Answer:
travel agency
Explanation:
as service businesses include <u>companies engaged in transport</u>, food service, distribution, retail, and other industries that sell services rather than products. These intangibles provide the primary revenue source for service businesses.
Answer: All of these are correct answers.
Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.
In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.
Hence from the above we can conclude that all the statements are correct in the given case.
The statement above is true. Forecasting is the utilization of notable information to decide the heading of future patterns. Organizations use estimating to decide how to apportion their financial plans or plan for expected costs for an up and coming timeframe. This is regularly in view of the anticipated interest in the products and ventures they offer.
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Answer:
1. It is perfectly inelastic
Explanation:
Elasticity of Demand is the responsiveness of demand to price change.
- Elastic Demand > 1 ; implies demand changes proportionately more than price change
- Inelastic Demand < 1 ; implies demand changes proportionately less than price change
- Perfectly Elastic Demand = ∞ ; implies demand changes infinitely to price change, so the prices are constant
- Perfectly Inelastic Demand = 0 ; implies demand doesn't respond to price change, so quantity demanded is constant
Given : Seth body builder needs 12oz protein packet to 'feed his muscles' depicts that it is a necessity good to him. Being a necessity good, it would be demanded by Seth irrespective of price.
So, the demand is perfectly inelastic.