Answer:
Option D
All of the above
Explanation:
Price elasticity of demand is given as
Price elasticity of demand = % change in quantity demanded/ % change in price.
Change in quantity demanded will definitely lead to an increase in total revenue. Hence the formula can be revised to become:
Change in quantity demanded = Price elasticity of demand X % Change in price
<em>Option A : If Price elasticity of demand is 1.2 and the price of the good decreases.</em>
This will cause an increase in total revenue since we will be dividing by a reducing denominator
<em>Option B: price elasticity of demand is 3.0 and the price of the good decreases:</em>
This will cause an increase in total revenue since we will be dividing by a reducing denominator
Option C: price elasticity of demand is 0.5 and the price of the good increases:
This is a case of inelastic demand since price elasticity is < 1. In inelastic demand, the price of the good does not affect the change in demand significantly. This is the case of essential goods. Hence, the total revenue will still increase.
Answer:
Divisional product structure
Explanation:
Divisional product structure is also called product based structure. It comprises of separate divisions that that function individually and focus on a different product or service.
Each division has a product line they work in, a set of clients they service, and a geographical location.
The major advantage not this type of departmentalization is that each department will more efficient in their service delivery as they specialise on one thing.
This will be the best structure for ABC Production ABC Production who are expanding from a single product line into several diverse product groups, with most sales within one country.
Answer:
The correct answer is: General Agreement on Tariffs and Trade (GATT).
Explanation:
The General Agreement on Tariffs and Trade (<em>GATT</em>) is the first multinational trade treaty signed by twenty-three (23) countries in October 1947 after the events of World War II (<em>WWII</em>) agreeing in eliminating tariffs and increase international trade. After several adjustments, it was replaced by the World Trade Organization (<em>WTO</em>) in 1955 to be assigned as the only organization handling international trade worldwide.
Due to synergism, if you take two depressants together, it may be the same as taking 3.
Synergism happens when two types of substances cooperate and interact with each other which causes or yields a greater effect, compared to their effects when each substance is to be taken separately.