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3 years ago

Which of the following products is likely to have an inelastic supply reaction to a change in price?

Business

2 answers:

djyliett [7]3 years ago

7 0

Hello there, my fellow human being!

The answer is A. shoes.

Hope this helped!
~Ruru

anastassius [24]3 years ago

5 0

The answer would be A. Shoes.

It is implied that a good has an inelastic supply if the supplier does not have a choice other than producing it despite the change in production cost. This would as well apply to the buyer, who needs the product no matter the pricing.No one can live without shoes, despite a spike in prices, we still need to buy them.

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Alpha company anticipated unit sales of widgets are January, 5,000; February, 4,000; and March 8,000. Alpha consistently maintai

alexdok [17]

Answer:

1. 4,200 units

2.7,200 units

Explanation:

Prepare the Production Budget for January and February

January February

Budgeted Sales 5,000 4,000

Add Budgeted Closing Stock 3,200 6,400

Total Production Needed 8,200 10,400

Less Budgeted Opening Stock (4,000) (3,200)

Budgeted Production 4,200 7,200

Budgeted Opening Stock for January comes from 80% of closing inventory from December !

5 0

4 years ago

Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she l

Lostsunrise [7]

Question Completion with Options:

2.5 percentage points

1.5 percentage points

3.5 percentage points

6.5 percentage points

Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

7 0

3 years ago

According to the ________ argument, governments should temporarily support new industries until they have grown strong enough to

DiKsa [7]

Answer:

The right answer is "Infant industry".

Explanation:

An economic phrase that is used to characterize the organization through its early phases of developmental stage, is determined as the Infant industry argument.
This means that a freshly created industry seems to be a newborn industrial sector, requires authorities to either support and/or safeguard certain businesses through regulations.

3 0

3 years ago

Which of the following is identified as a recent trend that has staying power? a. Relationship management b. Hedging c. Task man

Rom4ik [11]

Answer:

The correct answer is a. Relationship management.

Explanation:

Good human relationships within a company are a very important factor in achieving success, not only with the client, but also internally among the team that forms the human capital of the company.

Organizations need to have leaders who know how to manage talent and be able to adapt to changes in the labor market.

Human relationships are the set of rules, principles and techniques for people to establish better relationships with each other. It is the degree of acceptance, sympathy and maturity that we reflect towards others. Without a doubt, a very important aspect within the business organization.

7 0

3 years ago

Virgin Group successfully transfers its marketing core competence across airlines, cosmetics, music, drinks, mobile phones, heal

Allisa [31]

Answer: (C) Related linked

Explanation:

According to the question, Virgin group basically follows related linked diversification organizational approach and strategy that the multiple businesses are get link with the organization and also increase the productivity.

This process is refers as concentric diversification that involve various types of business activities and it is mainly related to the core business of an organization.

Therefore, Option (C) is correct.

4 0

4 years ago