Hello,
The sensitivity of consumers to price changes is measured by the <span>price elasticity of demand
Hope this helps
~HotTwizzlers</span>
The singular thing which is important for modern firms to build and maintain by conducting ethical and transparent transactions is:
<h3>What is Consumer Trust?</h3>
This refers to the belief which a customer has in a particular business, usually because of its ethical and transparent practises.
With this in mind, we can see that if modern firms fail to build this consumer trust, then they stand the risk of losing their customer base to their competition.
Read more about consumer trust here:
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An unlimited right to privacy is constitutionally recognized in Canada - this statement is true.
<h3 /><h3>What is Canada’s privacy law?</h3>
Canadian privacy law is derived from the common law, statutes of the Parliament of Canada and the various provincial legislatures, and the Canadian Charter of Rights and Freedoms. The first instance of a formal law came when, in 1977, the Canadian government introduced data protection provisions into the Canadian Human Rights Act. Privacy law is the body of law that deals with the regulating, storing, and using of personally identifiable information, personal healthcare information, and financial information of individuals. Canada has two federal privacy laws that are enforced by the Office of the Privacy Commissioner of Canada - the Privacy Act, which covers how the federal government handles personal information, the Personal Information Protection and Electronic Documents Act.
Learn more about Canada’s privacy law, refer:
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Answer:
a decrease in the total amount of units produced while fixed costs remain the same (that is why they are called fixed).
Explanation:
For example, company A produces 1,000 units with a total variable cost per unit of $10 plus $10,000 total fixed costs. Company A's total costs = $20,000
If company A's production level decreases to 950 units, their total costs = $19,500. Therefore a 5% decrease in production units only decreases fixed costs by 2.5%.
Company A's total costs were evenly split between variable and fixed costs, but sometimes either variable or fixed costs are proportionally larger. If the fixed costs of company A had been 67% of total costs instead of 50%, the 5% decrease in units produced would have reduced total costs by only 1.7%.
So the larger the proportion of fixed costs, a change in the number of units produced will have a smaller impact in the total costs of the company.
Answer:
The static budget variance of revenues is 36000 Unfavorable
Explanation:
Lincoln Corporation
Static Budget Variances
Actual Budgeted Static Budget
Units sold Units sold Variance
42,000 units 39,000 units
Sales Price $ 12 $ 12
Revenues 504000 468000 36000 Unfavorable
Variable costs $ 168,000 $ 158,000 10,000 Unfavorable
Fixed costs $ 46, 000 $ 48,000 2000 Favorable
The Static Budget Variance is calculated by subtracting the budgeted amounts from the actual amounts.
In a static budget the actual amounts are not changed for different activity levels. Instead the actual is compared with the budgeted so that exact variance is obtained for an organization.