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sveticcg [70]
3 years ago
12

Career Situation: What Would You Do? For some years now, you’ve owned a small specialty bookshop in a college town. You sell som

e textbooks but mainly cater to a broader customer base. Your store always stocks the latest fiction, nonfiction, and children’s books. Recent numbers show a steep decline in sales, including of books that would normally be considered best sellers. You suspect this is because of the growing popularity of e-books and e-readers such as the Amazon Kindle and Barnes & Noble Nook. Some of your friends say it’s time to close up because your market is dying. Is it hopeless, or is there a business strategy that might yet save the store?
Business
1 answer:
Margarita [4]3 years ago
4 0

Answer:

Considering the current market and the wide growth of e-books, I would prefer to close the bookstore and establish a new business.

Explanation:

The bookstore shown in the question above has a greater focus on academic books, since it is established in a university city.

As we know, academic books tend to have high economic value, in addition to being heavy and intended for university students, who generally have reduced and weakened economic power. In this scenario, these students will prefer to use digital books, as they are cheaper, do not take up space and can all be taken to class through a digital reader.

In other words, students will prefer to buy digital books, which shows the impending decline in bookstore sales, which even if it offered discounts and promotions would not be able to compete with the attractive prices of digital books.

In that case, I would prefer to close the bookstore and start a more profitable and promising new business.

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The demand for a product is unit elastic. At a price of $20, 10 units of a product are sold. If the price is increased to $40, t
Gekata [30.6K]

It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.

<h3>What is elastic demand?</h3>

An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.

An inelastic demand entails change in quantity demanded due to a change in price is small.

Learn more about elastic demand at;

brainly.com/question/24384825

5 0
2 years ago
Which of the following is a benefit to corporate executives when a process is outsourced?
love history [14]

Answer:

<h2>In this case,the correct answer would be option b) given in the answer choices or More time to explore new revenue generation activities.</h2>

Explanation:

  • From an economic or business perspective, outsourcing of operational activities or conducts refer to assigning the business functions, activities, projects, assignments etc. to any third party or external agency with a view to enhance work productivity and minimize overall average operational costs or expenses.
  • The third party or the external entities involved in the outsourcing activities are typically not part of the parent or main company or are not commercially affiliated with the parent or main company.
  • One of the advantages of outsourcing to the company executives is to be able to assign some of the major and time consuming business activities to outsourced companies or entities and focus more on other mediums or sources of revenue generation for business. It might include introduction of new product or service lines, restructuring of the internal organizational settings or venturing new markets to capture higher consumer or client base. Hence, higher work or labor division through outsourcing activities can provide more time and opportunity for executives to focus more on other revenue generating endeavors.
5 0
2 years ago
Help I need help with writing a article about fashion &amp; lifestyle blogger
N76 [4]
To help you i am going to need you to get more information. For example find a source of an article and find out their latest news. Fashion For example is easy just look at some of the newest trends an you can add in how famous people were these new types of fashion and styles. To write an article you need to get information! find websites and clothing lines of your choice. You can use anything you'd like. Just get the evidence to support it 
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3 years ago
2. The Jasmine Tea Company purchased merchandise from a supplier for $43,338. Payment was a noninterest-bearing note requiring J
cestrela7 [59]

Answer:

3%

Explanation:

Given the following :

Purchased merchandise = $43,338

Number of payments required = 6

Payment per period = $8,000

PV factor (PVIFA) = (purchased merchandise / payment per period)

PVIFA = (43,338 / 8000) = 5.41725

Using the PVIFA table, we locate the interest rate on PVIFA factor of 5.41725 for a period of 6 years.

For PVIFA of 5.4172, the interest rate is 3%

Hence the implicit Interest t rate = 3%

PVIFA = [1 - (1+r)^-n] ÷ r

4 0
2 years ago
A machine purchased three years ago for $303,000 has a current book value using straight-line depreciation of $184,000; its oper
lakkis [162]

Answer: Cost of keeping old machine is $469,000

Cost of Purchasing New Machine is $271,000

Explanation:

Keeping the old machine.

When calculating the cost of keeping the machine you use the disposal value.

Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime

Cost = ( 88,000 - 15,000) + ( 36,000 * 11 years)

Cost = 73,000 + 396,000

Cost = $469,000

Cost of keeping old machine is $469,000.

Cost of New machine

Cost = (Disposal Value - Residual Value) + Total Operating Costs for remaining lifetime

Cost = (239,000 - 76,000) + (12,000 * 9)

Cost = 163,000 + 108,000

Cost = $271,000

Cost if New machine purchased,

= $271,000

6 0
3 years ago
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