Answer
Clarence Saunders invented self-service shopping, when he opened a grocery store in Memphis, Tennessee on 6 September 1916, under the whimsical name Piggly Wiggly.
Explanation:
Answer:
Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.
Answer:
Small batch and unit production.
Explanation:
Small batch and Unit production -
In this type of production , the primary focus of the organisation , is the satisfaction of the customer and is based on the preference of the customer .
For this type of manufacturing process , skilled labor and planning is very important to customize and prepare any good or service .
sometimes , the complete team focus on the production of the product one at a time , with lot of caution .
Hence , the information given in the question , the type of manufacturing process is best describes as Small batch and unit production .
Answer:
1
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Elasticity of demand = percentage change in quantity demanded / percentage change in price
Percentage change in quantity demanded = (30/20) - 1 = 0.5 = 50%
Percentage change in price = (1500 / 3000) - 1 = 0.5 = 50%
50% / 50% = 1
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