All categories

3 years ago

As the owner of a party store, you have decided to lower the price for all balloons this month. What do you expect to happen?

Business

1 answer:

Ulleksa [173]3 years ago

3 0

Answer:

Quantity demanded for balloons will increase.

Explanation:

According to the law of demand, there is an inverse relationship between the price of the commodity and the quantity demanded for that commodity.

This means that if there is an increase in the price of a good then as a result the quantity demanded for that good decreases and on the other hand if there is a fall in the price of a good then as a result the quantity demanded for that good increases.

Therefore,

Fall in the price of balloons will lead to increase the quantity demanded for balloons.

You might be interested in

The concept of target market as it pertains to marketing is defined as: Group of answer choices Dividing a market into groups ba

SSSSS [86.1K]

Answer:

The correct option is option D, that is A set of buyers sharing the common needs or characteristics that the company decides to serve.

Explanation:

The concept of target market is termed as the group of potential customers to whom a company wants to sell its products and services. This group also includes specific customers to whom a company directs its marketing efforts.

Thus

Option A is not correct as it is not the market target, it is the process of market segmentations.

Option B is not correct as it is a the market coverage strategy which targets several segments of the market.

Option C is not correct as it is a method of effective marketing.

So only option D is correct.

8 0

2 years ago

What is the admirals feast for red lobster

jekas [21]

Answer:

Admiral's Feast Tuesday—Red Lobster's take on a classic fish fry. Enjoy Walt's Favorite Shrimp, bay scallops, clam strips and wild-caught flounder—all fried until perfectly crisp and golden

Explanation:

8 0

3 years ago

Richland’s real GDP per person is $10,000, and Poorland’s real GDP per person is $5,000. However, Richland’s real GDP per person

dangina [55]

Answer:

It will take approximately 36 Years to Poorland to catch up to Richland.

Explanation:

Given data:

The GDP increase in Poorland per year = 1 %

The GDP increase in Richland per year = 3 %

Calculations:

Step 1: For Richland:

The formula for calculating the per year GDP increase for Richland is:

GDP = 10,000 + (10,000 x (1/100)) ---- (1)

GDP for first Year = 10,100$

GDP for second Year = 10,201 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 11046.2$

GDP for 20th Year = 12201.9$

Step 2: For Poorland:

The formula for calculating the per year GDP increase for Poorland is:

GDP = 5,000 + (5,000 x (3/100)) ---- (1)

GDP for first Year = 5,150$

GDP for second Year = 5,304.5 $

Similarly using the formula (1) we calculated the values for 10 and 20 years

GDP for 10th Year = 6719.6$

GDP for 20th Year = 9030.6$

Step 3: When will Poorland catch up to Richland:

By calculating values using the above formulas, we have found that for 38th year, Poorland will catch upto Richland and will have more GDP.

Poorland GDP for 36th Year = 14491.4$

Richland GDP for 36th Year = 14307.7$

6 0

3 years ago

On the twentieth day of the month, room sales at the Motor Lodge Motel exceeded its breakeven point for the month. Revenue gener

Firdavs [7]

Answer:

D) increase at a faster rate than the costs associated with those sales.

Explanation:

If the break even point was reached during the 20th day of the month, then any revenue generated during the remaining 10-11 days will increase net profits. The amount of net profit increase will be determined by the contribution margin of each service provided. The contribution margin = net sales - variable costs. Since the fixed costs have already been covered, the contribution margin will be equal to the net profit.

4 0

3 years ago

On April 23, Mrs. Y purchased a taxi business from Mr. M for a $60,000 lump-sum price. The business consisted of a two-year-old

vladimir2022 [97]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

It must allocate $\$19000$ for both the taxicab and $\$41,000$ for the rest of the license, the client list, and the company name registered.

Its cost of intangible material could be amortized for 180 months starting in April. $(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

She could also use Section 179 to decrease her taxable money to $\$17,890 (\$36,890 - \$19,000)$ but include her deduction.

Her taxable annual income is $\$15,840 (\$17,890 - \$2,050)$ .

In point b:

They must allocate $\$19,000$ for the taxi and $\$41,000$ for their licenses, the customer list as well as the business by interacting with people register. Its cost of the material could be depreciated for 180 months, starting in April.

$(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

The taxable income here $= \$0 (from \ \$17,100 -\$19,000) = -1,900.$

Section 179 could be requested if another income is earned on the tax return (such as W-2 wages).

As all Section 179 is unpaid with other earned income, it is carried forward into the next year.

3 0

2 years ago