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Harrizon [31]
3 years ago
9

Cell phone companies found that when they raised the price of connecting to wireless hot spots, demand decreased more than propo

rtionally among casual users but decreased less than proportionally among businesspeople. this is because wireless connectivity is a(n) ________ good for casual users but a(n) ________ good for businesspeople.
Business
2 answers:
Natali [406]3 years ago
8 0

This is because wireless connectivity is an inelastic good for casual users but an elastic good for businesspeople.

Further Explanation:

Inelastic Good: The inelastic goods are those goods whose demanded is not affected by the change in the prices. If the price of the goods increases, then the quantity demanded almost remain the same.

Elastic demand: The elastic goods are those goods whose demanded is affected by the change in the prices. If there is an increase in price of the goods, the quantity demanded also changes.

The wireless hot spot is a non-essential good for casual users that are the reason they have an inelastic demand for the wireless hot spot. It means that demand will not be affected by the change in prices. In the case of a businessman, it is an essential good which means the quantity demanded will be affected by the change in prices.

<u>  Therefore, wireless connectivity is an inelastic good for casual users but an elastic good for businesspeople. </u>

 

Learn more:

1.   Learn more about the profit margins

brainly.com/question/10218300

2. Demand and supply of goods

brainly.com/question/11045011

3.  Elasticity of demand

brainly.com/question/2396092

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Elasticity of demand

 

Keywords: cell phone companies, price of connecting, wireless hot spots, demand decreased, casual users, businesspeople, wireless connectivity,  inelastic good, elastic good, the elasticity of demand, wireless connectivity is a(n), elasticity, inelastic, economics.

Maru [420]3 years ago
7 0

Answer:  Cell phone companies found that when they raised the price of connecting to wireless hot spots, demand decreased more than proportionally among casual users but decreased less than proportionally among businesspeople. this is because wireless connectivity is a  <u>luxury or non-essential</u> good for casual users but an <u>essential</u> good for business people.

Casual users tend to use the wireless if and only when they can afford it i.e. it is not an essential commodity for them. That is why, the demand decreased more than proportionally among casual users, when prices increased.

On the other hand, wireless hotspots help business people to get their work done in a speedy and efficient manner. So wireless hotspots become more essential to business people. Therefore the demand is relatively inelastic for connectivity and falls less than proportionally for business people.

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In the North, if the price goes down by $0.40 per pound, then the quantity supplied in the North goes down by 600 pounds per yea
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Answer:

If the price of peaches goes down by $0.40 in the South, the quantity will decrease by 600 pounds per year.

Explanation:

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What are the costs associated with operating a franchise.
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Exactly how much a franchise costs is different for every franchise company out there, but most of them have similar startup costs. While the franchisor will help you with some of these costs — maybe through deals it has with preferred vendors or by lending you the money — the onus will be on you to come up with the funds on your own. And it’s not just funds to build and open your franchise, you will also need funds to run it until it becomes profitable.

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When opening a franchise, it’s important to remember that you are essentially “renting” the brand from the franchise. That brand comes with a lot of support and recognition, but you still have to pay for the privilege of being associated with it.

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These fees are on you, of course, but they are well worth it. Any person who is considering purchasing a franchise should absolutely consult with an attorney who is familiar with franchise law. The attorney you hire can review the franchise disclosure document with you and go through the franchise agreement to make sure it’s fair.

Each attorney will charge differently for this and it will largely depend on how much time your attorney has to spend on the documents, but you’ll probably have to budget between $1,500 and $5,000 for this.

It’s also a good idea to start working with a qualified accounting firm as soon as you decide to purchase a franchise. An accountant can help you set up your books and records for the company and can also help you determine how much working capital you’ll require to get your business set up and have it run until it becomes profitable.

Working Capital

Speaking of working capital, this is the amount of cash that is available to a given business on a day-to-day basis. It’s crucial to have enough working capital to cover a given length of time. This could be just a few months, or it could be a few years. It depends on how much time the business will need to start bringing in enough revenue for it to run.

Franchisors do generally provide an estimate of how much working capital you’ll require, but you should back this up with your own research and do your own calculations with the help of your accountant. Talk to other franchisees in the system about how much they needed.

Build-Out Costs

Build-out costs include constructing the building and purchasing all the furniture, fixtures, equipment, signage and anything else related to the building such as architectural drawings, zoning compliance fees, contractor fees, decor, security, deposits, insurance and landscaping. Your franchisor will give you an estimate of build-out costs, which vary widely between franchises.

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astraxan [27]

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The first options refers to senior managers in firms with large domestic markets. To be a senior manager demands experience in the market they are in so it is not far fetched to say that they are more knowledgeable in domestic practices than international.

The second option speaks of managers with little International experience meaning they are more likely to engage in transferability between domestic and International practices.

The third option speaks of managers who built their careers on domestic experience. They will find it hard letting go of what has brought them such success so will more likely apply domestic practices on an international scale.

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