The demand for ski rentals falls when the price of lift tickets increases. This is an example of Price Elasticity of demand.
<h3>What Is Price Elasticity Demand?</h3>
This refers to the relationship between the price of a commodity relative to the demand of that same commodity.
In other words Price elasticity of demand is a measure of how sensitive the quantity demanded is to its price.
When the price increase, quantity demanded for such product decreases. It is important to note that the fall in prices of some product is more than the others.
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Answer:
The correct answer is D) product differentiation.
Explanation:
Product differentiation is a competitive strategy that aims to allow the consumer to perceive differently the product or service offered by a company, with respect to those of the competition.
Product differentiation can be based mainly on various attributes such as quality, color, size, after-sales service, specialized attention, location, brand recognition or luxury. But any attribute makes perceive a product or service differently is considered product differentiation.
It should be noted that the differentiation also has a subjective element since consumers can perceive that a certain brand is different from another based not on the comparison of objective characteristics but on the idea that they have made of the company and its image.
Answer:
Strong form
Explanation:
Efficient market hypothesis states that all information about a set of investment in a market is readily available, so it is impossible to beat the market and make unusual profit.
There are different forms that looks at the availability of public and non public information in the market system and their effect on stock prices.
The strong form of the efficient market hypothesis states that both public and non public information is accounted for in the price of a stock, therefore there is no way an investor can make unusual profit.
If a certain group of stocks have large positive price changes followed by large negative price changes, it is a violation of strong form of the efficient market hypothesis.
Answer:
I. Large amount of molten rock would rain down on Earth and cause massive forest fires.
and
IV. Thick clouds of carbon dioxide would form and block out the sun for an extended period.
Answer:
C. Significant amounts of indirect costs are allocated using only one or two cost pools.
D. All or most indirect costs are identified as output unit-level costs.
E. Products make diverse demands on resources because of differences in volume, process steps, batch size, or complexity.
F. Products that a company is well suited to make and sell show small profits, whereas products that a company is less suited to produce and sell show large profits.
Explanation:
ABC (activity based costs) method focuses on individual activities as the main cost objects. After it determines the cost of individual activities, it uses them as the basis for assigning costs to products and services. ABC method allocates overhead costs based on the main cost objects.