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Feliz [49]
3 years ago
9

An automobile dealership that has always had success with homemade advertisements finds it difficult to switch to a professional

advertising agency, despite the fact that consumers are becoming more sophisticated.A. DissolutionB. InactionC. CrisisA financial services firm decides to downsize in order to save money rather than understanding the need to create new products for a changing demographic.A. BindedB. FaultyC. InactionA barcode scanning device manufacturer tried several times to update its products, but each of the attempts failed, leaving the company weaker and weaker in the process. Now, unless something remarkable happens, the company is facing bankruptcy.A. DissolutionB. InactionC. Crisis
Business
1 answer:
Fantom [35]3 years ago
7 0

Answer:

1) B - Inaction

2)B - Faulty

3)A - Dissolution

Explanation:

1) Inaction: The company's strategy is not responsive to technological trends

2) Faulty: Downsizing to save cost is not a good strategy for a business to adopt, they could have divest to other sectors

3)Dissolution: liquidate or wind up before the company runs in to serious financial crisis.

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Kevin has $20 to spend on summer clothes. He is looking at shirts, shorts, and flip-flops. Shirts are $10, shorts are $15, and f
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<span>Kevin has analyzed the situation well. However, he should also consider the fact that he saved $10 by only purchasing the shirt.

Opportunity cost is the cost of the forgone alternative. Out of the 3 choices, he only purchased 1 of the choices, the opportunity cost are the other two choices. However, he is still capable of buying the flip-flops costing $10 but he chose not to do so. He should consider it as a savings aside from it being a lost opportunity.</span>
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3 years ago
Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumpti
Aleonysh [2.5K]

Answer:

The government policy should have reduced beer consumption by 0.6 or 60%

Explanation:

Mid point formula calculates the ratio of mid point of change in demand and change in price to their average value. Then these changes are used in the calculations of elasticity of demand.

According to given data:

Elasticity of demand = 0.9

Midpoint of price  = (20-10) / [(20+10)/2] = 10 / 15 = 0.6667

Elasticity of Demand = Midpoint of demand / Midpoint of price

0.9 = Midpoint of demand / 0.6667

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4 0
3 years ago
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3 years ago
If a costumer has a coupon for 30% off any skateboard and then another coupon for an extra 5% off a total purchase, you can simp
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Answer:

TRUE

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The above assertion is correct because the amount of the skateboard will be the same as the amount for the sale, hence both percentages making up 35% can be applied to the skateboard amount.

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4 years ago
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