Answer:
The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.
Explanation:
To begin with, the concept known as <em>''price-responsive'' </em>in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.
Answer:
Financial advantage = $10,000
Explanation:
Since the calculators are obsolete, in the current state they only have value of $50,000
If further processed,
Sales = 190,000
Processing cost = 130,000
Total profit after processing = 190,000 - 130,000 = $60,000
The financial advantage of processing further = 60,000 - 50,000
Financial advantage = $10,000, the calculators should be processed further.
Hope that helps.
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Answer:
The correct answer is letter "B": flexible in both directions.
Explanation:
The ability that an individual, family or group of people develop to improve or worsen their economic condition is called economic mobility. It is measured in income terms and particularly, in the U.S. is flexible in both directions since, according to studies, Americans have proved to be able to get better living conditions but some of them have gone from good economic situations to poverty.
