Answer:
A) Intuitive - Thinking
Explanation:
It is an intuitive problem-solving style because the employees are first absorbing information by reading the scientific papers, and afterwards, they go through a cognitive process in which new information and old information are related in order to reach new conclusions. This is the congnitive process that intuitives follow.
It is a thinking problem-solving style because the conclusions are now put into an orderly format: guidelines, programs, etc. Besides, the employees employ measuring techniques to evaluate the effectiveness of the programs. This kind of detailed, scientific approached is how thinkers go about solving tasks.
Answer:
lower , demand
Explanation:
Price Elasticity of Demand [P.Ed] is the responsive change in demand due to change in price.
P.Ed is affected by many factors : Substitute availability, Consumer Income, Nature of product, Product use(s), role of habits, price adjustment time/ urgency of demand.
The P.Ed factor mentioned in the question is price adjustment time/ urgency of demand'
- If there is <u>short </u>time period for consumers to adjust to a price : the demand will respond less to price change. So, P.Ed is <u>lower</u>. Demand is <u>less elastic</u> in this case.
- If there is more time period for consumers to adjust to a price : the demand will respond more to price change. So, P.Ed is higher. Demand is more elastic in this case.
Demand is more elastic in long time period than in short time period
Answer:
Two-way Stretch
Explanation:
Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. This is an example of a firm that successfully performed a t<u>wo-way stretch</u> to reach more consumers and ventures that are more profitable.
Two way stretch: It is an expansion strategy of the company to introduce product within the same product line to cater different customer in the market. Company introduce new product to attract more customer as now they have premium product and low end product. Product are stretched both ways upward and downward. Example: Maruti, Titan, Marriot- Hotel & resorts, etc.
In the given case, Marriott Corporation now contains hotels and motels from the "budget" end of the consumer spectrum to the "premium" end with their JD Marriott flagship locations. Therefore, they are using two-way stretch strategy.
Answer:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
Explanation:
The journal entry is shown below:
Inventory Dr $77,175
To Accumulated depletion $77,175
(being the depletion is recorded)
For recording this we debited the inventory as it increased the assets and credited the accumulated depletion as it decreased the assets
The computation is shown below:
= (Cost of coal mine + intangible development cost + estimated fair value of the obligation - sales value) ÷ (extracted estimated tons) × (extracted tons for the first year)
= ($420,000 + $105,000 + $84,000 - $168,000) ÷ (4,200 tons) × (735 tons)
= $77,175