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NARA [144]
3 years ago
15

Elaine, a small grocer, is planning to cut certain prices to increase her sales revenues. What will be the likely result of a pr

ice decrease for matches, a good for which the demand is inelastic, and a price decrease for fresh green tomatoes, an item for which consumer demand is elastic?
Business
1 answer:
QveST [7]3 years ago
8 0

Answer:

Quantity demanded of matches will remain unchanged, Quantity demanded of tomatoes will rise

Explanation:

Law of demand states that there is an inverse relationship between price of a good and it's quantity demanded, keeping other factors affecting demand as constant.

Price elasticity of demand refers to degree of responsiveness of quantity demanded of a good with respect to a change in it's price.

In the given case, price elasticity of demand for matches is inelastic since requirement of matches is fixed and consumer won't buy additional matches if the price is reduced.  Thus a price decease will not increase the quantity demanded of matches.

On the other hand, tomatoes have various uses and thus, their demand is elastic. So if price of tomatoes drops, the quantity demanded of tomatoes would rise, keeping other factors affecting demand as constant.

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Sapphire sells two products: ordinary laptops and premium laptops. Ordinary laptops are priced at $650 each and premium laptops
stira [4]

Answer:

The break-even point in units for ordinary laptops is 2,100 units.

Explanation:

Contribution Margin per unit (ordinary) = Selling Price - Variable cost

                                                                 = $650 -$605

                                                                 = $45

Contribution Margin per unit (premium) = Selling Price - Variable cost                                        = $1,150 -$1,090

= $60

$45* 4x + $60x = Fixed Costs = $126,000

= 180x +60x = $126,000

=240x =$126,000 = 525 units

Ordinary computers = 4x

                                  = 4*525

                                  = 2,100 units

Therefore, The break-even point in units for ordinary laptops is 2,100 units.

6 0
4 years ago
Suppose HP’s minorities work at a multicultural plant, which provides a comfortable learning environment before they are assigne
artcher [175]

Answer:b. Resource acquisition

Explanation:Resource Acquisition focuses on defining the needs for the project, and obtaining the right resources for the team and other resources and tools available to manage the effort.

Acquiring resources is the process of securing team members, equipment, materials or other resources required to deliver the project. The key input to acquiring resources is the project plan. The Acquire Resources process is repeated at several stages throughout the project as the need arises.

4 0
3 years ago
An annual reporting period consisting of any twelve consecutive months is known as:________.1. Calendar year2. Natural business
11111nata11111 [884]

Answer:

4. Fiscal year

Explanation:

Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.

Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.

3 0
3 years ago
It is well-known that retaining an existing customer is far less expensive than acquiring a new one, so you suggest that the own
leva [86]

Answer:

internal and external data

Explanation:

Big Data analysis can be regarded as one that contains massive amounts of data as well as complex analysis.

Internal data can be regarded as information that is been generated from within the business these could contains some areas like operations as well as maintenanc and personnel.

External data on other hands are attributed to the market, as well as from customers and from the firms competitors, it could be gotten from survey. All for increasing profitability.

4 0
3 years ago
Most banks now have customer relationship software that, when a customer contacts the bank, tells the service representative wha
Alenkinab [10]

Answer:

market penetration

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question this is a market penetration growth strategy. Selling more of an established product or service to customers that already purchase the product is a market penetration growth strategy. This is the case as long as the product is not newly developed.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
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