An augmented product is something that has physical and non-physical attributes that add to the value of the product itself.
Answer:
Assets : Cash, Accounts receivable, Equipment
Liabilities : Salaries and wages payable, Accounts payable, Notes payable
Owners Equity : Owner’s capital
Explanation:
Assets are valuable things owned by a business, to which firm's present or future monetary economic benefit can be entitled.
Cash , Account receivables (from debtors who owe money to us) , Equipments are all beneficial ownerships and hence are Assets.
Liabilities are financial burden of the business, the amount business owes to others.
Salaries and wages payable, Accounts payable (from creditors to whom we owe money), Notes payable are all financial obligations to be fulfilled by business - so are liabilities of business.
Owners Equity are the assets of business which have been bought in by the Entrepreneur as 'Capital' in the firm.
The answer would be that there are few other places to purchase soda on campus; competition (or lack thereof) can play a big factor in determining price elasticity.
While nutrition information can shift consumers' preferences, we have no indication within the question of whether or not the students are well-informed of the impact of their drinking choices.
As for the third option, we are not given any information on the students' budgets, and no information with which to infer this, either. We only have information on their spending as it is related to soda, not as compared to other purchases.
Finally, given that the quantity sold does not change much despite the change in price, we can conclude that this price curve is relatively inelastic, in which case the price elasticity of demand would be closer to zero than one. This effectively rules out the last answer.
