws of the organization being observed.
Answer:
a. procedural justice
Explanation:
Procedural justice can be defined as an idea of fairness in a process and how this perception of fairness is greatly influenced by the quality of service, experience and transparency received by the people. Thus, it impacts the perception that people have about those in a place of authority with respect to decision-making and processes.
Hence, if Hot Topic uses clearly defined selection criteria and a transparent process, employees are likely to think the process is fair and to experience procedural justice, even if they are not chosen for promotion
