Answer:
The most indirect channel you can use (Producer/manufacturer –> agent –> wholesaler –> retailer –> consumer) is used when there are many small manufacturers and many small retailers and an agent is used to help coordinate a large supply of the product.
Answer:
Relative responsiveness of consumer to change in price is called elasticity of demand.
Elasticity of demand here is 7.
Demand is highly elastic.
Cutting the price from $1.25 to $0.75, total revenue remains same as the elasticity of demand does not change.
Explanation:
Percentage change in quantity demanded due to percentage change in price.
Elasticity of demand=% change in quantity demanded/percentage change in price.
Small change in price caused a huge change in quantity demanded.
Answer:
Explanation:
The journal entry is shown below:
Petty cash A/c $200
To Cash A/c $200
(Being the petty cash fund is established)
Simply we debited the petty cash account and credited the cash account so that the correct posting can be done with the correct item and the correct value.
All other information which is given is not relevant. Hence, ignored it
Oona should conduct research in the area of <u>"industrial-organizational" </u>psychology.
Industrial-organizational psychology is the branch of psychology that applies psychological speculations and standards to associations. Regularly alluded to as I-O brain research, this field centers around expanding working environment profitability and related issues, for example, the physical and mental prosperity of representatives.
Industrial-organizational psychologists use psychological standards and research strategies to take care of issues in the work environment and enhance the personal satisfaction. They think about work environment profitability and administration and representative working styles. They figure out the morale and identity of an organization or association.
