If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is

AnnyKZ [126]

Answer:

Case 1: Torria wants to open a hair salon

a. 2 possible sources of revenue the business may have.

As a hair salon, there are several sources of revenue as following:

+) First is the revenue from providing hair care services for customers. This is the main sources, generated by providing services such as cutting, dyeing, etc.

+) The second source is from training. Torria can open courses for people who want to learn about hair care skills.

b. 5 possible expenses the business may have

To establish and operate a business, Torria may face these expense:

+) First is the fee for place. Torria will have to pay regularly fee to borrow rooms/ house to place the salon.

+) Second is the initial investment in interior and facilities such as chair, bed, mirror; the hair care products like shampoo, essential oils, etc.

+) Third is the salary Torria has to pay for the employees.

+) Fourth is the expense for advertising including: printing posters/ online advertisement, etc.

+) Last but not least is billing on electricity or water

Case 2: Mykeda wants to open an electronic store selling Apple products.

a. Other source of revenue than selling electronics

Other than selling electronic product, Mykeda can provide the services of repairing electronics to generate revenue. In this services, users can bring their broken phone to Mykeda's store to fix it and pay for that.

b. 4 expenses

4 expenses that Mykeda may have when opening a store are:

First, Mykeda has to pay for borrowing location on a street or in a mall to open the store.

In addition, there would be cost for the furniture of the store such as sofas, shelves, etc.

The third expense is on the investment to buy Apple products to resell.

And the fourth one is salary that Mykeda has to pay for salesman or other staffs in the store.

4 0

3 years ago

Commercial paper isa. ) loans made by commercial banks b.) loans made by the federal reserve bank to its members c.) a corporati

miv72 [106K]

Answer: a corporations short term notes

Explanation: Commercial paper can be defined as the money market security having maturity of less than 270 days. These are not backed by any collateral thus these could be issued by large companies having high credit worth in the market.

These are issued by corporations for coping with its short term obligations.

These are guaranteed by the issuing company.

3 0

3 years ago

When marketers consider the defection rate of a market segment, what behavior are they calculating?

insens350 [35]

Answer:

Defection rate, or costumer defection rate is one of the major factors due to which a company can hit rock bottom. The costumer defection rate can be defined as the rate at which the existing costumers of a certain company leave a brand, to switch over a competitor, or stop using that certain type of product all together. If the marketers are considering the defection rate of a market segment, it means that they are considering the rate at which costumers are leaving a brand to join another, or leaving that market all together.

7 0

3 years ago

A subtle form of racial discrimination in housing is "racial steering." racial steering occurs when real estate agents show pro

Olenka [21]

B. H0 : There is no association between race and the section of the apartment complex.
H A: There is an association between race and the section of the apartment complex.

Find the χ2 statistic
Solution
The formula for calculating χ2 statistic is given by ;
χ2∗ =∑(Oi−Ei)2/Ei, where Oi and Ei is the i^th observation and the i^th expected count
From the given data calculated the expected count using the formula; E = (row total *column total)/sample size

χ2 = 7.104439336,
χ2 = 7.104 (rounded to 3 decimal .places)

The P-value is;
Degrees of freedom = (2-1)*(2-1) = 1, χ2 = 7.1044
P-value from chi-square calculator is 0.007689

3 0

3 years ago

Outsourcing some production is a means of supporting a constraint. Group of answer choices TRUE FALSE

lesya692 [45]

It is a false statement that outsourcing some process in production is a means of supporting a constraint.

<h3>What is an outsourcing?</h3>

An outsourcing refers to act of hiring external body to perform services that are normally performed in-house of the company by the employees.

Rather, the use of outsourcing some of production is intended to overcome some organization constraints.

Therefore, the statement is false.