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padilas [110]
2 years ago
6

A local paintball business receives total revenue of $10,000 per month when it charges $12 per person, and $15,000 in total reve

nue when it charges $8 per person. Over that range of prices, the business faces elastic, unitary, or inelastic demand?
Business
1 answer:
bija089 [108]2 years ago
6 0

Answer:

Elastic

Explanation:

For determining whether the business faces elastic, unitary, or inelastic demand, first we have to find out the change in price and change in quantity percentage which is shown below:

Quantity would be = $10,000 ÷ $12 = 833

                               = $15,000 ÷ $8 = 1,875

Now change in quantity would be

= ($1,875 - $833) ÷ ($833) × 100

= 125%

And the change in price would be  

= ($8 - $12) ÷ ($12) × 100

= -33.33%

As we can see that price is decreased by 33.33% which increases the revenue by 125% reflect the high change so the demand is elastic. If the change in price impacts the demand by less change then the demand is inelastic.  

And, if the price and demand are equal with respect to change then it would be unit elastic

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When a human resource department is considering available talent within the company, which of the following will it use to deter
attashe74 [19]

Answer:

The answer is "b" - replacement chart.

Explanation:

The answer is <u>replacement chart.</u>

When a company prepares a chart on various positions in the company ,it's current employees , it's requirements , potential replacements for those employees , it is known as a replacement chart. Hence when the HR department is considering the available talent within the company to determine the successor of a key personal it refers the replacement chart to get the list of replacement available. Hence the answer is <u>replacement chart, b</u>.

<u>Skills inventory:</u>

A skills inventory is a compilation of the skills, education and experiences of current employees. Organizations use these inventories to assess whether current staff can meet company goals. Understanding the company's pool of current skills/talents and future skill requirements aids in strategic planning efforts.

<u>Human resource forecast:</u>

Human resources (HR) forecasting involves projecting labor needs and the effects they'll have on a business. An HR department forecasts both short- and long-term staffing needs based on projected sales, office growth, attrition and other factors that affect a company's need for labor.

5 0
2 years ago
Brandon has presented the possible requirements for the next sprint. The development team has asked questions and has clarificat
Nezavi [6.7K]

Based on the information given the formal event in which this is dome is :Product backlog refinement.

<h3>What is product backlog refinement?</h3>

Product backlog refinement can be defined as the process in which the development team tend to understand a product as well as how the product should be prioritize.

Product backlog refinement is important as it help to increase efficiency when planning for the next sprint and it as well help the development team to have full understanding of what the outcome of the product will be.

Inconclusion  the formal event in which this is dome is :Product backlog refinement.

Learn more about Product backlog refinement here:brainly.com/question/4841869

3 0
2 years ago
A firm concludes a counterpurchase agreement with a foreign country for which it receives some counterpurchase credits for purch
andrezito [222]

Answer:

This is an example of switch trading.

Explanation:

Switch trading is defined as a practice where one company goes into agreement with another company located in a different country to commit in the purchase of each company’s goods and services. This common practice is part of the countertrading category, which is the exchange of goods and services with other goods and services. Other examples of countertrading include barter, counter purchase, buyback, offset, and compensation trade.

5 0
2 years ago
Maddie enjoys viewing the website for her favorite clothing store because part of the space lets customers post pictures wearing
Anika [276]

Answer:

Content.

Explanation:

Internet branding or marketiing is the process of advertising your business and services over the internet. This marketing strategy helps to attract customers, sales, etc.

The model of online marketing suggests 7C's of internet branding.

The one that is exemplified in the given instance is content.

Content is one of the 7C's of online marketing which helps to pace with the modernity of society. There are, now, many new ways of creating a creative content which helps to attract the customers. This may include to create content that consists of videos, infographics, images, etc.

<u>In the given instance, Maddie is viewing the website of her favorite clothing store. The pictures posted on that website helps Maddie to style her own clothing. This suggests that her favorite clothing store has created a creative content that helps it's customer to visualize the clothings as well.</u>

Thus the correct answer is content.

3 0
2 years ago
1. Raphael pays Better Buy $800 to for a new high-definition television (HDTV) and its installation. He's attracted by Better Bu
dsp73

Answer:

A. Raphael spend $800

B.$800

C.VALUE ADDED

Explanation:

A. The amount of $800 is the amount that would be included in the expenditure method reason been that Rapheal used the amount of $800 to pay for a new high-definition television (HDTV) as well as its installation

B. The total contribution to GDP which is measured by the expenditure method, is the amount of $800 calculated as :

The Stages of Production; The Sale Value - The Cost of Intermediate Goods = VALUE ADDED

The Home Station $50 - $0 = $50

Firedog $650 -$50 =$600

Better Buy $800- $650=$150

TOTAL $800

($50+$600+$150)

C.The contribution to GDP that you found using the expenditure approach corresponds to the sum of the VALUE ADDED at each stage of production

8 0
3 years ago
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