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allochka39001 [22]
3 years ago
10

During a natural disaster, such as a hurricane, the demand for hotel/motel rooms in an area can suddenly surge, driving up the p

rice of a room. If the government enacts price controls (such as anti-gouging rules), what will MOST LIKELY result?
Business
2 answers:
nlexa [21]3 years ago
7 0

Answer:

Rooms will be hard or impossible to find.

Explanation:

Price controls are implemented by government to reduce adverse price increase on the consumer. Suppliers can use situations such as disaster to raise prices and make more profit.

Price gouging occurs when the price of a good is increased as a result of shortage.

If the government implements price controls, suppliers will be unwilling to give out rooms at lower prices. This results in scarcity of rooms.

Eventually because of high demand, some consumers will pay more for rooms using black market channels.

Dennis_Churaev [7]3 years ago
7 0

Answer: Rooms will be hard or impossible to find.

Explanation: Increase in the demand of commodities above the estimated need or supply will often to price increase which could be attributed to room prices during times of nature disaster when people are in dire need of shelter. However, government intervention through policies which prohibits raising prices above reasonable level at times like this will often lead to hoarding or scarcity of the demanded items or services. In this scenario, anti gouging policies will most likely result in hotels being reluctant to offer their rooms due to the price control hence, leading to scarcity.

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mixas84 [53]

Answer:

because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers

Explanation:

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6 0
3 years ago
Write the importance of flower farming in Nepal in point​
Dvinal [7]
Importance of flower cultivation is increasing day by day in Nepal because they understood the income which can be generated by floriculture and the soil also permits the cultivation of the plants at a large scale.
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3 years ago
A common stock pays an annual dividend per share of $1.80. The risk-free rate is 5%, and the risk premium for this stock is 4%.
ArbitrLikvidat [17]

Answer:

The value of the stock today is $20

Explanation:

Using the CAPM equation, we first calculate the required rate of retunr on the stock.

The equation for CAPM is,

r = rRF + Beta * rpM

Where,

  • rRF is the risk free rate
  • rpM is the risk premium on market
  • Beta * rpM is the risk premium on stock

r = 0.05 + 0.04

r = 0.09 or 9%

The value of the stock can be calculated using the zero growth model of DDM. The DDM values the stock based on the present value of the expected future dividends from the stock. As the dividend from the stock is expected to remain constant through out to an indefinite period, the value of the stock today is,

P0 = Dividend / r

P0 = 1.8 / 0.09

P0 = $20

3 0
3 years ago
Buscorp wants to introduce a new procedure for processing customer requests. if this change will require employees to break old
NeTakaya
If this change will require employees to break old routines and adopt new role patterns, the preferred strategy for dealing with resistance to this change such as this is learning. The company would want their employees to learn new methods so as to be able to adopt to the change and in a way encourage to their employees.
4 0
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During which phase must project teams address important considerations for managing information (and often end up updating busin
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Answer:

execution

Explanation:

The phase in which project teams address important considerations for managing information (and often end up updating business processes through improved communications) is execution phase.

Execution phase has a very long process in project management, in this phase information has to be managed,it is in this phase of management that the product and services that the organization render is been delivered to the customers. And most importantly, communication has to been improved between the company and their clients.

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