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zubka84 [21]
3 years ago
8

Explain why an item that has many close substitutes tends to have an elastic demand

Business
1 answer:
Blababa [14]3 years ago
6 0
The item that has many close substitutes tend to have an elastic demand since this means that the consumers have a lot of variations to choose from. This makes the demand for the item very dependent on the number of consumers this item caters. The more substitutes mean more competition, more choices for the consumers, less demand for a particular item. 
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Melissa pellerano does consulting for the yellow pages. Her clients want to know how much of an increase in customers' awareness
tankabanditka [31]

Melissa must conduct<u> "causal research".</u>


Causal research falls under the class of conclusive research, as a result of its endeavor to uncover a circumstances and end results connection between two factors. Like descriptive research, this type of research endeavors to demonstrate a thought set forward by an individual or association. Be that as it may, it essentially varies on the two its techniques and its motivation. Where descriptive research is expansive in degree, endeavoring to more readily characterize any feeling, demeanor, or conduct held by a specific gathering.

6 0
3 years ago
epper Department store allocates its service department expenses to its various operating (sales) departments. The following dat
ad-work [718]

Answer:

Pepper Department Store

The total advertising expense allocated to Department B is:

= $24,000.

Explanation:

a) Data and Calculations:

Expense            Basis for allocation               Amount

Rent                   Square feet of floor space $ 49,000

Advertising        Amount of dollar sales      $ 80,000

Administrative   Number of employees     $ 120,000

Department   Square Feet   Dollar Sales   Number of employees

A                         5,500            $ 355,000              31

B                         5,900            $ 375,000              33

C                         6,100            $ 520,000              35

Totals               17,500          $ 1,250,000              99

Advertising Expense Allocation:

Department A = $22,720 (355,000/$1,250,000 * $80,000)

Department B = $24,000 ($375,000/$1,250,000 * $80,000)

Department C = $33,280 ($520,000/$1,250,000 * $80,000)

6 0
2 years ago
You bought a stock for $28.29 and sell it for $35 after four years. What was the true annual rate of return (compounded)
Irina18 [472]

Answer:$1.68

Explanation:

4 0
2 years ago
Read 2 more answers
Describe the types of economic resources​
vivado [14]

Answer:

There are generally three important types of economic resources: Natural Resources, Human Resources and Capital Resources, that contribute to the economy of the nation.

Explanation:

Economy of any nation is dependant on the resources that the nation exhibits. There are generally three important types of economic resources namely; Natural Resources, Human Resources and Capital Resources.

  • Natural Resources: These are naturally created resources that are available in any nation and also contributes to the economy of that particular nation. These resources cannot be created by man and are mostly available because of the geographic factors. Examples of these resources are Agriculture, Water resources, etc.
  • Human Resources: These are manpower that are available to contribute in the growth and development of economy of the nation. Human resources are considered an important asset of any nation. Without the availability of sufficient human resources, the other resources are useless.
  • Capital resources: These are the financial resources available with any nation that contributes in the development and growth of that particular economy.  When wealth and money are used to create more wealth and money, these resources comes under the capital resources of the nation.
5 0
3 years ago
Consider the following income statement for the Heir Jordan Corporation:_____.
lions [1.4K]

Answer:

The rest of the question and the answer are attached.

To get the percentages, the following formula was used;

= (Account/ Sales) * 100

For instance, for the Fixed Assets it was;

= (37,200/48,200) * 100

= 77.18%

3 0
3 years ago
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