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Softa [21]
3 years ago
7

The size of the change in the quantity demanded of a good or service due to change in its price is measured by the elasticity of

demand. When the percentage change in the quantity demanded for a good or service is more than the percentage change in price, the demand for that good or service is ________ and price elasticity is ________.
Business
1 answer:
Dmitry_Shevchenko [17]3 years ago
8 0

Answer:

Elastic ; greater than 1

Explanation:

We know that

Price elasticity of demand =  (Percentage change in quantity demanded) ÷ (Percentage change in price) × 100

Since in the question it is given that the percentage change in quantity demanded is more than the percentage change in price that reflects that the price elasticity is elastic that means it is greater than one.

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Question Options:

A. benchmarking

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C. organizational development

D. behavioral process orientation

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Explanation: Behavioural process orientation refers to the procedures and systems used in determining the cause of a particular behavior and strategies to reinforce or stop the behavior.

4 0
3 years ago
Tirri Corporation has provided the following information: Cost per UnitCost per Period Direct materials$7.35 Direct labor$3.55 V
dimaraw [331]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Direct materials= $7.35

Direct labor= $3.55

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6 0
3 years ago
What is a guiding principle of composite risk management?
xxMikexx [17]

Explanation:

The basic principle for the risk management are as follows -

1. Do not accept unnecessary risk - unnecessary risk comes without commensurate benefits. Only absolutely necessary while Missions must be undertaken while exposing personnel and resources to the lowest possible risk.

2. Make decisions at appropriate levels to establish clear accountability, which means those responsible for success or failure must be involved in the risk decision making.

3. Accept risks when benefits outweigh the costs.

4. Integrate operational risk management (ORM) into operations and planning at all levels.

7 0
3 years ago
Grand Trunk Inc., a furniture manufacturing company, does not manufacture furniture until an order is received. It coordinates a
sleet_krkn [62]

Answer:

supply chain management

Explanation:

Supply chain management -

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The process like supplying , designing , production , quality control etc. are all process in supply chain management .

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The correct answer is supply chain management .

7 0
3 years ago
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Zinaida [17]

Answer

almost all factors are in china

Explanation:

7 0
3 years ago
Read 2 more answers
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