The act of making the decision is the part of this step of market research that makes management more confident business decisions.
<h3>What is market research?</h3>
This refers to the activity of gathering market information about consumers' needs and preferences.
Some steps of a market research includes:
- present the findings
- make the decision
- develop the research plan
- collect the information
Read more about market research
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Answer: Demand is Unit - Elastic over this price range.
Explanation:
When total revenue remains the same over various price level then the demand curve is unitary elastic.
Unit-Elastic demand - It depicts a demand curve which is perfectly responsiveness to changes in cost. That is, the amount of demand changes as indicated by a similar percentage changes in prices.
A demand curve with an elasticity of 1 is called as unitary elasticity of demand.
Answer:
The stock dividends are not taxable in 2009 for this case
Explanation:
A. According to the US taxatation regulation in this particular case the stock dividend is not taxable because it is <em>pro rata</em> to all the shareholders.
<em>pro rata means proportional.</em>
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Answer:
a. unethical
Explanation:
This company's behavior is unethical. In the globalized world, it is natural for transnational firms to direct their production structure to countries where labor is cheaper, as this makes their product more competitive in the international market. However, these firms must not take advantage of regulatory failures in the labor market in these countries to increase their profit. Every firm must be concerned and ensure that the physical integrity and health of employees who work on its plants is preserved, regardless of location. Thus, in order to act ethically, this firm should implement process improvements to minimize the exposure of employees to chemical agents and to inhibit the exploitation of the labor that occurs when employees work in excess and without being paid for overtime.
The formula for calculating the Confidence Interval is as
follows:
Confidence Interval = x +- (z*s)/√N
Where:
x = mean = 10.36
z = taken from standard normal distribution table based on 95%
confidence level = 1.96
s = standard deviation = 5.31
N = sample size = 30
Substituting know values on the equation:
Confidence Interval = 10.36 +- ( 1.96 * 5.31) / √30
Confidence Interval = 8.46 and 12.26
Hence the bill of lunch orders ranges from 8.46 to 12.26.
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