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Alexxx [7]
4 years ago
10

A music store holds a half-price sale on all CDs. During the sale, people buy more CDs than usual. What does this event show?

Business
2 answers:
puteri [66]4 years ago
8 0

Answer:

C. the law of demand

Explanation:

This emphasizes the Demand Law, which states that consumers are rational and seek to maximize their pursuit by buying more goods at the lowest possible price. Thus, when consumers consider the price high, the demand is lower. However, as price decreases, demand increases. This is exactly what happened, when the price of CDs has halved, leading to higher demand than usual.

Alja [10]4 years ago
6 0
A music store holds a half prices sale on all CDs. During the sale, people buy more CDs than usual. by the statement above sentence this event show: c. the law of demand.

hope this help
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If ERS had an incremental increase in revenue of $100,000, based on the net profit margin computed, what is the additional poten
romanna [79]

Answer:

The first part of the question was missing, so I looked for it:

total revenue = $934,500

net income = $62,260

net profit margin = (net income / total revenue) x 100 = ($62,260 / $934,500) x 100 = 6.662%

if revenue increases by $100,000, then net income should increase by:

$100,000 x 6.662% = $6,662

3 0
3 years ago
Which of the following is the best definition of marketing research? A) The process of analyzing secondary information and provi
Marina86 [1]

Answer:

The correct answer is D) The process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem.

Explanation:

The definition of marketing research is process of gathering, analyzing and interpreting information about a market, about a product or service to be offered for sale in that market, and about the past, present and potential customers for the product or service; research into the characteristics, spending habits, location and needs of your business's target market, the industry as a whole, and the particular competitors you face

5 0
4 years ago
An entrepreneur borrows $500,000 today. The interest rate is 11.5%. If the entrepreneur makes annual payments of $70,000 per yea
love history [14]

Answer:

After 18.44 year loan will be paid

Explanation:

We have given an entrepreneur borrows $500,000 today.

So total amount is $500000

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We have to find the time period

We know that total amount is given by

A=P(1+\frac{r}{100})^n, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period

So 500000=70000\times (1+\frac{11.25}{100})^n

7.142=1.1125^n

Taking log both side

log7.142=nlog1.1125

n\times 0.0463=0.8538

n = 18.44 year

So after 18.44 year loan will be paid

6 0
3 years ago
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Answer:

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The term that is being mentioned in this question is known as home country spendable. Like mentioned, this is income that represents the specific part of the home-country income that the assignee uses in order to pay the day-to-day purchases, unless the cost of the goods/services is higher in the host location, in which case a compensation package needs to be added.

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3 years ago
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Product design and choices of location are examples of STRATEGIC decisions
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