Answer:
A. The demand curve for tea shifts to the right
Explanation:
Demand is defined as the measure of sensitivity of quantity demanded is a group with changes in price.
However when there is an increase or decrease in demand as a result of other factors except for price it is called shift in demand.
In the given scenario if the price of coffee increases, it will result in less amount of coffee being demanded. People will look for a substitute (tea).
Demand for tea will increase as a result of shift of the demand curve for real to the right.
This is illustrated in the attached diagram.
Answer:
<u>Total cash receipts = 123,000</u>
Explanation:
September cash receipts:
30% of september sales:
30% of 130,000 = 39,000
70% of August sales (previous month)
70% of 120,000 = 84,000
Total cash receipts = 123,000
Note: We are asked for september collection from sales:
30% of september is in cash, so are colected instantly.
Then the remaining, which are credit sales are canceled in the following month.
So the credit sales of August are collected in the following month, which is september. That's why it is included in the calculation.
July sales are colelcted in July and August, none in september.
Answer:
Companies that get feedback, but whose heart is not in it. Customer survey. A systematic way of asking customers what they think. Blanket tone. Used when ...
Explanation:
Answer: Organic Structure
Explanation: Organic Structure may be explained as a type of organizational structure which often promotes creativity, being proactive and flexible decision making due to the unstable and dynamic nature of the work environment and problem the organization has to solve. In the scenario above, due to the risky nature of the task at hand, catapult repair crews do not posses the luxury of time to follow rigid orders, rules or follow a centralized model of problem solving. Therefore, a decentralized model is often adopted in other to afford the repair crew to use their tactical nous, experience and creative ability to approach, tackle and provide quick and quality solutions to lingering problems.
