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ale4655 [162]
3 years ago
14

Peacock is debating decreasing the price of its rooms to $325 per night. Under the initial demand conditions, you can see that t

his would cause its total revenue to _________ . Decreasing the price will always have this effect on revenue when Peacock is operating on the _____ portion of its demand curve.
Business
1 answer:
musickatia [10]3 years ago
7 0

Answer:

<u>Decrease in price</u> would have increasing effect on total revenue, when demand is elastic (upper portion of demand curve)

<u>Decrease in price </u>would have decreasing impact on total revenue, when demand is inelastic (lower portion of demand curve)

Explanation:

Elasticity is the responsive change in demand, due to change in price.    P.Ed =  % change in demand / % change in price = %ΔQ / %ΔP. Geometrically P.ed [on demand curve point] : (Lower portion on curve from the point) / (Upper portion on curve from the point)

Total Revenue is the total value of sale = Price x Quantity = P x Q

Elastic Demand : Demand responds more to price change. P.Ed > 1, %ΔQ > %ΔP. So, Price & total revenue are inversely related - price rise implies TR fall & price fall implies TR rise. Demand is elastic in upper portion of demand curve, as lower portion > upper portion at these points.

Inelastic Demand : Demand responds less to price change. P.Ed < 1, %ΔQ < %ΔP. So, Price & total revenue are directly related - price rise implies TR rise & price fall implies TR fall. Demand is inelastic in the lower portion of demand curve, as lower portion < upper portion at these points.

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Summarize these two up-and-coming leadership positions in digital media: digital media supervisor and chief digital officer (CDO
Blababa [14]

The big difference between the CIO and the Chief Digital Officer is the responsibility for turning IT into a value creator, which is something that the CIO typically doesn’t have in most organizations.

<h3>How to compare the difference?</h3>

The chief digital officer is the leading digital business from the front in a way that most CIOs aren’t. It should be that most CIOs are not trying to think of new markets, new channels, or new business models that the organization should be getting and making that a top priority. .

The CIO is used to operate much larger operations. The Chief Digital Officers are very multidisciplinary, so they have a lot of different experiences, and they're very comfortable talking with marketing and sales in their language.

They’re very good at talking to the product teams in their language and operations in their language, and executives, and so on. And not to the same degree that we see the CIOs that don’t really talk the language of business .

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7 0
2 years ago
All of the following are examples of financial stability except. a. being able to save for retirement. b. being able to pay bill
Setler79 [48]

Answer:

d. living paycheck to paycheck

Explanation:

Being financially stable means the ability to generate sufficient income to meet current and future expenditures. It means one can comfortably pay current bills, and have enough to meet for unexpected or emergency expenses.  A financially stable person can afford the basic need as well secondary needs such as education, investments, and vacations with ease.

From the list provided, examples of financial stability will include the ability to save for the future, meet current bills, and not living paycheck to paycheck. Living from paycheck to paycheck means a person spends all his or her earnings within the month. In most cases, their monthly budgets exceed income. The individual may have slightly enough or insufficient resources to last them until the next payday.

4 0
4 years ago
There are not enough goods and services to meet the wants of the population
brilliants [131]

Answer:

Explanation:

The fact that limited amounts of goods and services are available to meet unlimited wants is called scarcity. ... Scarcity always exists. There simply are not enough goods and services to supply all of society's needs and wants.

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2 years ago
The average cost of a single sales call to a potential b2b buyer in the u.s. is expensive and could cost about:
Colt1911 [192]
<span>A single sales call to a potential B2B buyer in the United States could cost about $400. A B2B sales call is a business to business sales call. The closing of a sale can be hit or miss, but it is said that any contact with the buyer can be helpful later.</span>
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4 years ago
To accurately determine the financial performance of a company, it is necessary to compare the company's performance ________.
ratelena [41]

To accurately determine the financial performance of a company, it is necessary to compare its performance from <u>year to year</u>.

In order to accurately determine the financial performance of a company, financial statements are used in evaluating, which include the balance sheet,  statement of cash flows, and the income statement.

Financial performance indicators are quite necessary as they are quantifiable metrics which are used to measure how well a company is doing. Some companies also hire an outside accounting firm to audit the financial statements.

Hence, it is necessary to compare the financial performance of a company from year to year.

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