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Nookie1986 [14]
3 years ago
12

Hottickets is a web-based business that buys popular concert tickets in bulk. It buys the tickets at a low price because it qual

ifies for group ticket discounts offered by concert promoters. Hotticket then marks up and immediately resells the tickets it has purchased to interested individuals who visit the Hotticket website. What is the name of the activity Hottickets is engaging in?
Business
1 answer:
Mariana [72]3 years ago
3 0

Answer:

The correct answer is Arbitrage.

Explanation:

Arbitration is a procedure by which a dispute is submitted, by agreement of the parties, to an arbitrator or to a court of several arbitrators that issues a decision on the dispute that is binding on the parties. When choosing arbitration, the parties opt for a private dispute resolution procedure instead of going to court.

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Suppose a city that operates local electric and natural gas companies wants to raise revenues by increasing its rates for electr
leva [86]

Answer: Inelastic

Explanation:

Price elasticity could be defined as when the desire for a product changes as it's price changes. When people's desires changes or they are no longer interested as the price for the commodity goes up. Inelastic demand is defined as when the buyers demand does not change or is not influenced as the price of the commodity goes up, rather the demand decreases than increasing. The price rise will increase city revenues if the elasticity of demand for electricity and natural gas is elastic.

7 0
4 years ago
Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
kenny6666 [7]

Answer:

Venus, Inc. is employing a push strategy.

Explanation:

This is a promotional strategy used by marketers to "push" their products into the customer and is often used when launching a new product. The idea is to make the product known to the public that <em>does not know</em> of it and is <em>not actively looking for it</em>. Companies often provide incentives to its distributors to give them <u>higher visibility</u> and set up <u>pont-of-sale displays.</u>

7 0
3 years ago
How volume and variety affects process design
Maurinko [17]

Answer:

rocesses often producea high variety of products/services and high-volume operations processes often produce a narrow variety of products/services. The design of any process should be governed by the volume and variety it is required to produce. Depending on those factors, processes will changeExplanation:

4 0
3 years ago
A system that keeps track of each withdrawal or addition to inventory continuously is
Natasha2012 [34]
This is a Barcoding system
7 0
3 years ago
The following transactions were selected from among those completed by Bear’s Retail Store: Nov. 20 Sold two items of merchandis
mote1985 [20]

Answer:

net sales for the period by Bear's Retail Store: 11,515.8

Explanation:

From the sales revenues we will subtract the returns and discounts.

sales revenues

           530

        4,900

  <u>      6,900   </u>

       12,330

sales returns

690 (6,900 for 10 items the custoemr returns 1 item)

<u><em>sales discount on Nancy </em></u>

(6,900 - 690) x 2% = 124.2

net sales:  12,330 - 690 returns - 124.2 discount = 11.515,8‬

7 0
4 years ago
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