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Dahasolnce [82]
3 years ago
12

The price elasticity of demand measures the: A. responsiveness of quantity demanded to a change in quantity supplied. B. respons

iveness of quantity demanded to a change in price. C. responsiveness of price to a change in quantity demanded. D. responsiveness of quantity demanded to a change in income.
Business
1 answer:
pickupchik [31]3 years ago
6 0

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The price elasticity of demand determines the flexibility of the volume needed to adjust the price.

The demand of an individual or market becomes inelastic if it will not adjust much to increasing prices, and it is elastic for an individual or market if the demand of a particular commodity will shift a lot as prices shift.

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On April 1, Townsley Company sold merchandise with a selling price of $10,000 on account to Trout Company, with terms 3/10, n/30
mamaluj [8]

Answer and Explanation:

The journal entry is shown below:

Cash $8,730

Sales Discount ($9,000 × 3%) $270

       To Accounts receivable $9,000 ($10,000 - $1,000)

Here cash and sales discount is debited as it increased the assets and discount while on the other hand the account receivable should be credited as it reduced the assets  

3 0
2 years ago
Which feature of a customer relationship management (CRM) application assists with tasks such as controlling inventory and proce
nlexa [21]

Answer:

knowledge management

Explanation:

A customer relationship management individual user knowledge management component aids with activities like inventory control as well as production process.

Knowledge assets of an institution's knowledge and information being created, shared, used, and managed. It is a multimodal approach to achieving organisational goals via the most effective use of knowledge.

6 0
2 years ago
A company uses the finite replenishment model to determine the optimal quantity to produce. There are days a year over which dem
SVEN [57.7K]

Answer:

16.1 days

Explanation:

Note: The full question is attached as picture below

Daily demand d = 520

Annual demand D = 520*250 = 130000

Setup cost S = $680

Production rate p = 875

Holding cost H = 0.25*25 = 6.25

Optimal order quantity Q

Q = \sqrt{2DS/H} \sqrt{p / p -d}

Q = \sqrt{(2*130000*680)/6.25}   \sqrt{875/875-520}

Q = 8350

Length of production run = Q/d

Length of production run = 8350/520

Length of production run = 16.05769230769231

Length of production run = 16.1 days

8 0
2 years ago
Lisa’s pizza is trying to compete with the larger domino’s pizza down the street for customers. She feels she can deliver a bett
jolli1 [7]

Lisa's Pizza is trying to compete with the larger Domino's Pizza down the street for customers. Lisa here is trying to practice operations management.

More about operations management:

Operations management is a branch of management that focuses on planning, organising, and redesigning the production process for goods or services as well as business operations.

The management of business procedures to achieve the best level of productivity within an organisation is known as operations management (OM). In order to increase an organization's profit, it is concerned with transforming resources like labour and materials into products and services as effectively as feasible.

Teams in charge of operations management strive to produce the maximum net operational profit by balancing costs and revenues.

Learn more about Operations management here:

brainly.com/question/1382997

#SPJ4

8 0
1 year ago
Part-time workers likely result in A. inaccurately high estimates of the labor force. B. inaccurately low estimates of the labor
avanturin [10]

Answer:

Correct answer:

A. inaccurately high estimates of the labor force.

Explanation:

Part-time work is the type of work where an individual has a flexible work plan is a given company unlike the traditional full-time work. Doing such work create the impression that, there is high labour force among the various industries and sectors.<em> For example, someone might be working in two different firms under part-time basis same day which create an impression of two different individuals.</em>

5 0
3 years ago
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