Answer: Price skimming
Explanation: This is a pricing strategy whereby the business promoter puts a moderately increased preliminary price for a commodity at initial and reduces the price bit by bit. However, it enables the company to regain its amount of expense that was made in the past that cannot be regained nor will be important to the ruling about the events that are most likely to happen in time to come rapidly before rivalry walks in and reduces the state of trade price.
Answer:
Relative elastic.
Explanation:
There is 10 cent increase in price, however, demand for coca-cola cans have reduced to 50 cans, which is propotionatly high.
Price elasticity of demand are percentage change in demand with percentage change in price of product. Demand has inverse relationship with price of products.
There are 4 type of price elasticity of demand:
- Perfectly elastic demand.
- Perfectly inelastic demand.
- Relatively elastic demand.
- Relatively inelastic demand.
Perfectly elastic demand: Small change in price lead to greater change in demand of products.
Perfectly inelastic demand: No change in demand of product with changes in price of product.
Relatively elastic demand: Propotionatly greater change in demand with propotionatly lesser change in price of product.
Relatively inelastic demand: Percentage change in demand is lesser than percentage change in price of product.
Answer:
All of the options.
Explanation:
Professor Robert Baron Triffin was born on the 5th of October, 1911 in Flobecq, Belgium. He was a Belgian-American economist who became famous for his criticism of the Bretton Woods system of fixed currency exchange rates when he appeared and testified before the US Congress in 1959.
The Triffin paradox:
1. Warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run.
2. Was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.
3. Was first proposed by Professor Robert Triffin.
your company has developed and implemented countermeasures for the greatest risks to their assets. however, there is still some risk left. The remaining risk is called residual risk
<h3>What is residual risk?</h3>
The residual risk is the risk left for an individual or organization to face after the main danger have been removed.
The effects is usually not as high as the main risk associated to the work.
Learn more on residual risk below
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Michael Harrington's philosophy made the most sense for Americans during the 1960s economy. He wrote a book exposing the truth behind Americans who are living in extreme poverty and migrants of the country that were living under the "ideal" American life. His book also changed the perspective of America's leader, John F. Kennedy.