Answer: other people; dressing up;
unconscious; changes in posture
Explanation:
Impression management is behavior by which people control how they come across to other people. Some of this behavior is deliberate, such as dressing up for a job interview, but much of it is unconscious, such as changes in posture when one’s boss approaches.
Answer:
Price Elastic
Explanation:
We know that
The formula to compute the price elasticity of demand is shown below:
= (Percentage change in quantity demanded) ÷ (percentage change in price)
The classification as follows
1. Perfectly inelastic = If zero
2. Inelastic = When elasticity is below than one
3. Unitary elastic = When elasticity is equal to one
4. Elastic = When elasticity is exceeded than one
5. Perfectly elastic = When elasticity is in infinity
Since the percentage change in the quantity demanded of a good is greater than the percentage change in the price of the good which reflects that the elasticity is more than one
Answer:
Please see below
Explanation:
The question above is incomplete. See concluding parts
2. Calculate the activity rates for the four activities . Round your answers to the nearest cent. Processing account per account issuing statement processing transactions per enquiry. If the total number of statement issued was 20,000 calculate the cost of the issuing statements activity.
1. Capacity cost rate
= Total resources / Total checking processing hours
= $396,000 / 22,000
= $18 per hour
2. Calculate the activity rates for the four activity. Round your answers to the nearest cent.
Processing accounts
= 0.20 × $18 = $3.6 per account
Issuing statements
= 0.10 × $18 = $1.8 per statement
Processing transactions
= 0.05 × $18 = $0.9 per transaction
Answering inquiries
= 0.15 × $18 = $2.7 per inquiry
If the total of issuing statement was 20,000 calculate the cost of issuing the issuing statement activity
Issuing statement
= 20,000 × $1.8
= $36,000
Answer:
b. Firm A engaged in predatory pricing.
Explanation:
Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.
Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.
Based on this information only, an argument can be made that Firm A engaged in predatory pricing.
Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.
Answer:
Average daily demand (d) = 15
Lead time (L) = 3 days
Value of Z = 2
Standard deviation of demand during lead time = 5
Reorder point = d × L + (Z × standard deviation of demand during lead time)
= 15 × 3 + (2 × 5)
= 45 + 10
= 55
