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3 years ago

Which of the following statements about the consumers’ responses to rising gasoline prices is correct?

Business

1 answer:

vovangra [49]3 years ago

7 0

Answer:

c.About half of the long-run reduction in quantity demanded arises because people drive less and about half arises because they switch to more fuel-efficient cars.

Explanation:

In a long run, The demand is more elastic than in a short run, this is because the consumers have both more time and number of substitutes to switch to. So almost 50% of long-run decrease in quantity demanded is due to less driving by people, while rest 50% is due to people switching to more fuel-efficient cars.

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Daniel is the owner of a footwear manufacturing company. To increase the production of footwear on a weekly basis, he orders his

alexandr1967 [171]

Answer:

According to the Blake/Mouton grid, Daniel falls under the produce-or-perish management style, also known as the authority compliance style

Explanation:

This management style is very autocratic, very much a Theory X management style.

Daniel is very autocratic, has strict rules and policies. In the short run, this management style can achieve high productive results, but in the long run the low morale of the workers will end up hurting their performance. Daniel believes that his employees are just a means to an end, and that their needs are secondary and not important.

7 0

2 years ago

Procter & gamble is well known for its use of __________ branding because every product in p&g's portfolio has a differe

taurus [48]

Answer:

Individual branding

Explanation:

Procter & gamble is well known for its use of individual branding because every product in p&g's portfolio has a different brand name.

Individual branding can be defined as a market strategy in which every products sold by a firm has its own unique brand name. Individual branding can also be called "multibranding", "individual product branding", and "flanker brand".

Firms utilizes individual branding strategy in order to target different market segment. Individual branding helps to protect the other products produced by a company if one of them fails.

Each brand produced has a unique identity and name even though they are produced by the same firm. This allows the firm to to separate the image and reputation of each product and fix a different price for each product.

8 0

3 years ago

A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of

SVEN [57.7K]

Answer:

$5.4 and $5.4

Explanation:

The formula and the computation is shown below:

= Total setup cost ÷ total direct labor hours

= $91,800 ÷ 102,000 hours

= $0.9

For plus:

Setup cost is

= $0.9 × 6

= $5.4

And,

For Max:

= $0.9 × 6

= $5.4

We simply multiplied the per unit with the direct labor per unit so that the allocation to each unit could come

8 0

3 years ago

Cross references should be prepared for business names when

Paraphin [41]

There are numerous reasons why business names should be cross referenced. Some of the reasons are the business has an unusual name, compound names, and names with abbreviations and acronyms. The business may of also changed it's name,has a popular/coined names, and there may be subsidiaries and divisions of the business.

6 0

2 years ago

Which statement about earnings and education is most true? O A. Graduates of technical education never earn more than college gr

svp [43]

Answer:

B. Graduates with a professional degree always earn more than others.

3 0

2 years ago