Answer:
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Answer:
The planning function of management includes establishing goals and standards, developing rules and procedures, and developing plans and forecasting
Explanation:
Planning is the function of management that involves setting objectives and determining a course of action for achieving those objectives.
Answer:
Buy 7% less houses
Explanation:
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income
Income elasticity of demand = percentage change in quantity demanded/ percentage change in income
1.40 = percentage change in quantity demanded/ 5%
Percentage change in quantity demanded = 1.4 × 5% = 7%
Because the coefficient of elasticity is greater than one, it means demand is income elastic. This means quantity demanded is responsive to changes in income. A fall in income would reduce the quantity demanded.
I hope my answer helps you
Answer:
The trader should orders to buy ABC stock or take a long position to the stock.
Explanation:
The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.
Answer:
Pure Competition
Explanation:
There are 4 types of marketing competitions which are;
1.monopoly
2.monopolistic competition
3. oligopoly
4. pure competition.
Of these 4 competitions, a pure competition is the answer to the above question because by definition, a pure competition is one in which there are no barriers to competition and there a lot of suppliers.
in pure competition, manufacturing companies have little to no say at all on the prices of products as any increase from any company will force consumers to look in another company's direction for the same product.
we can therefore say in summary that <u>a Pure competition is a competition in which a lot of companies sell their products at a unified price.</u>
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Cheers.