Answer:
O B. The conversion of money from one system to another system
Explanation:
Currency exchange is converting the currency of a country into the currency of another country. It is the conversion of the country's A currency to the country's B currency. The rate of converting the currency of one country to another is the exchange rate.
Currency exchange takes place in the foreign currency exchange market. Demand and supply factors determine the exchange rate between currencies of two countries.
Answer:
A
Explanation:
Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
If the absolute value of price elasticity is greater than one, it means supply is elastic. Elastic supply means that quantity supplied is sensitive to price changes.
Supply is inelastic if a small change in price has little or no effect on quantity supplied. The absolute value of elasticity would be less than one
The short run is a period where all factors of production are fixed. In the short run, a firm would continue to produce if price is above average variable cost. If this is not the case, it would shut down
The long run is a period where all factors of production are varied. It is known as the planning time for a company
Supply is more elastic in the long run than in the short run because the producer can make adjustments in the long run
(An) <u>Entrepreneurial team </u>is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.
More about Entrepreneurial team:
A group of people who work together to make a venture successful is known as an entrepreneurial team. It is primarily led by the business owner or manager in charge of assembling the team. The teams formed in an entrepreneurial venture are typically for achieving the belief that there is no sure-shot success formula
They have to be different in skills and talents that have to be learned over a period of time. The entrepreneurial team must have faith in their goods or services so that they can run a long-term initiative for the company while also keeping good relations with their clients, markets, and investors.
Learn more about entrepreneurial team here:
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Answer:
Two target markets are children and youths
Explanation:
These children and youths demographically falls with in the ages of 7 years and 25 years residing in suburbs with a highly creative and soft-skill abilities.
Another target market opportunity is that for adults without literacy knowledge residing around same sururbs regions. Such class of individual lack basic knowledge of literacy and would dare to take a risk to acquire basic literary skills.
The use of promotional offers and rewards are among the customer relationship marketing adoptee for use.
