Answer:
The answer is: The price elasticity of demand for a good measures the willingness of buyers of the good to buy less of the good as its price increases.
Explanation:
The price elasticity of demand measures the change in the quantity demanded of a product in relation to a change in its price.
The formula for determining the price elasticity of demand (PED) is:
PED = % of the change in Quantity Demanded / % of the change in price
If a good has a high PED (≥ 1) then it is called elastic, which means that any change in the price will change the quantity demanded in a greater proportion. If a good has a low PED (≤ 1) then it is called inelastic, which means that any change in the price will affect the quantity demanded in a smaller proportion.
Usually goods or services considered luxurious (e.g. gourmet cheese), tend to be very elastic (high PED). While products considered basic necessities (e.g. gasoline) tend to be very inelastic (low PED).
Answer:
$894.65
Explanation:
Given data:
n= time = 10 years
par value= $1000
annual coupon = 5.5%
interest rate = 7.0%
bond price = present value of interest + present value of redemption value.
present value of interest:
C = 5.5% of 1000 = $55
PV = C x (1 - (1 + r)^(-n)/r
PV = 55 x 1.07^(-10)/0.07
PV = 386.3
present value of redemption value:
pv = f / (1 + r)^(n)
where f = par value
PV = 1000 / (1.07)^(10)
PV = 508.35
summing up both values
508.35 + 386.3
= $894.65
Answer: Brand position.
Brand position can be explained as the position or standing of the brand as compared to other companies or its peers. It shows the level of the brand and its credibility. Brand positioning is creating the image of brand in the mind of the consumers.
Answer:
The correct answer is (C) the foreign purchases effect.
Explanation:
As a result of a negative situation for the internal economy, where the price of goods and services increases as a result of economic phenomena, people and companies tend to resort to the process of purchasing abroad, in order to meet their needs with A minimum amount of money.
Success is subjective. For some, success is their income, for others it is the size of their house, for some it is what car they own, for some it is what kind of family life they have, for some it could be how happy they feel on a daily basis (basically if they are happy or not), etc. Success for a person may depend on their dreams and goals.
For a Business, success could be either maximizing profits, or maximizing sales, or maximizing customer satisfaction, or maximizing shareholder/owner satisfaction, or maximizing employee satisfaction, etc. Success for a Business depends on its corporate objectives.
