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Ann [662]
4 years ago
5

A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p

riced approximately the same, which one has the least elastic demand? a. Amputation procedures for diabetes sufferers b. Yacht
Business
1 answer:
Katena32 [7]4 years ago
8 0

Answer:  option A

Explanation: Price elasticity can be defined as the relative change in the quantity demanded for goods or services with respect to change in price. There are several factors affecting price elasticity and one of them is the the nature of that good or service , that is, whether it is necessity or a luxury.

Consumers demand with respect to necessary goods do not change much when price rises as compared to luxury goods as necessary goods like daily bread and medicines are essential for life.

In above two options amputation procedure is a necessity whereas yacht is a luxury.

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brand dilution

Explanation:

According to the information in the question above, it is correct to say that Ferrari may run the risk of diluting the brand, which occurs when a brand has a very strong product, as in the case of Ferrari, which is a brand recognized for its luxury cars , and betting on a licensing strategy can lead to a loss of value because other product lines do not meet the quality and value standards perceived by consumers.

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Claire wants to take out a small personal loan to renovate her kitchen. She borrows $3,000. Her loan has an annual compound inte
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4 0
4 years ago
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When the amount of revenue collected in advance decreases during an accounting period:(A) Accrual-basis revenues exceed cash col
otez555 [7]

Answer:

The correct answer is letter "A": Accrual-basis revenues exceed cash collections from customers.

Explanation:

Revenue collected in advance are profits collected usually at the beginning of a contractual agreement that implies obligations from the firm for a certain time. For instance, insurance companies charging a one-time payment for an annual policy fall into this category.

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5 0
3 years ago
Brian, the operations manager in a company that manufactures light bulbs, calculates the daily productivity at the factory by de
Andru [333]

Answer:

A) partial productivity

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in the example above, Brian examine the number of  tungsten filaments.

Even though number of tungsten filaments alone cannot be used to measure company's productivity as a whole, higher number of tungsten filaments usually correlate with finished products that can be sold to the customers. Which means that this smaller part of company's operation can be used to gauge company's overall productivity.

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The marketing managers of Havtol Inc., a food products company, created a dedicated software system to receive customers’ feedba
jarptica [38.1K]

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A) web survey system

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A web survey system is used to create a database with the customers' stored answers to the questionnaire. That database can be processed by statistical software to provide analytical information about Havtol's customers, the products they prefer and other relevant information (depending on what the questionnaire was about).

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