1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mash [69]
3 years ago
8

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
Theoretically, a company comparing multiple projects with similar investment requirements and durations would select projects wi
Elden [556K]

Answer:

D.)

the highest IRR

Explanation:

Here are the options to the question :

A.)

the IRR that is closest to zero

B.)

a negative IRR

C.)

the lowest IRR

D.)

the highest IRR

IRR is a capital budgeting method.

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

The higher the IRR, the more profitable the project is.

In the absence of certain restrictions, the project with the highest IRR should be chosen

4 0
3 years ago
Before introducing the new software, Star Software Inc., conducted benchmark activities to assess how popular the product would
barxatty [35]

Answer: C. Access the current reality

Explanation:Accessing the current reality of a market or product involves conducting certain benchmark activities in other to access or identify the challenges which may hinder the product or market from reaching the intended height. Current reality assessment is a fundamental step in making a product launch as a good reality assessment will pave the way to making success and generating the company's projected revenue from the product. It is an important aspect of the strategic management process as it projects the popularity of the intended product.

3 0
3 years ago
Windsor Locomotive Corporation purchased for $550,000 a 40% interest in Lopez Railways, Inc. This investment enables Windsor Loc
Vanyuwa [196]

Answer:

Journal Entries

Dr. Investment in Lopez Railways Inc.  $600,000  

Cr. Cash                                     $600,000

Dr. Investment in Lopez Railways Inc                   $59,600

Cr. Income of Investment in Lopez Railways Inc $59,600

Dr. Cash                                                 $10,800

Cr. Investment in Lopez Railways Inc  $10,800

Explanation:

As Windsor Locomotive Corporation has purchased 40% interest in Lopez Railway Inc.Lopez Inc. is classified as the associate company of Windsor Corp.

Share in net Income = $149,000 x 40% = $59,600

Share In Dividend = $27,000 x 40% = $10,800

4 0
3 years ago
The largest percentage of gross domestic product (GDP) is
kiruha [24]

Answer:

b. consumer spending  

Explanation:

GDP = C+I+G+(X-M)

The most powerful driver of an economy is consumption (C). In the US the biggest share in the GDP participation is the consumers expenditure of goods and services within the economy.  

7 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
frosja888 [35]

Answer:

After-sales service

Explanation:

After-sales service are all the efforts of a business to keep its clients happy and satisfied with the products they have purchased. It is providing care to customers after they have made purchases from the business. After-sale service help in retaining and building loyal customers.

Some of the techniques used in after-sales service include

  • Keeping in touch with customers after purchases
  • Responding to customer queries either on call, emails, or customer visit
  • Offering technical supports when a customer is facing challenges like in the scenario described above
3 0
3 years ago
Read 2 more answers
Other questions:
  • The journal entry to record a return of merchandise purchased on account under a periodic inventory system would be
    6·1 answer
  • Why does a diverse and inclusive workforce benefit a firm supporting a global market?
    15·1 answer
  • What was the average maturity level (with a high of 5) reported by survey participants for high performing organizations and low
    10·1 answer
  • A company’s flexible budget for 16,000 units of production showed sales, $48,000; variable costs, $24,000; and fixed costs, $17,
    15·1 answer
  • The phase of a weight-training program in which most of the strength gains are realized is the ________ phase science-forums
    8·1 answer
  • If the circular flow model shows that if the government hands out a tax cut, what should happen with the money?
    7·1 answer
  • On a production possibilities​ frontier, 500 pounds of apples and​ 1,200 pounds of bananas can be produced while at another poin
    7·1 answer
  • What is the stated cause of action in the 2005 complaint filed by the U.S. Justice Department against the Zeon Chemical company
    11·1 answer
  • Drag the tiles to the correct boxes to complete the pairs.
    13·1 answer
  • You try to evaluate an investment project for a company. A firm uses $38 million of debt and $15 million of preferred stock. The
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!