Answer:
(I) Price elasticity = 1/6
(II) the $2.5 price gives the higher revenue: 1,250
Explanation:
(I) price elasticity
↑Q (500 - 300)/((500+ 300) / 2)
↑Q 200 / (800/2) = 200/400 = 1/2
↑P (3.5 - 2.5)/((3.5+2.5)/2)
↑P 1/(6/2) = 1/3
(II) total revenue
3.5 x 300 = 1,050
2.5 x 500 = 1,250
Answer:
Option "C" is the correct answer to the following situation.
Stimulus Response Selling
Explanation:
Stimulus-Response Strategy- A marketing strategy that depends on the salesperson's freedom to say the right thing stimuli to get a favorable response from the buyer's answer, also referred to as the Canned Method because a template is widely used.
Marie uses a combination of statements and questions when trying to sell goods to potential buyers and tries to construct statements and questions so that the prospective buyer can receive beneficial responses.
Independent Data Mart is created separately from the enterprise data warehouse by a department and not reliant on it for updates
<h3>
What is an independent data mart?</h3>
Data marts are one of the keys to effectively converting information into insights in a market dominated by big data and analytics. Large data sets are normally dealt with by data warehouses, yet easy-to-find and immediately available data are needed for data analysis. Should a business person have to run difficult queries in order to acquire the data they require for their reports? No, which is why savvy businesses employ data marts.
Often a partitioned section of an enterprise data warehouse, a data mart is a subject-oriented database. Typically, a data mart's subset of data corresponds to one particular business unit, such as sales, finance, or marketing.
Data marts speed up business processes by enabling quick access to pertinent data in a data warehouse or operational data store, rather than having to wait months or more. A data mart is an economical way to quickly obtain useful insights because it only includes the data relevant to a certain business area.
Thus, it is a data mart where the data warehouse is created separately from the enterprise data warehouse by a department and is not reliant on it for updates.
For more information on Data mart, refer to the given link"
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Answer:
The correct answer is rational decision making.
Explanation:
The question about rationality is that all human beings are different, with different tastes, variety of opportunities and what is rational or useful for one person may be totally different from what would satisfy another. In addition to everyday situations, people often make quick and unconscious decisions that are part of their daily experiences and are chosen by inertia, which can often leave rationality aside to become repetitive or everyday choices, another really important aspect Within the issue of decision making is the change of thoughts, tastes or perspectives of people over time and according to their experiences or areas in which they are, in short, what for a person can be rational in this At the moment, it won't be in the future.
The above gives us a perspective of decision-making in many fields where it can be observed that the most important thing is the search for self-benefit and where opportunity costs are weighed in order to see what is most useful within the opportunities They are available. The most interesting of all is to understand that we live with economic science on a daily basis and that without a doubt it is immersed in us when making decisions; It is also called "The hidden logic of life."
Answer:
Preferred stock is advantageous in that it:
(1) has priority over common stock when dividends are declared.
(3) has priority over common stock at liquidation.
Explanation:
2 and 4 are not correct.
(2) in the case of liquidation, priority of payment is made according to seniority ranking. Creditors is ranked higher than preferred shareholders, so they will recieve payments first.
(4) a company is not obligated to pay dividends to shareholders as with interest payment to creditors. So, the creditors would recieve their interest payments first.
