Answer:
The correct answer is the letter d. Demand for the product is more elastic than the supply of the product.
Explanation:
Demand elasticity measures the change in quantity demanded due to changes in prices. Supply elasticity, on the other hand, measures the change in quantity supplied due to changes in prices. Thus, the sellers of a product will bear a higher tax burden if the demand for the product is more sensitive than the supply, that is, changes in prices have a greater impact on demand and, to a lesser extent, supply.
Answer:
The correct answer is $12 billion.
Explanation:
The seasonally adjusted process consists in adjusting and removing from the original series the effects of the seasonal component and the calendar effect (Easter and holidays), with the aim of providing a reasonable comparison of the productive activity between different periods. They play a fundamental role because they help to understand the evolution of the economy.
Answer:
$4.4 million
Explanation:
The ending retained earnings of Lambert incorporation increases by $1.8 million
The net income earned during the year is $5.4 million
Therefore the amount of dividend declared and paid by Lambert incorporation can be calculated as follows
= $5.4 million - $1.8 million
= $4.4 million
Answer:
Growth stage, Maturity stage
Explanation:
Product life cycle can be defined as the various stages that a product undergoes from the period that it is brought into the market to the period in which it is withdrawn from the market.
The four stages involved in the product life cycle include:
- Introduction stage
- Growth stage
- Maturity stage
- Decline stage
Growth stage is the stage in which the product experience a high rate of sales and profit. In this stage the public is fully aware of the product potential. There is also a high level of competition in this stage.
Maturity stage Is the stage in which the sales of the product begins to reduce. In this stage, saturation of the product in the market is attained. A lot of companies begin to think of new ways to rebrand their products to meet up with the new market trends.
Answer:
e. Responsiveness
Explanation:
Having in mind the building blocks of service quality, this example shows the responsiveness block.
It represents the eagerness of the company to proactively improve service according to customers' needs. In other words, it relates to how much the company is willing to help its customers or react to their potential inquiries for improvement.
Besides offering the basic service, Marriott Hotels carefully analyses the data that would help the company better cater to their customer base in the future.
