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LenaWriter [7]
3 years ago
8

To settle the dispute, you need to ensure that both owners understand the primary differences between consumer transactions and

business transactions. As you work on your explanation, you reflect on the characteristics that make business transactions different than consumer transactions. How would you describe the demand for business products?Select an option from the choices below and click Submit.- Inelastic: Demand for business goods tends to be me more inelastic than demand for consumer goods.- Elastic: Demand for business goods tends to be more elastic than demand for consumer goods.
Business
1 answer:
ASHA 777 [7]3 years ago
7 0

Answer:

Demand for business goods tends to be me more inelastic than demand for consumer goods

Explanation:

Price elasticity of demand is a measure of the sensitivity of demand for a good or service to changes in the price of that product. We say that the price elasticity of demand is elastic when a percentage change in the price of this good has major impacts on demand. On the contrary, we say that the price elasticity of demand is inelastic when variations in the price of goods have little or no influence on demand.

Elasticity is associated with tastes and the immediate need for consumption by the economic agent. For example, medicines have a more inelastic (less price sensitive) demand because they are essential items. However, in most cases, consumer transactions are opnative for consumers. However, in the case of business transactions, there is usually a need to demand good even though the price is high. As a result, the demand for business transactions is often more inelastic than the demand from ordinary consumers.

For example, imagine the airline ticket market. A consumer travels for leisure and an executive travels for work. If the ticket is expensive, the consumer may give up the trip. This means your demand for travel is elastic (price sensitive). However, the executive has little room to give up business travel and tends to travel even if the price is higher. Therefore, business transactions are more inelastic.

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Which department of the U.S. federal government was budgeted to spend over $582 billion on goods and services in fiscal year 201
pav-90 [236]
The answer is Department of Defense
8 0
2 years ago
Rene would like to explore a career that would allow her to work with customers or clients. Which two of the following careers a
natima [27]

I believe the answer is:

(B)radio announcer

(D)graphic designer

It is very common for Radio announcer to invite and interview guests and They are basically interacting with clients and fulfilled the client's wish regarding how their products need to be advertised.

Graphis designer, also require constant interaction with the customers in order to know whether the desing that is made by the designer is suitable with the image that the customers have in mind.

3 0
3 years ago
Read 2 more answers
Amelia has her money in a CD earning 2 percent interest. How long will it take for her money to double?
dusya [7]
It will take her 50 months if the interest grows every months. Here's the reason why:
=> in order to double up your money you need to have a 100% interest and since Amelia only have 2% interest, she needs 50 months to get the an interests that will double up her money.
6 0
3 years ago
A local bookstand believes that the demand for the Olympic edition of a sports magazine is normally distributed with a mean of 1
atroni [7]

Answer:

1,304 copies

Explanation:

Overage cost (Co) means like cost of over ordering

Co = Cost price - Salvage value

Co = $1.50 - $0 (No salvage value)

Co = $1.50

Underage cost (Cu) means like cost of under ordering

Cu = Selling price - Cost price

Cu = $5.00 - $1.50

Cu = $3.50

Service level = Cu / (Cu + Co)

Service level = $3.50 / ($3.50 + $1.50)

Service level = $3.50 / $5.00

Service level = 0.7

Z-value = NORMSINV (Service level), Using Ms Excel

Z-value = NORMSINV (0.7)

Z-value = 0.52

Optimal Order Quantity (Q) = Mean Demand + (Z-value*Standard deviation)

Optimal Order Quantity Q = 1,200 + (0.52*200)

Optimal Order Quantity Q = 1,200 + 104

Optimal Order Quantity Q = 1,304 copies

7 0
3 years ago
Historically, common crimes (such as robbing a bank) were punished more severely than white collar crimes (like embezzlement). W
Gelneren [198K]

Answer:

They must be severely punished.

Explanation:

Common crimes earlier were more threat full to the society than any other act and that is the reason they were mentioned more.

Since, the new era has new crimes, and one of the kind is white collar crimes which happens when companies’ heads try to misguide people with false financial reports, adding more losses to avoid taxes and sometimes showing more profit to attract potential investors, now it has become even severe.

Whichever the case, both crimes ultimately effect society and its stakeholders, however, common crimes are more frequent than white collar crimes.

Hence, they must be severely punished because they are committing crimes under the disguise of an innocent professionals.

5 0
3 years ago
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