it may be called as hot dog
Answer:
C) enforceable requirements contract.
Explanation:
A requirements contract is a contract between one organization and its vendor. The vendor agrees to supply as much of a good or service that the organization may need and require, and the organization agrees to only purchase the good or service from that specific vendor.
In this case, Elfredo agrees to supply all the goods needed by Derkin, and Derkin agrees to buy the goods it needs only from Elfredo.
Answer:
The reason is no Rental cost (No Fixed cost)
Explanation:
The company don't need to make additional sales to earn additional contributions to cover the fixed cost to remain above the no profit & loss position. So the benefit that it can generate is making higher sales by keeping its price lower than its competitors to win the market share. Of-course customers want same quality product at the lower price and whoever is selling at their desired requirements wins the customer. So this lowering of cost will add value to their business.
Answer:
The correct answer is option e.
Explanation:
Demand for a commodity is considered to be inelastic when a proportionate change in price causes less than proportionate change in quantity demanded.
The demand for agricultural products is said to be inelastic. The reason behind this is that these goods are necessities and do not have any close substitutes. Also, they make only a small part of consumer's spending.
So even if there is a change in the price of these goods the quantity demanded will not be much affected.