Based on the fact that the value has a standardized score of 1.75, this means that the value is 1.75 greater than the mean.
<h3>What is a standardized score?</h3>
The standardized score of a value is meant to show the value's position relative to the mean value of the data set.
A value with a standardized score of 1.75 is therefore 1.75 standard deviations above the mean.
Find out more standardized scores at brainly.com/question/12406305.
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<u>D. A premium rooftop restaurant in the same city</u> will be a part of Golden Harvest's strategic group.
<u>Explanation</u>:
A 5 Star Hotel is a hotel that provides a luxury service to its customers through its operation. It is operated to serve their guest at high level. The materials, tables and each and everything used in the five-star hotel are set with high quality. They provide utmost care to their guest.
In the above scenario, Golden Harvest is the restaurant that is operated inside a five-star hotel. They provide quality dining to their customers. The customers visiting the restaurant expect only the quality and they don’t bother about the prices.
This shows that <u>a premium rooftop restaurant in the same city will be a part of Golden Harvest’s strategic group.
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Answer:
PED = -0.4 or |0.4| in absolute terms
Explanation:
price elasticity of demand (PED) = % change in quantity demanded / % change in price
- % change in quantity demanded = [(30 - 50) / 50] x 100 = -40%
- % change in price = [($24 - $12) / $12] x 100 = 100%
PED = -40% / 100% = -0.4 or |0.4| in absolute terms
the demand is price inelastic since |0.4| < 1
this means that the change in quantity demanded is proportionally less than the change in price.
Answer:
Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income.
Explanation:
The Seven Dream concept of the Seven Eleven convenience store is a good supply chain concept that targets e-commerce customer. While most of the e-commerce portal are successful these days, 7 Dream comes as an unique inception. This allows customer to order via online and collect from the store deliveries at their convenience as well. The concept is seem to be more preferred in Japan, where customers have preference towards store delivery of the shipped goods. In fact, the 7- eleven in Japan is more successful than any other countries where the franchise has its stores open.
From the supply chain perspective, I think 7dream concept will be more successful in Japan than in USA. The reason being the urban customer of Japanese market and convenient access for them to store and pick up. For place like USA, where population is sparsely distributed to large area, this supply chain concept will not be very effective. For Suburban population, this model will be very inconvenience as they have to drive a long way to store to collect their deliveries, which they could have easily got home delivered via other such services.
