What techniques should you employ when

1 answer:

7 0

I think your answers would be: All except for the last one, because I don't think it's right to have (one person) come up with the idea.

I could be wrong.

Hope you get it right tho! =)

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he Acmeville Metropolitan Bus Service currently charges $0.99 for an all-day ticket, and has an average of 433 riders a day. The

DedPeter [7]

Answer:

2.77

the bus company should decrease price to increase revenues.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.

percentage change in price = 1.21 / 0.99 - 1 = 0.222 = 22%

Percentage change in quantity demanded = 169 / 433 = -0.6097 = - 60.97%

Elasticity of demand = 60.97% / 22% = 2.77

Demand is elastic, so if price in reduced, there would be a rise in quantity demanded that would exceed the rise in price. This would increase revenues

3 0

3 years ago

The annual demand for a product is 15,300 units. The weekly demand is 294 units with a standard deviation of 90 units. The cost

antiseptic1488 [7]

Answer:

Reorder point = (weekly demand * lead time) + (Z * standard deviation * √lead time) = (294 * 10) + (2.326 * 90 * √10) = 2,940 + 661.99 = 3,602 units

Old safety stock = Z * standard deviation * √lead time = 662 units

new safety stock = 331

331 = Z * 90 * √10

Z = 331 / 284.60 = 1.163

Using Normal distribution function, the new confidence interval is 87.76%

3 0

3 years ago

Qualification certification and credentialing personnel are part of which nims management.

gladu [14]

The qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS

<h3>What is the meaning of nims management?</h3>

NIMS means the National Incident Management System.

The management system ensures that the government, nongovernmental organizations and private sector work together to prevent, protect and respond to incidents.

However, the qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS.