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Mila [183]
4 years ago
9

When the economy suffers a downturn and the incomes of many people decrease, vacationers are more likely to take car trips than

to fly. Which statement provides one possible explanation for this phenomenon?
Business
2 answers:
klemol [59]4 years ago
6 0

Answer:incomes are decreasing and so is air travel, Air travel is normal good.The decrease in income results in more car trips, making it an interior good

Explanation:NORMAL GOOD:When a rise in income increases the demand for the good.

INFERIOR GOOD:When a rise in income decreases the the demand for the good.

inysia [295]4 years ago
3 0

Answer: Air travel is a normal good and vacation travel by car is an inferior good

Explanation: What is a normal good and what is an inferior good.

Normal goods are those goods for which the demand rises as consumer income rises. While inferior goods are goods whose demand increases when consumer income decreases.

This therefore means that the demand of inferior goods is inversely related to the income of the consumer.

From the question above, we can say that car trips are inferior goods while the air travel are normal goods.

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lozanna [386]

Answer:

Place

Explanation:

The four P's of marketing is a number of tactics employed in a marketing plan to achieve better sales of a product. These four P's include; Price, Place, Promotion, and Product. The place factor takes note of the location where the target customers are most likely to be reached. To achieve better sales of a product, it is very important that the right location is chosen so that consumers who are interested in it can access it easily. For example, it would make no sense to sell grocery products in a boutique. That is not where the target customers are.

So, when the marketing manager of Demeter Perfumes decided to market the perfume in a limited number of very exclusive specialty stores, it is because that place is where the target market (most likely, high income earners), can be found easily.

6 0
3 years ago
What is the difference in internal and external recruiting
gavmur [86]
Internal recruitment is when the business looks to fill the vacancy from within its existing workforce. External recruitment is when the business looks to fill the vacancy from any suitable applicant outside the business.

Hope that helps and it on googIe
5 0
3 years ago
Read 2 more answers
There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

5 0
3 years ago
Hopkins Company has taken a position in its tax return to claim a tax credit of $70,000 (direct reduction in taxes payable) and
Oksi-84 [34.3K]

Answer:

The amount of the additional projected liability that should be recognized is $28,000

Explanation:

For computing the amount of the additional projected liability, we have to apply the formula which is shown below:

= Tax benefit in 20% - Tax benefit in 40%

= $70,000 - $42,000

= $28,000

The other information which is given in the question is irrelevant. So, it is not been considered in the computation part. Hence, it is ignored.

We took the higher value between $42,000 and $14,000.

5 0
4 years ago
The ________ model highlights the primary or support activities that add a margin of value to a firm's products or services wher
ikadub [295]

Answer:

A. value chain

Explanation:

  • The value chain is a model that highlights the primary or support activities that add to the margin of the values of products and services and can be best applied to have a competitive advantage and delivers a value product to the market.
7 0
3 years ago
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