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timofeeve [1]
3 years ago
5

Question help if you spend a large portion of your income on a​ good,

Business
1 answer:
eduard3 years ago
3 0

c. demand for that good is more elastic than if you spent a smaller portion of your income on the good.

Demand elasticity is the change in demand as the price changes - aka price has a big effect on demand.

Think about if the cost of a candy bar doubles from $1 to $2. This is a big increase but $2 isn't a huge portion of your income so it isn't a huge deal and you will probably keep buying.  Now imagine if your car payment doubles from $350 to $700. Because this is such a big portion of your income, you will probably look to trade it in for a cheaper car.

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Vivian goes to an auction and sees a rare antique lamp that is an identical match to one she already has. At the proper time she
Verdich [7]

Answer:

Most auctions are without reserve and therefore the auctioneer cannot withdraw the lamp.                        

Explanation:

Every auction seems to be either "of-reserve" versus "without-reserve." So the reaction to whether an auction house manages higher bids depends on that form of bidding being carried out. In an offering with reserves, the auction house may reject a higher offer (retain the privilege to reject ...) in which any better bid should be approved in an offering without deposit.

Put differently, the auction house is not obliged to deliver to the top purchaser in a with reserved sale. Essentially, the next bigger raise reflects the minimum price.

6 0
3 years ago
This jacket is so thin. It can't possibly keep out the rain."(Use the boomerang method.)
Ivan

Answer:

The jacket is thin because it uses a fiber called thinsulate that enables it to have the lightest weight but is also the warmest.

Explanation:

In general marketing, the boomerang method refers to the 'reconstruction' of the customer's objection into the main reason for buying. In other words, using the same excuse that a customer has about a product to entice him/her to buy that product by reframing it as a selling point is known as the boomerang method.

In the given scenario, the customer's objection is about the thinness of the jacket can be used as a selling point by the salesman by stating that the lightness of the jacket is what makes it a good product. So, if the seller tells the customer <em>"the jacket is thin because it uses a fiber called Thinsulate that makes it thin but also warm"</em>, then that will make it an interesting and important factor for the customer to like the product more.

6 0
2 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.40, but management expects to reduce the p
drek231 [11]

Answer:

The correct answer is $57.

Explanation:

According to the scenario, the computation of the given data are as follows:

Dividend = $11.40

Growth rate = -0.05

Required rate of return = 0.14

So, we can calculate the price by using following formula:

Price = Dividend × ( 1 + Growth rate) ÷ ( return rate - growth rate)

By putting the value, we get

= $11.4 × ( 1 - 0.05) ÷ ( 0.14 + 0.05)

= $57

3 0
3 years ago
An account that would be increased by a debit is
Ne4ueva [31]
<span>An account that would be increased by a debit is A. cash.
Cash account is the only account among these up there which would be increased by a debit. Credit is the type of money which you take from your account; on the other hand, debit is the money that you pay into your account, so obviously you will have more money in your cash account if you pay money into it.
</span>
6 0
2 years ago
Read 2 more answers
Businesses can take a number of measures to respond voluntarily to consumer demands. Which of the following is an example of suc
ankoles [38]

Answer:

Customer call centers

Explanation:

Businesses can take several measures to respond voluntarily to consumer demands.

The customer call center is one of the examples of such a measure.

It is a kind of service center that can handle a large amount of customer telephone requests and problems regarding the organization and its products.

It is a direct one-on-one interaction between consumer and customer care.

5 0
3 years ago
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