The price elasticity of baseball bats is −0.77, this indicates that the demand for bats tends to inelasticity. Therefore, if the manager wants to dispose of his inventory, he would advise you not to lower the price because it would cause a decrease in income. He could raise the price and earn more since being an inelastic demand, the quantity demanded would not be modified as much as the price would change.
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
1. Bad credit
2. Over the limit fee
3. Late payment fee
Explanation:
1. Bad credit is a situation where a borrower fails to repay his bills on time. This can have an effect on his credit score, thus resulting in a bad credit score and the inability of lenders to lend money. This explains John's situation because he fails to pay on time.
2. Over the limit fee is charged when a person's balance exceeds his credit limit and this can result in a decline of transaction. Susan has apparently exceeded her limit and her transaction might be declined or the balance might be deducted when she pays the fee.
3. Late payment fee is charged when a person fails to complete his payment on the due date. Interest is being charged after the purchase which he pays at a later time because he failed to read the conditions of the credit card offer.
Hey there,
Your question states: <span>Andy has a remaining balance of $845 on his credit card. His credit card company has an APR of 18 percent. How much will Andy pay in interest for one month?
</span>1.5% of 845 is 12.675
So by round this above, your correct answer would be <span>12.68
Hope this helps</span>
In the given Simple Model, I would like to add Requirements Gathering and Analysis after the Problem Statement. Because we know the problem description and we need to derive the requirements using the given data.
<h3><u>What exactly does "process modeling" mean?</u></h3>
Business processes or workflows are represented graphically in process modeling. Similar to a flow chart, each stage of the process is broken down so that a complete picture of the tasks involved in it within the context of the business environment is available.
A process model enables business processes to be visualized, helping firms better understand their internal business processes and manage and improve them. This is typically a flexible exercise for ongoing development.
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<u>What advantages does process modeling have?</u>
Business processes are given a visual representation through the process modeling method, making it easier for users to analyze them and determine how they might be improved. Process modeling also has additional advantages, such as:
- Increased effectiveness
- Gain transparency
- Ensure best practices
- Develop comprehension
- Business orchestration.
Learn more about business with the help of the given link:
brainly.com/question/11357749
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