Answer:
ELASTIC
DECREASING PRICE
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
The demand for your parking lot spaces is elastic. if the price of parking is reduced, the demand for parking would rise
Answer:
The correct answer is letter "D": trace direct-material cost to each product produced and use a predetermined application rate for conversion cost.
Explanation:
The Operation-costing system combines <em>Process Costing </em>with <em>Job costing</em>. Process costing is mostly used for mass-production undifferentiated goods so each product will be given the same cost. Job Costing, instead, is typically used for manufacturers of tailored products, thus, each product has different <em>material, direct labor, </em>and <em>overhead costs</em>.
So, <em>to determine the costs of manufactured goods under the operation-costing system, direct material should be allocated separately and the use of an application will be necessary to determine the conversion cost -the combination of direct labor and overhead.</em>
Answer:
to sell a security quickly, at a low transaction cost, and at a price close to its fair market value.
Explanation:
Marketability can be described as a measure of the rate at which a particular product will be purchased by potential customers. Marketability helps to evaluate the value of the product in the market.
Marketability helps marketing managers to determine if customers will be willing to purchase their products in the market. It helps them to know at what price a particular product can be sold to maximise profit. The quality of a product determined how well It will appeal to potential customers.
