Answer:
purchase the same amount as before when the price rises by 10%.
Explanation:
A perfectly inelastic demand curve is basically a straight vertical line. This means that the consumers are willing to purchase the goods or services no matter what their price is. In other words, they will keep buying them at any price, up to infinity and beyond. This is not a real scenario, because no product will be purchased at any price that the seller wants.
The answer to this question is the knowledge management system. The knowledge management system or KMS is a system that consists of a database of management principles and experiences. This system also stores and retrieves information and knowledge that consists of productivity reports, business analysis, and other company records for easy reference.
Price, not product performance, is the primary selling point for businesses who adopt innovation as a central component of their strategy, this is an untrue statement.
There is a misconception that the closed innovation paradigm underlies innovation produced by firms themselves. This innovation takes place wholly within the businesses, from idea generation through idea development, and is clearly specified within the boundaries of the businesses. To successfully implement closed innovation in a company, a number of criteria must be taken into account. Employee needs in closed innovation are particularly high, and the company intends to expand its pool of qualified personnel. The business must also safeguard its intellectual property.
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Answer:
Absolute scarcity: First, it may be that there are simply insufficient quantities of a resource to meet human needs or wants. ... Relative scarcity: Second, there may be physical quantities of a resource present but scarcity exists because of problems about supply or distribution.Jan 19, 2012
Explanation:
Answer:
$141,000
Explanation:
The company must record the land at the price at which it purchases it. In this case, the company purchased the land at $141,000, so following the historical cost principle (accounting principle), that is the value.
The historical cost principal (under US GAAP) states that any asset must be recorded at the price at which is was acquired even if their market value might be different.
