Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.
How a change in price impacts consumer demand is assessed using the price elasticity of demand.
A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).
Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).
The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.
You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.
Learn more about price elasticity of demand here.
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The one that represent typical account fees are : minimum balance fees,
service fees, and/or ATM fees. These are all common in personal
finances.
Minimum balance fees is the the fees needed to make your
account stays afloat, service fees is the fee that covers your
operational service while ATM fees is the fees to maintain your ATM
Card.
An example of an institutional COI would be <span>one of the organization's deans is the vice-chair of the organization's irb
The organization's irb (institutional review board) is established to make sure that the institution protect the rights and welfare of every people that involved in the Organization. If the Dean is a member of the IRB, he can basically pass every misconduct that would tainted the organization</span>
Answer:
The correct answer is $10,800.
Explanation:
According to the scenario, the given data are as follows:
Jill's salary = $90,000
Jill's maximum contribution = 12%
So, we can calculate Jill's maximum tax-deferred contribution by using following formula:
Maximum tax-deferred contribution = Jill's salary × Maximum contribution percentage.
= $90,000 × 12%
= $90,000 × 0.12
= $10,800
Hence, Jill's maximum tax-deferred contribution to the plan for the year is $10,800.
Answer:
The correct word that fills the gap is: Irrelevant.
Explanation:
It is considered irrelevant since it is not the information the CEO is needing to assess the level of staff turnover. If the information corresponding to salary levels had been required to make adjustments, it would be relevant information.
Staff turnover is related to the level of exits and entries of new employees, and to calculate it requires only the relationship of income and expenses, not wages that must be evaluated by the human resources manager.
