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Alja [10]
3 years ago
14

Annabelle typically drives her car to work. but she only lives one mile from work and is willing to ride her bike instead. if th

e price of a bike falls, what would happen in the market for cars?
Business
2 answers:
Ulleksa [173]3 years ago
3 0
What would likely be an answer to the question is that if the bike has decreased in regards to its price, then the demand for cars would likely be decreased. It is because of the fact that the car has been substituted to another thing which is more cheaper than the car which makes the car to have a decreased in demand.
otez555 [7]3 years ago
3 0

If the price of a bike falls in the market, then demand for the cars also falls.

This is a simple logical answer.

The substitute for the car in market is Bike. If prices of cars increases, people will move towards the substitute. Similarly, if the prices of bikes fall in a market, more people will move from car to bikes. Thus the demand for cars decreases. People will move towards the less costly mode of travelling.

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Vanyuwa [196]

Answer:

Linkedin

Explanation:

it specializes in that department

6 0
3 years ago
Read 2 more answers
Which of the following is a tip for writing more effectively for business purposes?
Llana [10]

A. start by stating your purpose and what you expect of the reader for writing more effectively for business purposes

A business purpose explains the motivation for the founding of a company. It outlines both the goals of the company and what makes it special. A company purpose is substantially shorter than both a mission statement and a value statement.

A corporation may really advance if its objective is well-defined and expressed. Purpose encourages innovation, improves brand trust and loyalty, helps determine long-term business strategy, and ultimately helps a firm endure the test of time. It also creates a larger competitive edge and differentiation in the marketplace.

Learn more about  business purposes here:

brainly.com/question/14326129

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7 0
1 year ago
Signal mistakenly produced 1,000 defective cell phones. The phones cost $65 each to produce. A salvage company will buy the defe
Contact [7]

Answer:

It is more profitable to continue to rework the phones and sell them.

Explanation:

Giving the following information:

Signal mistakenly produced 1,000 defective cell phones.

<u>The $65 per phone is a sunk cost. It will remain on both decisions, therefore, we will not take into account to make the decision.</u>

Sell as it is:

Income= 33*1,000= $33,000

Rework:

Costs= 88*1,000= $88,000

Sales= 144*1,000= $144,000

Total gain= $56,000

It is more profitable to continue to rework the phones and sell them.

3 0
3 years ago
Typically, the firms' lowest cost source of financing is ____________ as its cost is tax deductible and it also tends to offer t
Finger [1]

Answer:

Debt

Explanation:

Debt is the lowest cost source of financing because the <em>interest</em> return given to holders of debt has a <em>tax shield</em> (tax deductible) that is provided by the Section 11j  of the Income tax Act.

The other sources of finance give a return in form of <em>dividends</em>. Dividends are are not tax deductible hence they attract a huge cost.

6 0
3 years ago
What term is commonly used to describe how a company builds and maintaining strong barriers to withstand competitive attacks?.
vovangra [49]

A natural next step is a term used to describe how a company builds and maintains strong barriers to withstand competitive attacks.

In the field of business, the natural next step can be described as a part of marketing principle #3. According to this marketing principle, there is a reaction shown by every competitor in a market to its rival.

The natural next step is a strategic plan to overcome rivals in a business by forming trusted and good relations with customers. Strong barriers in the form of enhanced connections with the customers are made so that competitive attacks could be withstood.

To learn more about barriers, click here:

brainly.com/question/14277264

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5 0
1 year ago
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