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4 years ago

8

If price elasticity of demand is 0.5, it follows that a _ percent decrease in price would cause a _ percent increase

in quantity demanded.

1 answer:

aivan3 [116]4 years ago

6 0

A 5% percent decrease in Price would result in a 5% percent increas in demand i think..

You might be interested in

Unlike product, promotion, or place, price is the only part of the marketing mix

mario62 [17]

Yes, its is the only thing marketing mix does.

4 0

3 years ago

Klingon Cruisers, Inc., purchased new cloaking machinery five years ago for $20 million. The machinery can be sold to the Romula

gladu [14]

Answer:

a. $16,426,000

b. $19,080,000

Explanation:

a. What is the book value of Klingon's assets today?

Book value of assets refer to the value of the total value of the assets of a company on its balance sheet after depreciation, impairment and amortization have been deducted.

This can be calculated for this question as follows:

Book value of Klingon's assets today = Book value of current assets + Book value of fixed assets

Book value of fixed assets = $15,500,000

Book value of current assets = Current liabilities + Net working capital = $700,000 + $226,000 = $926,000

Therefore, we have:

Book value of Klingon's assets today = $15,500,000 + $926,000 = $16,426,000

b. What is the market value?

Market value refer to the amount that can be realized from selling something such as the assets of a company.

This can be calculated for this question as follows:

Market value = Machinery sales amount + Current asset liquidated amount = $18,000,000 + $1,080,000 = $19,080,000

3 0

3 years ago

Fredrick works for Vision, a billboard advertising agency, which hires billboards from owners on behalf of clients. Fredrick rou

Taya2010 [7]

Answer:

B. It is in everyone's best interests

Explanation:

Fredrick works for Vision, a billboard advertising agency. This agency specializes in hiring billboards from owners on behalf of clients. Simply put, Vision, an advertising agency, matches the need of its clients with the provision of billboards obtained from owners of such.

Fredrick works for the firm, and the implication is that, he's an agent of the agency firm, and the advertising firm is the Principal. The action of Fredrick routinely accepting pay-offs from the billboards owners contravenes this arrangement. Fredrick is thus acting parallel in line with his Principal.

It is thus worthy of note that Fredrick could only rationalize this action because he believes he is servicing the needs of the advertising agency and also the billboards owners. In his wisdom, everyone's objective is being made, bar the moral implications and obligations.

So, among the options enlisted, option B is the plausible answer.

4 0

4 years ago

Which of the following is a situation that might call for an indirect strategy?When trying to facilitate use of proper wordsWhen

Brrunno [24]

Answer: The answers are provided below

Explanation:

• Respects the feelings of the audience

Indirect strategy involves passing the main idea of communication after the explanation. The indirect strategy is actually better used when an individual wants to pass across a bad news, or a persuasive message. When the feelings of the audience is to be respected, the persuasion is actually vital, hence, the indirect strategy is better.

• Indirect

As discussed above, in an indirect strategy, the main idea is passed approach during the latter part of the message. In this scenario, Sharon may get hurt, therefore, the indirect strategy will be used.

• In the message, indirect organizational pattern is used.

Indirect organization pattern is used when you want to convince another person to learn new things or adopt a new position. In this scenario, Paolo’s position was changed as a result of restructuring. Paulo was to be informed that his new position is in the marketing department therefore the indirect organization pattern will be used.

• Which of the following will help you create a more effective outline? The answers are:

B. Combine subpoints whenever possible

C. Put the main idea in the title

E. Use evidence to support subpoints

F. Include 3 to 5 major components

5 0

3 years ago

n Corporation has a single product whose selling price is $120 per unit and whose variable expense is $80 per unit. The company’

Yuri [45]

Answer:

Explanation:

targeted profit can be achieved after covering total cost including fix cost

total cost = variable cost + fix cost

break even = total cost = total revenue

first we need to cover variable cost

Selling price = 120

Varaible cost = -80

contribution margin = 40

Now we need to cover fix cost

break even = fix cost/ contribution margin

break even = 50000/40

break even = 1250

now we need extra units to cover the targeted profit

targeted units = 10000/40

targeted units = 250

total units that should be sold for targted profit of $10000 = (250+1250) = 1500

or

we can solve through this method

targeted units = (fix cost+targeted profit) / CM per unit

targeted units = (50000+10000)/40

targeted units = 60000/40

targeted units = 1500

7 0

3 years ago