Answer:
Inelastic
Explanation:
Price elasticity of demand refers to degree of responsiveness of change in demand with due to the change in price.
When a small change in price is accompanied by a higher change in the quantity demanded, this indicates the demand being elastic.
On the other hand, when a substantial change in price results in less than proportionate change in the quantity demanded, it indicates that demand is inelastic.
Price elasticity of demand is mathematically represented as:
wherein, 
= Price elasticity of demand
dQ= change in quantity demanded i.e 
dP = Change in price i.e 
p = original price
q = original quantity
In the given case, the manager thinks, when price is reduced by 50 cents, the sales quantity will rise by 1 unit, but the total revenue, which is the product of price and quantity demanded, will fall. This indicates, the demand was perceived as inelastic.
This represents the case wherein, with fall in prices, the total revenue also falls i.e inelastic demand.
Answer:
C. Descriptive research
Explanation:
According to my study on the different types of research methods, I can say that based on the information provided within the question the type of research that they are conducting is called a Descriptive Research Method. This method focuses on describing different types of characteristics of the population or phenomenon that is being studied. This can be said because they are describing a small population of the truck drivers and their preferences.
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Answer:
Date Account and Explanation Debit Credit
Bonds payable $476,000
Loss on bond redemption $7,140
(461,720 - 454,580)
Cash $461,720
(476,000 * 0.97)
Discount on bonds payable $21,420
(476,000 - 454,580)
<em>(To record redemption of the bonds)</em>
Answer:
Inbound logistics ➞ Operations ➞ Outbound logistics
Explanation:
Multiple Choices are
Inbound logistics ➞ Operations ➞ Service
Inbound logistics ➞ Operations ➞ Marketing and Sales
Inbound logistics ➞ Outbound logistics ➞ Marketing and Sales
Inbound logistics ➞ Operations ➞ Outbound logistics
A value chain is an order of activities that a business perform to deliver a valuable good or service to the market. The correct order for the Value chain process is go through Inbound logistics to Operations to Outbound logistics to Marketing and Sales to Service.
So, the correct order according to value chain is Inbound logistics ➞ Operations ➞ Outbound logistics
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
