Supply price elasticity measures sellers' sensitivity to changes in price. When price changes have a large impact on supply, we say that supply is price elastic, with small price increases supply will increase considerably. We say that an offer is perfectly elastic when from a certain price level, suppliers have bid as much as possible. In the short term, however, firms bump into structural factors to deliberately increase their supply. For example, a factory has a short-run maximum production limitation. In the short term, the factory may grow its plant and buy more machines, but in the short term from one point the supply is more rigid.
There are, however, some exceptions. In the case of natural monopolies, such as water supply, the increase in price may increase supply indefinitely. This is a case where, in the short run, price elastic supply can be infinitely elastic. Thus, rising prices can increase the amount of water supplied as much as demanded by consumers. This is because the marginal cost of supplying more water is low for the firm.
Note: marginal cost is the cost of manufacturing one more unit of the product supplied. In the case of water, the marginal cost of providing 1 unit of water measurement is very low.
Answer:
business processes
Explanation:
Enterprise software includes a database and thousands of predefined business processes that reflect best practices
Answer:
1. Economic investment refers to the creation and expansion of business enterprises.
Explanation:
Economic investments: increase of the capital of a company. This can range from human resources, equipment, facelities, raw materials and others. in general it refers to tangible assets used into the business operations,
While Financial investments refer to allocation of cash to achieve a certain yield over a period. In financial investment we can find bonds, stock, rela state ventures, derivates among others. If it is traded with the expectation of a financial gain (cash inflow in the future are greater than cash outflow at purchase) could be considered this type of investment.
<span>As the outsourcing decision is not in the audit term therefore the audit team is not needed to take it into consideration. Audit team is required to work for those matters which are in the term for which it is hired. Notes can be mentioned that outsourcing is used in the next term.</span>
The team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team
<h3>Who is a
Functional team?</h3>
A Functional Team refers to a group of people with a common functional expertise who are working toward shared objectives (which is to produce an entire product.)
In conclusion, the team that includes about 5 to 15 members that work together to produce an entire product is called a Functional team
Read more about Functional team
<em>brainly.com/question/1490525</em>
