Answer:
how to allocate resources among his four stores.
Explanation:
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
In this scenario, George owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis and has finished adjusting his marketing mix based on the STP results. His next strategic marketing decision will most likely involve determining how to allocate resources among his four stores.
Answer:
The correct answer is C) "elastic, and the price elasticity of supply is 1.74"
Explanation:
Formula:
( (Qf - Qi) ÷ ((Qf + Qi) ÷ 2) ) ÷ ( (Pf - Pi) ÷ ((Pf + Pi) ÷ 2) )
Quantity Price
Lets remplace:
Qi = Initial Quantity = 125 boxes
Qf = Final Quantity = 145 boxes
Pi = Initial Price = $2.25
Pf= Final Price = $2.45
Quantity Price
(145 - 125) ÷ ((145 + 125) ÷ 2) ÷ (2.45-2.25) ÷ ((2.45+2.25)÷ 2)
= (20) ÷ (270÷ 2) = (0.2) ÷ (4.7 ÷ 2)
= 20 ÷ 135 = 0.2 ÷ 2.35
= 0.148 = 0.085
Finally: we divide the result of quantity into the result of price
= 0.148 ÷ 0.085
= 1.74
To classify into elastic or inelastic:
When Pes > 1, then supply is price elastic
When Pes < 1, then supply is price inelastic
When Pes = 0, supply is perfectly inelastic
Answer: <em>Elastic, and the price elasticity of supply is 1.74</em>
Answer:
C. sequential games.
Explanation:
Game theory is the learning of analytical types of mediation, ambivalence, and interaction between people, corporations, and governments. In-game theory, a sequential game means any game where an individual contestant picks their move before rest of the performers pick theirs. Importantly, the following performer's necessity has fascinating erudition regarding the first's selection, contrarily, the variation in period would have no strategic effect.
Comdominance isnt a word. Assuming you mean
Codominance which is a relationship between two versions of a gene. They are called allele; one given from each parent
Answer:
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