Answer: b. Set higher prices to the students as their demand is relatively more inelastic.
Explanation:
Price elasticity of demand measures the change in quantity demanded to changes in price levels.
If demand is inelastic, a small change in price has a small effect on quantity demanded. An inelastic demand usually has a coefficient of less than 1.
The elasticity of demand for students and senior citizens are both inelastic but that of the students is greater than that of senior citizens. They are less responsive to price changes when compared with senior citizens.
Answer:
The journal entry to record the factory wages of $25,000 incurred in the processing department is given below.
Debit Processing Department (WIP Asset) $ 25,000
Credit Factory Wage (Liability) $ 25,000
The journal entry to record the factory wages of $15,000 incurred in the production department.
Debit Production Department (WIP Asset) $ 15,000
Credit Factory Wage (Liability) $ 15,000
Please note that these work in process are asset accounts and the cost of inventory is expenses as goods are sold.
Answer:
As america's most important strength.
Explanation:
In the 1920s the wealthiest Americans (top 5%) earned around one third of the nation's income.
Back then, the working middle class was not the largest social class in the nation, most Americans should have been considered poor, while a small but very powerful and influential upper class existed. No politician would have dared to even suggest limiting the influence and power of the rich people (the owners of big businesses).
In order to increase the productivity business should invest more capital. Investing more capital means that there will be more productive assets that can be used.
Based on the systems viewpoint, a restaurant’s ability to accept cash, credit, or both, is associated with transformational processes part of a system.
The phrase "business process transformation" (BPT) refers to the process of fundamentally altering the sequence of steps necessary to achieve a certain business objective.
<h3>What is the transformational process in organizational models?</h3>
Organizations are guided toward high performance via the transformation process, which is a change process. The methodology outlines a series of interventions and change activities created to produce paradigm-shifting and long-lasting organizational change.
Any action or collection of actions that takes one or more inputs, changes and adds value to them, and produces outputs for consumers or clients is referred to as a transformation process.
Learn more about the transformational process here:
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