They are to set a plan and Have parameters
Answer:indeed!
Explanation:
Globalization leads to increased competition! So this competition can be related to product and service cost and price, target market, technological adaptation, quick response, quick production by companies etc. When a company produces with less cost and sells cheaper, it is only able to
just increase its market share.6 oct. 2011
Answer:
Elasticity = 1,08
Explanation:
Elasticity is a microeconomic concept that aims to measure the sensitivity of demand in the face of income changes. To calculate the elasticity of income, a formula is used that divides the observed change in quantity (Q) by the change in price of income (P). Elasticity = [▲ Q /Q]/ [▲ P
/P]
At first, Blake consumed 2 generic potatoes and his income was $ 8. After raising the income to $ 15, he decreased the amount of generic potatoes by one.
So, we have:
E = [(2-1)/1] / [(15-8)/15)]
E = 0.5/ 0,46 = 1,08
Plus: When elasticity is greater than 1, we say that the demand for generic potatoes is elastic relative to income, ie, increasing income decreases the amount of generic potatoes and decreasing income increases the demand for generic potatoes. Therefore, Blake's demand for generic potatoes is elastic relative to his income variation.
If the result were less than 1, the demand for potatoes would be considered inelastic (not sensitive to changes in income).
Answer:
a. Annual fee for licensing the school logo - Direct cost - Fixed Cost
b. Cost of store manager's salary - Indirect Cost - Fixed Cost
c. Costs of t-shirts purchased for sale to customers - Direct cost - Variable cost
d. Subscription to College Apparel Trends magazine - Direct cost - Fixed Cost
e. Leasing of computer software used for financial budgeting at the ECS store - Indirect Cost - Fixed Cost
f. Cost of coffee provided free to all customers of the ECS store - Indirect Cost - Variable cost
g. Cost of cleaning the store every night after closing - Indirect Cost - Fixed Cost
h. Freight-in costs of t-shirts purchased by ECS - Direct cost - Variable cost
