Answer:
b. +1.26
Explanation:
The computation of the income elasticity of demand is shown below:
= (Percentage Change in quantity demanded) ÷ (Percentage Change in income)
= (change in quantity demanded ÷ average of quantity demanded) ÷ (change in income ÷ average of income)
where,
Change in quantity demanded would be
= Q2 - Q1
= 14 blouses - 12 blouses
= 2 blouses
And, average of quantity demanded would be
= (12 + 14) ÷ 2
= 13
Change in income would be
= $52,000 - $46,000
= $6,000
And, average of income would be
= ($52,000 + $46,000) ÷ 2
= 49,000
So, after solving this, the income elasticity of demand is +1.26
Answer:
$18,750
Explanation:
The double declining method of depreciation (DDB) formula is:
DDB= 2 * Cost of the asset * Depreciation rate (DR)
DR= (1/useful life)*100
For this problem:
Value to depreciate: $75,000
DR= (1/4)*100= 25%
DEPRECIATION YEAR 1: DDB= 2 * $75,000*25%= $37,500
Machine´s value year 1: $75,000-$37,500= $37,500
DEPRECIATION YEAR 2: DDB= 2*37,500*25%= $18,750
Answer: B. different stages in the life cycle call for different marketing strategies.
Explanation:
A product goes through different stages in its development when it is first introduced into the market. These stages include the introductory stage, the growth stage, the maturity stage and the decline stage.
Each of these stages will mean a different level of sales for the product which means that the company will have to capitalize on the opportunities offered by each stage in order to market the product in such a way that it will sell. For them to do so though they will need to know what stage the product is at and that is why the Product Life Cycle is important.
<span>Managers should conduct a 360 evaluation of staff performance. This includes gathering feedback from suppliers, customers, and other employees. Customer surveys, with an incentive, are an effective way to measure success and gather target feedback. A key performance indicator for this type of business is customer retention.</span>
