Answer:Flour should be acquired through a contract.
Explanation: Acquiring flour through a contact will be very important for DonutVille as it will ensure a follow-up and a feedback system where the manager of DonutVille establish a relationship with the company supplying the flour through one of its distributors or agents.
When purchasing of flour is achieved through a contact, it makes the contact a responsible person who will be needed to guarantee the supply of flour on time and to Communicate with the manager of DonutVille should there be any matters arising in the process getting supplies.
Answer:
<u>3</u>
Explanation:
Price elasticity of demand refers to degree of responsiveness of quantity demanded to a change in price.
Price elasticity of demand is calculated as;
average price = = $4.5
Average quantity = = 75
Elasticity of demand () is given by ÷
= ÷
= 3
Thus absolute value (ignoring the negative sign of change in prices) of price elasticity of demand is 3.
Explanation:
Corporation Has Limited Liability. ...
Corporation is Owned by Shareholders. ...
Consider Double Taxation. ...
Corporations Have Their Own Lifespan.
Answer: To increase sale by 10%, the seller must lower the price of the good by 12.5%.
Explanation: Price elasticity of demand measures the responsiveness of quantity demanded to a change in the price. Since, demand and price for a normal good are negatively related to each other, price elasticity is also negative. It can be calculated using,
Therefore, to increase sale by 10%, the seller must lower the price of the good by 12.5%.