Any market could benefit from the pricing approach known as price elasticity of demand, particularly if it can attract customers.
How a change in price impacts consumer demand is assessed using the price elasticity of demand.
A product is deemed inelastic if people continue to buy it in spite of a price increase (such as with cigarettes and fuel).
Contrarily, elastic goods are subject to price changes (such as cable TV and movie tickets).
The formula: % Change in Quantity % Change in Price = Price Elasticity of Demand can be used to determine price elasticity.
You can determine whether your product or service is responsive to price changes using the idea of price elasticity. Your product should ideally be inelastic, meaning that demand won't change even if prices do.
Learn more about price elasticity of demand here.
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You can wash the car and you can also wash yourself
It seems that you have missed the necessary options for us to answer this question so I had to look for it. Anyway, here is the answer. If Siemens corporation is selling an Argentinean manufacturer a $2 million turbine machine, in the process of this sale, the factor that Siemens should avoid is Selling the Argentineans an off-the-shelf <span>turbine. Hope this helps.</span>
Answer:Internal
Explanation:Internal recruitment is the process through which Organisations employ their staff through sources or persons within an organisation, it considers internal factors such as performance and number of years worked etc.
MOST INTERNAL RECRUITMENT OPTIONS ARE GREATLY INFLUENCED BY SENIORITY SYSTEM AS THE MOST SENIOR PERSONNEL EXPECTS TO BE GIVEN THE CHANCE TO FILL VACANT POSITIONS WITHIN THE ORGANISATION.
Answer:
$49,000
Explanation:
The cash balance at the end of the period is the remaining balance after considering the opening cash balance and the net movement (which is the inflow and outflow) in cash during the period.
Let the cash payments be y
$29000 + $50000 - y = $30,000
y = $29000 + $50000 - $30,000
y = $49,000
Cash payments for the month of May were $49,000
