Answer:
When PED is greater than one, demand is elastic. This can be interpreted as consumers being very sensitive to changes in price: a 1% increase in price will lead to a drop in quantity demanded of more than 1%. When PED is less than one, demand is inelastic.
so it is true
Explanation:
CVP analysis is more difficult because its requires costs to be broken down between variable and fixed which is not done in absorption costing.
<h3>What is a
CVP analysis?</h3>
This is an analysis that find out how changes in the firm's variable and fixed costs affect the firm's profit.
Hence, the analysis is difficult when using absorption costing than when using variable costing because its requires costs to be broken down between variable and fixed which is not done in absorption costing.
Read more about CVP analysis
<em>brainly.com/question/26654564</em>
The correct answer is Credit cards.
What is a Credit card?
A credit card is a type of credit facility, provided by banks that allow customers to borrow funds within a pre-approved credit limit. It enables customers to make purchase transactions on goods and services. The credit card limit is determined by the credit card issuer based on factors such as income and credit score, which also decides the credit limit.
The advantages of credit card are:
- Hassle-free shopping experience.
- No need to carry cash.
- Rewards, cashback, and offers.
- Widely accepted.
To Learn more about credit score visit the link:
brainly.com/question/25668115?referrer=searchResults
#SPJ4
Answer:
the answer is simple.
How can you finalize anything without identifying the themes, patters and trends of data and information 1st?
in any given scenario, once you have the data with you, you have to investigate and identify pattern and recurring trends in that data. only after such an analysis you will be able to accurately and properly come in to logical and scientific conclusions to finalize.
Explanation:
Answer: Market penetration
Explanation:
Market penetration can be defined as the comparison of the assessment of how much product has been sold relative to the total market has been estimated to be covered for that particular product. It is expressed in percentage. The market penetration can be enhanced by increasing the advertisement of the product and promoting the sales.
Hence, market penetration is the growth strategy, which JC Penney is applying.
