Answer:
The cafe is small enough so a middle manager is not required for maintenance as it can be maintained as a flat organization.
Explanation:
It has least number of employees. Hiring a middle manager will increase cost for the restaurant.
Answer:
The Entrepreneurial personality trait i have is <em>Risk Taking. </em><em> </em>And Yes, one can develop such characteristics.
Explanation:
As of now, I have recognized that I am a <em>Risk Taker, </em>which is an essential trait to be an entrepreneur. Because there would be lots of hurdles in the way, and I would be required to make quick decisions for impose great risk for me and I like to take that.
Developing characteristics:
- Decision Making.
- Planning.
- Open Mind.
- These entrepreneurial personality traits I believe can be developed. Because there is a study which tells that to learn something new it requires 10000 hours, so, it's really not a rocket science, and only practice is required.
To learn decision making, one needs to take decisions often, he will surely fail but then that's what it is about taking risk being confident.
The answer is an instant read thermometer to check temperatures. This is the instrument used to gauge the temperature of a nourishment to decide whether it has been cooked to its appropriate doneness or on the off chance that it is being put away at a protected temperature. This kind of thermometer gives brings about 10 to 30 seconds, contingent upon the model being utilized.
Answer:
b.The good is a necessity
Explanation:
The price elasticity of demand = percentage change in quantity demanded/ percentage change in price
3% / 12% = 0.25
When the coefficient of elasticity is less than one, demand is inelastic.
Inelastic demand means that when price increases, there is little or no change in quantity demanded.
Necessity goods are goods that are very important to consumers and thus they tend to have an inelastic demand. For example, medications.
Substitute goods are goods that can be used in place of another good because of their similarity. E.g. butter and margarine
Goods with many substitutes have an elastic demand. If price of a good increases, consumers can easily shift consumption to substitute goods.
Narrowly defined goods have an elastic demand because it is easier to find subsituites for such goods.
Demand is more elastic in the long run because consumers have more time to search for substitutes.
I hope my answer helps you