Answer:
An elastic demand or elastic supply is one in which the elasticity is greater than one, indicating a high responsiveness to changes in price. An inelastic demand or inelastic supply is one in which elasticity is less than one, indicating low responsiveness to price changes
Answer:
The correct answer is B
Explanation:
Marketing opportunity is the opportunity which is a lead of sales accepted and qualified as need of the service or the product. The sales representative states the opportunity for selling to the company or an individual.
So, it is an example for capitalizing as well as identifying the opportunity in the market while the strategic window is open.
Highest growth rate based on GDP rate is found in Japan. This has been an ongoing trend for the last 100 years.
Answer: Option (b) is correct.
Explanation:
Economics of scale occurs when a firm's long run average total costs decreases as there are more number of units produced.
Basically, economics of scale is a cost advantage that is experienced by the firms or companies by increasing the level of production.
This is happened because of the indirect relationship between the per unit fixed cost and output level. The larger the output produced results in lower per unit fixed cost.
There are two types of economies of scale that are internal and external economies of scale.
Answer:
No, they are worse than the rates offered in the branch of the bank.
Explanation:
I compared cards offered in Bank of America and in the advertising that was sent to my mail of this bank. (see image attached) In both cases the rates are equal and the incentives as well. However, when I went to Bank of America, they were more credit cards available and I could choose the one that better fit for me needs.
